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4 Biggest Updates! 100% manufacturing in India | भारत की शुरुआत | Electric Mobility Manufacturing

4 Biggest Updates! 100% manufacturing in India | भारत की शुरुआत | Electric Mobility Manufacturing
LINK- https://www.business-standard.com/article/companies/hero-cycles-delivers-first-batch-of-made-in-india-e-bikes-to-europe-121062600657_1.html
https://www.techradar.com/in/news/ev-buzz-in-india-gets-bigger-tvs-group-to-set-up-plant-in-hosur
EV buzz in India gets bigger - TVS group to set up plant in Hosur
Australian cricket commentator and former player Bill Lawry had a popular line, "it's all happening here at the Sydney Cricket Ground." And if he were commentating on what is underway in the EV (Electric Vehicles) manufacture in India, he would doubtless say "it's all happening at Hosur".

The industrial town of Hosur in Tamil Nadu has emerged as the nerve centre for the production of the EVs in India. Ola's gargantuan Rs 2,354 crore Futurefactory is at Hosur, and as it happens, the bookings for Ola's electric scooters have begun at Rs 499. But more of this later.
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At Hosur itself, Ather, the pioneers in EVs in India, has its manufacturing base.

And now we have one of India's top automobile companies, the TVS Group, is said to be pumping in Rs 1000 crore for setting up its EV production base in Hosur.
TVS Hosur plant to have capacity for 1 lakh EVs
According to a report in The Times of India, "the proposed new factory will come within the existing Hosur complex of the company, which makes motorcycles for both TVS and BMW. This EV plant will have a capacity of around 1,00,000 units a year, which will include both two and three wheelers."

TVS Motor is said to be in the process of setting up a separate subsidiary for its EV business.

TVS Motor has already launched in India its iQube escooter. It has also made investments in Ultraviolette Automotive that builds electric bikes. TVS Motor company is also in a tie-up with Convergence Energy Services to set up charging stations across India.

Aside from TVS Group, two other big companies are planning to set up EV units in Tamil Nadu.
Well known engineering company Greaves Cotton is to invest about Rs 700 crore over a period of 10 years to set up an EV plant with an annual capacity of one million units at Ranipet in Tamil Nadu.

Another company, the Tube Investments of India (belonging to the established Murugappa Group) is coming up with an EV plant at an investment of Rs 38,105 crore. It may focus on 3-wheeler EVs to start with.

Ola makes an aggressive start with Rs 499 booking

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18 июля 2021 г. 19:34:00
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