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CESL Announces Agencies For EV Charging Stations’ Installation

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The business will run under a build, own, and operate model, valid for eight years. The charging stations would be installed across eight cities.

Energy Efficiency Services Ltd (EESL) subsidiary CESL in an announcement gave a list of selected agencies for installation of battery swapping stations on 4 October. The list included 124 battery swapping stations, 352 standing chargers both for electric two and three-wheelers. There would be 1,294 standing DC fast chargers for electric four-wheelers across eight cities.

The business will run under a build, own, and operate model and it will be valid for eight years. The charging stations would be installed across Ahmedabad, Bengaluru, Chennai, Delhi, Kolkata, Mumbai, Pune and Surat, the company said in a statement.

Charge point operators (CPOs) will have a “right to use” the sites provided to them by CESL for setting up and operating the charging infrastructure in the area. Under this tender, operators will share in proceeds with CESL.

In the earlier mode of business, CESL had responsibility for investing, owning, and operating these stations. However, this business model is a shift from the previous one.

CESL has brought the change to business model to allow greater market participation. Business   model aims to enable and encouraging maximum participation of players and help set up the much-needed charging infrastructure in the country, the company official said.

CESL being a government agency, will ensure availability of land that is free from hinderances at locations that have been assessed and made publicly available. The said arrangement will be made for players to bid for the implementation of various types of EV charging and battery swapping stations, it further added.

In total 11 companies took part The tender process. Out of those 11, five have been selected. The selected operators will be responsible for designing, engineering, installation, testing, commissioning and operation of these e-vehicle charging stations.

“For scaling-up of electric mobility, appropriate charging infrastructure becomes a necessity. How to scale this and at the required pace has always been a challenge for us. This model of engaging with market players will give all of us the results we want which is widespread charging stations. And I am very optimistic about it,” said Mahua Acharya, MD and CEO, CESL.

Presently, 1,017 e-vehicle charging stations of which 427 will be for public use, are under implementation of CESL. Through this tender, 1,770 charging stations more will be added to the series of stations.

Also, CESL will soon come out with a mobile application and charge management system, of which development is in process. This will enable operators and e-mobility service providers host charging stations among each other’s system. It will allow the consumer to have maximum coverage and visibility.

cars

Delhi Favors Switch To Electric Mobility: Survey

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The survey also reveals that 80 per cent of the respondents are in agreement that a switch to EVs by delivery companies is important for tackling air pollution crisis

As per a survey conducted by Sustainable Mobility Network and other social organisations, Delhi consumers are in strong support of for the proposed aggregator scheme of the city government which requires a time-bound transition to electric vehicles by last-mile delivery and e-commerce companies.

The proposed scheme is speculated to be enforced by April 30, 2030, following which we can expect complete transition of Internal Combustion Engines (ICE) to electric vehicles (EV). This change will be palpable mainly among among  service providers, including e-commerce, delivery and transport logistics.

The survey was conducted among 9048 consumers, out of which 1500 were from Delhi. The result shows that 80 per cent of the respondents in Delhi attributed last-mile delivery vehicles as one of the reasons for rising air pollution in the city. The survey also reveals that 80 per cent of the respondents are in agreement that a switch to EVs by delivery companies is important for tackling air pollution crisis. 

money

Ashok Leyland Lines Up Rs 500 cr For Alternative Fuel Tech

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The Chennai-based firm has also lined up a Rs 500 crore investment to develop powertrains based on alternative fuels like CNG, hydrogen and electric for its commercial vehicles range

Bullish on the future of green mobility, the Hinduja Group flagship Ashok Leyland plans to set up a new manufacturing facility in the country to roll out electric vehicles, according to a top company official.

The Chennai-based firm has also lined up a Rs 500 crore investment to develop powertrains based on alternative fuels like CNG, hydrogen and electric for its commercial vehicles range.

The company has already announced a USD 200 million (nearly Rs 1,500 crore) investment through its UK-based arm Switch Mobility for electric mobility.

The commercial vehicle company aims to expand its electric vehicle portfolio as well as develop new engines keeping in mind the changing market requirements in the domestic as well as international markets.

“In Spain, we are coming up with a manufacturing facility and R&D centre and there are plans to grow this over the next few years. In India, we will be optimising the facilities that are available with Ashok Leyland.

“But I’m sure very soon we will require an independent facility as well. And that is something that is being looked at by the management team,” Ashok Leyland Executive Chairman Dheeraj Hinduja told PTI in an interaction.

Asked if the company has set some timeframe for the new plant, he noted that a lot will depend on the volume growth of electric vehicles.

“We are looking at all the opportunities and options available, so that capacity never becomes an issue if the market requires more products. So, I wouldn’t put a date to it right now. But we are keeping all our alternatives and options open,” Hinduja stated.

He noted that at the moment, the company feels quite comfortable regarding the production capacity for the next two years.

“We feel quite comfortable that for the immediate, let’s say, 24 months or so. Ashok Leyland would be able to provide the electric products that are needed for Switch,” Hinduja noted.

On the company’s EV product plans, he said Dost and Bada Dost models would be utilised to cater to the domestic and the SAARC markets.

“We are also looking at the production of a brand-new LCV (light commercial vehicle) range from the perspective of Switch which will be for the European UK and the US markets,” Hinduja said.

He noted that the company has electrified Dost and Bada Dost and prototypes are currently running.

“We are looking at Q4 of 2022 to be able to start production of our electric LCV from Switch’s perspective,” Hinduja stated.

Ashok Leyland is investing around Rs 500-700 crore for products for the domestic market, while Switch plans to spend close to USD 200 million in the next two- three years for the development of their new products, he added.

“It encompasses the electric buses and the electric LCV programme as well. But like I said, this is an ongoing program. Our immediate requirement would be around USD 200 million, but to complete all these programs, of course, over the course of time, more and more funds will be devoted to it,” Hinduja said.

He noted that over the next decade, alternative powertrains comprising battery electric and fuel cell electric will emerge, and Ashok Leyland has dedicated teams focusing on the development of these segments.

“In the next 3-4 years, we expect to spend around Rs 500 crore in the development of these technologies. Our ambition is to steadily move towards being carbon neutral, across all stages, while being customer-centric,” Hinduja said.

He further said: “When we talk about alternative fuels, CNG, LNG, hydrogen, electric, we are working on ensuring that we can cater to all the requirements of the market.”

The company’s vision is to be a top-10 global commercial vehicles player creating reliable and differentiated products and solutions, while delivering outstanding stakeholder value, he added.

PTI

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Elon Musk Sells Tesla Shares Worth $1.01 Billion

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Tesla Inc Chief Executive Elon Musk has sold another 934,091 shares of the electric vehicle maker worth $1.01 billion, U.S. securities filings showed on Thursday.

Tesla Inc Chief Executive Elon Musk has sold another 934,091 shares of the electric vehicle maker worth $1.01 billion, U.S. securities filings showed on Thursday.

He also exercised stock options to buy 2.1 million shares of Tesla, according to the filings.

(Reuters)