Monthly EV update- Feb 2020

Monthly EV update- Feb 2020

New Product Launches

Product name Vehicle type Battery specifications Other specifications Price
Mahindra eKUV100 4-Wheeler 15.9 kWh lithium-ion battery, range of 120 km on a single charge 40 kW electric motor that belts out about 53 bhp and 120 Nm of peak torque INR 8.25 Lakh (ex-showroom)
Nexzu Mobility Roadlark 2-Wheeler Twin batteries – a 5.2-Ah and an 8.8-Ah unit.     Range of 65 km in pedal mode and 55 km in throttle mode. Top speed of 25 kmph. INR 25,000 to Rs 37,000.
JBM ECO-LIFE e9 Electric Bus Lithium ion battery, Range of 150 km in a single charge Motor- 80-160 kW INR 15 lakh
Pure EV, EPluto 2-Wheeler 2.5 kWh lithium battery pack, range of 116 km on a single charge Top speed of 60 kmph, battery warranty for 40,000 km INR 79,999
Toyota Kirloskar Motors , Vellfire 4-Wheeler Hybrid battery Mileage of 16.35 km/l INR 79.5 lakh (ex-showroom)

Source: JMK Research



Tender name Tendering authority Location No. of vehicles/type Other details Bid submission date
CCBSS, Chandigarh, 40 midi AC electric bus, Feb 2020 The Chandigarh City Bus service Society (CCBSS) Chandigarh 40 midi AC buses EMD: INR 3 million 24-Feb-2020
EESL, Pan India, 1,000 electric car, Feb 2020 EESL Pan India 1,000 Electric cars (750 sedan- Package 1) (250 sedan- Package 2)   EMD: INR 21 million for Package 1, INR 7.06 million for Package 2 28-Feb-2020
BMTC, Bangalore, 90 electric buses, Feb 2020 BMTC Bangalore 90 Electric buses EMD: INR 9 million 6-Mar-2020

Source: JMK Research

Tata Motors Wins EESL Tender; To Deploy Tigor EVs for UGVCL in Gujarat

Tata Motors, a USD 44 billion company, won a tender from state-owned Energy Efficiency Services Ltd (EESL) to supply its Tigor Electric Vehicles (EVs) to state power distribution company Uttar Gujarat Vij Company Ltd. (UGVCL).

Charging stations

Tata Power to set up 50 charging stations for electric vehicles in NCR

Tata Power has joined hands with EV cab operator Prakriti E-Mobility to set up 50 charging stations for electric vehicles in a phased manner. Last month, three Tata Group companies had unveiled a mega plan for the electric mobility space along with group company Tata Motors.

EESL partners with BSNL to install 1,000 EV charging stations across India

Energy Efficiency Services Limited (EESL), a joint venture of four National Public Sector Enterprises under Ministry of Power, Government of India, has signed a Memorandum of Understanding (MoU) with Bharat Sanchar Nigam Limited (BSNL), for the installation of 1,000 public EV charging stations to boost e-mobility adoption across India.

EV Motors India inks pact with BSES Yamuna Power charging infra in Delhi

Electric vehicle startup EV Motors India (EVM) signed an agreement with BSES Yamuna Power Ltd. (BYPL) to set up and operate charging stations for electric vehicles at select locations under the jurisdiction of BYPL. EVM is planning on establishing an e-mobility eco-system in the country including providing a connected network of PlugNgo EV charging stations and a robust software platform that includes a payment system for availing the e-charging facility, the company said in a release. EVM and BYPL will work jointly to create, operate and maintain charging infrastructure using PlugNgo’s innovative cloud-based integrated software platform.

HPCL Sets Up 1st Electric Vehicle Charging Station in Gujarat at Vadodara

Hindustan Petroleum Corporation Ltd (HPCL) has set up its first electric vehicle charging facility in Gujarat at Karelibag locality here. After inaugurating the facility on Thursday, HPCL Director (Marketing) Rakesh Misri told PTI that it is the first charging station set up by HPCL in Gujarat. Hindustan Petroleum will plan, develop and install EV charging facilities at suitable locations throughout the country.

IOC to set up EV charging stations across Kerala

As a part of its green initiative, Indian Oil is setting up electric vehicles (EV) charging stations across Kerala, said V C Asokan, chief general manager and head of Kerala office, Indian Oil Corporation (IOC) Ltd. We presently have two EV charging stations in Kerala and 14 more stations will be set up soon. We plan to have at least one EV charging station in every district headquarters.

FAE Bikes launches 470 strong EV charging network

Bengaluru based EV Startup “FAE Bikes” announced the launch of “Kirana Charzer”, a low-cost, smart EV charging station costing just Rs 10,000 focused on enabling small shops and individuals to install their own charging stations and earn additional income. As the company claims, Kirana Charzer is a compact, zero-maintenance and IoT enabled charging station which they are providing at a subsidized price of Rs 10,000. Kirana Charzer is by far India’s cheapest charging station which allows the owner to earn 100 per cent revenue from EV charging.

Partnerships and JV’s

Kinetic Green, BPCL in e-mobility partnership; plan India-wide battery swapping network with IIT Madras IoT tech

Kinetic Green Energy and Power Solutions, which manufactures electric vehicles, and public sector oil and gas major Bharat Petroleum Corporation Ltd (BPCL) have signed an agreement for the launch of ‘e-Drive’, an electric vehicle mobility solution based on swappable battery technology.

SoftBank, Mahindra Electric May Ink Partnership To Push EV Solutions

Japanese multinational conglomerate SoftBank is reportedly in preliminary talks with Indian emobility giant Mahindra Electric to formulate a strategic partnership. The alliance might also include SoftBank getting a minority stake in Mahindra Electric. As per a Business Standard report, SoftBank and Mahindra Electric’s tie-up is still uncertain. The report adds that Mahindra is talking to a diversified range of potential investors. These investors also include players who can help Mahindra in developing EVs, powertrains, chargers and other emobility solutions.

Avis India Partners With quikk India for Electric Vehicle Fleet

Avis India has announced its partnership with quikk India to offer corporate electric mobility services. As the company claims, under the partnership, Avis India and quikk India have developed an innovative, integrated AI-based model that combines transportation services along with access to robust charging infrastructure, at costs broadly comparable with those of current ICE vehicles.


US based Triton Solar buys stake in startup Ushva Clean, JV to launch electric car

US-based battery cell and solar thin filmmaker Triton Solar has acquired a substantial stake in Mumbai based cleantech startup Ushva Clean Technology for an undisclosed amount. As part of this strategic alliance, the two players will develop the fastest everyday electric car in India, leveraging Triton Solar’s battery technology and Ushva’s experienced team from IIT Bombay.

Tata Motors To Set Up Separate Division For EVs With INR 500 Cr Investment

After Mahindra and Mahindra, original equipment manufacturer and Indian automobile giant Tata AutoCorp is also planning to localise the production of electric vehicles (EV) components and set up a new plant. For this, Tata AutoCorp plans to invest INR 500 Cr. Moreover, Tata Group is also currently working on setting up a separate division for EVs to divert its focus towards the electrification drive it has been planning. The division will be headed by AJ Jindal, who has previously headed the research and development (R&D) at Tata Motors. The company will be investing INR 1000 Cr, out of which 50% will be separately allocated for the EV segment.

Other interesting reads

Budget 2020 proposes hike in EV import duty to promote domestic manufacturing

The Union Budget proposed to increase customs duty on import of electric vehicles across categories. The increase in basic customs duty is in the ranges of 10-40 percentage points across EV segment, and comes in the backdrop of Chinese manufacturers dumping low-quality battery packs for EVs in India.

Govt to scrap registration fees for buying electric vehicles: Javadekar

The government is promoting electric vehicles (EV) by proposing to drop registration fees and using the Union Budget to given an additional income tax deduction of Rs 1.5 lakh on interest paid on loans taken to purchase such transport, said Prakash Javadekar, Minister of Heavy Industries and Public Enterprises. Javadekar said his department will spend around Rs 500 crore to set up 2,636 charging stations in 62 cities across cities under the second phase of the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India (FAME) scheme. People have purchased about 11,000 EV in the last 10 months by using FAME-II, he said in Rajya Sabha on Tuesday.

Electric vehicle penetration in India to remain below 5% till 2025

The penetration of electric vehicles in the country is likely to remain low at 3-5 per cent till 2025 due to higher prices of EVs compared to its internal combustion engine (ICE) counterparts, as well as the inadequate public charging infrastructure, said credit rating agency ICRA. Ray added that there is also a lack of clarity regarding the long-term road-map for charging infrastructure, as well as the incentive structure for EV and Li-ion battery manufacturing facilities in India.

Startups look to outpace OEMs in India’s electric vehicle space

Two years ago, startup firm Ather Energy Pvt. Ltd took a leap in the dark, launching two electric scooter models in India—340 and 450—a segment to which most established automakers gave a wide berth because the path to profits was unclear. Despite the Modi administration’s grand vision to boost electric vehicle sales, lack of charging infrastructure and uncertainty over demand for higher-priced green vehicles have daunted most conventional manufacturers.

EV sales reach 280,000 units till Nov 2019

Sales of electric vehicles (EVs) in India have reached 280,000 units till November, according to the Economic Survey 2019-20. Most of these vehicles sold are, however, three-wheelers that run on lead-acid batteries. The Union government has decided to stop offering subsidies to such vehicles in the second phase of the FAME scheme, unless they are fitted with lithium-ion batteries.

Maruti Suzuki Says India Not Ready For EVs As Peers Take The Plunge

India’s largest carmaker is in no hurry to replace its existing fleet of internal combustion engines with electric variants even as its peers are embracing the technology more than ever. “Out of 70 million cars expected to come from today till 2030, the industry is projecting 7-8 percent to be electric vehicles. That means 63-64 million will still be internal combustion engine-based cars,” Shashank Srivastava, executive director at Maruti Suzuki India Ltd., told BloombergQuint on the sidelines of Auto Expo 2020. “There is a long intermediate period in which we must improve fuel efficiencies to reduce consumption and that’s what we are focusing on.”

Reserves of lithium, critical for EV batteries, found near Bengaluru

Researchers at the Atomic Minerals Directorate, a unit of India’s Atomic Energy Commission, have estimated lithium reserves of 14,100 tonnes in a patch of land surveyed in Mandya, 100 km from Bengaluru, according to a paper to be published in the forthcoming issue of journal Current Science, the Economic Times reported on Tuesday.

Mahindra & Mahindra Could Merge EV Biz, Alyte B2B Service, Meru And Other Verticals

Indian automaker Mahindra & Mahindra is now looking to consolidate its mobility businesses under one business vertical. This would include new business for corporates Alyte, Meru Cabs, electric vehicle cab service Glyd and used car business First Choice under the new vertical called mobility services. The company reportedly plans to launch a cab aggregator for corporates called Alyte and expand its fleet of electric vehicles for taxi services. Mahindra Logistics CEO Rampraveen Swaminathan said that the company plans to launch the B2B play in the next one month.

Global updates

EDF buys electric car charging firm

EDF has bought one of Britain’s biggest electric vehicle charging companies in the latest foray by an energy company into renewables. The French state-controlled utility is understood to have paid more than £100m for Pod Point, a British charging firm, in its first such investment. There are about 30,000 charging connectors across almost 11,000 locations in the UK, but critics say they are too concentrated in big cities.

AKASOL signs €20 million e-mobility battery ‘Gigafactories’ deal with Manz

Manz AG, manufacturing equipment supplier, has signed off on a €20 million (US$21.83 million) deal with “high performance” battery maker AKASOL for planned ‘gigafactories’ in Germany and in the US. Manz supplies industries including solar panel and lithium battery manufacturers and is likely well known to readers of our sister site PV Tech. AKASOL said it has ordered “fully automated production lines” from Manz, with delivery of the first production lines expected before the end of this year.

Electric vehicle sales triple in Australia as sales of combustion engine cars fall 8%

Electric vehicle sales in Australia more than tripled last year but were still far lower than in a majority of developed countries, industry data shows.The Electric Vehicle Council says 6,718 full electric and hybrid plug-in vehicles were sold in 2019, up from 2,216 the year before. Sales of combustion engine cars fell 7.8% over that period.

Electric Vehicle Sales In China In Free Fall

The electric car revolution is coming to Europe in a big way. EV sales in Italy are up more than 500% over last year. In France, they are up four times compared to last year. That’s wonderful news for EV fans, but France and Italy are not where the action is when it comes to sales of electric cars. China is the country everyone has their eye on. GM, Ford, Mercedes, BMW, and Volkswagen expect EV sales in China to explode, creating a path toward monumental profits. It’s not working out that way. Last year, China reduce or eliminated government incentives for electric car purchasers and sales slumped. To be fair, the changes in incentives applied primarily to short range EVs, cars that could barely go 100 miles (160 km) on a single battery charge. But the change let some of the air out of the Chinese EV boom.

Top U.S. Electric Vehicles — 2019 vs. 2018 Best Sellers

Top U.S. electric vehicle sales of 2019 and 2018 reflect some slight but notable changes, and could show a glimpse into what 2020 looks like for some of these automakers. Top EV sellers of 2019 in the U.S. came from brands such as Tesla, Nissan, Chevy. Last year was a decent year for EV sales. But the market is currently driven by one brand and especially one model.Tesla accounted for 78% of US EV sales in 2019. The Model 3 accounted for 65% of sales all by itself. Besides Tesla, other top sellers were Chevy and Nissan, but as you can see, their sales were minuscule compared to Tesla’s. Chevy sold 16,418 units of its Bolt EV, and Nissan sold 12,365 units of its LEAF in 2019. Audi sold just under 5,400 units of its new e-tron SUV.

Tesla own more than half the US market, keeps electric cars sales growing

Tesla is keeping the US electric car market alive and growing as new data shows that the California-based automaker owns about 60% of the US market. For many people, when they think of electric vehicles, they think of Tesla. That’s especially true in the US and it becomes clear why when you look at the market share for all-electric vehicles.

Electric cars grab 44% market share in Norway in January

Electric cars accounted for a 44.3% share of Norway’s new car sales in January, rising year on year but falling short of the 50-60% range the industry forecast for 2020, data from the Norwegian Road Federation showed on Monday. In January 2019 electric cars made up 37.8% of sales in the Nordic country and climbed in subsequent months to an overall 42.4% market share for the full year.

Porsche plans green financing for $6.6 billion electric car push

Sports-car maker Porsche AG intends to offer more green debt to support its 6 billion-euro ($6.6 billion) investment in electric vehicles. The Volkswagen AG unit will stick with green financing after selling a record 1 billion-euro green Schuldschein last year, according to Wolfgang Ratheiser, vice president for corporate finance and treasury. It has for now ruled out raising potentially more flexible financing in the faster-growing ESG-linked market.

Toyota to build new electric car plant in Tianjin

Toyota Motor has decided to build a plant in the Chinese city of Tianjin to jointly produce electric and plug-in hybrid cars with a local company. Sources say the Japanese automaker has filed an application to construct the facility in a special economic development zone. Toyota is expected to invest more than 1.2 billion dollars to manufacture some 200,000 units annually. It plans to complete the plant by the early 2020s. The Chinese government requires automakers in the country to produce a certain number of eco-friendly models, such as electric vehicles and plug-in hybrids.

About Us

JMK Research & Analytics is a boutique consultancy firm providing research and advisory services to Indian and International clients across solar, wind and e-mobility segment.

Based on our in-depth sector experience, strong industry network, we  provide key insights and detailed industry information which helps our clients develop successful business models and market strategies.

Contact Us

JMK Research & Analytics

27/ 2C, Palam Vihar, Gurugram, Haryana- 122017

Phone: +91-7428306655


Our newsletter covers-

  1. Policy and regulatory updates
  2. Project and tender updates
  3. Financing updates
  4. Price trends

For subscription please fill in the form here

Follow Us