Electric Vehicles This Week: FAME India Scheme Extends Till September, Ola Announces Mission: Electric And More

Electric Vehicles This Week: FAME India Scheme Extends Till September, Ola Announces Mission: Electric And More

SUMMARY

Important Developments From The World Of Electric Vehicles [12-18 April]

Here is the dope of 9 stories around electric vehicles which circled the global EV ecosystem this past week.

To start with, continuing with its aggressive efforts in the electric vehicle space, Indian Carmaker Mahindra and Mahindra has launched luxury electric car brand Automobili Pininfarina. “To be based in Europe, Automobili Pininfarina will combine Pininfarina’s automotive design prowess with Mahindra’s growing electric vehicle (EV) expertise gained from its participation in the Formula E electric racing car championship,” the company said in a statement.

Pininfarina is the Italian design and engineering house, which Mahindra Group acquired in 2015. The company had set itself a vision of becoming a billion-dollar business by 2020-2021 and eyes a $500 Mn business in next 3-4 years.

Next on, Chinese e-vehicles giant BYD does not get any subsidy in its country, its Indian partner Goldstone Infratech has said, refuting Indian rivals’ claims that they face unfair competition. Additionally, a Goldstone Infratech spokesperson told ET, the company will be able to localise half the components for electric buses being built for India, in the next two years.

Given that so much has been happening in the electric vehicle sector, we bring to you the 21st edition of the weekly EV roundups.

Here Are Some Other Important Developments In The Indian EV Ecosystem This Week

FAME India Scheme Extended Till September 30, 2018

In a notification issued by the Ministry of Heavy Industries and Public Enterprises recently, the government has extended the financial support to electric and hybrid vehicles under the FAME India Scheme till September 30, 2018 or till the launch of Phase-II of the faster adoption and manufacturing of (Hybrid &) Electric Vehicles (FAME) India Scheme, whichever is earlier.

The subsidy amount is yet to be decided. However, the government claimed that it would be sufficient for the next six months. The Phase-I of the FAME India Scheme was initially for two years — FY 2015-16 and FY 2016-17.

Under the scheme, over 150,550 electric and hybrid vehicles were extended the incentive till July 26, 2017. The Fame India Scheme has four focused areas — technology development, demand creation, pilot projects, and charging infrastructure. In the notification, the ministry said that “the extension is deemed to have taken effect on April 1, 2018.”

Ola Bullish On Electric Vehicles, Announces Mission: Electric

Reaffirming its commitment to 1 Mn electric vehicles on road by 2021, Ola has launched ‘Mission: Electric’ to place 10K e-rickshaws and electric auto-rickshaws in its service in the next 12 months.

In an official statement, Ola shared that it will work with driver-partners, cities, vehicle manufacturers, and battery companies to make sustainable technologies cost-effective and viable in daily mobility.

“Three-wheelers are a vital means of transportation and a source of livelihood for millions of people every day. It also represents an immediate opportunity to improve outcomes for all stakeholders while reducing pollution across towns and cities,” said Bhavish Aggarwal, co- founder and CEO of Ola.

No Need For Permission For Electric Vehicle Charging Infra, Power Ministry Clarifies

Addressing the confusions regarding electric vehicle charging infrastructure in India, the ministry of power has finally issued its statement. As stated, companies setting up charging infrastructure for electric vehicles do not require any separate license for electricity transmission, distribution or trading.

The statement reads, “Recently, the issue of charging of batteries of electric vehicles has been deliberated at various forums as to whether or not charging stations would be required to obtain a license under the Act. The charging of battery essentially involves utilisation of electrical energy for its conversion to chemical energy, which gets stored in the battery.”

“Thus, the charging of the battery of an electric vehicle by a charging station involves a service requiring consumption of electricity by the charging station and earning revenue for this purpose from the owner of the vehicle,” the power ministry further stated.

The clarifications came citing the provisions of the Electricity Act 2003, which was brought into force with effect from June 10, 2003. As per section 12 of the act, a license is required for the activities of transmission, distribution or trading in electricity. The matter has been examined in detail in consultation with various stakeholders including the Central Electricity Authority (CEA).

Power Ministry To Provide Electric Vehicles To Several Union Government Departments

The Power Ministry is reportedly in the process of supplying electric vehicles to union government departments. The move, sources stated, will enhance demand for EVs by around 500K units.

The electric cars, as per reports, will be available for leasing as well as purchasing. As part of the initiative, government-run EESL is gearing up to provide the new EVs on lease to different government departments, PSUs and other agencies for a period of six years.

The cars will be procured at a cost of $18,088.6 (INR 11.8 Lakh) per vehicle inclusive of taxes, people in the know revealed.

Originally, in March 2018, reports surfaced that the Indian government was looking to add up to 10,000 electric cars to its fleet. “While our ministry will be getting 500 new electric vehicles (EV) in the next few weeks, various ministries have been asked to replenish their stock of vehicles with electric vehicles,” Union Power Minister R.K. Singh said earlier.

Renault Aims To Make India An EV Components Hub

Renault SA has placed orders for manufacturing electric motors and transmission parts for its electric vehicles with one Indian automotive component manufacturer. The company has plans to make India a manufacturing hub for electric vehicle (EV) components in the long term.

The local unit of the French carmaker is also working on developing EVs for the global market in Chennai, two people aware of the developments said to LiveMint.

This is the first time any global vehicle maker with operations in India has given an order to an Indian company for making parts of EV which will be exported to the European and American countries and also possibly to China. One of the companies that got the contract through a global tender process is Rico Auto Industries Ltd.

Sun Mobility Launches Smart Battery Swap System For EVs

Sun Mobility has launched its global, interoperable smart mobility solution for two and three-wheeler electric vehicles at its new 47,500 sq. ft technology development centre in Bengaluru. The company’s energy infrastructure platform is claimed to be a first of its kind universal architecture solution.

This solution is launched two months after Sun Mobility showcase its smart mobility solution for buses, in partnership with Ashok Leyland at the Auto Expo 2018.

Sun Mobilities’ platform shall be offered in collaboration with multiple OEMs and solution providers and will support a range of new models as retro-fit applications.

Developments All Over The World

Mitsubishi Offers Electric Vehicle Charging Through Dealerships In Japan

Mitsubishi Motors Corporation (MMC) is creating a network of dealerships in Japan which can offer cleaner electric vehicle charging. It will further help stabilise the local electricity supply grid featuring lithium-ion batteries with a capacity of 12kWh, and even provide electricity after a natural disaster or power outage.

MMC already has 28 showrooms throughout Japan which have solar panels and the ability to use an electric vehicle’s battery power as an emergency power source, via a Vehicle-to-Building (V2B) charger.

However the new Omiya “Hyper Energy Station”, opened this week in Saitama City, has also been fitted with its own lithium-ion battery packs to provide substantial power back up to the local electricity grid. This is the fourth private facility and the first automobile dealer to adopt the system.

Future Plant in Japan By Benex & Sumitono To Use Nissan EVs

Japan Benex and Sumitomo will launch what they call their Future Plant project using rooftop solar panels, Nissan electric vehicles and their batteries to power Japan Benex’s headquarters in Isahaya, Japan.

The energy system developed by them combines renewable energy with stationery storage and electric vehicles. Nissan will provide 10 Nissan e-NV200 electric vans for the project.

Both the EVs and stationery batteries will help stabilise output from the solar power system. The Nissan e-NV200s will also be used by Benex employees, and the EV batteries will eventually be recycled and refabricated as components of the energy storage system.

Buick Releases Its E-inspired Models

Buick’s Velite 6 PHEV and the all-electric SUV concept Enspire have made their global debut in Wuzhen, Zhejiang.  The electric SUV is said to drive 600 km on a single charge with two electric motors delivering 410 kW.

The launch is planned to happen in China in 2018. The PHEV is said to perform for a combined fuel consumption of 1.4 liters/100 km, with range given at 700 km. The lithium-ion battery pack will be assembled at the SAIC-GM Power Battery Development Center in Shanghai.

For the Velite EV however, Buick will adopt a new-generation battery-electric drive system but not much more is known of the Velite in its all-electric set up so far.

With FAME India scheme extended to September 30, 2018, certainly, the stakeholders in the Indian EV ecosystem will have taken a sigh of relief. As Ola reaffirms its commitment with Mission: Electric, and Power Ministry allows to set up charging infrastructure for electric vehicles without any separate licence.

Stay tuned for the next edition of our weekly series of Electric Vehicles Roundup!

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Electric Vehicles This Week: FAME India Scheme Extends Till September, Ola Announces Mission: Electric And More-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Electric Vehicles This Week: FAME India Scheme Extends Till September, Ola Announces Mission: Electric And More-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Electric Vehicles This Week: FAME India Scheme Extends Till September, Ola Announces Mission: Electric And More-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Electric Vehicles This Week: FAME India Scheme Extends Till September, Ola Announces Mission: Electric And More-Inc42 Media
Electric Vehicles This Week: FAME India Scheme Extends Till September, Ola Announces Mission: Electric And More-Inc42 Media
You’re in Good company