Monthly EV update- March 2020
New Product Launches
Targeted towards the Indian Agri and goods carriage segment, the electric tractor from Cellestial E- Mobility offers a range of 75 km on a single charge, and gets swappable batteries, regenerative braking, and fast charging function. The new electric tractor prototype is 150 Ah Lithium-Ion battery that powers a 4.4 kW electric motor capable of producing the equivalent of 18 bhp and develops 53 Nm of peak torque. The e-Tractor can do a top speed of 20 kmph and comes with a putting capacity of 1.2 tonnes. The battery can be fully charged in 6 hours with a regular charger, while with a fast charger it can be a 100% battery capacity in 2 hours.
Daimler has announced expansion plans on the Indian subcontinent. In the next two years, the German carmaker aims to release a total of 10 electric vehicles as Mercedes in India. Mercedes is already heavily involved in SUV production in India, with the new GLC Coupe coming off the production lines in Chakan, near Pune. This stands to reason that this will also provide the basis for the electrification expansion there.
Hyundai Motor India Limited (HMIL) is all set to launch its affordable electric SUV in order to compete the acclaimed Tata Nexon EV. The rumoured SUV is supposed to run about 300km on a single charge. The Electric Vehicle (EV) will be manufactured in India only to make it accessible to all class of buyers. Before the company had launched an all-electric range SUV Hyundai Kona with a mileage of 452 km on single charge, but it’s priced at Rs. 20 lakh. But the company aims at providing this all new fully finished SUV at a relatively lower price.
|Tender name||Tendering authority||Location||No. of vehicles||Other details||Bid submission date|
|NVVN, Karnataka, 90 electric buses, Mar 20||NVVN||Karnataka||90 electric buses||EMD: INR 20 Lakhs||16-Mar-20|
The Energy Efficiency Services Limited (EESL) has issued amendments to the tender floated earlier for 1,000 air-conditioned four-wheeler electric sedan cars with a driving range of 180 km on a pan India basis. EESL is a joint venture of the public-sector units of the Ministry of Power and the Government of India. After the modification, EESL has now invited bids for the procurement of 750 air-conditioned four-wheeler electric sedan cars. The last date for the submission of bids is March 12, 2020.
Bharat Heavy Electricals Limited (BHEL), the country’s largest power equipment manufacturer, announced it has won an order for supply of electric buses along with charging infrastructure in Gorakhpur, Uttar Pradesh. The order was placed on BHEL by Urban Transport Directorate (UTD) in Lucknow.
By 2020, 30% of vehicles registered annually will be electric and by 2025, there will be 10,000 direct and indirect jobs created in the sector. To this effect, the government has drafted the Goa Electric Vehicle Promotion Policy which proposes world-class infrastructure and ecosystem across passenger and commercial segments. The government plans to have charging stations every 25km on highways and every 3km within city limits.
Karnataka Chief Minister BS Yediyurappa announced that ₹100 million would be allocated to establish an electric vehicle and energy storage manufacturing cluster in the state. With this, Karnataka has become the first state to have an electric vehicle and energy storage policy in the country. The proposed plan will be set up under the fifth stage of the Karnataka Industrial Area Development Board (KIADB) industrial area in Harohalli of Ramanagara Taluk.
For Power Project set up for Electric Vehicle (EV) Charging Stations for captive use and third party sale-@ 100% exemption in normal transmission and wheeling charges for a period of 10 years from date of establishing of EV Charging Station.
The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has signed a Memorandum of Understanding (MoU) with the Rajasthan Electronics and Instruments Limited (REIL), a Central Public Sector undertaking, to develop charging infrastructure in 32 locations covering Vijayawada, Guntur, Kakinada, and Tirupati for electric mobility.
The central government’s department of heavy industries (DHI) has allocated space for 118 EV public charging stations in Hyderabad, The stations will be set up under Faster Adoption and Manufacturing of Electric vehicles (FAME) scheme’s Phase 2. Rajasthan Electronics and Instruments Ltd (REIL), National Thermal Power Corporation (NTPC) and Energy Efficiency Services Limited (EESL) will be collaborating to set up the charging stations.
Magenta Power, a startup supported by Hindustan Petroleum Corporation Limited, has announced its plan to introduce a street lamp integrated EV charger called ‘ChargeGrid Flare’ by April 2020. This new range of EV charging points will be the first in India to be incorporated within street lamp columns. The manufacturer has said that the ChargeGrid Flare has been specially designed in partnership with HPCL to offer energy-efficient street light combined with an EV charging point. The unique charging station aims to EV charging facilities from within a traditional-looking street light.
Tata Power Company Ltd. is exploring the opportunity to increase its network of electric vehicle (EV) charging stations by installing them at Tata Motors dealerships. The Tata Group firm has already installed a total of 168 charging stations at public spaces, across the states of Delhi, Mumbai, Pune, Bengaluru, Hyderabad. They are looking to expand the number of charging stations to around 600 spots in the next few months.
MG Motor India has recorded total retail sales of 1,518 units in March 2020 as against 1,376 units sold in the preceding month. The automobile manufacturer currently sells two vehicles — MG Hector and MG ZS EV — in the country. While MG Motor India sold 1,402 units of the Hector in March 2020, it disposed of 116 units of the ZS EV during the month. The sales figure stood at 1,218 units for the Hector and 158 units for the ZS EV in February 2020.
Partnerships and JV’s
Jaguar Land Rover (JLR) India stated that it has entered into a partnership with Tata Power for end-to-end electric vehicle (EV) charging solutions. As part of the association, Tata Power will provide charging solutions for JLR in India across its retail network of 27 outlets in 24 cities and at customers’ residence and/or office. Tata Power will be responsible for providing a range of AC and DC chargers, starting from 7 kW to 50 kW capacity, JLR India said in a statement.
Commercial EV fleet operator Lithium Urban Technologies has partnered renewable energy solutions provider Fourth Partner Energy to build charging infrastructure across the country. This 50-50 joint venture named Shuchi Anant Virya unveiled its first electric vehicle (EV) charging hub in Gurugram, capable of charging 25-30 vehicles simultaneously. The facility will be used initially to charge Lithium’s fleet to Wipro and American Express in Gurugram.
The newly formed Toyota BYD EV Technology will see the Japanese and Chinese auto giants coming together to meet the fast increasing demand for electric vehicles in China About five months ago, Japanese auto giant Toyota and China’s BYD got into a joint venture and now, in a new announcement, the duo has revealed the name of their newly formed company as BYD Toyota EV Technology Company Ltd. As a part of the new formed company, the two manufacturers will conduct research and development of battery-powered electric vehicles (BEV). BYD Toyota EV will commence their operations next month.
Scooter-sharing startup, Bounce has raised $6.5 million funding from existing investor InnoVen Capital, Asia’s leading venture debt provider. This marks InnoVen Capital’s third investment in Bounce, in a span of 18 months, taking the total debt investment to $12 million from the firm. SThe financing round will help bounce fuel a deeper Electric Vehicle (EV) integration, multi-city expansion, platform play and help accelerate profitability.
Other interesting reads
In one of the biggest disruptions ever in the electric mobility sector in India, India’s biggest 2-wheeler makers Bajaj has announced that they will make electric scooters, which will cost under Rs 35,000 in India. Bajaj will make cheap electric scooters, for a bike rental startup called Yulu. As part of the partnership, each electric scooter will be costing under Rs 35,000, triggering a new disruption in the sector. Each electric scooter made by Bajaj for Yulu will be priced between Rs 30,000 to Rs 35,000. If successful, then these will be the cheapest electric scooters in India right now. As of now, Yulu assembles electric scooters from China.
According to EV makers, India has an estimated total of 1.5 Lakh electric two-wheelers. The likes of Ather Energy, Okinawa, Ampere Vehicle and Ultraviolette are setting the pace in the market. Electric two-wheeler sales almost doubled to 54,800 units in 2018 compared to the previous financial year.
Multiple initiatives have been taken by the Government of India to promote manufacturing as well as the adoption of EVs. This has led to increased penetration of EVs in the Indian market. The significant requirements for accelerated adoption of EVs call for the need for adequate infrastructure, regulations, and policies. This can be encouraged further by proposing and enabling framework. The regulations and policies under this framework should enable faster adoption of EVs in India by ensuring an affordable, reliable, safe and accessible eco-system as well as infrastructure (considered herein as the main objective).
As is usually the case with electric vehicle start-ups, even 22Kymco with a strong funding couldn’t take off, with many factors being contributors.
Kymco is a big Taiwanese electric two-wheeler maker. The brand even exports and is one of the world leaders as far as electric vehicle tech is concerned. So, it came as no surprise to anyone that Kymco will want to expand and foray into regions where their presence was needed. Emerging markets for example, and India was naturally the best choice for it. So, in October 2018, Kymco joined hands with 22 Motors (an EV start-up) for entering the Indian market. The company was called 22Kymco.
Global market updates
The center of gravity in the EV world is shifting to Europe. A report released last week from McKinsey, the consulting firm, pegs Germany to become the world market leader for electric cars by 2021, with more than 1.7 million electric vehicles produced. The writing on the wall can be seen in 2019 EV sales. In China, 2019 electric car sales increased by 3% to about 1.2 million. Meanwhile, in the US, the EV market in 2019 declined by around 10% — approximately 330,000 units.
British companies are expected to spend more than £12bn switching their fossil fuel vehicles for clean electric versions over the next two years. A survey found that nearly half of UK businesses are planning to invest in chargeable cars and vans in advance of the government’s ban on sales of new internal combustion engine vehicles by 2035.
In a major challenge to electric car leader Tesla, General Motors announced it has created a new electric vehicle battery that offers up to 400 miles of range and will be cheaper to produce than today’s batteries. In a bid to take on Electric Vehicle (EV) maker Tesla, the largest automaker in the U.S. — General Motors (GM) — is mulling to spend $20 billion and showcasing roughly a dozen of products to assure investors that it is serious about embracing an electric future.
Worldwide electric car sales hit 1.98 million in 2018, according to the IEA, with global stock reaching 5.12 million. BMW released Tuesday the details of an electric concept car, with production of the vehicle expected to start in 2021. In an interview with CNBC Tuesday, CEO Oliver Zipse described the BMW Concept i4 vehicle as bringing “electromobility to the heart of the BMW brand.” It’s fast, it has an acceleration of less than four seconds from zero to 100 kilometers an hour, it has a range of 600 kilometers (about 373 miles). The price is yet to be announced.
The world’s leading Battery-Electric Vehicle market, Norway, reported February sales numbers, and they are not good for Tesla. Tesla’s competition simply did a lot better, led by Audi but also many other brands and nameplates. The top 25 list says it all.
Compared to the 56% EV market share of 2019, Norway showed 68% EV market share in February. Compared to 25% EV market share in 2019, Iceland had 37% EV market share in February. Sweden jumped from 11% EV market share in 2019 to 26% EV market share in February. Only the Netherlands saw a decline, going from 15% EV market share in 2019 to 12% EV market share in February.
if early data from China, the world’s largest EV market, is any indicator, clean cars are in for a rough ride. In January, passenger EV sales were down 52 percent compared with 2019 as China scrambled to shut down its manufacturing sector and quarantine tens of millions of citizens. In February, the fallout was even worse: passenger EV sales fell 77 percent while production fell more than 80 percent, compared with 2019, according to data from the China Association of Automobile Manufacturers.