Week In India: Olectra Greentech To Supply 100 Electric Buses In Tirupati; India Launches E-Amrit Portal on EVs at COP26; And More

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Olectra Greentech To Supply 100 Electric Buses In Tirupati

Olectra Greentech Limited (Olectra) has bagged a big project from Andhra Pradesh State Road Transport Corporation (APSRTC). The company will be supplying 100 electric buses to the pilgrim city-Tirupati.  This is under the FAME-II scheme of the Government of India. The value of the order is approximately Rs 140 crores. Under the deal, these electric buses will be delivered over a period of 12 months.  These buses will be deployed at Alipiri (Tirupathi) Depot. During the contract period, Olectra will undertake the maintenance of the buses. With this new order, the total order book of Olectra has gone up to 1,450 buses.

India Launches E-Amrit Portal on EVs at COP26

The Central government launched ‘E-Amrit’, a web portal on electric vehicles (EVs), at the ongoing COP26 Summit in Glasgow, UK. According to a statement issued by the NITI Aayog, E-Amrit is a one-stop destination for all information on electric vehicles—busting myths around the adoption of EVs, their purchase, investment opportunities, policies, subsidies, etc. The portal has been developed and hosted by NITI Aayog under a collaborative knowledge exchange programme with the UK government and as part of the UK–India Joint Roadmap 2030, signed by the Prime Ministers of the two countries, it added. E-Amrit intends to complement initiatives of the government on raising awareness on EVs and sensitizing consumers on the benefits of switching to electric vehicles.

Greaves Electric Mobility Acquires 26% Stake In MLR Auto Ltd, Strengthens Its Footprint In Electric 3W Segment

Greaves Electric Mobility Pvt Ltd, the E-Mobility arm of Greaves Cotton Limited, and one of the leading players in the electric vehicles segment announced the completion of its acquisition of a 26% stake in electric-3 wheeler manufacturer, MLR Auto Ltd. With the conclusion of this acquisition, Greaves Electric Mobility strengthens its position as one of the largest end-to-end players in the last mile mobility segment catering to 85% of the consumer demand. With favorable policies and the need for affordable and sustainable mobility solutions, electric 3-wheeler (L5 Category) vehicles are poised to play a significant role in last-mile connectivity and are expected to be the mainstay of this segment by 2025. Consequently, this acquisition offers Greaves Electric Mobility the opportunity to secure a higher market share as logistics and delivery services drive the demand for higher load-bearing commercial electric cargo vehicles.

Piaggio Vehicles Inaugurates New Electric Three-wheeler Experience Centre In Bangalore

Piaggio Vehicles Pvt Ltd (PVPL), a 100 % subsidiary of the Italian Piaggio Group, European leader of the 2Wheeler sector, and India’s leading manufacturer of small
commercial vehicles inaugurated its EV experience center, Mobility Motors in Bangalore. The dealership was inaugurated by Mr. B Sriramlu, Honorable Minister of Transport Department and Tribal Welfare, Karnataka. The experience center will give customers a platform to access Piaggio’s newly launched FX range (fixed battery) of electric vehicles in both cargo and passenger segments. The Bangalore center will also serve the entire range of electric vehicles.

Greaves Electric Mobility Expands Footprints With 5000 Dealership Enquiries To Strengthen The EV Corridor

Greaves Electric Mobility, the e-mobility business of Greaves Cotton Limited, has received over 5,000 inquiries for potential dealership opportunities from multiple towns and cities
across the country. This will allow the business to expand its presence in every small town and cities across the length and breadth of the county. Due to the growing popularity of electric vehicles, Greaves Electric Mobility has seen a surge in demand and achieved its highest sales recorded in Q2FY22, with a volume growth of 85%. Greaves E 2Ws and E 3Ws are facilitating the transition from traditional ICE vehicles towards a complete EV ecosystem. The vehicles are built for long-distance daily travels and can be charged easily at any plug point. This gives customers hassle-free ownership and allows dealers to expect favourable traction.

Omega Seiki Mobility in Association With Log9 Materials Introduces ‘First in Segment’ Fastest-Charging Electric 3-Wheeler Rage+ RapidEV

Omega Seiki Mobility, in partnership with advanced battery-tech startup Log 9 Materials, has introduced its first segment’ fastest-charging electric 3-Wheeler Rage+ Rapid EV. The company has commenced accepting pre-booking for Rage+ Rapid EV in two variants: Rage+ RapidEV Open Carrier Half Tray (discounted ex-showroom price ₹3.59 lakh) and Rage+ RapidEV with 140 cubic ft. top body container (discounted ex-showroom price ₹3.99 lakh) –by paying a pre-booking amount of ₹10,000 for the first 1000 customers.

CESL Signs MoU With Marriott International To Develop Electric Vehicle Charging Units and Related Infrastructure

With the aim to boost electric vehicle (EV) adoption by strengthening charging infrastructure across the country, Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL) has signed a Memorandum of Understanding (MoU) with Marriott International to construct and operate EV charging infrastructure in the hotels managed, licensed and franchised by the Marriott International and its affiliates in India. The MoU was signed in the presence of Mr. Bhaskar Gurunath, Area Director of Engineering, South Asia, Marriott International Inc., and Ms. Mahua Acharya and Mr. N Mohan of CESL.

Nexzu Mobility Begins Testing Of A Brand New Step-Through E-cycle

Nexzu Mobility, India’s leading home-grown e-mobility brand, is set to launch a step-through e-cycle, a welcome addition to its cutting-edge e-cycle portfolio. The e-cycle features an effortless hop-on-hop-off frame design, rarely seen in India e-cycles so far. The frame design speaks to the brand’s vision to make EVs accessible to all. The Step-Through e-cycle will be priced in the range of Rs.40,000/- An array of vibrant colours were seen for both the cargo and city commute variants of the brand’s new innovation. In the most noteworthy feature, the e-cycle displays a large external battery, projecting a higher range for customers. This new e-cycle is expected to be available on Nexzu Mobility’s e-commerce platform and dealership network by December this year.

Greaves Electric Mobility Sells 7500 Units In October

Greaves Electric Mobility reported that sales increased to over 7500 units in October. The month-on-month increase in sales demonstrates brand acceptability and demand. Here, sizeable demand is emerging from non-metro regions. The recently launched Magnus EX is receiving a positive response from the customers, therefore leading to more bookings and sales. Magnus EX model has an extra range of up to 121 kilometers, with one charge providing three days of comfortable running. Not just the product sales, the company is experiencing an uptick in dealership inquiries- Greaves electric mobility has received over 5,000 inquiries for potential dealership opportunities from multiple towns and cities across the country.

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