- motoring
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BYD Eyes a large chunk of Indian electric passenger vehicle market
- by Bhushan Mhapralkar
- August 25, 2022
Inaugurating its first vehicle showroom at Kochi in Kerala, BYD India Private Limited (BYD India) is slowly and surely entrenching itself into the Indian electric passenger vehicle space. As it does so, it is eying a big chunk of the growing electric passenger vehicle market. In what is expected as a market place that will spearhead a shift to alternate fuel vehicles in the mid- to long-term, BYD India, a subsidiary of China-based BYD company that specialises in the manufacture of electric buses and passenger vehicles, is looking at getting closer to its target customers by offering the BYD electric MPV and e6.
Managed by EVM Southcoast in Kochi, the BYD India dealership will facilitate automotive consumers and buyers to seek one of the best electric vehicles available in the market, according to Sanjay Gopalakrishnan, Senior Vice President – Electric Passenger Vehicle Business, BYD India. “Starting from Kochi, we are getting closer to our target customers and are delighted to inaugurate our first showroom in the country with EVM Southcoast. We hope that our customised products and service will spur and accelerate green initiatives in the region,” he added.
Of the opinion that Kochi is the most densely populated city of Kerala and is also known as the financial, commercial and industrial capital of the state, Shrirang Joshi, National Sales Head – Electric Passenger Vehicles Business, BYD India, mentioned, “Kochi has immense potential for premium passenger cars and we strongly believe that BYD will be the main contributor to EV adoption in the EPV segments in Kerala.” Spreading its wings in the Indian market with a careful study of which products will appeal and which markets are likely to accept them sooner than later, BYD India as the subsidiary of Warren Buffet-backed Chinese electric vehicle manufacturer that overtook Tesla this year is confident that it will find a way to be among the leading electric vehicle manufacturers in the country.
It is no secret that BYD as a brand is already gathered an amount of visibility in India. The electric buses it produces in India in collaboration with Olectra are a common sight on Indian roads – in cities especially where they form a part of the fleet of STUs. Electric buses made by Olectra-BYD (this company is surprisingly claimed to have connection whatsoever with BYD India) are also found with some inter-city operators – public and private. These e-buses also reflect the fact that BYD is not new to this market as has already done its homework.
The Chinese company has already gained a good insight into the factors that are driving the shift to electric vehicles. Claimed to be working on a plan to build its own manufacturing facility at Sriperambudur near Chennai, BYD, it is certain has done its calculation. It has learnt from the competition it has in the electric bus space in the country. With years of experience and knowledge in the manufacture of electric vehicles as diverse as buses and passenger vehicles, it is slowly and surely moving forward in a market place that saw the homegrown Mahindra & Mahindra unveiled an electric version of its XUV700 SUV among a few other exciting electric passenger vehicles recently. Currently, it is MG Motors and Tata Motors that are having a good hold in the electric passenger market in India.
Expected to participate in the upcoming Auto Expo to highlight its commitment towards the Indian market, BYD India plans to sell about 1000 electric vehicles. These, it is said, will be assembled locally in line with the government policies in place for EVs and to take advantage of the PLI scheme, which provides a distinct advantage to those who manufacture locally and leverage the local supply chain.
- Montra Electric
- Tube Investment of India
- TII
- Murugappa Group
- electric vehicle
- electric Small Commercial Vehicle
- e-SCV
- Vellayan Subbiah
- TIVOLT Electric Vehicles
- TI Clean Mobility
Murugappa Group’s TIVOLT Electric Vehicles set to launch e SCV under Montra Electric brand
- by MT Bureau
- May 13, 2024
TIVOLT Electric Vehicles, part of Murugappa Group and a subsidiary of TI Clean Mobility, is gearing up to launch an e-Small Commercial Vehicle (e-SCV).
Once launched, the vehicle is expected to bring about a significant change in India's mid-mile and last-mile mobility sectors, thanks to its cutting edge technology, distinctive design, strong performance, and durable build quality. The company says the development of the e- SCV will be a culmination of extensive research and rigorous testing.
Founded in February 2022 as a subsidiary of Tube Investments of India (TI), TICMPL is foussing on clean mobility solutions. With the inclusion of e-SCVs as its fourth EV platform, TICMPL is now positioned to offer complete mobility solutions to enterprises and logistics companies, serving their needs across intercity, intracity, and last-mile applications.
Vellayan Subbiah, Executive Vice Chairman, TII said “Montra Electric represents our commitment to enhancing life through eco-friendly mobility solutions, ushering in a new era of growth and innovation for us. The electric vehicle industry is experiencing an exciting phase of development, not only in India but globally as well. We have dedicated our top resources and time to develop this product, and we are looking forward to the customer response upon its launch in the coming months. At Montra Electric, our goal is to offer products and solutions that are beneficial for both our customers and our business, ensuring practicality and sustainability.”
He further stated that India is poised to lead the global adoption of electric vehicles, second only to China.
“TICMPL is making impressive strides in the electric vehicle sector with a substantial commitment of INR 3,000 crore. Currently, we are developing four platforms, including the successful MHCV truck and electric three-wheeler already in the market. What excites me the most is our upcoming Small Commercial Vehicle (SCV) platform. SCV represents the largest category in the commercial vehicle segment, making our entry into this arena particularly thrilling. This segment is primed to adopt EVs swiftly, supported by policies, government initiatives, and increasing adoption rates. Our dedication to becoming the foremost player in this segment in India is unwavering. The TIVOLT e-SCV is poised to be a standout product, a definite winner in the market,” concluded Vellayan Subbiah.
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Add Comment- Mahindra Last Mile Mobility
Mahindra Last Mile Mobility Sets Up Three-Wheeler EV Charging Stations In Mumbai Suburbs
- by MT News
- February 22, 2023
Mahindra Last Mile Mobility (LMM), a division of the Mahindra & Mahindra Group, has set up several charging stations near autorickshaw stands, auto driver home clusters and junctions. LMM has done this through strategic charging vendors. The division has done so to boost EV penetration in Mumbai and its suburbs.
Chargers have also been installed at Mahindra outlets and Mahindra Mitra Technician spots wherein customers can charge their three-wheelers. The charging points have been positioned in strategic locations like Malad, Kandivali, Mira Road, Navi Mumbai, Vasai, Virar, Andheri and so on. This is an ongoing process and the Mahindra team, along with key stakeholders, has identified additional charging spots in and around Mumbai and with due approvals, will commence work. The auto driver partners, too, have been notified of these additional charging points.
In addition to this, more than 60 mechanics have been trained by LMM’s service personnel to handle Mahindra three-wheeler EVs.
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Six robust DC fast EV charging stations have been installed at Terminal 1 and Terminal 2 of Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA). They are available for service as Public Charging Stations (PCS) for passengers as well as guests visiting the airport.
The EV station at Terminal 1 is at P1 - Multi-level Car Parking (MLCP). At Terminal 2, it is at P5 – MLCP. There is another station at the Airside of Terminal 2 as well. The owners of private EVs and commuters who will avail of the charging stations at MLCP in either terminals will be billed only for the charging sessions. They will be given a deduction against the parking fees.
Adhering to all the requirements, policies and protocols outlined by the regulators, the charging stations at either terminal of CSMIA are of the CCS Type II Dual Gun 60 kW and GB/T (DC 001) Dual Gun 40 kW Charger type and compatible with all the prevailing EV cars in the country. There would be augmentation of 60 kW and 240 kW capacity EV chargers to cater to the needs of Airside logistics.
CSMIA runs on 100 percent renewable energy with its onsite solar power plant, Vertical Axis Wind Turbine (VAWT) and procures green power. For EV charging, the airport will source 100 percent green power, according to sources in the know of the development.
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Add Comment- BluSmart
- Mahendra Singh Dhoni
- MS Dhoni
- Cricket
- Sumant Sinha
- Sameer Tirkar
- responsAbility Investments
- Punit Goyal
BluSmart raises INR 2 billion in pre-Series B Round
- by MT Bureau
- July 15, 2024
BluSmart, a leading electric vehicle cab service and EV charging infrastructure network company, has raised $24 million (INR 2 billion) in pre-Series B funding round.
The company saw investment from responsAbility Investments (a leading impact asset manager); Sumant Sinha (a leading player in the Renewable Energy sector); MS Dhoni Family Office (former Indian cricket team captain); existing investors and BluSmart founders.
The funding the company says will be deployed to expand its operations in India, as well as grow its EV charging infrastructure and assets.
Interestingly, the company claims it has grown its fleet of 70 electric vehicles in January 2019 to 7,500 EVs plying across Delhi NCR and Bengaluru. Its EVs have clocked over half a billion (500+ million) electric kms and delivered over 16 million electric trips saving nearly 40 million kgs of CO2 emissions since launch. The company has over 9,800 driver partners and also operates one of the largest EV charging infrastructure with 50 EV Charging Hubs spread across 2 million sqft.
BluSmart states it recently crossed INR 5.5 billion ARR ($65 million Annual Revenue Run-rate).
Punit Goyal, Co-Founder, BluSmart said, “BluSmart is building an integrated energy-infrastructure, mobility and technology company to take the full advantage of the EV revolution. Our latest fundraise of $24 million is an important step in our journey to scale the e-mobility fleet and EV Charging Infrastructure.”
Sameer Tirkar, Head of Climate Infrastructure Investments APAC at responsAbility Investments AG said, “We are happy to continue our partnership with BluSmart through our second round of funding. BluSmart has been able to lead the way in building from the grounds up an entire EV ecosystem to disrupt the conventional modes of commute without compromising on reliability and convenience. We believe in their vision and capabilities in creating positive environmental and social impact by reducing carbon emissions in urban transportation.”
Sumant Sinha said, “The future of mobility is electric, and e-mobility is a crucial step in making the shift to cleaner, emissions-free transportation. India’s growing economy and favourable policies provide ample impetus to this transition. I am excited to partner with BluSmart in their growth journey.”
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