1. Hero Electric ties up with Jio-BP for EV charging.

Hero Electric has joined hands with Jio-BP for EV charging solutions for its electric two wheelers. Under the proposed partnership, Hero Electric customers will get access to the EV charging and battery swapping network of Jio-BP.

Jio-BP operates its EV charging and battery swapping business under the ‘Jio-BP Pulse’ brand. With the ‘Jio-BP Pulse’ app, EV users can find stations nearby and book slots.

2. BLive and Canada-based Elocity join hands.

Multi-brand EV platform ‘BLive’ and Canada-based EV charging solutions provider ‘Elocity’ have signed an agreement to partner on the deployment and support of smart EV charging network in the Indian and global markets. BLive has presence in 46 Indian cities. Elocity gave a statement, “Combining our EV charging solutions with the BLive digital store system is important in addressing the issues of awareness, accessibility and affordability.”

3. BYD opens new showroom in Andhra Pradesh.

Warren Buffet-backed BYD’s India unit opened a new showroom in Vijayawada, Andhra Pradesh. The China-based EV manufacturer aims to provide customers in the Andhra region access to pure electric vehicles. The showroom is equipped with EV charging stations and is spread across 2000 square feet.

At present, BYD India sells the e6 MPV for fleet customers. The e6 is priced at Rs 29.15 lakh and comes equipped with a 71.7 kWh battery pack with a certified range of 520km.

4. Gensol Engineering set to rock the EV market.

Ahmedabad-based Gensol Engineering is trending these days with its entry in the EV market. The company has plans of manufacturing an electric car locally priced at around Rs.6 lakh! The company also has plans for electric three-wheelers.

Gensol will start manufacturing electric three-wheelers from October 2022 and electric cars next year.

The company’s stock has witnessed growing investor interest with the shares skyrocketing over 2600% in the last one year. Olectra Greentech, Tata Power & Motherson Sumi are among other EV company stocks that have almost doubled investors' money in over a year.

Gensol wants to manufacture an entry level electric car at a cost less than Rs.6 lakh. Presently, Tata Tigor is the only relatively cheap electric car in the market at Rs.12 lakh followed by Tata Nexon.

The company plans to set up a manufacturing plant at Chakan Industrial Zone in Pune that is expected to make electric cars from next year. The plant will have a capacity of 12,000 cars per year initially.

5. Union Territory of Ladakh’s EV Policy.

The Union Territory of Ladakh recently announced its electric vehicle policy to encourage buyers in the region. The policy offers a capital subsidy of 10% on purchase of electric two, three and four-wheelers. All EVs have been exempted from payment of road taxes.

Ladakh’s EV policy also offers incentives for EV charging facilities with tariffs being charged at domestic rates. Common public charging facilities in parking areas of residential, commercial and institutional establishments will be set up.

Commercial public EV charging stations for two-wheelers, cars and buses will be eligible for capital subsidy of 25% on equipment cost for the first 15 EV charging stations.

The UT also plans to have 10% of notified parking spaces reserved for EVs with reduced parking charges.

For complete EV charging solutions, explore the Kazam website.