The dream comes true in our country now. Self-dependent India was the logo that was given by the PM of our country Mr. Narendra Modi and is now taken seriously by the government of the country. This means the government also tries to make their country well developed like the other countries. According to the news, there is a $10bn investment plan by the government for the production of electric buses. Meanwhile, this thing is quite clear that the craze for Electric vehicles is goings to increase in India. Anyways without wasting any time let me explain all the matter.
A major boost to making Indian roads, Greener. A 10 billion dollar contract is in the pipeline for electric buses. We understand, let’s find out what the plans are and what do we know? Because Electric Mobility is where it’s at. Now, as far as this piece of news, is concerned to get more electric buses on the road. The electric bus segment? That seems to be moving in the fast lane and let’s talk about the recent news flow as well as the
He’s that are a part of the same and going forward, what is BofA is targeting and looking forward to the growth opportunities in this particular sector. So today’s news report says that India plans 10 billion dollars of electric bus contracts and going forward, the state-owned see, ESL is planning to Tender 50,000, electric buses. And a lot of companies are seen to be beneficiaries of that. Because today, this year, at the, at an earlier part, C SL came up with the tender of close to 5500 buses.
Which was owned by Tata Motors and let’s talk about the companies that are a part of the same. There are two comparisons, one is the new guards. Wherein we have companies like electric Green Tech as we as well, as the PMI Electro, both of these companies actually cater to the two-thirds of the Nason debus market and apart from that JBM auto holds 19 percent market share overall. If we talk about the old gods, then Tata Motors is a beneficiary of the same where they hold around.
10% of the market share in the electric bus in India, and they recently formed a new subsidiary to focus specifically on the EV buses. Ashok, Leyland is another player that is lacking in the EV space right now, but they have good plans for the switch Mobility. So we will talk about that. So this is the recent development going forward. The industry is expected to have a good amount of orders as well, but BofA has come up with a very interesting report where they say that the opportunity size is indeed huge with a two million buses Fleet on Road.
And there is a lot of under penetration happening, but going forward, the industry is expected to touch 2 billion dollars in value. Within the next two years with around 20% plus EV penetration, they also have an advantage of the running, cause that’s very low at rupees 10 per km, verses 25 to 35 rupees for CNG and Diesel and because of that, that’s the news flow. All of these talk, around JBM and Tata Motors.
Charging ports
But the things do not stop here. If we try to invent something so there are few needs for that invention. In short, if we want to run electric buses in India so we also need so many high-turbo charging ports in every single place. A country like India where already has a shortage of charging ports. What happens if the Buses are also included in the EVs race. This is a big question mark by the way. As the world’s third-biggest emitter, India needs to build charging stations, improve grid capacities, and redesign depots to ensure the adoption of electric vehicles, said Acharya. She also listed ongoing shortages of battery supplies as a concern.
Risk
There are so many cases when we come to know that, the blasting in the electric vehicles has been done before. So talking about the risk, there will be a 70% risk of electric buses because they will ask for lots of charging, and the battery system. After this, so many equations come into the minds such as:-
What if, if the battery of the bus will blast?
What if, If the charging of the battery will discharge?
What if, If the charging ports are not available at a time?
Will the Electric buses have a swappable battery system? and many more.
So let me give the answer to every single question over here.
So the first question was What if the battery of the bus will blast?
See, this is true that there was lots of news going viral when the battery was blasted of Electric Vehicles. But the vehicles whose battery was blasted were Electric scooters, not cars. In India, there was 0 case when we came to listen that an electric car’s battery was blasted and nothing else. On the other hand, if Government expends that much amount so maybe they will improve and try to come up with an extra level facility.
What if, If the charging the battery will discharge? what if, if the charging ports are not available at a time? and will the Electric buses have a swappable battery system?
The answer to these three questions is the same answer If government provides Ev Buses so they will definitely provide the facilities which will help to maintain the running of EV buses. Because It’s true that EV buses are a new concept in India but on an international platform they are so traditional now and This time India will also take the help of international technology.
See for us as Indians we should be proud that we are also on the path of technology. But on the behalf of the customer of the facility, the doubt will be natural because it’s not about the money its also about the consumer’s rights also. So it will be interesting to see when and what exactly the structure of the buses will be. Till then we are just hoping for the best.
