[EVDL] Maruti Suzuki to Build Electric Cars as Government Strives to Electrify All New Vehicles

[alishahessle via EV]

Source:
http://www.news18.com/news/auto/maruti-suzuki-to-build-electric-cars-as-government-strives-to-electrify-all-new-vehicles-1561047.html

Maruti also manufactures hybrid cars, demand for which has taken a beating
after the government raised sales taxes on them to as much as 43 percent.

 

Maruti Suzuki India, the country's biggest carmaker, said on Friday it
planned to build electric cars as the government strives to electrify all
new vehicles by 2030, though it didn't give a timeline for the process.

Maruti Suzuki's chairman said there was still no clear roadmap on how the
government aimed to achieve its target and a lot would depend on that.

"We will make electric cars but I can't give you the date just now because
it is all very much a work in progress," R.C. Bhargava told reporters, after
the company posted a 3 percent rise in quarterly profit, beating analysts'
estimates.

India is working on a new auto policy that promotes the use of electric
cars, and a draft is likely to be made public before the end of the year.
This is a shift from an earlier policy that promoted hybrid and electric
vehicles.

Sales of electric cars in India remain negligible, however, mainly due to
the high cost of batteries which make the vehicles expensive and out of
reach for many buyers in a country where cars are as cheap as 250,000 rupees
($3,800). A lack of charging stations also makes the whole proposition
unviable for now.

Maruti's parent, Suzuki Motor Corp, has electric car technology which it can
provide, Bhargava said, adding the Japanese company was also in talks with
Toyota Motor Corp to form an alliance which may include sharing technologies
like hybrid and electric.

Maruti dominates the small car market in India and has been launching more
premium vehicles as competition heats up with newer and planned entrants
such as Kia Motors and SAIC Motor Corp.

Maruti also manufactures hybrid cars, demand for which has taken a beating
after the government raised sales taxes on them to as much as 43 percent.
Bhargava said the future of  hybrid cars in India
   would depend on
the level of taxes and the company was in talks with the government to lower
them.

GROWTH SLOWING

Bhargava said that while the company continued to expect double digit sales
growth over the remainder of fiscal 2018, it would slow from the 18 percent
posted in the second quarter.

Earlier on Friday, Maruti reported a profit of 24.84 billion rupees ($381.86
million) for the second quarter ended Sept. 30, versus 24.02 billion rupees
a year ago, helped by higher sales of compact and utility vehicles.

Analysts, on average, had expected a profit of 22.29 billion rupees,
according to Thomson Reuters data.

Maruti, which provides the bulk of Suzuki Motor's revenues, sold a total of
492,118 vehicles during the quarter, up about 18 percent from a year ago.

Sales of compact vehicles, which include the Swift and Baleno, rose 43.5
percent, while sales of utility vehicles like the Ertiga and Vitara Brezza
climbed 27.6 percent.

Maruti shares closed slightly higher at 8,114.45 rupees.

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[EVDL] Honda unveils Sports EV concept at Tokyo Motor Show

[alishahessle via EV]

Source:
https://autoportal.com/news/honda-unveils-sports-ev-concept-at-tokyo-motor-show-11925.html

Honda has unveiled a new all-electric sports car concept at the 2017 Tokyo
Motor Show. The two-seater sports car that follows the Honda’s Urban EV
concept has been placed between the Civic Type R and NSX by the company.

 
The original Urban EV concept was showcased at the Frankfurt Motor Show
earlier this year and has been confirmed to enter production in 2019.
However, no such details regarding the new sports EV concept have been
provided by Honda.

The sports EV adopts a retro-inspired look with round headlamps and square
taillights. The elongated bonnet and coupe-like roofline add to its
traditional sports car looks. An illuminated front badge, however, speaks
about its technological advancements.

 

No technical details have been provided yet except a company statement
saying the car uses artificial intelligence. It’s a two-seater car and
considering its sporty nature, it would be safe to assume it a
rear-wheel-drive vehicle.

"Honda has been developing products that will lead to the creation of a
carbon-free society," speaks Mr Hachigo-san, CEO, Honda. "We will create
products which will enhance convenience for the customer. This new Sports EV
is a new proposal form Honda, developed to show the joy of driving in an
electric car."

Honda claims that two-third of its cars sold globally will be electrified by
2030. Further, the company is targeting to achieve this target in Europe by
2025 only. The sports EV will play a crucial part in Honda's global
electrification strategy.



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Re: [EVDL] EVLN: 2018 Leaf-based SUV to be revealed this month

[alishahessle via EV]

 It can be assumed that it will be powered by at least the same 40kW battery
pack from the Leaf and potentially the higher power 60kW variant which is
expected to have over 200 miles of range. 

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