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Automotive Product Finder Magazine | India Plugs Onto Ev Mode Start Up Drives Innovation
India Plugs Onto Ev Mode Start Up Drives Innovation
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After government’s adoption of EV policy, the Indian electric vehicles industry saw start-ups which have shown endless possibilities ranging from cars, sports bikes to E-bikes. Many showed long range options as well with better mileage. Key areas like battery, E-rickshaw, accessories and charging stations have been addressed well with partnerships with government, fostering paced infrastructure development. Some start ups have already been taken over by automotive giants, which clearly depicting their importance in the development of EV industry.
The automotive sector across globally are developing technologies to scale up adoption of the electric vehicles (EVs), thereby, reducing the carbon footprint. India too has given the necessary policy push to catalyse adoption. It is estimated that by 2030, as many as 40 per cent of new vehicles sold in India, approximately 24 million, could be battery powered. Many start ups have been driving innovation in the EV segment. There are as many as 250 new EV-based companies, since 2011 catering from EV drivetrain to accessories, as per the finding of NITI Aayog findings.
India is already fifth largest automobile market and is world’s third largest importer of Crude oil. In order to liberate India from the dependency on Crude oil imports, the government has come up with host of initiatives in the current Union Budget and earlier with the policy front.
Concerns over adoption
Looking at the passenger vehicles (PVs), adoption is very slow looking at the allied infrastructure is not yet available on a larger scale. A positive adoption response for two wheelers have been recorded by a very few companies in the market. Raising concerns over current situation over EVs, Shalendra Gupta, CFO, Altigreen Propulsion Labs says, “There is a need for right products. Consumers are hesitant in adopting EVs as they haven’t come across a solution which is affordable and solves their purpose. The investment for EV today is huge and there is uncertainty about its use as you may have a charging facility at home but what about the destination to reach?”
Gupta adds, “We at Altigreen are developing technology that will be scalable and can be applied in reality. Batteries have to better, if we are looking at better penetration of EVs in India by 2030 aligned with the government’s mission.”
Electric cars are in the news in India, but very few have so far hit the roads. Less than 0.01 per cent of cars were bought by Indian consumers in the year 2017 were electric, while the recent slowdown has affected EVs too, bringing down the adoption ratio. However, the transition from conventional internal combustion engine (ICE) based vehicles to electric vehicles could be very quick. A recent study suggests that a significant share of consumers already consider electric cars as an option when choosing a new car.11 Rapidly decreasing battery costs, technological advances in charging infrastructure, innovative business models, the influx of smart digital technologies, as well as green policies and subsidies are creating excitement around electric vehicles. As these trends continue, EVs could match the initial cost of conventional ICE vehicles by the early 2020’s.
Varun Mittal, CEO & Co-founder, Emflux Motors, says. “One of the key barriers for a fast adoption of electric vehicles is the upfront capital cost of an electric vehicle. In 2018, showroom prices of EVs – whether a car, bus, 3-wheeler or motorcycle - were still 40-100 per cent higher than those of conventional alternatives. The main drivers are the expensive batteries and peripheral electronics, which contribute about 50% of total EV cost.”
The government has not left its departments behind in the adoption initiative. The government has already begun the process of electrifying its fleet of around 50,000 vehicles belonging to different departments and states by tying up with major auto manufacturers such as Tata Motors and Mahindra & Mahindra for their supply. The Hon’ble President of India recently signed a deal with Bolivia which would allow India access to Bolivian lithium reserves, lithium being a major component of Li-ion batteries. This signals the government’s intent to walk the talk on electric mobility.
E-Rickshaw grows despite slowdown
The Indian electric rickshaw market is projected to reach 935.5 thousand units by 2024, registering a CAGR of 15.9 per cent, according to Prescient & Strategic (P&S) Intelligence. The market has witnessed significant growth in the recent past, owing to rising environmental awareness, government incentives, and implementation of stringent regulations to curb environmental degradation. In addition, the growing end-user affordability for electric rickshaws, considerably low investment than an auto-rickshaw, pleasing daily earnings than cycle rickshaws, and a relative increase in investments by manufacturers for the designing and development of more efficient and affordable rickshaws are expected to benefit the market growth.
Though, the automotive industry is experiencing massive slowdown and even other dependent industries have been affected, E-rickshaw segment has shown considerable growth. “Rickshaws or autos drive a big share among metropolitan cities and now growing tier-2 cities in India. Recently, with the government’s push, we have sold around 250 auto-rickshaws. These e-rickshaws operate on a battery swapping model,” says Anil Goel, founder, CEEON India.
People tend to be cautious while investing money to buy an electric vehicle. On the contrary, E-rickshaw owners will buy it foreseeing the benefits and availability of the maintenance option close to their area of operation which makes it a win-win situation for E-rickshaw adoption.
“E-Rickshaws are one of the major components when it comes to the growth of the adoption. Tier I cities in India (with population greater than 4 million) typically have more than 50,000 auto-rickshaws, while Tier II cities (with population between 1 and 4 million) have between 15,000 and 30,000 auto-rickshaws. Thus, electrifying these rickshaws will be a major contributor of the segment,” adds Goel.
Hybrid vehicles to grow
Hybrid electric vehicle market is growing at a CAGR of 10.31 per cent. Commercial vehicle (CV) is projected to hold the largest market share while the passenger vehicle (PV) has the potential to grow. Electric Motor is the highest growing component for hybrid electric vehicle market. Parallel Hybrid is the highest growing electric powertrain type in the market. It is believed that the hybrid electric vehicles will be the link between the transitions from ICE to EV vehicles.
Varun Mittal, CEO & Co-founder, Emflux Motors, “We have developed an innovative liquid cooled AC induction motor boasting 50kw peak power, bound to turn more than few heads. Be ready for the exhilarating experience with peak torque on the wheel. Our Battery Management System (BMS) performs dynamically ensure optimum utilisation and maintenance of the battery. The BMS checks for temperature, over voltage, under voltage and imbalance conditions in the battery pack and act accordingly to mitigate the problem on real time. Our BMS enhances the longevity of battery cells and continued performance over extended life cycle. Versatility is the core theme behind the design enabling it to be embedded in all EV systems ranging from scooter to bus.”
Naman Chopra, Director and CEO, Rexnamo Automotive, says, “We have solutions to fit every categories based on the consumers power to spend. We have developed a proprietary technology battery system which charges in just 90 seconds. This can be a revolutionary technology.”
Chopra adds, “Fast charging will bring EVs and the conventional ICE vehicles on a similar platform. Our team is developing more possibilities making our EV offering to compete with the ICE vehicles. This would lead to quicker adoption of EVs and will also help to reach government’s vision of 2030”.
City buses also have business incentives to switch to EVs, but there are larger organisational and market barriers that slow adoption. Close to 90 per cent of the city bus market is privately owned, fragmented and unorganized 16. As a result, this group will likely wait for the infrastructure to be built rather than take a lead. State transport corporations own 10 per cent of city buses and often lack the required investment capital for a systematic transition to EVs, which includes the cost of EVs, the cost of developing charging infrastructure, the training of manpower for maintenance and service of vehicles. Lot has been happening on the public transport front as many state transport bodies and government PSUs are adopting hybrid and electric vehicles. Eicher electric busses have been supplied to the West Bengal Housing Infrastructure Development Corporation (WBHIDCO). With Tata will be providing 80 busses top West Bengal government. Municipal Corporation of Greater Mumbai currently has 4 hybrid buses which consist of solar to electric power (MCGM).
Start up leading technology innovation
Taking a renewable energy route, the Company is developing solar-powered charging stations for electric vehicles. It is also offering battery swapping services which can be very useful for E-rickshaws. Apart from sustainable energy, electric vehicles are preferred for customisation benefits. EV opens a window for customisation and Atom Motors is not an exception too. It also has a portfolio of E-cycles which will be a best-suited option for short commutes.
Recently the company grabbed a huge funding from Indian Angel Network. This funding would help them expand and re-invent the electric vehicle technology. This year Storm Motors was awarded as the top 10 technological startups by the government of India. Storm-R3 is a two seater electric car with two wheels at the front and a single wheel at the rear. Storm R3’s launch date could be around November 2019 and is expected to be priced at Rs 3 lakh.
The Company is a leading lithium battery technology provider and is currently developing battery solutions for electric vehicles to improved range of operation. They are working ahead to develop solutions on fast charging, improved battery charging range (more than 100 kms) which will be light in weight and compact. These solutions will also be affordable. Their battery modules and packs custom-designed for electric vehicles comply with the AIS-048 standard for safety requirements for traction batteries used in battery operated vehicles in India.
Rexnamo has built a revolutionary Graphene-based battery that can deliver high power and high energy density, with long life cycle and fast charging capacity(90 seconds). The technology uses a range-extender REXTM based on a Hydrogen fuel cell where hydrogen is stored, using an in-house developed technology. It is better than lithium-ion batteries due to its 95 per cent recycle value.
The Company has pioneered the electric rickshaw and scooters segment and has developed E-rickshaw, loaders and scooters for mid-range commutes. Their products are available between price range between Rs 35 and Rs 80 Lakh. It has also started its exports to the Indian-subcontinent and plans for more market share in exports. Their products are known for better batteries which last for a day and instantly charges overnight. The company also manufactures lithium-ion batteries.
The Company has built E-cycles and has taken online route to sell their products. Apart from its products, it offers conversion kits for bicycles. The bicycle has a range of 46 kms and comes with a rechargeable Lithium-ion battery which is very much portable.
Fast charging will bring EVs and the conventional ICE vehicles on a similar platform. Our team is developing more possibilities making our EV offering to compete with the ICE vehicles. This would lead to quicker adoption of EVs and will also help to reach government’s vision of 2030. Naman Chopra, Director and CEO, Rexnamo Automotive
In 2018, showroom prices of EVs – whether a car, bus, 3-wheeler or motorcycle - were still 40-100 per cent higher than those of conventional alternatives. The main drivers are the expensive batteries and peripheral electronics, which contribute about 50% of total EV cost. Varun Mittal, CEO & Co-founder, Emflux Motors.
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Indian Electric Vehicles Industry
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Prescient And Strategic Intelligence
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