- tamil nadu
- chennai
- ev
- hub
Chennai EV Capital of India, Says Hans Raj Verma
- by MT Bureau
- June 24, 2022
The Tamil Nadu Technology Development & Promotion Centre of Confederation of Indian Industry (CII) organised the EV Summit 2022 with the theme “Indigenization of EV Supply Chain in India”.
Hans Raj Verma, IAS, Chairman & Managing Director, Tamil Nadu Industrial Investment Corporation Ltd, Government of Tamil Nadu, said, “The Hon’ble Chief Minister of Tamil Nadu has a vision to make Tamil Nadu a $1 trillion economy by 2030 and this can be made possible with the much-needed EV push. Tamil Nadu is a very vibrant economy and Chennai is the EV Capital of India apart from being called the Detroit of Asia. The government welcomes EV companies to set shop and we are willing to assist them in every possible way.”
Tamil Nadu has two auto and electronic industrial clusters complimenting and supporting each other, a press release said. One of the clusters – the Sriperumbudur cluster has majors such as
Hyundai and Foxconn while the second being the emerging Hosur-Krishnagiri-Dharmapuri cluster with players like Ola, Ather, and more establishing their presence.
Rajesh Kumar Pathak IP & TAFS, Secretary, Technology Development Board, Department of Science & Technology, Government of India, said, “The Technology Development Board is looking to fund and support disruptive technology including the EV Space. We welcome startups including startups in the EV domain to share their proposals as the INR 1000 crore Private-Public Partnership model for funding startups which would be launched shortly.”
He further said that the EV Summit was organised in the backdrop of the Government of India push to enhance national energy security, mitigate adverse environmental impacts from road transport vehicles and boost domestic manufacturing capabilities for electric vehicles.
Additionally, with the Phase-II of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme to stimulate the market of EVs in the country, de-licensed the charging infrastructure business and specified guidelines and standards for charging infrastructure for electric vehicle thereby opening up the market of public charging infrastructure & ensuring a roadmap for development of charging infrastructure, and introduced various financial incentives to reduce upfront cost of EVs and charging infrastructure.
Mahesh Babu, Chairman - EV Summit and Director & Chief Executive Officer, Switch Mobility, said, “The Indian EV Industry has seen a fundamental transformation in the past decade and it is very critical for India to further transform in the coming decades. The current outlook for EVs is optimistic as the sector has seen the evolution of several trends that that are defining the growth of EVs.
EV adoption can be seen across different vehicle segments as well as different business segments. The electrification of vehicles has started gaining momentum and has opened new mobility avenues for India to tap into. India is all set to position itself as one of the leading marketplaces for Electric Vehicles (EVS)”.
Dr V Sumantran, Board of Director, Switch Mobility, said, “India is a very different market when compared to other countries. It has been repeatedly seen in many domains and will be seen in the EV space too. The potential for EV in the two-wheeler market should be tapped further as Indians use more of two wheelers compared to other vehicles. To build a stronger ecosystem, companies should talk to each other, resulting in an exchange of ideas. A consortia should be formed to help the domain grow at a faster pace.”
The Indian automobile industry is the fifth largest in the world and is expected to become the third largest by 2030. As per India Energy Storage Alliance (IESA), the Indian EV industry is expected to expand at a CAGR of 36 per cent while NITI Aayog aims to achieve EV sales penetration of 70 per cent for all commercial cars, 30 per cent for private cars, 40 per cent for buses and 80 per cent for two and three-wheelers by 2030.
Prideep Kumar, Assistant Vice President, Caresoft Global, said, “The key influencers for the Indian EV market to grow is the Range, Technology, Design Disruptions and Profit.”
P Ravichandran, Former Chairman, CII Tamil Nadu & President, Danfoss Industries, said, “Tamil Nadu should find its own space in the EV space even as the TN Government is keen to strengthen the EV industry while launching major schemes to promote indigenization of supply chain.” (MT)
- 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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