The MoU sets a roadmap for the creation of an expansive EV charging infrastructure across the country….reports Asian Lite News
In a significant move to boost the electric vehicles (EV) infrastructure and build a greener future in the country, Mahindra & Mahindra on Thursday signed a memorandum of understanding (MoU) with Adani Total Energies E-Mobility Ltd (ATEL), a wholly-owned subsidiary of Adani Total Gas Ltd.
The MoU sets a roadmap for the creation of an expansive EV charging infrastructure across the country.
The partnership will also help roll out e-mobility solutions to provide seamless access to the charging network for the customers covering discovery, availability, navigation, and transactions, the companies said in a statement.
“This alliance is a cornerstone in enhancing the EV charging infrastructure, ensuring our customers enjoy seamless access to the charging network and digital integration for an unparalleled EV experience,” said Veejay Nakra, President – Automotive Division, M&M Ltd.
The Mahindra XUV400 customers will now have access to more than 1,100 chargers on the Bluesense+ App.
“This is one more step towards expanding the footprint of Adani Total Gas Ltd in the EV space. The collaboration with M&M for the charging infrastructure will bolster the confidence of customers to embrace EV technology as part of the energy transition,” said Suresh P. Manglani, Executive Director and CEO of Adani Total Gas Ltd.
“Together, such steps will help reduce carbon emissions, and help India meet its climate action goals,” Manglani added.
In line with COP 26 commitments, the partnership between Mahindra and ATEL is a testament to the collaborative efforts required to decarbonise transportation and move towards an electric and sustainable future.
With a focus on providing clean energy solutions to various segments, ATEL said it is committed to supporting India’s journey towards a sustainable and electrified future.
Meanwhile, Driven by conducive government policies and incentives towards a green future, India now has more than 150 two-wheeler electric vehicle (EV) startups, a new report said on Wednesday.
According to an analysis by global investment advisory firm Bernstein, the Indian EV segment is expected to grow 15-20 times to reach annual sales of 15-20 million units over the next decade.
“Around 85 per cent of the 65 models launched last year were such products — high-speed as against speed and range-constrained products, which used to be a feature of the startups,” according to the Bernstein report.
“The average battery capacity for new launches increased from 2.3 kWh (kilowatt-hour) in 2022 to 3 kWh,” the analysis noted.
TechCrunch was first to report on the Bernstein analysis. The new EV manufacturing policy, announced by the Central government last week, aims to not only attract global players to India but also stress on domestic value addition.
The new policy sets the stage for a vibrant future-mobility global manufacturing hub in the country.
The policy fixes a minimum investment of Rs 4,150 crore for foreign companies who want to set up EV manufacturing facilities in the country.
The Indian EV market is experiencing notable expansion, with a particular focus on meeting the surging demand for cleaner transportation, which is also necessitating a parallel expansion of charging infrastructure to cater to escalating demand.
The country may see 1 crore EV sales annually by 2030, generating nearly 5 crore jobs, according to Nitin Gadkari, Union Minister of Road Transport and Highways.
ALSO READ: India’s EV Two-Wheeler Startups Top 150
