The way the traction is building in the EV space – it seems that 2022 will be a PIVOTAL Year for the same. OLA has already launched their vehicles with a huge Roar. They went even ahead and urged the entire two-wheeler Industry to go all electric by 2025.
In July approx. 30~35% of all 3-Wheeler sold has been Electric.
With many new models launching / huge investments being announced / many new entrants throwing their hats in the rings – it seems that the EV market will be getting hotter over calendar year – 2022
HERO MOTORS:
- HERO Motors has already installed 1650 charging stations and plans to increase these to 20,000 with in next 2 years.
- Their study reveals that the EV sales increased strongly in areas where they have these stations. This is even when people charge their vehicles at home.
KINETIC GREEN:
- They have sold 30,000 E – Rickshaws till date in Cargo Applications.
- They Plan to invest approx. INR. 300 Cr in next 3~4 Years.
TATA GROUP:
- TATA Motors launched Tigor Sedan in EV this month with following features:
- Sub 10 Lakh Segment
- Warranty for Battery & Motor – 8 Years / 160,000 Kms.
- 0-60 Kms speed in less than 6 SEC.
- Tigor Express T – @ 200 Kms range in single charge.
MURUGAPPA GROUP:
- TUBE INVESTMENT Plans to launch a E – 3-Wheeler by March 2022.
- CARBORUNDUM UNIVERSAL has confirmed that they have already acquired the Li-Ion Technology from Indian Space Research Organization – ISRO.
RETROFITTING KITS
- In 50K – a Hyderabad based startup converts IC Engine Rickshaws to EV.
- Batteries are swappable, Owner pays only for energy used not the Battery.
- 40-50% reduction in operating costs.
- They are also working with OEM’s to use there batteries and swapping station.
- Pune based company Northway Motors launches a Retrofitting Kit for MARUTI Desire and TATA Ace vehicles.
INVESTMENTS IN EV SPACE
Refer the below table from Autocar PRO – on Investments raised by Indian EV Startups. This space has been buzzing with many companies raising huge money and the biggest being OLA.
E-Rickshaw Zones identified in Gurugram in APRIL.
So all in all it looks like we will be in interesting times in 2022, with EV taking the front stage. It will also be interesting to see how the established players take this challenge and how many of new companies survive the test of time.
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