Week In India: CESL Launches Biggest Ever Tender For E-Buses; Delhi CM Flags Off First E-Bus; And More

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CESL Launches The Biggest Ever Tender For Electric Buses

Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL), today announced the floating of a request for proposals for the biggest ever demand electric buses, under the ‘Grand Challenge’ – a set of homogenized demand for electric buses aggregated across five major cities. Spearheading the government’s Atmanirbhar Bharat initiative and as part of the Azadi Ka Amrit Mahotsav, the scheme includes completely 100 percent electric buses and aims to reduce the operating costs for cities, removing bottlenecks of procuring e-buses by State Transport Undertakings (STUs), instituting best in class practices, and operating standards and enabling operational and passenger efficiencies by evolving into a platform for modernization of city bus. 

Delhi CM Flags Off First Electric Bus

Arvind Kejriwal, the Chief Minister of Delhi flags off the first electric bus of the Delhi Transport Corporation’s (DTC). Transport Minister, Kailash Gahlot was also present there. 300 more electric buses will be operational by April. The low-floor AC bus which is 12-metre long has panic buttons and CCTV and was run on a trial between IP Depot and Pragati Maidan. The electric bus can get charged in 1.5 hours. The buses are manufactured by JBM Auto Limited. The electric bus will run in a 27-km route till Pragati Maidan via ITO, Tilak Marg, Mandi House, Barakhamba Road, Connaught Place, Janpath, Rajesh Pilot Marg, Prithviraj Road, Arvindo Marg, Safdarjung, Ring Road, South Extension, Ashram, Bhogal, Jangpura, India Gate and High Court.

Delhi Govt With CESL To Provide 5% Interest Subvention On Loan For EVs

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The Delhi government signs an agreement with CESL to give a 5% interest subvention on loan for buying electric rickshaws, carts, light goods vehicles, and autos. The agreement was signed by Polash Das, representative of Convergence Energy Services Limited (CESL), Deputy Commissioner of the Delhi Transport Department, Vinod Kumar Yadav, and other representatives. Kailash Gahlot, Delhi Transport Minister who was present on the occasion said that this interest subvention will assist fleet owners as well as individuals in deploying vehicles for deliveries. This scheme is in addition to the scrapping provocation of around Rs 7500 and buying incentives of Rs 30,000 given under the Delhi electric vehicle Policy. An electric LCV or auto can avail around Rs 25,000 additional benefit.

Mahindra & Hero Electric Enter into Strategic Partnership for Electric Two-wheelers

Hero Electric and Mahindra Group today announced a strategic pact in the electric vehicle space. As a part of the partnership, Mahindra Group will manufacture Hero Electric’s most popular electric bikes – Optima & NYX – at their Pithampur plant, in Madhya Pradesh to meet the growing demands of the market, the companies said in a joint statement. With this collaboration, along with the expansion of its existing Ludhiana facility, Hero will be able to meet its demand of manufacturing over 1 million EVs per year by 2022. As part of this joint venture, the two companies will also jointly produce and develop supply chain and share platform for electric two-wheelers.

Electric Vehicle Registration In Karnataka Has Increased 5 Times

With skyrocketing prices of petrol and diesel, individuals have begun to investigate electric automobiles, and so demand for electric vehicles (EV) is booming. Battery-powered vehicles are gradually taking over the streets of Karnataka, with EV registrations increasing fivefold since 2018. In accordance with the regional transport office (RTO), the number of EV registrations in the state has increased at least fivefold since 2018. Approximately 88% of EVs are two-wheelers, 6.5% are four-wheelers, and the rest are three-wheelers. The number of EV registrations in the city and state is increasing with people seeing the advantages of electric automobiles.  All EVs are exempted from road taxes and do not require a registration fee, which is further enticing individuals, said Narendra Holkar, assistant commissioner of transport (Enforcement South).

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10 Companies Bids For PLI Scheme Including Reliance

‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’ or Production Linked Incentive (PLI) Battery scheme receives bids from 10 companies. These companies are Lucas-TVS Limited, India Power Corporation Limited, Larsen & Toubro Limited, Reliance New Energy Solar Limited, Ola Electric Mobility Private Limited, Exide Industries Limited, Mahindra & Mahindra Limited, Ola Electric Mobility Private Limited, Amara Raja Batteries Limited, and Reliance New Energy Solar Limited. Under this scheme, India will have 50 GWh of ACC battery storage generating capacity and all the companies have applied for 130 GWh capacity.

Hero Motocorp Announces New Investment In Ather Energy

Aligned with its vision – ‘Be the Future of Mobility’, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has announced a new investment of up to Rs. 420 Crore in Ather Energy. The company’s board has approved the investment in one or more tranches. Prior to the proposed investment, Hero MotoCorp’s shareholding in Ather Energy was 34.8% (on a fully diluted basis). Post the investment, the shareholding will increase and the exact shareholding will be determined upon completion of the capital raise round by Ather.

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Union Ministry of Power Issues New Guidelines & Standards for Charging Infrastructure for EV

Recently, the Union Ministry of Power has promulgated the revised consolidated Guidelines & Standards for Charging Infrastructure for Electric Vehicles (EV). The objective is to enable faster adoption of electric vehicles (EVs) in India by ensuring safe, reliable, accessible, and affordable Charging Infrastructure and eco-system. This would also promote energy security and reduction of emission intensity of the country by promoting the entire EV ecosystem. These guidelines include provisions for individual owners of Electric Vehicles and for Public Charging Stations (PCS). Now owners may charge their Electric Vehicles at their residences or offices using their existing electricity connections. 

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