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Tuesday, October 10, 2017

Companies plan mega investments on e-vehicles, batteries & charging infrastructure

Tata Power, ABB and Acme may set up charging stations while Microtek, Exide & Amron want to supply batteries.

NEW DELHI: India Inc is preparing plans for mega investments for the electric vehicle mission including charging infrastructure worth thousands of crores in cities, batteries and purchase of three-wheelers and cars. 

Government officials said they have held extensive discussions with more than 50 companies, domestic and foreign, for setting up charging infrastructure – a vital requirement of the country’s ambitious e-vehicle plan. Ola and several local taxi aggregators are also considering bulk purchases of electric three-wheelers and e-rickshaws and lease them, industry executives and officials said. 




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