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Hindustan Times
41 minutes ago
- Hindustan Times
Youdha launches EPOD Electric three-wheeler, Sets ₹1,000 crore revenue target by 2030
₹1,000 crore revenue target by 2030 data-item-target-url=/auto/news/ data-item-story-segment=Others> The EPOD has a 6 kW electric motor producing 50 Nm of torque and an 11.8 kWh lithium iron phosphate (LFP) battery. Notify me Electric mobility firm Youdha, in partnership with Lohia Auto, has rolled out its first product, the EPOD, in the L5 electric passenger three-wheeler segment in India. The firm aims to reach revenue of ₹ 1,000 crore by 2030 as part of its long-term vision to expand in the commercial electric vehicle market. Focus on the L5 commercial EV market The L5 segment includes electric three-wheelers that carry passengers and are approved for road use. This segment is a major growth market due to a combination of rising fuel costs, demand for last-mile mobility, and government-based programs to incentivize EV penetration. Youdha's EPOD has been launched as part of this broad transition, and its focus is equally towards urban and semi-urban markets. Technical specifications and range The EPOD has a 6 kW electric motor producing 50 Nm of torque and an 11.8 kWh lithium iron phosphate (LFP) battery. The vehicle has a certified range of 227 km on a charge, according to prevailing test procedures. It has dual driving modes, City and Boost, as well as a 300 mm water-wading capability, designed to enhance usability in varying conditions of driving. Production and rollout plan The manufacturing unit of Youdha, located at Kashipur, will produce the EPOD, with an annual capacity of 1,00,000. The company will distribute the EPOD first in Uttar Pradesh, Bihar, and Assam, and target these states because of their high usage of three-wheel vehicles and growing interest for EV induction. A phased rollout across the country is to happen subsequently. Brand positioning and expansion plans Youdha, as a new brand, leverages the operational strength of Lohia Auto, a very early EV manufacturer in India. The launch of EPOD represents a transition from previous e-rickshaw-centric business to more mainstream electric vehicle products. The firm has signaled that it would venture into other product segments, such as electric cargo variants, and invest in manufacturing scale-up and after-sales support infrastructure. In addition to its product strategy, the company is endeavoring to create a larger network of retailers and services to help drive adoption throughout India. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 18 Jul 2025, 01:06 am IST
Time of India
an hour ago
- Time of India
Nitish's power sop: 125 units free to all houses
Bihar CM Nitish Kumar (File photo) PATNA: Bihar CM Nitish Kumar announced Thursday 125 units of free electricity, unwrapping a potential no-bill bonanza ahead of assembly polls for an estimated 91% of households which consume less than the threshold. The move follows promises of 200 units of free electricity by rival and former deputy CM Tejashwi Yadav of RJD, which leads opposition INDIA bloc in the state. Nitish made the announcement through his official social media handle. 'All domestic consumers will get 100% subsidy on 125 units of power from Aug 1... It will benefit 1.67 crore families,' he said. Bihar has around 1.82 crore power consumers, deputy CM Samrat Choudhary of BJP revealed at a press conference later. 'Among these households, an estimated 1.67 crore (91%) are known to consume less than 125 units. They will enjoy a golden time as a result of the CM's announcement,' he said. As per the deputy CM, the benefits will cost the state an additional Rs 3,000 crore. 'So far, govt has been bearing an annual expenditure of about Rs 16,000 crore for power subsidy. The new scheme will raise the amount to more than Rs 19,000 crore,' said Choudhary, who is also the state's finance minister. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas in Dubai | Search Ads Get Info Undo To mitigate the financial impact of free power, Nitish announced that govt will promote solar energy through two schemes where a 50% central subsidy was provided for rooftop solar panels and associated equipment. Choudhary said the state intended to achieve a target of 10,000MW solar power in next three years, tapping PM's Surya Ghar Yojana. Reminded about NDA's earlier stand of 'no freebies', Choudhary said 'we are not using the word free (muft). It is a 100% subsidy.' (With PTI inputs)
Indian Express
an hour ago
- Indian Express
Cash-based, unregistered trade under GST scrutiny
With multiple instances of high UPI and cash-based transactions from unregistered small businesses and service providers being recorded, central and state Goods and Services Tax (GST) authorities are learnt to have reached out to payment aggregators, seeking data of those who received payments exceeding Rs 20 lakh per year. While some states like Karnataka have sent a spate of notices to such unregistered vendors and small businesses, other states are also in the process of sending similar notices, sources said. While many states are undertaking their own data analysis on cash-based and unregistered trade, central GST authorities have asked their field officers to identify sectors that are prone to cash transactions, conduct a geographical mapping to identify specific markets for informal economic activity, and undertake targeted outreach programmes to engage with local business associations and nudge them to register under GST. A missive sent by central GST authorities to its field officers on June 24 noted that a part of the economic activity still continues to operate outside the formal tax framework, particularly in sectors and markets where cash transactions dominate. After the missive, central GST officials in several zones are learnt to have sought data from payment platforms to identify the unregistered GST businesses that are eligible to be brought in the taxation net. However, no notice has been sent yet from the central GST authorities, a source said. 'Cash-based transactions and unregistered trade are under enhanced scrutiny. GST officers have reached out to UPI payment platforms to get data from the recipient's side where they have received funds exceeding the GST registration limit, say, Rs 20 lakh for service providers. Such data is now going to be analysed and notices will be sent to these businesses who are either unregistered or are paying unrealistically low GST, even if they are registered,' a source told The Indian Express. The central GST officers in the field have been asked to submit the list of sectors identified for cash-prone transactions and the specific markets for informal economic activity along with details about outreach programmes by July 15. They have also been asked to provide the number and percentage of taxpayers that paid tax in cash of less than Rs 5,000 in the financial year 2024-25. The GST authorities are undertaking data analysis to identify taxpayers with disproportionately low tax paid in cash in previous financial years, especially in areas with large informal markets and high cash transactions. 'There is a possibility of tax evasion as it appears that these taxpayers are showing unrealistically low value addition which is not possible except in cases involving inverted duty structure,' an official said. The heightened scrutiny and the spate of recent notices to small businesses have had a fallout — many small vendors are now refusing to take UPI payments for fear of being tracked by the tax authorities. Smaller businesses are under greater scrutiny of the GST authorities as most stay unregistered, sources said. The authorities have directed integration of these informal segments into the GST system, underlining the need for a systematic and targeted approach. The attempt is to nudge these taxpayers towards the formal economy, and bring those in the informal economy under the ambit of the indirect tax regime. Formalising the informal economy and expanding the taxpayer base are critical steps toward enhancing revenue collection, ensuring a level playing field for all businesses, and promoting long-term economic growth, the directive to the field officers stated. GST registration is mandatorily required if small businesses have all-India aggregate turnover above Rs 40 lakh in case of supply of goods (Rs 20 lakh if business is in the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikkim, Telangana, Tripura and Uttarakhand) and Rs 20 lakh in case of supply of services or in case of mixed supplies (Rs 10 lakh if business is in states of Manipur, Mizoram, Nagaland and Tripura). State and central GST authorities are also focused on expanding the tax base and hence, have been directed to take action in market segments where they have not taken any enforcement action earlier. For instance, smaller businesses engaged in building interiors, furniture suppliers, food services will face closer scrutiny from GST authorities, sources said. A perceptible slowdown in GST revenues has become a key concern for central and state governments, especially ahead of a major proposed overhaul in the indirect tax regime. Any major tweak in the tax slabs and rates will need careful consideration on the revenue front and therefore, such measures for an expansion of the tax base have gained importance, an official said. Aanchal Magazine is Senior Assistant Editor with The Indian Express and reports on the macro economy and fiscal policy, with a special focus on economic science, labour trends, taxation and revenue metrics. With over 13 years of newsroom experience, she has also reported in detail on macroeconomic data such as trends and policy actions related to inflation, GDP growth and fiscal arithmetic. Interested in the history of her homeland, Kashmir, she likes to read about its culture and tradition in her spare time, along with trying to map the journeys of displacement from there. ... Read More
