Page 12 - TrafficInfratech Magazine Feb - Mar 2020

NEWS

HPCL sets up first EV Tata’s EV Ecosystem
charging station in n what could be the first initiatives N Chandrasekran, Chairman, Tata
Gujarat of its kind for the 152-year old Sons, said at the launch of Exon EV, that
ITata Group, eight companies - Tata the shift to EV was not just about selling
industan Petroleum Motors, Tata Power, Tata Chemicals, more cars, but it’s about the ecosystem.
Corporation Ltd has set up its Croma, Tata Auto Components, TCS, “Our group companies have worked
Hfirst electric vehicle charging Titan and Tata Finance have joined hard over the last 18 months to provide
facility in Vadodara at Karelibag hands to create an indigenized electric the entire gamut of services under the
locality. HPCL will plan, develop and vehicle (EV) ecosystem in India. “The EV platform- Tata Universe.” Tata Motors
install EV charging facilities at suitable Group has united and is leveraging on is coming out with four more EVs – two
locations throughout the country. The each company’s strength. This is not the SUVs, one Hatchback and one Sedan
launch of just a vehicle, but the launch
EV stops will be equipped to charge of an ecosystem,” announced Guenter over the next 24 months.
two, three, and four-wheeler vehicles. Butschek, CEO & MD of Tata Motors. To further push the EV adoption, Tata
Motors Finance will provide alternative
This alliance will focus on 100% financing options including bullet finance
localisation of manufacturing the EV to the customers. “Under Bullet Finance
batteries, cells, auto components, the company will offer easy finance
charging facilities and store-in-store options for 90% of the loan amount in
Investment in NHs experience facilities by the Tata Group the first 46 months, while the remainder
companies. In fact, Tata Sons has
will be charged as the bulk amount over
ndian government recently deployed this strategy for the first two months,” said Samrat Gupta, CEO
approved a proposal for the time in Nexon EV, the compact electric Tata Motors Finance.
Idevelopment of 780km of national utility vehicle (CUV). The battery pack To cater to the growing demand of
highways in four states that will set for Exon EV has been provided by Tata EV, Tata Power has already setup 100
new standards for green highway Auto Components and Tata Power will charging stations in eight cities. “There
projects in the form of green cover, provide the battery charging facilities would be 300 charging facilities by
utilisation of reusable material in laying and captive charger installations at March 31, 2020, and 650 plus by FY21
roads etc. The project investment the customers’ home. Powered by the
includes Rs 3,500Cr (USD 500 million) cutting-edge Ziptron technology, this in 22 cities. All the public chargers will
assistance from the World Bank under vehicle promises zippy performance, an be fast chargers. We are also providing
Green National Highways Corridor ARAI certified anxiety-free range of 312 the captive home installations for Nexon
Project (GNHCP). km on a single charge, an efficient high EV battery chargers,” Praveer Sinha, CEO
and MD, Tata Power said.
Apart from construction of these voltage system, fast charging capability,
highways, the project would include extended battery life and class leading According to Shailesh Chandra,
strengthening of the Highway/Bridge safety features. Tata Chemicals has President Electric Vehicle and Corporate
Engineering Lab in the IAHE (Indian tied up with component companies Strategy, Tata Motors the Company’s
Academy of Highway Engineers) for to manufacture the battery cells at localized content has helped price the
testing of materials to assess quality of the battery recycling plant at Dholera, vehicles at prices close to automatic
works and impact of interventions in while Croma will provide the store-in- CUVs, which could not be done by the
climate resilience among other factors. store experience facilities with test-drive peers due to high import duties they
The projects have been selected based options. might have to pay.
on the necessity of providing smooth
and motorable roads after considering
the socio-economic needs of the
region.
The selected stretches will pass
through industrial areas, rich
agricultural belt, tourist places,
religious places, and areas which are
backward in terms of growth and
income.

12 February-March 2020 / TrafficInfraTech www.trafficinfratech-com-500653.hostingersite.com