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Tag: Electric

MG Windsor Becomes India’s Best-Selling Electric Car in October 2024

National, November, 2024: JSW MG Motor India recorded remarkable sales for its recently launched MG Windsor, India’s 1st Intelligent CUV, in October 2024. The company sold 3116 units of the CUV, contributing nearly 30% of total Passenger Electric Car sales in October.

The company witnessed a 31% YoY growth, selling 7045  units in October 2024, the highest sales figure achieved since the company’s inception. The carmaker’s sharp focus on sustainable mobility solutions for a cleaner tomorrow is yielding encouraging results, with its NEV portfolio significantly contributing to sales growth, M-o-M. In October, NEVs contributed 70% of the total sales of JSW MG Motor India, reflecting the rapid increase in popularity of the company’s electric vehicle portfolio among customers.

Introducing the CAT 3.0 NXT: Komaki Launches New Electric Fleet Priced from Rs. 1,20,000

National, 25th October 2024: Komaki Electric Vehicle, a leading electric vehicle brand, introduced the new model of Cat 3.0 NXT before the festive season. The new model of CAT 3.0 NXT comes up with two battery variants, Graphene and LIPO4, which will now be available . This eco-friendly e-fleet is aimed at last-mile delivery operators for all-day usage in a sustainable manner and strengthens the SMEs and MSMEs to flourish their businesses. Komaki is offering an introductory cashback offer on Cat 3.0 NXT till 31st October.

Komaki Cat 3.0 NXT is powered by app-based battery variants, Graphene and LIPO4. The company claims a range of 180+ km to 200+ km on a single charge, depending on the battery variant. The electric fleet is based on a solid metal body with convertible seats, offering ample space for seating and a loading capacity of up to 500 kg. It provides utility and convenience used for transporting both goods and passengers. The new Cat 3.0 NXT’s convertible design allows for seamless transformation into a loader, providing flexibility for diverse transportation needs.

“Our vision at Komaki is to strengthen the small businesses to flourish their businesses at every corner around the nation through innovative, eclectic mobility solutions. The launch of CAT 3.0 NXT marks another significant milestone toward our goal, which will empower businesses to be eco-friendly and promote last-mile delivery operations,” said Gunjan Malhotra, Co-Founder of Komaki Electric Division.

In addition, the new Cat 3.0 NXT is packed with a host of features, including parking assist/cruise control, both sides special brake levers with incline locking, a Triple disc brake system, a Windshield with clear visibility, three gear mode with green eco sport turbo, Repair switch, Anti-theft lock, Self-diagnosis, Both side wide foot space. Furthermore, its convertible design allows a seamless transition into a loader; offering added flexibility to cater to diverse transportation requirements.

Schneider Electric Debuts Advanced Smart Grid Solutions at Enlit Europe 2024 to Address Resilience and Sustainability

National, October 23, 2024 – Schneider Electric, the leader in the digital transformation of energy management and automation, will announce its latest innovations at Enlit 2024. Against a backdrop of increasing pressure on the energy sector, the company is delivering end-to-end smart solutions across the energy chain, with the goal of enabling businesses to thrive.

Recent climate agreements have highlighted the urgency of modernizing electric grids, aiming to phase out fossil fuels and enhance renewable energy adoption. With approximately 40% of the grid being over 40 years old, innovation is necessary to ensure that energy systems can integrate new technologies and meet future demands effectively. Transitioning to digitally equipped grids facilitates the integration of renewable energy sources while managing emerging energy demands with greater efficiency and reliability.

Schneider Electric will announce the following innovations and partnerships at Enlit Europe 2024:

  •  Advancements in Schneider Electric’s Virtual Substations: As a member of the Edge for Smart Secondary Substation Systems (E4S) Alliance, Schneider Electric will demonstrate new technologies needed to optimize the management of energy flows in smart grids. The PowerLogic T300 RTU is virtualized on the E4S hardware platform, simplifying substation design and enhancing operational capabilities.
  • Digital grid solutions for a sustainable future: Schneider Electric continues to strengthen its digital grid capabilities, including:
  • Net Zero dashboard: Integrated with EcoStruxure ADMS and DERMS, the new Digital Grid Sustainability Service Net Zero Dashboard offers key net-zero measures and KPIs for monitoring grid decarbonization, helping utilities quantify emissions and gain insights to guide sustainability strategies.
  • Grid flexibility: Utilities around the world, including PG&E and Elektrilevi, are working with Schneider Electric, deploying EcoStruxure DERMS to help manage the increasing complexity of grid constraints from the rapid growth of distributed renewable assets. European utility Elektrilevi started with a proof-of-concept project and validated their own acceptance criteria. They are now in the process of rolling out a full project using Schneider Electric’s Stepwise approach.
  • Grid resiliency: Schneider Electric is implementing strategies powered by the AiDash platform, using satellite and AI technology to provide real-time insights and analytics. These help utilities prepare for extreme weather conditions and reinforce grid resiliency.
  • Holistic LV network monitoring: This addresses the complexities of integrating low-carbon technologies, ensuring efficient planning, monitoring, and operation of the low-voltage grid.
  • Partnership with Unareti: Italian Distribution System Operator (DSO) Unareti is optimizing costs and enhancing service delivery for its customers in Milan and Brescia by leveraging Schneider Electric’s EcoStruxure Advanced Distribution Management System (ADMS) platform. The unified platform provides real-time management, critical asset monitoring, analytics, and data-driven decision-making. Thanks to this project, Unareti has been able to significantly enhance the efficiency of its existing infrastructure by leveraging the integration of both ADMS and PowerLogic T300’s virtualization capabilities. This has allowed for greater intelligence at the secondary substation level, further strengthening Unareti’s operational excellence. A demonstration of this solution will be presented at Enlit.
  • New purchasing options: Schneider Electric is introducing subscription packages to support the digitalization journey of DSOs, providing customers with access to the latest features upon each new release.
  • Active Plus Medium Voltage switchgear with EcoCare: Demonstrated for the first time at Enlit, Schneider Electric’s Active Medium Voltage equipment, combined with EcoCare membership, a next-generation service plan, is a robust foundation for peak performance and extended lifespan. The natively connected equipment is designed for remote monitoring and advanced analytics, providing 24/7 oversight that helps identify early-stage issues and adopt a condition-based maintenance approach.

Safeguarding the Future: Tackling Cybersecurity Challenges in Electric Vehicle Infrastructure

Electric vehicles are no longer just a futuristic concept. The electric mobility (e-mobility) is fast growing fueled by environmental goals, consumer demand, and technological advancements. By 2030, governments and industries aim to have millions of electric vehicles (EVs) on the roads, along with robust charging infrastructure. As convenient and environmentally friendly as EVs are, they bring along significant cyber security challenges, which if left unaddressed, could pose serious threats to the safety of EV users and the overall security of connected systems.

India’s electric vehicle (EV) market is experiencing a significant turning point. on a high note for the Indian EV industry, achieving record sales across various vehicle segments and marking the best-ever 12-month performance. With 1.67 million units sold, FY2023 saw an impressive 41% year-on-year increase compared to 1.18 million EVs in FY2022. Notably, retail sales in March 2024 reached a new monthly high of 208,410 units, marking the first time India’s EV sector surpassed the 200,000 monthly sales milestone. This growth is largely attributed to the government’s Electric Mobility Promotion Scheme, which encourages consumers to transition to EVs.

Countries across the globe are investing heavily in the production and distribution of EVs. Charging stations, the backbone of e-mobility infrastructure, are expanding to meet this growing demand. According to estimates, over one million publicly accessible charging stations will be required globally by 2030 to meet demand.

The digitalization of this infrastructure—spanning everything from smartphone-based payment systems to vehicle data communication—introduces an interconnected web of data flows between vehicles, users, and systems. This digital landscape, however, also exposes EVs and their infrastructure to a host of cyber risks.

  1. The Cyber security Threat LandscapeAPIs: A Gateway for Cybercriminals
    The rapid growth of API usage in automotive ecosystems makes it one of the prime attack vectors. In 2022, API-based attacks increased by up to 380%, according to a Global Automotive Cybersecurity Report. APIs connect charging stations, vehicles, and mobile applications, making them attractive targets for cybercriminals seeking to disrupt services, steal data, or launch ransomware attacks.
  2. Charging Station Vulnerabilities
    Public EV charging stations, especially those providing fast-charging services, present potential vulnerabilities. Researchers have demonstrated attacks like Brokenwire, which uses radio signals to disrupt the charging process. In another high-profile incident, hackers exploited infotainment systems to push explicit content onto charging station screens, exposing users to inappropriate material and underscoring the weak security posture of many of these systems.
  3. Payment Systems and Data Theft
    The integration of digital payment systems into charging infrastructure opens the door to financial crimes. Cybercriminals can intercept and exploit sensitive payment data, leading to identity theft or unauthorized transactions. Malware and ransomware attacks targeting the underlying software systems of these stations could halt operations, leading to service disruptions and financial losses for users.
  4. Vehicle-to-Grid (V2G) Attacks
    With the rise of V2G systems, where electric vehicles exchange power with the grid, the threat surface expands. Cyberattacks aimed at manipulating the V2G ecosystem could result in power outages, widespread grid disruptions, or financial losses through unauthorized transactions. The consequences of such attacks could be devastating for energy providers and customers alike.

Securing the EV Ecosystem: Key Considerations

Given the diversity of components within the EV ecosystem, a comprehensive security strategy must be applied at every layer. From vehicles to chargers, mobile apps, and the broader grid, all elements need robust cybersecurity defenses to mitigate risks effectively.

  1. API Security
    Since APIs are widely used in the e-mobility ecosystem, security teams must focus on securing API communications. This includes implementing encryption, authentication mechanisms, and real-time monitoring to detect and respond to malicious activity. Strong API security policies can prevent unauthorized access and mitigate risks associated with data interception.
  2. Firmware and Software Updates
    Continuous monitoring and regular software updates are critical for securing EV infrastructure. Updating firmware in charging stations and onboard vehicle systems can help close security gaps and prevent the exploitation of known vulnerabilities. However, updates must be performed securely, ideally using encrypted over-the-air (OTA) methods, to ensure the integrity of the software.
  3. Cloud Security and SBOM
    With much of the data and analytics for EVs and charging stations processed in the cloud, implementing strong cloud security measures is essential. Security teams must create a Software Bill of Materials (SBOM) to track software components and ensure transparency in software development and deployment. This allows for quick identification and remediation of vulnerabilities in third-party software.
  4. Zero-Trust Architecture
    Adopting a zero-trust security model ensures that no user, device, or system is trusted by default. This approach is particularly effective for large, complex ecosystems like e-mobility, where there are multiple access points to the network. Zero-trust architecture ensures that only authenticated and authorized users can access critical systems, reducing the risk of breaches.
  5. Intrusion Detection and Prevention Systems (IDS/IPS)
    Implementing IDS/IPS at both the network and device levels allows for real-time monitoring and automatic responses to suspicious activity. This proactive defense mechanism helps prevent attacks before they escalate and can detect anomalies in charging station operations or vehicle communications that indicate an attempted breach.
  6. Data Privacy and Protection
    Given the sensitive data involved, such as payment information and location data, EV operators must prioritize data privacy. Encryption and secure authentication methods should be employed to protect user data at all times. Compliance with international data protection regulations, such as GDPR, is also crucial to ensure users’ privacy rights are maintained.
  7. Supply Chain Security
    The supply chain for EV components is vast, involving hardware and software from multiple vendors. To mitigate risks, organizations must work with trusted suppliers and conduct thorough security audits to identify potential vulnerabilities. Robust supply chain security measures are essential to prevent the introduction of compromised hardware or software into the EV ecosystem.

Collaboration for a Secure Future

As the automotive and energy sectors converge with the digital world, collaboration is key to building a secure future for e-mobility. Governments, private companies, and cybersecurity experts must work together to develop robust regulations, security standards, and industry best practices. These standards, including ISO 15118 for secure communication between vehicles and chargers, provide a strong foundation for cybersecurity in this rapidly evolving field.

Managed Security Service Providers (MSSPs) also play a critical role in securing e-mobility by offering continuous monitoring, threat detection, and response measures. MSSPs help organizations comply with regulatory frameworks such as ISO/SAE 21434 for automotive cybersecurity, ensuring that all systems in the EV ecosystem remain secure.

Kinetic Engineering to Invest RS.30 Crores in New Electric Subsidiary Kinetic Watts and Volts

Pune, 15th October 2024: Kinetic Engineering Limited, a leading auto component manufacturer in India, has announced an investment of  into its newly formed electric subsidiary, Kinetic Watts and Volts Limited. This strategic infusion builds upon the company’s initial investment of , raising the total investment to. This investment underscores Kinetic Engineering’s focus on advancing innovation in the electric vehicle (EV) space, particularly in the areas of advanced EV technology and battery solutions.

The fresh capital investment will focus on expanding Kinetic Watts and Volts limited’s research, development, and manufacturing capabilities. With the EV market growing rapidly in India and globally, the company is poised to leverage its expertise and infrastructure to contribute significantly to the country’s green mobility transformation. The funding will support the development of high-performance, efficient, and sustainable electric vehicle systems, with an emphasis on state-of-the-art battery solutions designed to enhance vehicle range, reliability, and energy efficiency.

Commenting on this development, Mr Ajinkya Firodia, Managing Director of Kinetic Engineering, stated, “The electric vehicle market is rapidly evolving, and Kinetic Engineering is dedicated to staying at the forefront of this revolution. With the latest infusion of capital into Kinetic Watts and Volts Limited, we are not only reinforcing our commitment to innovation but also taking tangible steps towards a more sustainable future. This investment will empower us to create efficient, reliable, and advanced electric mobility solutions for our customers in the Indian market.”

Kinetic Watts and Volts Limited was established to spearhead Kinetic Engineering’s transition into the green energy sector. This recent investment is aligned with the company’s strategy to drive innovation through sustainable technologies. By focusing on EV technology and battery solutions, Kinetic Watts and Volts Limited aims to bring next-generation electric mobility solutions to the market while supporting India’s ambitious goals for reducing emissions and promoting renewable energy.

With India’s electric vehicle market poised for exponential growth, Kinetic Engineering is committed to making electric mobility accessible, reliable, and sustainable for all. The additional funding will accelerate the company’s efforts to deliver on this promise and position Kinetic Watts and Volts Limitedas a leader in the EV space.

1 in 3 Car Buyers are Likely to Buy an Electric Vehicle, Reveals Way2News Survey

Hyderabad, India, 4th October 2024: As India gears up for the festive season—a period traditionally marked by increased consumer spending—Way2News, a leading hyperlocal news platform, has released its latest report titled “Gearing Up: A Look at India’s Car-Buying Mindset.” Based on insights gathered from over 400,000 respondents across the 5 South Indian states – Andhra Pradesh, Telangana, Tamil Nadu, Karnataka, and Kerala – the report provides a comprehensive look into the evolving preferences and behaviours of car buyers in South India during this crucial sales period for the automobile industry.

While the 2023 festive season recorded the automobile industry’s highest-ever sales figures—buoyed by a 19% sales spike driven by pent-up demand—2024 paints a contrasting picture. The Indian automobile market has experienced a notable slowdown, with recent reports indicating that approximately 7 lakh unsold cars,  are currently stagnating at dealerships across the country. If not addressed, this surplus inventory could impose significant financial strain on dealers. Traditionally, the festive season from Navratri to Diwali has been a make-or-break period for automakers, with car sales often peaking as consumers time their purchases to align with auspicious dates. However, in 2024, this period represents more than just a cultural milestone—industry experts view this festive season as the automobile industry’s best chance to reverse the downward trend and reignite demand. Notably, the Way2News survey aligns with this, revealing that 42% of respondents plan to buy or upgrade their car within the next 12 months, signalling a potential resurgence in sales after a challenging period. Strategic marketing efforts, informed by consumer behaviour data, could help automakers turn this challenge into a success story.

In line with these evolving industry trends, the Way2News survey has uncovered several striking trends that could provide valuable insights for automakers looking to tap into consumer sentiment. Shifting priorities, a strong preference for SUVs, a growing interest in electric vehicles (EVs), and an increasing reliance on digital platforms are shaping the auto-buying landscape in South India.

Key Insights from the Report:

Safety Takes Precedence: One of the most notable shifts in the report is the emergence of safety features as a critical factor for car buyers. 43% of respondents cited safety—such as airbags, ABS, and advanced driver assistance systems (ADAS)—as their top priority, surpassing traditional decision drivers like price or fuel efficiency. This heightened focus on safety reflects a growing awareness of road safety among South Indian buyers, a marked shift from previous years when aesthetics and affordability led decision-making

SUVs Dominate the Market:

The report highlights the continued dominance of SUVs, with 58% of respondents showing a strong preference for this category. The growing popularity of SUVs is not just a trend—it’s a reflection of the lifestyle aspirations of modern buyers, who prioritize space, power, and practicality. SUVs are no longer just vehicles—they are seen as a lifestyle upgrade, symbolizing status and comfort. In contrast, other vehicle categories like sedans (20%), hatchbacks (14%), and MUVs (8%) serve niche markets but trail significantly behind SUVs

Electric Vehicles Gain Ground:

In what may be one of the most surprising findings, 31% of respondents expressed interest in purchasing electric vehicles (EVs), signalling a major shift toward sustainability. With 65% of buyers prioritizing eco-friendly options, and with Union Minister Nitin Gadkari’s push to phase out diesel vehicles gaining traction, the Indian auto industry is clearly on the verge of embracing cleaner, greener alternatives. The report underscores that the green wave is not just a trend; it’s a fundamental shift that is likely to reshape the industry in the years to come

Digital Platforms Drive Decision-Making:

The Way2News report also emphasizes the growing influence of digital platforms in car-buying decisions. Over two-thirds of respondents now rely on online resources, including social media, comparison websites, and online reviews, to inform their vehicle purchases. This shift towards digital-first research underlines the importance of online presence and reputation for automakers and dealerships alike

Financing Flexibility a Crucial Factor: With rising fuel costs and increased loan interest rates, car loans and instalment plans have become a go-to option for over half of the respondents. The report indicates that affordability and financing options will play a crucial role in driving sales during the festive period, making it important for automakers to offer flexible financing solutions to attract buyers

“The findings of this survey highlight a transformative shift in consumer priorities. Safety, SUVs, and sustainability are no longer just trends; they are the core drivers of the auto industry in South India as we approach this festive season. As automakers adapt to these changing preferences, understanding consumer sentiment will be key to navigating the challenges of this year and harnessing the opportunities the festive season brings,” said Raju Vanapala, Founder and CEO of Way2News.

As South India enters the festive season, the focus is not merely on driving sales but on building trust and connecting with consumers through core values of safety, sustainability, and lifestyle appeal. By strategically leveraging the festive season, manufacturers can navigate the challenges of a slowing market while cultivating a resilient brand presence that aligns with the aspirations of modern car buyers. This festive period has the potential to be a turning point for the auto industry, ushering in a new era of growth and innovation.