Monthly EV update – November 2020

Monthly EV update – November 2020

monthly electric vehicle

New Product launches

Omega Seiki unveils smart electric three-wheeler range

Omega Seiki Mobility has expanded its electric three-wheeler range with the unveiling of three new smart EVs that are aimed at both, B2B and B2C segments. The new range of electric vehicles by Omega Seiki includes Sun Ri (electric three-wheeler cargo), Ride (E-rickshaw), and Stream (electric passenger auto-rickshaw).

The new range of smart electric three-wheelers by Omega Seiki come with zero maintenance Li-Ion battery with a swappable option. The EVs can touch a top speed of up to 50 kmph. The loading capacity ranges between 750-960 GVW. Also, they offer up to 100 km range in a single full charge. The battery on these EVs takes three to four hours to get charged from 0 to 100 percent.

Upcoming launches

CK Motors plans to launch electric three-wheelers soon

After the successful launch of electric scooters and bicycles, Tirupur-based CK Motors is all set to unveil electric commercial three-wheelers and four-wheelers in the next two months. The company has set up a manufacturing unit in Thekkalur with an investment of Rs 35 crore and the vehicles are in testing stage and commercialised in another two months.

The company has entered into a joint venture with Hyderabad-based Pure EV to manufacture lithium-ion batteries needed for all the vehicles. The company will manufacture 1,000 EVs a month and increase it to 3,000 vehicles, once the dealers are appointed across South India.

Infraprime Logistics to rollout 1,000 heavy electric trucks in India

Infraprime Logistics Technologies, a start-up in construction logistics is planning to rollout 1,000 heavy duty electric trucks in India post successful commercial run of its fleet of 55-MT electric trucks over the last one year. The commercial run demonstrated up to 60% cent savings in operating cost over conventional diesel trucks.

The company launched electric trucks in India in August 2019, which garnered significant attention as it pioneered industry-first air-conditioned battery pack with 600,000km warranty.

Ola to introduce e-scooter by Jan next year: Sources

Ride-hailing major Ola is foraying into electric scooter manufacturing and plans to hit the market with its first vehicle in January next year. The electric scooter, initially manufactured at a facility in the Netherlands, will be sold in India as well as Europe.

Omega Seiki plans to launch electric tractor, cargo pick-up truck

Omega Seiki Mobility aims to bring in multiple electric products including two-wheelers, a four-wheeler cargo vehicle and a tractor over the next two years. The company, which is a part of the Delhi-based Anglian Omega Group, also aims to set up manufacturing facilities across various parts of the country. Omega Seiki already has multiple manufacturing sites in Delhi/NCR. The company also plans to have around 200 dealerships across the country by the end of next year. It has earmarked an initial investment of INR 200 crore for the projects and going ahead aims to raise another INR 1,000 crore in order to fund the expansion plans.

Startup Pure EV to launch e-scooter Etrance Neo next month

IIT-Hyderabad incubated startup PURE EV has announced that its high-speed long-range electric scooter Etrance Neo will be launched next month at an ex-showroom price of Rs 75,999. The new model that offers a higher pickup and longer range combined with modern aerodynamics will be launched on December 1, 2020.

The new model will be available first in Hyderabad and will be available pan India from our outlets pan India from mid of December 2020. The Etrance Neo offers a pick-up speed of 0 to 40 kmph in five seconds. It is powered by a 2,500 Wh-patented battery with a range performance of 120 KM for a single charge in ‘Eco Mode’.

Tender & EoI

Tender name

Tender value

Tendering authority

Bid Submission End Date

RFP for Selection of Service Provider for Procurement, Operation and Maintenance of 300 Non AC Electric Buses on Gross Cost Contract (GCC) Model under FAME II Scheme


Bangalore Metropolitan Transport Corporation


Inviting request for Proposal for the Hiring of 50 Nos of single axle 12 Mtr Non-AC Electric Buses on wet lease under FAME-II Scheme


Kerala State Road Transport Corporation


Selection of Bus Operator for Supply, Operation and Maintenance of 100 AC Electric Buses on Gross Cost Contract basis in the cities of Guwahati, Jorhat and Silchar in the state of Assam


Assam State Transport Corporation


E-tender for hiring of 40 nos midi (9.0 mtrs) air conditioning (without heating system) fully built pure electric buses including bus charging stations on kilometer basis for a period of 10 years


Chandigarh City Bus Services Society, Chandigarh


The sales of EVs in Nov-20 have surged by 15% over October’s sales, registering 12,488 units. The cumulative sales of registered EVs from Jan-Nov 2020 is about 104,270 units. For the same period, among all the states/ UTs, Uttar Pradesh leads in the sales of registered EVs (26%) in India, followed by Delhi (11%) and Bihar (10%).

Registered EV sales in India (Jan – Nov 2020)

Source: Vahan Dashboard, JMK Research

Note: Sales figure represent EVs registered across 1,261 RTOs in 33 states/ UTs.

Furthermore, during Nov-20, Uttar Pradesh (22%) recorded the highest registered EV sales. It is followed by Delhi (12%) and Karnataka (11%).

(State/ UT) Region-wise registered EV sales – November 2020

Source: Vahan Dashboard, JMK Research

Note: Sales figure represent EVs registered across 1,261 RTOs in 33 states/ UTs.

High-Speed Electric Two-Wheeler (E2W)

In the high-speed (HS) E2W segment, the cumulative sales of Ampere, Ather, Hero Electric, Okinawa and Revolt in Nov-20 is 3030 units. This is the first time in 2020 that the cumulative monthly sales of the 5 brands have crossed 3000 units in the HS segment. Leading the charge is Hero Electric with more than 1100 unit sales, followed by Okinawa (614) and Ampere (524).

Player-wise high-speed E2W sales trend

Source: Vahan Dashboard, JMK Research

Note: Sales figure are for only high range E2W models with speed higher than 25kmph. Sales figure represent E2Ws registered across 1,261 RTOs in 33 states/ UTs.

Electric Three-Wheeler (E3W)

The combined sales of (both passenger and goods-type) registered E3Ws in November have reached 8160 units, growing by 7.8% over October sales. The passenger-type E3W accounts for 91.6% of the total E3W sales for November. The cumulative sales of cargo and passenger (registered) E3Ws during Jan-Nov 2020 is 76,931.

Sales trend of cargo E3W and passenger E3W

Source: Vahan Dashboard, JMK Research

Note: Sales figure represent E3Ws registered across 1,261 RTOs in 33 states/ UTs.


Chandigarh: Centre to grant city subsidy of Rs 50 lakh for each electric bus

The central government will grant a subsidy of Rs 50 lakh for each electric bus of the 80 sanctioned for the city. A senior UT official said they will soon float a fresh tender to purchase the buses. The administration is already working on promoting hybrid and electric vehicles. To cut down the level of pollution, Chandigarh Transport Undertaking (CTU) will now induct these electric buses in its fleet.

The electric buses project planned in 2016 got delayed owing to various reasons. In February this year a tender to purchase 40 electric buses was floated but it got delayed due to coronavirus.

Tamil Nadu Government grants 100% tax exemption for all electric vehicles

In a bid to boost the EV adoption in the state, Tamil Nadu has exempted all EVs from payment of motor vehicles tax for the period commencing on and from 3rd November 2020 to 31st December 2022.

Charging Infrastructure

Okaya installs over 500 electric vehicle charging solutions across India

Energy storage solution provider Okaya has said it has augmented charging infrastructure in the country and has so far installed over 500 chargers for electric vehicles across the country.

Besides this, the company has over 10,000 chargers installation orders with it as well. A flagship of the Okaya Group, the company’s e-mobility ecosystem portfolio includes AC and DC fast chargers for passenger cars and commercial vehicles, besides high voltage EV chargers, cloud-based central management systems, on-board chargers, among others.

400 EV charging stns to come up across AP

In a bid to push for electric vehicles (EV), the state government has decided to set up 400 charging stations in the state. Further, the state government is also considering a proposal to study real-time performance impact of providing electric two-wheelers to ward and village secretariat staff.

The government also has plans to set up testing facilities for vehicles and components, and intelligence testing tracks for electric vehicles with an investment of Rs 250 crores.

IOC to set up solar-power based charging stations for e-vehicles

Indian Oil will set up solar-power based electric vehicle (EV) charging stations following its successful study on a “proof of concept “ on “zero emission electric mobility”, a concept that allows the EV to charge using solar power. The EV charging system has been designed by Hygge Energy, a start-up incubated by Tech Mahindra, and has three main features — EVs charged with solar power, no upgrades required in grid infrastructure, and improved grid resilience, especially in remote areas.

As a part of Indian Oil’s foray into alternative energy, the company has already set up 54 battery charging/swapping stations for EVs in partnership with various companies.

eBikeGo to install 3,000 electric vehicle charging stations across five cities by February

eBikeGo has announced that it will be setting up 3,000 electric vehicle charging stations across five cities in India in the next three months. The electric mobility solutions provider plans to expand its EV charging network to 12,000-15,000 in the next one year. These charging stations will be IoT-enabled and compatible with all electric two-wheelers.

In the first phase, eBikeGo will install 3,000 charging stations in five cities – New Delhi/NCR, Mumbai, Bengaluru, Hyderabad, and Chennai. The company will begin the installation of these stations from 1st December 2020.

OKAYA bags World Bank-funded contract from EESL for EV charging stations

Okaya Power Group firm OKAYA has bagged a World Bank-funded contract from state-run Energy Efficiency Services Limited (EESL) for supply, installation and commissioning of 1,020 multi-standard EV charging stations with CCS, CHAdeMO & Bharat specification protocol across India.

MSEDCL sets up 10 e-vehicle charging stations

MSEDCL had installed 10 electric vehicle charging stations in Mumbai region, with tests being completed this week and they will soon be thrown open to the public. Fifty stations are being set up across the state in the first phase, followed by a total 500 across Maharashtra by next year.

BattRE launches low-cost electric vehicle charging station for homes and shops

BattRE, an EV startup, recently announced the launch of RE:charge stations – low-cost electric vehicle charging stations powered by RevOS. Available at a price of Rs 3,000, the low-cost charging solution is aimed at its installation at homes, offices, or individual shops. RE:charge Stations can also provide an additional source of income for shop owners who can offer charging services to EV owners in the area. The RE:charge station owners would receive the payment directly through UPI.

IIT-Madras to run electric bus with innovative charging technology

IIT-Madras will run an electric bus, with an innovative charging technology, on the campus for students and staff. Hitachi ABB Power Grids in India has signed a memorandum of understanding with Ashok Leyland and the Indian Institute of Technology- Madras for the e-mobility pilot project. The electric bus will incorporate Hitachi ABB Power Grids’ innovative flash-charging technology — Grid eMotionTM Flash — that will be provided by Ashok Leyland. IIT-Madras will host the infrastructure to operate the flash charging system for the bus.

Partnerships and JVs

CredR, Hero Electric launch exchange offer on petrol two-wheelers

Online marketplace for used two-wheelers CredR and Hero Electric have entered into a partnership for exchange of any petrol-based two-wheeler for e-scooter or e-bike of the latter. Through the partnership, users will be provided with convenience and hassle-free exchange of used two-wheelers for electric scooters and receive their new vehicle within days.

Okinawa, CredR ink pact to launch exchange offer on petrol two-wheelers

Electric two-wheeler maker Okinawa and online platform for used bikes CredR have partnered to launch exchange offer on any petrol-based two-wheeler for e-scooter. The scheme was initially launched in Ahmedabad, Delhi NCR, Hyderabad, Jaipur, Bangalore and Pune, and will soon be expanded to other cities across the country. While exchanging the scooter, CredR will offer instant quotes for old petrol scooters, thereby reducing the upfront cost of Okinawa scooters.



Company name

Company type

Deal type


Deal value (in US$ Mn)



Ather Energy



Sachin Bansal, Hero MotoCorp


Ather Energy raises Rs 260 crore in fresh funding



EV Charging Startup


Venture Catalysts, Mumbai Angels, Keiretsu Forum and Ramakrishnan Family Office


EV services startup CHARGE+ZONE raises $3M in pre-Series A round led by Venture Catalysts

Fortum gets Finnfund to accelerate EV charging infrastructure[a1] 

Fortum has signed an agreement with Finland’s Finnfund whereby the impact investor will invest in a minority share of Fortum’s public charging point operator (CPO), Fortum Charge and Drive India Private Limited (FCDIPL), to drive growth of electric vehicles (EV) charging infrastructure in India. The transaction is expected to close by the year-end.

FCDIPL is a fast-growing e-mobility infrastructure provider, owning more than 70 public charging points at close to 40 locations in India and partnerships with marquee business groups across the country.

Other interesting reads

EV makers oppose GST cut on hybrid vehicles

The Society of Indian Automobile Manufacturers (Siam) may drop a proposal to cut goods and services tax (GST) on strong or full hybrid vehicles in its final budget recommendations to the government following stiff resistance from manufacturers of battery electric cars such as Hyundai Motor India Ltd., Tata Motors Ltd. and Mahindra and Mahindra Ltd. (M&M).

Last year, the government cut the GST on battery electric vehicles to just 5%, while hybrid vehicles continue to be taxed at 43% (28% GST plus cess). The high taxes are making it difficult for some companies to launch hybrid EVs in the country.

Uber adds e-rickshaws to platform, deploys 100 such vehicles in Delhi

Delhi has become the first Indian city where the ride hailing major, Uber has deployed 100 e-rickshaws on its platform. The vehicles have been deployed across 26 Delhi Metro stations.

Uber said the launch is in line with the company’s recently announced global commitment to make all rides on its platform 100 per cent emission-free by 2040 through zero-emission vehicles and the integration of public transport and micromobility.

JLR commences booking for electric SUV I-PACE in India

The vehicle comes fitted with a 90 kWh lithium-ion battery that delivers 400 PS of power from its two electric motors. The I-PACE’s 90 kWh lithium-ion battery comes with 8 years or 1.6 lakh km warranty. Additionally, I-PACE customers will benefit from a complimentary five years service package and five years Jaguar roadside assistance as well.The model, which will be launched with three variants, can accelerate from 0-100 km/h in just 4.8 seconds.

Government to allow electric two-wheelers to run as taxis

During a meeting with the governing council members of Federation of Automobile Dealers Associations of India (FADA), the Union Minister for Road Transport and Highways of India, Nitin Gadkari announced that the government will now be permitting two-wheeler powered by electricity or biofuels be operated as taxis.

Tata Motors delivers 45 SUV Nexon EVs to Kerala govt

The Kerala government had selected the company’s electric SUV for its ‘Motor Vehicle Department’. Accordingly, the selection for the MVD was made under the state government’s ‘Safe Kerala’ programme. The Kerala MVD will lease 65 Nexon EVs for a period of 8-years from the Energy Efficiency Services Limited (EESL) through the ‘Agency for New and Renewable Energy Research and Technology’ (ANERT).

Mumbai gets 26 new BEST electric buses under FAME India scheme

The Brihanmumbai Electric Supply and Transport undertaking (BEST) has received 26 new electric buses under Central government-sponsored FAME India scheme. The undertaking has received the first batch of 26 electric buses out of 300 under the FAME scheme. Till October end, the BEST had a fleet of 3,875 buses, of which 38 were electric buses.

Pure EV to expand capacity with new manufacturing facility

Electric vehicle startup Pure EV is on course to significantly expand its manufacturing base to a larger facility with an annual capacity of 2 lakh electric vehicles (EV) and battery manufacturing capacity of 5 GWh in comparison with the existing capacities of 20,000 EVs and 0.5 GWh, respectively. This will be achieved with a new 2 lakh sq.ft. the manufacturing plant, which the company intends to commission during 2021 to meet the anticipated growth in the Indian electric vehicles and Lithium battery market.

Global market updates

New energy vehicles to make up 20 per cent of China’s new car sales by 2025

Sales of electric, plug-in hybrid and hydrogen-powered vehicles in China, the world’s biggest auto market, are forecast to rise to 20 per cent of overall new car sales by 2025 from just 5 per cent now. Sales of so-called new energy vehicles (NEV), which include battery electric, plug-in hybrid and hydrogen fuel-cell vehicles will rise as China’s NEV industry has improved their technology and competitiveness, the State Council, China’s cabinet, said in a policy paper as part of the release of the country’s 14th five-year plan through to 2025.

Companies including Tesla Inc, Volkswagen AG and Nio Inc are expanding electric vehicle production in China, with sales expected to be around 1.1 million units this year.

General Motors to boost its electric vehicle spending, adds $7 bn more

General Motors announced that it would spend $27 billion on autonomous and wholly electric vehicles through 2025. This notes an increase of $7 billion from the Detroit automaker’s initial announcement earlier in March 2020. This 35% increase from the earlier investment plan is sure to assist General Motors reach its lofty goal of releasing 30 new electric vehicles by 2025. The majority of General Motors’ new vehicles are set to feature the company’s latest Ultium batteries.

Japan’s Nidec plans $2-b EV motor factory in Europe

Nidec Corp will spend ¥200 billion ($1.9 billion) on a new plant in Serbia to build motors for electric vehicles as it seeks to win more business from automakers turning away from internal combustion engines. The plant, which follows construction of an EV motor plant in China, is slated to open in 2023 with annual production of between 200,000 and 300,000 units a year.

Volkswagen takes on Tesla with first ID.4 electric models in China

Volkswagen AG launched two ID.4 electric sport-utility vehicle models in China, taking on Tesla Inc in the world’s biggest auto market. The ID.4 CROZZ model is being made by Volkswagen’s joint venture with FAW Group, while the ID.4 X is produced by a separate venture with SAIC Motor. The models mark the start of a major push by Volkswagen into the electric vehicle market in China to take on the likes of Tesla and Nio Inc.

The ID.4 models will have driving ranges of over 400 kilometers and offer over-the-air software updates. China chief Stephan Woellenstein said Volkswagen would roll out eight ID. family electric models in China by 2023.

Bentley reveals plan to go fully electric by 2030

Luxury carmaker Bentley has unveiled plans to go fully electric by 2030. Before then, the brand will be switching its model range to offer only plug-in hybrid or battery electric cars by 2026. Volkswagen-owned Bentley also aims to be completely carbon neutral across its manufacturing within a decade.

Fiat Chrysler and Engie EPS agree to set up e-mobility joint venture

Fiat Chrysler Automobiles and Engie EPS, a division of French utility Engie that focuses on energy storage systems and microgrids, plan to set up a joint venture to boost electric mobility. FCA and Engie EPS parent Engie signed an agreement in January to partner on new e-mobility solutions in 14 European countries to offer charging solutions for FCA vehicles.

The new venture will offer a full range of products and solutions, including residential, business and public charging infrastructure as well as green energy packages for electric vehicle customers across Europe.

Arrival goes public with CIIG Merger Corporation

The English electric commercial vehicle developer Arrival is planning to go public. This has been made possible via a merger with the CIIG Merger Corporation, for which a final agreement has now been signed.

The joint venture Arrival Group is expected to trade its shares on the US Nasdaq stock exchange under the ticker symbol ARVL from the first quarter of 2021. Arrival expects the IPO to generate gross proceeds of approximately USD 660 million (currently 558 million euros). This would give the company a valuation of USD 5.4 billion  (4.56 billion euros).

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