India has been consistently innovating in the field of technology. Electric vehicles have always garnered the attention of people as the eco-friendly way to travel. Mahindra and Ola, the highly popular Online Cab Service, today got into a partnership with the Indian government to create the nation’s first mass mobility ecosystem.
The pilot project was inaugurated by Chief minister of Maharashta, David Fadnavis in Nagpur today. Nitin Gadkari, the Minister of Road Transport, Highways and Shipping , was also present at the site today. This initiative celebrates three years of the Modi Government in India. Soon, you will see hordes of electric vehicles in Nagpur, as it becomes the first Indian city with an electric fleet of 200 electric vehicles, including taxis, buses, e-rickshaw and autos.
Mahindra would be providing 100 new e2o Plus electric hatchback for this project. Other than Mahindra…Kinetic will be supplying 100 of its e-rickshaws – Kinetic Safar. This is the plan for phase one. In later phases the plan is to procure from other OEMs like Tata Motors, BYD, and TVS.
CM Fadnavis, apart from this revolutionary partnership, also unveiled electric charging stations built at Nagpur airport for efficient charging of these vehicles. Ola has built a total of four charging stations, with 53 charging points to power a fleet of 200 electric vehicles.
Launching this new initiative, CM Devendra Fadnavis said, “We are extremely proud of the commitment corporations like Ola, Mahindra and others are working towards building sustainable transportation for all. In support of this initiative, we have waived off VAT, road tax, and registration for all electric vehicles in the state, and we look forward to building Maharashtra as a model state for others to emulate in the future.”
Who Are Investing?
Turning Maharashtra into an electric vehicle friendly state was a ground breaking announcement by the CM. The potential of electric vehicles has yet to be tapped into in the Indian market. Ola has invested more than 50 Crores in this project, for developing infrastructure and 53 charging points. Ola also plans to invest $2 billion in e-vehicles in all cities of India and run one million electric-vehicles on the Ola platform by 2020, as per Ola Co-founder Bhavish Aggarwal.
Mahindra has been the pioneer in the field of electric vehicles in Indian market. With its initial foray into the field almost a decade ago, the company’s first electric car was e20 back in 2011. Since then, the company has invested a lot in electric vehicles. It has over 2700 electric vehicles running across India and as per Pawan Goenka, Managing Director of Mahindra and Mahindra.
Electric Vehicle Industry As Of Now…
With an ever increasing size of the Indian Automobile industry which is currently at 4.5 Lakh Crore Rupees…. to make the general public really go for electric vehicles, its important to lay stress of the marketing and promotional activities. Of course, the above mentioned incentives do help the electric vehicle industry.
In the later phases of the project, it is planned to expand this operation to other major cities of Maharashtra. With the aim of promoting eco-friendly transport, the government will be ready with its electric vehicle policy by December. The plan is to make India an “Electric Vehicle Nation” by 2032, as per Pawan Goenka.
The rising pollution and decrease in oil reserves makes this a welcome move. As per estimates, if electric vehicles are implemented and operational in the future, NITI Aayog report suggests that India can save up to 64% of anticipated passenger mobility-related energy demand and 37% of carbon emissions by 2030. At current oil prices, this will imply a net fuel cost saving of approximately Rs 3.9 lakh crore by 2030, the report said. That is a lot of money which can be put to better use.
Other than that ISRO is also being roped into this project to design the batteries of these vehicles as per Nitin Gadkari.
“It is our policy to encourage electric cars and buses. Shortly, I will be coming out with a policy regarding this. Hybrid cars should also be encouraged, it saves fuel”
The hopeful project has a huge potential and can change the scenery of the Indian automobile industry forever.