As India grapples with the coronavirus pandemic, there has been an evident slowdown in the Indian electric vehicle (EV) industry as well. This week, there has been very limited development in the electric mobility segment as the country’s focus has shifted to keeping its citizens safe from Covid-19.
But the EV industry is quietly going about its work even though supply chains from China have been impacted. Bengaluru-based electric vehicle (EV) fleet provider Lithium Urban Technologies partnered with renewable energy solutions provider Fourth Partner Energy to build a charging infrastructure across the country.
The companies have formed a joint venture called Shuchi Anant Virya, which unveiled its first charging station in Gurugram. The charging station has the capacity to charge over 25-30 EVs simultaneously. To add to this, Fourth Partner Energy will also provide both onsite and offsite solar solutions to power the charging stations.
“The global transition to electric mobility can be considered truly green only when the increased demand for energy is met by clean, renewable sources – Shuchi was formed to address this opportunity,” Vivek Subramanian, cofounder and ED at Fourth Partner Energy, said.
Chart of the week: EV Investments
When it comes to VC investments, the electric vehicle sector has grown immensely in the past few years with exponential growth in the past year alone.
EV News From India
HP Petrol Pumps Get EV Chargers
Hindustan Petroleum-backed Magenta Power is planning to introduce smart street lamps, which will be integrated with an EV charger system at the petrol stations. The company is planning to set up the chargers, ChargeGrid Flare, by April 2020.
Hyundai To Launch First India-Made SUV In 2022
South Korean car manufacturers Hyundai’s CEO & MD Seon Seob Kim announced that the company will be launching its first locally produced electric sports utility vehicle (SUV) in India by 2020. The vehicle can be exported to other markets as well if it fits the requirements.
Dive Into EV Ecosystem With Inc42’s Reading List
Can India’s Current Engineering, Tech Courses Cope With EV Skills Demand?
India is taking a big leaf out of the Chinese playbook with the EV industry’s cautious yet focussed approach as well as the huge push from the government side. While the current focus of the government and industry has been towards charging infrastructure, battery and cell development, policy creation, incentives and financing, the one thing the EV industry in India is missing is skill development.
Over the years, the auto components and parts import in India is increasing which is not a good sign for India automotive industry to revive back from the recent slowdown. The India automotive industry which accounted for 7.1% of the country’s GDP and 49% of total manufacturing output, should focus on developing major auto parts and components in India.
The Road To Green: What Makes Electric Vehicle Adoption A Challenge For India
India is one of the major consumer markets in the world today. According to a World Economic Forum report, it is poised to become the world’s third-largest consumer market by 2030, with consumer spending growing to $6 Tn, from $1.5 Tn in 2018. Yet, Indian cities are far from being counted among the EV capitals around the globe today. Why so?
Ultraviolette Automotive On Busting The ‘Slow And Boring’ Myth Around Electric Bikes
Creator of the F77, which is claimed to be India’s first high-performance electric motorcycle, Ultraviolette Automotive was founded in 2015 by Narayan Subramaniam and Niraj Rajmohan. The company envisions to create top-of-the-line electric mobility solutions, driven by progressive design.
The F77 is centred around high-speed performance rather than mileage efficiency, thanks to advanced engineering simulations and multi-level safety systems and features such as remote diagnostics, over-the-air (OTA) efficiency upgrades, regenerative braking to conserve power, multiple ride modes, besides the more commonplace features such as bike tracking and ride diagnostics.
EV Headlines From Around The World
Australia To Launch First EV Subscription Service
Australia-based software startup Blinker is planning to launch a new subscription service in Australia to try out EVs in the country. With this, the users will be able to drive EVs without worrying about the high upfront cost and have a first-hand experience of owning an electric vehicle.
Tesla Begins Shipping Model Y 6 Months Earlier
Tesla, which announced its new Model Y crossover EV last year, has already started shipping and delivering six months ahead of the schedule. The Model Y is a tweaked up version of Tesla’s Model 3.