<a href="https://www.wionews.com/business-economy/tesla-suffer-mishap-during-launch-of-electric-cybertruck-263848">Tesla Inc</a> Chief Executive Officer Elon Musk<a> </a>indicated in a tweet on Sunday that the electric carmaker received 200,000 orders for its electric pickup truck within three days of its launch.

<a href="https://www.wionews.com/business-economy/tesla-cybertruck-orders-near-150000-just-days-after-chaotic-lau">Musk</a>, who has been regularly tweeting about the Cybertruck's features since its launch late Thursday, has also been updating his followers with the number of orders the company has received.

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200k
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1198788116372344832?ref_src=twsrc%5Etfw">November 25, 2019</a></blockquote>
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In an earlier tweet, Musk said the company had received 146,000 orders for <a href="https://www.wionews.com/videos/built-for-bullets-smashed-by-a-ball-look-at-tesla-cybertrucks-epic-fail-moment-263864">Cybertruck</a> and tweeted again on Sunday saying "200K" - an apparent reference to the number of orders.

Watch Video:

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The company's website shows that an immediate payment of $100 is required to reserve an order for the Cybertruck, which has a starting price of $39,900.

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Cybertruck is our last product unveil for a while, but there will be some (mostly) unexpected technology announcements next year
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1198723473708699648?ref_src=twsrc%5Etfw">November 24, 2019</a></blockquote>
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The launch of its futuristic pickup on Thursday suffered a setback when the electric vehicle's "armored glass" windows shattered in a much-anticipated unveiling. The overall look of the electric vehicle had worried Wall Street on Friday, driving the automaker's shares to close 6.1 per cent&nbsp;lower.

During the launch, Musk had taken aim at the design, power, and durability of mainstream trucks, only to be shaken when he boasts about his new vehicle's windows backfired.

Separately, Musk said the Cybertruck is Tesla's last product unveil for a while.

Tesla plans to start manufacturing the Cybertruck around late-2021.

Tesla Inc Chief Executive Officer Elon Musk indicated in a tweet on Sunday that the electric carmaker received 200,000 orders for its electric pickup truck within three days of its launch.

Tesla Inc Chief Executive Officer Elon Musk indicated in a tweet on Sunday that the electric carmaker received 200,000 orders for its electric pickup truck within three days of its launch. Musk, who has been regularly tweeting about the Cybertruck's features since its launch late Thursday, has also been updating his followers with the number of orders the company has received. 200k — Elon Musk (@elonmusk) November 25, 2019 × In an earlier tweet, Musk said the company had received 146,000 orders for Cybertruck and tweeted again on Sunday saying "200K" - an apparent reference to the number of orders. Watch Video: The company's website shows that an immediate payment of $100 is required to reserve an order for the Cybertruck, which has a starting price of $39,900. Cybertruck is our last product unveil for a while, but there will be some (mostly) unexpected technology announcements next year — Elon Musk (@elonmusk) November 24, 2019 × The launch of its futuristic pickup on Thursday suffered a setback when the electric vehicle's "armored glass" windows shattered in a much-anticipated unveiling. The overall look of the electric vehicle had worried Wall Street on Friday, driving the automaker's shares to close 6.1 per cent lower. During the launch, Musk had taken aim at the design, power, and durability of mainstream trucks, only to be shaken when he boasts about his new vehicle's windows backfired. Separately, Musk said the Cybertruck is Tesla's last product unveil for a while. Tesla plans to start manufacturing the Cybertruck around late-2021.

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India's minister of road transport and highways, <a href="https://www.wionews.com/india-news/we-are-encouraging-e-vehicles-by-reducing-gst-says-nitin-gadkari-at-wions-emobility-summit-253008">Nitin Gadkari, speaking at WION's</a> EMobility Summit said that the government is dedicated to developing an import substitute, cost-effective, pollution-free and indigenous fuel option.

Here are the Excerpts from WION's EMobility Summit:

Nitin Gadkari: There should be coordination <a href="https://www.wionews.com/india-news/looking-for-integrated-approach-to-solve-problems-says-nitin-gadkari-at-wions-emobility-summit-253033">between the manufacturer</a> and the charging station companies. New technology comes every day, and the updation continues. What we have is according to our standards and Niti Ayog worked on it. We have a testing centre in Pune and we follow the technologies which are most successful in the world. This technology is its&nbsp;infancy&nbsp;and through the transit period, we will get the solution of these problems.

Naveen Munjal, Managing Director at Hero Electric: The Faster Adoption and Manufacturing of Electric Vehicles in India (FAME2 Scheme) has become a complete disaster for Electric vehicle industry because the government&nbsp;has determined that you have to have certain range and speed of the vehicle in order to qualify for FAME2.&nbsp;&nbsp;Worldwide countries are trying to reduce the speed of vehicles and India is going another way around and for more range and speed we need more batteries and due to that promotion government gives you more subsidy if you use more batteries. We want this FAME2 to be changed.

The second thing&nbsp;is localisation, "Make in India"&nbsp;should be in phases. Due to the lack of battery manufacturing and other technology,&nbsp;it's tough to create volume.

Watch Video:

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Nitin Gadkari: This is a transit period when&nbsp;businesses face&nbsp;obstacles. Once the EVs&nbsp;are&nbsp;fully operational in India then the subsidiary infrastructure will develop itself.&nbsp;

First, make a product, then the volume will appear. Without production, even god can't assure volume.

Three departments deal with it, the subsidy department is with heavy industries, rules and regulation are with the transport department and Neeti Ayog is taking interest in it. The Niti Ayog should be consulted. Both our&nbsp;ministery and the Niti Ayog&nbsp;will help you and they will resolve your problems.

This is very clear that the country will develop an import substitute, cost-effective, pollution-free and indigenous fuel option.

Pankaj Gupta, Managing Director of Polaris India Pvt Ltd: Sir, you said that we have a deficit of Rs 7 lakh crores because of fossil fuels. If we focus on electric, we know that China has established full control over lithium, so that is why China is taking full benefit of it. Happy to hear that we're opening a new research centre. In Vedic Shashtra, we hear of Viman Shastra, could we research on the fuel used by these aircraft?

Nitin Gadkari: This is my passion and I have been working on this for the past 12 years. I recycled the toilet water in my city seven&nbsp;years ago for Rs 180 crores. That was my brain project. The 650-ton sludge from that water, along with fish and organic waste from fruit and vegetable market.

From that we take out the methane, separate the CO2, and on that bio CNG, we are going to run 400 buses, 150 cars, and 100 trucks in Nagpur. I will inaugurate this project in a month or two.

We have already converted 80 buses. Then I will run tractors on it. Since I work on green power, I went to Mother Dairy and brought Napier grass for fodder.

One day I told my engineer that this Napier grass should be tested because there are two hundred tons of it on 1 acre. I asked him to take out its calorific value. When there was 60 per cent moisture, and if we dry it for one day, the moisture will reduce to 40 per cent. Now, I have decided to make six districts diesel-free.&nbsp;

I'm a man of my word. I bought cutting machines from 5-6 companies and making it compact is really hard, and four days later I supplied it for making green power.

There is 4000-ton coal with a calorific value of 3600, so if we get Napier grass for Rs 2500 a ton, and if we use that then farmers will get cheaper fuel. In a 2 acre field, a farmer will earn Rs 2 lakhs. I'm going to put 200 Napier grass into the biodigester.

Then the IIT people told me that 3 ton of Napier grass is giving 1 ton of bioenergy. One kilo bio CNG costs Rs 55, its calorific value is equal to one litre of diesel and it costs Rs 85.

Our Corporation's yearly loss adds up to Rs 6 crores and I have challenged that in one year we cannot incur losses. New innovations deserve to be shown. I had been talking about ethanol for 12 years and people used to laugh at me, but now everybody is talking about ethanol. But the costs will skyrocket from Rs 4500-5000 crores to 50000 crores. This established the ethanol industry, and now we have moved on to biodiesel.

I give the diesel to my farmers for Rs 5 cheaper per litre which can be used for energy towers attached to generators, then came bio CNG. I have built 150 biodigesters along the Ganga, and I gave them to petroleum companies for free, prepare bioenergy and run transportation with it. Why import when we can do it ourself, and the pollution level will also go down. Based on my experience I have decided to free six big districts of diesel in five years.

I called Uttar Pradesh chief minister Yogi Adityanath&nbsp;to our agro-vision and we powered a tractor with bio CNG, we bought a cylinder which had a high import duty because of its weight, so too many problems with it. Nobody gives as many headaches as me to the Petrol ministry, I keep asking them, "why haven't you done this?"&nbsp;

I feel farmers will really benefit from it. If Rs 2 lakh crore goes into the economy, imagine the number of jobs that will sprout.

Poverty will also be alleviated.&nbsp;The MDs of Bajaj and TVS are very young. I told them that I will&nbsp;work with them on only one condition - that you will launch ethanol bikes and auto-rickshaws, and they both did it.

Sudarshan Venu of TVS did a really good job. I was the one who launched their bike. I believe that the word "impossible" itself says "it's&nbsp;possible".

I speak out of the box and that is why many don't believe me. Five years from now, all of you will also begin to believe me. It will take some time but we should pursue it.

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India's minister of road transport and highways, Nitin Gadkari, speaking at WION's EMobility Summit said that the government is dedicated to developing an import substitute, cost-effective, pollution-free and indigenous fuel option.

India's minister of road transport and highways, Nitin Gadkari, speaking at WION's EMobility Summit said that the government is dedicated to developing an import substitute, cost-effective, pollution-free and indigenous fuel option. Here are the Excerpts from WION's EMobility Summit: Nitin Gadkari: There should be coordination between the manufacturer and the charging station companies. New technology comes every day, and the updation continues. What we have is according to our standards and Niti Ayog worked on it. We have a testing centre in Pune and we follow the technologies which are most successful in the world. This technology is its infancy and through the transit period, we will get the solution of these problems. Naveen Munjal, Managing Director at Hero Electric: The Faster Adoption and Manufacturing of Electric Vehicles in India (FAME2 Scheme) has become a complete disaster for Electric vehicle industry because the government has determined that you have to have certain range and speed of the vehicle in order to qualify for FAME2. Worldwide countries are trying to reduce the speed of vehicles and India is going another way around and for more range and speed we need more batteries and due to that promotion government gives you more subsidy if you use more batteries. We want this FAME2 to be changed. The second thing is localisation, "Make in India" should be in phases. Due to the lack of battery manufacturing and other technology, it's tough to create volume. Watch Video: Nitin Gadkari: This is a transit period when businesses face obstacles. Once the EVs are fully operational in India then the subsidiary infrastructure will develop itself. First, make a product, then the volume will appear. Without production, even god can't assure volume. Three departments deal with it, the subsidy department is with heavy industries, rules and regulation are with the transport department and Neeti Ayog is taking interest in it. The Niti Ayog should be consulted. Both our ministery and the Niti Ayog will help you and they will resolve your problems. This is very clear that the country will develop an import substitute, cost-effective, pollution-free and indigenous fuel option. Pankaj Gupta, Managing Director of Polaris India Pvt Ltd: Sir, you said that we have a deficit of Rs 7 lakh crores because of fossil fuels. If we focus on electric, we know that China has established full control over lithium, so that is why China is taking full benefit of it. Happy to hear that we're opening a new research centre. In Vedic Shashtra, we hear of Viman Shastra, could we research on the fuel used by these aircraft? Nitin Gadkari: This is my passion and I have been working on this for the past 12 years. I recycled the toilet water in my city seven years ago for Rs 180 crores. That was my brain project. The 650-ton sludge from that water, along with fish and organic waste from fruit and vegetable market. From that we take out the methane, separate the CO2, and on that bio CNG, we are going to run 400 buses, 150 cars, and 100 trucks in Nagpur. I will inaugurate this project in a month or two. We have already converted 80 buses. Then I will run tractors on it. Since I work on green power, I went to Mother Dairy and brought Napier grass for fodder. One day I told my engineer that this Napier grass should be tested because there are two hundred tons of it on 1 acre. I asked him to take out its calorific value. When there was 60 per cent moisture, and if we dry it for one day, the moisture will reduce to 40 per cent. Now, I have decided to make six districts diesel-free. I'm a man of my word. I bought cutting machines from 5-6 companies and making it compact is really hard, and four days later I supplied it for making green power. There is 4000-ton coal with a calorific value of 3600, so if we get Napier grass for Rs 2500 a ton, and if we use that then farmers will get cheaper fuel. In a 2 acre field, a farmer will earn Rs 2 lakhs. I'm going to put 200 Napier grass into the biodigester. Then the IIT people told me that 3 ton of Napier grass is giving 1 ton of bioenergy. One kilo bio CNG costs Rs 55, its calorific value is equal to one litre of diesel and it costs Rs 85. Our Corporation's yearly loss adds up to Rs 6 crores and I have challenged that in one year we cannot incur losses. New innovations deserve to be shown. I had been talking about ethanol for 12 years and people used to laugh at me, but now everybody is talking about ethanol. But the costs will skyrocket from Rs 4500-5000 crores to 50000 crores. This established the ethanol industry, and now we have moved on to biodiesel. I give the diesel to my farmers for Rs 5 cheaper per litre which can be used for energy towers attached to generators, then came bio CNG. I have built 150 biodigesters along the Ganga, and I gave them to petroleum companies for free, prepare bioenergy and run transportation with it. Why import when we can do it ourself, and the pollution level will also go down. Based on my experience I have decided to free six big districts of diesel in five years. I called Uttar Pradesh chief minister Yogi Adityanath to our agro-vision and we powered a tractor with bio CNG, we bought a cylinder which had a high import duty because of its weight, so too many problems with it. Nobody gives as many headaches as me to the Petrol ministry, I keep asking them, "why haven't you done this?" I feel farmers will really benefit from it. If Rs 2 lakh crore goes into the economy, imagine the number of jobs that will sprout. Poverty will also be alleviated. The MDs of Bajaj and TVS are very young. I told them that I will work with them on only one condition - that you will launch ethanol bikes and auto-rickshaws, and they both did it. Sudarshan Venu of TVS did a really good job. I was the one who launched their bike. I believe that the word "impossible" itself says "it's possible". I speak out of the box and that is why many don't believe me. Five years from now, all of you will also begin to believe me. It will take some time but we should pursue it.

Once EVs are fully operational in India, then subsidiary infrastructure will also develop: Nitin Gadkari at WION's EMobility Summit

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<a href="https://www.wionews.com/business-economy/stock-markets-close-at-record-high-sensex-surges-553-points-nifty-ends-above-12000-for-first-time-223868">Hero MotoCorp Ltd</a> on Tuesday said it had appointed Rajat Bhargava as head of its newly created 'Emerging Mobility' unit as India's biggest motorcycle manufacturer looks to claim a slice of the country's electric vehicle (EV) market.

The government, in a bid to promote electric automobiles in polluted cities, last week proposed tax waivers on the purchase of EVs and removed import taxes on some auto components to help boost sales.

Reuters reported last month that the country's leading think-tank has proposed electrifying most motorbikes and scooters within the next six to eight years, helping reduce the world's third-biggest emitter of greenhouse gases dependence on fossil fuels.

The hero has created the Emerging Mobility business unit to give an impetus to new mobility trends such as Electric Vehicles, the company said in a statement.

The motorcycle manufacturer also appointed Vikram Kasbekar as its chief technology officer, replacing Markus Braunsperger.

Hero shares were up about 1.5 per cent during mid-day trade on Tuesday.

Hero MotoCorp Ltd on Tuesday said it had appointed Rajat Bhargava as head of its newly created 'Emerging Mobility' unit as India's biggest motorcycle manufacturer looks to claim a slice of the country's electric vehicle (EV) market.

Hero MotoCorp Ltd on Tuesday said it had appointed Rajat Bhargava as head of its newly created 'Emerging Mobility' unit as India's biggest motorcycle manufacturer looks to claim a slice of the country's electric vehicle (EV) market. The government, in a bid to promote electric automobiles in polluted cities, last week proposed tax waivers on the purchase of EVs and removed import taxes on some auto components to help boost sales. Reuters reported last month that the country's leading think-tank has proposed electrifying most motorbikes and scooters within the next six to eight years, helping reduce the world's third-biggest emitter of greenhouse gases dependence on fossil fuels. The hero has created the Emerging Mobility business unit to give an impetus to new mobility trends such as Electric Vehicles, the company said in a statement. The motorcycle manufacturer also appointed Vikram Kasbekar as its chief technology officer, replacing Markus Braunsperger. Hero shares were up about 1.5 per cent during mid-day trade on Tuesday.

Hero MotoCorp names Rajat Bhargava as head of electric vehicle business

South Korean auto major Hyundai Tuesday said automobile manufacturers will need time and proper long-term regulations for introducing electric vehicles (EV) for fleets in India.

The comments have come amid reports that the Indian government plans to make it mandatory for <a href="https://www.wionews.com/business-economy/india-to-order-uber-ola-to-go-electric-by-april-2026-report-224991">taxi aggregators</a> to have 40 per cent of their vehicles to be EVs by 2026.

The company, which is present in India through a wholly-owned subsidiary Hyundai Motor India Ltd (HMIL), also said it is gearing up to introduce its premium electric vehicle Kona, next month, which will be locally assembled at its Chennai plant.

Speaking with reporters here, HMIL Managing Director and CEO S S Kim said while the company is yet to learn officially from the government about EV requirements for cab aggregators like Ola and Uber, if such a thing were to happen, "in terms of timing it will be too fast".

"We do believe it is in the right direction but for the automobile manufacturers we need time to prepare for such transitions," he said. 
Kim further said that more clarity is required on the road map for the conversion of fleets into EVs.

In March, Hyundai Motor Group had announced that it wouldn't invest $300 million in India's ride-hailing service provider Ola. The investment will be jointly made by group firms Hyundai Motor Company and Kia Motors Corporation.

Currently, Hyundai offers its EVs in the premium segment and as per its agreement with Ola, it will supply compact sedan Xcent and hatchback Grandi10.

Last week, a media report said several ministries and Niti Aayog had recommended gradual conversion of fleets of taxi aggregators like Ola and Uber to EVs, targeting 40 per cent of the total, by 2026.

When asked if Hyundai is developing small EVs which could be used by taxi aggregators, Kim said, "We are developing but we need time to come up with more meaningful mobility solutions for India."

Commenting on Hyundai's plans for EVs in India, Kim said the company is looking to bring its premium model Kona next month.

"Kona will bring some change in the Indian market in terms of customer's acceptance of EVs. It will have a long range," he said.

Currently, EVs in India have not been able to gain traction due to the range and driving-related issues besides charging infrastructure constraints, he noted.

Hyundai will provide its Kona customers in India home charging equipment, he added.

The model will be locally assembled from imports of completely knocked down units from Korea, he said adding, "We hope to sell hundreds of units annually in India."

Hyundai has set up a separate assembly line at the Chennai plant as part of its overall $1 billion investment till 2020.

He also said in future if there is demand for EVs in India, Hyundai would consider setting up of battery production in the country, stressing that for a viable business the minimum volume would be around 50,000 units annually for a vehicle like Kona.&nbsp;

South Korean auto major Hyundai Tuesday said automobile manufacturers will need time and proper long-term regulations for introducing electric vehicles (EV) for fleets in India.

South Korean auto major Hyundai Tuesday said automobile manufacturers will need time and proper long-term regulations for introducing electric vehicles (EV) for fleets in India. The comments have come amid reports that the Indian government plans to make it mandatory for taxi aggregators to have 40 per cent of their vehicles to be EVs by 2026. The company, which is present in India through a wholly-owned subsidiary Hyundai Motor India Ltd (HMIL), also said it is gearing up to introduce its premium electric vehicle Kona, next month, which will be locally assembled at its Chennai plant. Speaking with reporters here, HMIL Managing Director and CEO S S Kim said while the company is yet to learn officially from the government about EV requirements for cab aggregators like Ola and Uber, if such a thing were to happen, "in terms of timing it will be too fast". "We do believe it is in the right direction but for the automobile manufacturers we need time to prepare for such transitions," he said. Kim further said that more clarity is required on the road map for the conversion of fleets into EVs. In March, Hyundai Motor Group had announced that it wouldn't invest $300 million in India's ride-hailing service provider Ola. The investment will be jointly made by group firms Hyundai Motor Company and Kia Motors Corporation. Currently, Hyundai offers its EVs in the premium segment and as per its agreement with Ola, it will supply compact sedan Xcent and hatchback Grandi10. Last week, a media report said several ministries and Niti Aayog had recommended gradual conversion of fleets of taxi aggregators like Ola and Uber to EVs, targeting 40 per cent of the total, by 2026. When asked if Hyundai is developing small EVs which could be used by taxi aggregators, Kim said, "We are developing but we need time to come up with more meaningful mobility solutions for India." Commenting on Hyundai's plans for EVs in India, Kim said the company is looking to bring its premium model Kona next month. "Kona will bring some change in the Indian market in terms of customer's acceptance of EVs. It will have a long range," he said. Currently, EVs in India have not been able to gain traction due to the range and driving-related issues besides charging infrastructure constraints, he noted. Hyundai will provide its Kona customers in India home charging equipment, he added. The model will be locally assembled from imports of completely knocked down units from Korea, he said adding, "We hope to sell hundreds of units annually in India." Hyundai has set up a separate assembly line at the Chennai plant as part of its overall $1 billion investment till 2020. He also said in future if there is demand for EVs in India, Hyundai would consider setting up of battery production in the country, stressing that for a viable business the minimum volume would be around 50,000 units annually for a vehicle like Kona.

Long-term regulations required to introduce EVs for fleets in India: Hyundai

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