State-owned Energy Efficiency Services Limited (EESL), with World Bank and World Resource Institute, has thrown a 2-month-long innovation challenge to entrepreneurs and start-ups to develop cheaper and efficient electric cars (priced Rs 10 lakhs). India will host the first Global Mobility Summit (MOVE) on September 7-8 to leverage “tremendous potential for a fundamental shift, scale and size”
Green number plates for EVs
Transport ministry released new EV rules: all battery-operated vehicles will have green number plates. Commercial EVs will have yellow numbers on green plate. Private EVS will get green number plate and white numbers.
BHEL to make EVs; Ashok Leyland E-buses in London; Hyundai Vs Maruti Suzuki
BHEL Trichy is set to “aggressively” diversify to electric-mobility and revamp for large-scale production of EVs. Hinduja flagship Ashok Leyland has bagged order to supply 31 units of London’s iconic red EV double-decker buses. And, South Korean major Hyundai will introduce full range of EVs in India to compete with Maruti Suzuki’s 2020 EV plans.
Maharashtra to get India’s first EV charging corridor
Magenta will set up “ChargeIn”, India’s first EV charging corridor at Mumbai-Pune Expressway. Starting at Lonavala, the network of charging stations will extend to Bangalore and Mysore. Meanwhile, Exicom bagged NTPC tender to set up EV charging infrastructure at Jabalpur for e-buses.
Two Chinese EV platforms in $730 million push
As China continues to push EVs to curb pollution, Chinese giant Geely’s ride-hailing service Caocao Zhuanche is aiming to raise up to $437 million in new funding, while state-owned SAIC’s EvCard, an EV rental service is considering raising $292 million.
Volvo-Eicher plan affordable EVs for public transport
VE Commercial Vehicles (VECV), a Volvo-Eicher Motors joint venture is developing a complete range of electric vehicles for public transportation (have earmarked capex of ₹ 500 crore for 2018-19 to make affordable e-buses).