American company Electron EV will knock in India soon
US-based Electron EV on Monday announced that it will foray into the electric vehicle (EV) segment of the Indian market.
This EV company has planned to bring electric commercial vehicles such as delivery vans, trucks and buses in the country.
According to the information shared by the company, it is coming to India with plans to make its facilities available in both B2B and B2C markets with its products and end-to-end mobility solutions.
The company’s aim is to improve technology
Electron EV Founder Rakesh Koneru said, “As the EV segment in India is growing rapidly, we are planning to introduce the company’s best EV technology through our products along with the charging infrastructure here.
This EV company also aims to work on the limitations of battery technology, prices of electric vehicles, charging infrastructure, expensive batteries and the time taken to fully charge an EV.
New companies in the Indian commercial electric vehicle market
Many companies like Switch Mobility and UPS have introduced their commercial electric vehicles in the Indian market. The Switch recently introduced the EiV 12 electric bus, which claims to offer a range of 300 kms on a single charge.
Notably, Switch Mobility is the electric vehicle division of leading commercial vehicle maker Ashok Leyland. The company has introduced this electric bus in two variants.
America’s Ability Electric also came to India
Recently, another US-based electric vehicle maker, Biliti Electric, also announced to start its business in India.
This company introduced the world’s first Hydrogen Fuel Cell (HFC) powered electric three wheeler, which has been named ‘Fastmile’.
Ability Electric also entered into a partnership with Hyderabad-based Gayam Motor Works (GMW) in India last year, under which it will operate in India.
At present, the sales of electric vehicles in India have seen an increase.
According to government data, their sales have registered a three-fold increase in the last one year.
According to a report by the Union Ministry of Road Transport and Highways, by August 3, 2022, their number on Indian roads stood at 13.92 lakh.
This also revealed that the commercial sector is ahead of the private vehicle sector in the adoption of EVs.