According to Delhi’s Think Tank, Dialogue and Development Commission of Delhi (DDCD), under this scheme, the Delhi government is planning to give incentives to the online market which is involved in app-based doorstep delivery of goods and services. The scheme is called Dialogue and Development Commission of Delhi. If the incentives get approved, then it may become a part of the Delhi Electric Vehicle Policy.
EV in India
Ather Energy is an electric scooter manufacturer company founded in 2013 by Tarun Mehta and Swapnil Jain. It manufactures two electric scooter models- 340 and 450. The Bengaluru based electric scooter manufacturer closed an investment of $51 million in its latest funding led by Sachin Bansal, Co-founder of Flipkart and BAAC Investments. Ather is now planning to set up a manufacturing facility which will be used to manufacture one million vehicles in a year. The team is also planning to set up 6,500 Ather Grid Fast charging points across the country in the next 5 years with an investment of 130 crores. The company aims to reach at least 30 cities by the end of 2023. Hero MotoCorp, initially known as Hero Honda, a New Delhi based Scooter and Motorcycle manufacturer, converted its convertible debt of $19 Mn and InnoVen Capital had extended an $8 Mn venture debt in this round. These funds will be used to expand in Chennai.
Maruti May Drive-In Electric Vehicle Next Year
India’s largest carmaker, New-Delhi based car manufacturer is on a plan to launch a small Electric Vehicle by next year. RC Bhargava, the Chairman of Maruti Suzuki says that the WagonR Electric is under test and will be launched next year. Currently, Maruti Suzuki is testing 50 electric WagonRs. However, the success in this is a little doubtful as it will be an expensive deal. The car may be priced around 12 lakh, on the contrary, the regular petrol car costs around Rs. 4.2-5.70 Lakh. The difference between the two is large. Hence, it is dubious if it will be successful or not.
NITI Ayog Proposes Sale of Electric Two, Three Wheelers
NITI Ayog panel led by Amitabh Kant proposed the ban of two-wheelers below 150 cc and three-wheelers with an internal combustion engine to be banned from 2025 and 2023 respectively. NITI Ayog believes this will not only help in preventing pollution but also eventually make India an electronic vehicle manufacturing hub.
Ola Electric Stepping Up Its Game
Ola is also planning to jump into the market for its EVs. Arun Sarin, the former CEO of Vodafone has been appointed as the independent director of Ola Electric. Sarin said Ola’s electric vehicle will be now focussing on two-wheelers and three-wheelers and also make sure that recharging remains an easy task.
Apart from the aforementioned brands planning to enter the market, it has been reported that another EV manufacturer, Twenty Two Motor has received a worldwide patent for the invention of its hill assist control feature. This feature will help the riders to avoid accidents. In a sloppy area, hill-assist control automatically stops the two-wheeler from rolling backward and gives the rider a few seconds to accelerate forward, which will reduce the number of accidents. Another Mumbai-based Greaves Cotton, which is known for manufacturing diesel engines, generators, and pump sets has now started the manufacturing of the high-speed electric scooter named Zeal.
Considering that Indian brands are now trying their hands in EVs now, the market is going to be full of competition. Even the central govt. is in favor to start the EVs as it will help in a lot of ways by preventing pollution. If we look at the market, personally, I feel that Ola is going to be the winner in this race. Maruti Suzuki’s higher price will be one reason for people to opt for Ola Electric. Maruti Suzuki has a very remote chance of getting success in their plan of launching such a high priced vehicle. Ather Energy may turn out to be the first runner up in this one as it has the back of someone like Sachin Bansal. The competition is not high at the moment, but it will be quite a battle in the coming next years. The biggest challenge that these companies will face is the lack of charging points, it is nearly non-existent as of now. However, the success of EVs cannot be judged solely on this as these innovative ideas have just entered the market. The number of charging points will incearse as its demand increases.