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News on Medial
NXP CTO Lars Reger explains why Indian EVs were blowing up
IndianStartupNews
·
1y ago
Medial
Lars Reger, CTO at NXP Semiconductors, warns that the use of cheap laptop chips in battery management systems (BMS) is causing electric vehicle (EV) fires in India. Reger highlights that consumer electronics solutions are being adapted to complex BMS, leading to repeated failures. The affordability-focused Indian EV market has been opting for cheaper components, compromising safety. Reger emphasises the importance of using automotive-grade components that meet safety standards. The industry is pushing for collaboration to establish guidelines and quality benchmarks for EV components. While facing challenges, the Indian EV ecosystem continues to grow, with increased sales and government support.
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Cheap Laptop Chips In BMS Setting Indian EVs On Fire: NXP CTO
Inc42
·
1y ago
Medial
Dutch semiconductor design company NXP's CTO, Lars Reger, blamed the use of "cheap" laptop chips in battery management systems (BMS) for electric vehicle (EV) fires in India. Reger mentioned that the use of inexpensive solutions in complex systems by original equipment manufacturers (OEMs) leads to recurring failures. He attributed this to the low profit margins in the Indian EV space, making it challenging to afford more expensive BMS chips. This statement comes as incidents related to EV fires typically increase during the summer season in India. Despite safety concerns, the Indian EV ecosystem continues to grow, with a rise in the sale of EV two-wheelers.
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‘Crafting Bharat: A Podcast Series’, released it’s second episode with Rishabh Sood, Co-Founder and CTO of BluSmart
VCCircle
·
1y ago
Medial
The "Crafting Bharat: A Podcast Series" released its second episode featuring Rishabh Sood, Co-Founder and CTO of BluSmart, a company revolutionizing the ride-hailing sector with electric vehicles (EVs). In this episode, Sood discusses his founder journey, building a sustainable business, and the adoption of EVs. The podcast series aims to provide aspiring entrepreneurs and business enthusiasts with valuable insights from successful Indian startup founders. Sood shares his experiences on scaling the business while staying close to customers, utilizing technology to create a unique customer experience, and how AWS has supported BluSmart's backend operations.
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India Contemplates Five-Year Tax Cut On EV Imports To Attract Tesla
Startup News FYI
·
1y ago
Medial
The Indian government is considering tax reductions on fully assembled imported electric vehicles (EVs) for up to five years in order to attract companies like Tesla to sell and potentially manufacture EVs within the country. The government is formulating an EV policy that would allow global car manufacturers to import EVs at reduced duty rates if they commit to manufacturing EVs in India. Tesla CEO Elon Musk is expected to meet with Commerce and Industry Minister Piyush Goyal to discuss the company's plans to establish a factory in India.
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India opts for greener rides: EVs account for over 60% of three-wheeler sales in June
Economic Times
·
8d ago
Medial
In June 2025, electric vehicles (EVs) made up over 60% of three-wheeler sales in India, according to the Federation of Indian Automobile Dealers Associations (FADA). This trend reflects a growing shift towards green mobility. Two-wheeler EVs accounted for 7.3% of sales, while passenger EVs like cars and SUVs reached 4.4%. The commercial segment also saw EV growth. Overall vehicle sales increased by 5% year-on-year, spurred by infrastructure investments and consumer interest in sustainable options.
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A piece of tech won't replace humans overnight: Zerodha CTO on AI
Inshorts
·
7m ago
Medial
Zerodha CTO Kailash Nadh said the brokerage's employees were "afraid of job losses" amid fear, uncertainty and hype during big LLM breakthroughs two to three years ago. "So, we came up with an AI policy," he said. "We wanted to pacify and assure our people that a piece of technology wouldn't come and displace them overnight," he added.
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Blow to Tesla? Govt says not considering tax cuts or exemptions for EV imports
Inc42
·
1y ago
Medial
The Indian government has stated that there are currently no plans to provide tax cuts or exemptions for the import of electric vehicles (EVs). This announcement comes as Tesla is working to establish a manufacturing unit in India. Previously, there were reports of tax incentives being considered for automakers who commit to manufacturing EVs within the country. The move is aimed at attracting global EV manufacturers and stimulating competition in the Indian market. Tesla's CEO, Elon Musk, had criticized India's high import duties in the past but expressed excitement about the country's future recently.
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Bharat Innovation Fund’s Raghuraman on why it isn't focusing on exits just yet
VCCircle
·
1y ago
Medial
Ashwin Raghuraman, co-founder and partner of Bharat Innovation Fund, shares why the firm is not focused on exits at the moment, despite their first fund nearing the end of its investment cycle. Raghuraman explains that they are more interested in creating long-term value for their investments and building a strong portfolio of innovative startups. The firm's second venture capital fund is also set to launch soon, indicating their commitment to supporting and nurturing promising startups in the Indian market.
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New Rs 500 crore scheme to promote electric mobility kicks in from April 1
Economic Times
·
1y ago
Medial
The Indian government has introduced a Rs 500 crore Electric Mobility Promotion Scheme 2024 (EMPS 2024) to further boost the adoption of electric vehicles (EVs) in the country. The scheme, which will be effective from April 1, 2024, until July 31, 2024, offers financial support for the purchase of e-vehicles. Two-wheelers will receive up to Rs 10,000 in support, while small three-wheelers will get up to Rs 25,000, and large three-wheelers will receive up to Rs 50,000. The scheme aims to support the adoption of 3,72,215 EVs and promote the development of EV manufacturing in India.
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Will FAME-II Violation Blow Hero Electric, Okinawa And Benling India Off The EV Highway?
Inc42
·
1y ago
Medial
The Indian government is focusing on developing a low-carbon economy, with the growth of electric vehicles (EVs) as a key component. However, there are challenges in the EV industry, including the reliance on imported components. The Ministry of Heavy Industries (MHI) recently revoked subsidies offered to EV manufacturers who were found to have imported a significant portion of their components. This decision has affected thousands of people, including vendors and dealerships. Despite this setback, the government remains committed to promoting domestic manufacturing of EVs through schemes like FAME and EMPS.
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Explained: Why Amazon and Flipkart are under the scanner for non-certified products
Economic Times
·
4m ago
Medial
The Bureau of Indian Standards (BIS) raided Amazon and Flipkart warehouses in Lucknow, Gurugram, and Delhi, uncovering non-certified products like toys and electronics lacking mandatory BIS certification. Notices were issued to major e-commerce platforms, mandating the sale of certified items. Non-certified products pose safety risks as they aren't independently tested. Companies face penalties up to ten times product value or imprisonment under the BIS Act. Amazon stated adherence to laws and proactive safety measures.
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