Tag: Electricity Access in India

TOP Electric Vehicle (EV) Stocks Companies To Watch In 2022

Tata Elxsi

Tata Elxsi is among the world’s leading design and technology services providers across industries, including Automotive, Broadcast, Communications, Healthcare, and Transportation. We help customers reimagine their products and services through design thinking and the application of digital technologies such as IoT (Internet of Things), Cloud, Mobility, Virtual Reality, and Artificial Intelligence.

Tata Elxsi commenced its business on 5th May 1989 in Bangalore, the Silicon Valley of India, to develop and promote applications of electronics, embedded systems, and software. The Mission was to foster innovation in the fast-emerging IT market and accelerate the adoption of leading-edge technologies. Today, Tata Elxsi is recognized as a premium engineering service provider worldwide and amongst the leaders in the automotive, media, broadcast, communications, and healthcare industries.

Tata Elxsi brings together the best technology and user-centric design expertise to help customers deliver innovative solutions and great consumer experiences. Our integrated Design and Technology teams help enterprises reimagine their products and services – from strategy, consumer research and insights, to service and experience design, technology implementation, integration, launch, and beyond. Company’s Website: https://www.tataelxsi.com

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KPIT Technologies

KPIT is a leading independent software development and integration partner helping mobility leapfrog towards a clean, smart, and safe future. With 7000 employees across the globe specializing in embedded software, AI, and digital solutions, KPIT accelerates clients’ implementation of next-generation technologies for the future mobility roadmap. With engineering centers in Europe, the USA, Japan, China, Thailand, and India, KPIT works with leaders in automotive and mobility and is present where the ecosystem is transforming.

It has innovative electrification technology ‘REVOLO’.

It has received a strategic large deal from BMW Group for the next generation charging electronics program.

Is also helping build PowerTrain Software Architecture for next-generation vehicles

Company’s Website: https://www.kpit.com

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ABB Power Products and Systems India Ltd.

APPSIL was formed following the Hitachi’s acquisition of 80.1% stake in the global power grids business of ABB Ltd in Dec, 2018 & the subsequent divestment and transfer of global power grids business unit of ABB into a new JV, Hitachi ABB Power Grids Ltd (Hitachi – 80.1% & ABB – 19.99%) which was incorporated in Feb, 2019.

ABB Power Products and Systems India Limited develops, engineers, manufactures, and sells products, systems, and projects for electricity transmission and related activities in India and internationally.

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ABB India

ABB is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 110,000 talented employees in over 100 countries.

It’s parent ABB is one of the leading EV Charger-maker globally. It is known for its Terra AC Wallbox. Audi has roped In ABB for its Premium Charging Infra in India. Newly launched Audi e-tron offered with ABB’s smart Terra AC Wall Box charger along with car.

Company’s Website: https://new.abb.com

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(Image: ABB)

ABB powers e-mobility with launch of first 350 kW high power car charger called ABB Terra.

Siemens

With a focus on electrification, automation and digitalization, Siemens India stands for engineering excellence, innovation, and reliability. As one of the world’s biggest producers of energy-efficient, resource-saving technologies, Siemens is a pioneer in infrastructure and energy solutions, automation and software for industry and is a leader in medical diagnosis. Siemens also provides business-to-business financial solutions, rail automation and wind power solutions.

VersiCharge – Its new wallbox for cost-optimized charging. It has tied up with Hinduja Group’s Switch Mobility. It has also signed MoU to play key role in electric commercial vehicles segment. Siemens would provide the charging infrastructure technology.

Company’s Website: https://new.siemens.com

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Tata Power

Tata Power, formerly a part of the three entities jointly known as Tata Electric Companies, is a pioneer in technology adoption, with many firsts to its credit, supporting the country’s energy independence.

Tata Power, together with its subsidiaries & joint entities, has a generation capacity of 13,061 MW of which 32% comes from clean energy sources. The company has the distinction of being among the top private players in each sector of the value chain including solar rooftop and value-added services.

Tata Power is a pioneer credited with steering the energy sector on technology, process and platform. Powering emerging technologies for the ‘smart’ customer, Tata Power’s latest business integrated solutions, focusing on mobility and lifestyle, is poised for multi-fold growth.

Since its inception in 1915, Tata Power now has over a century of expertise in technology leadership, project execution excellence, world-class safety processes, customer care and driving green initiatives, Tata Power is committed to ‘lighting up lives’ for generations to come.

Company’s Website: https://www.tatapower.com

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Castrol India

Castrol India Limited is an automotive and industrial lubricant manufacturing company. Castrol India is the 2nd largest manufacturer of automotive and industrial lubricants in the Indian lubricant market. It is part of Castrol Limited UK (part of BP Group). It has 5 manufacturing plants that are networked with 270 distributors, serving over 70,000 retail outlets.

It has recently launched EV Fluid Range i.e., Castrol ON e-thermal fluid, an innovative dielectric fluid formulated specifically for direct cooling. This helps to keep the batteries cooler even in extreme conditions. Study shows this fluid allows for 41% faster charging. Company’s Website: https://www.castrol.com

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Sona BLW Precision Forgings Ltd.

SonaComstar is an Indian origin, global automotive systems & components manufacturer with 9 plants spread across India, China, Mexico, and the USA. thecompanyisoneofIndia’sleadingautomotivetechnologycompanies,designing,manufacturingandsupplyinghighlyengineered,missioncriticalautomotivesystemsandcomponentssuchasdifferentialassemblies,differentialgears,conventionalandmicro-hybridstartermotors,BSGsystems,EVtractionmotors(BLDCandPMSM)andmotorcontrolunitstoautomotiveOEMsacrossUS,Europe,IndiaandChina,acrossallvehiclecategoriessuchasconventionalpassengervehicles,commercialvehicles,off-highwayvehicles,electriccars,electriclightcommercialvehicles,andelectrictwo&threewheelers.

In a nut shell, it is a leading supplier to global EV markets. Approximately 14% Revenue is from pure battery-electric vehicles (BEVs) & around 27% Rev from Hybrid & Micro-Hybrid vehicles. It has been gaining market share competing with global peers. At present, most business comes from international market.

Company’s Website: https://sonacomstar.com

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Starter Motor manufactured by Sona Comstar Ltd.

Stocks covered so far (with CMP):

Tata Elxsi (Software Services & Design) – Rs 5551

KPIT Technologies (IT Services & Consultancy) – Rs 319

ABB Power Products and Systems (Original Equipment Manufacturer) – Rs 2410

ABB India (Infrastructure) – Rs 1846

Siemens (Infrastructure) – Rs 2187      

Tata Power (Infrastructure) – Rs 138

Castrol India (Original Equipment Manufacturer) – Rs 137

Sona BLW Precision Forgings (Original Equipment Manufacturer) – Rs 570

 

 

 

NITI AAYOG: HANDBOOK of ELECTRIC VEHICLE CHARGING INFRASTRUCTURE IMPLEMENTATION

NITI Aayog today released a handbook to guide state governments and local bodies to frame policies and norms towards setting up charging networks for electric vehicles (EV). The objective is to enhance charging infrastructure and facilitate a rapid transition to electric mobility in the country.

[embeddoc url=”http://www.niti.gov.in/sites/default/files/2021-08/HandbookforEVChargingInfrastructureImplementation081221.pdf”%5D

The Handbook for Electric Vehicle Charging Infrastructure Implementation has been jointly developed by NITI Aayog, Ministry of Power (MoP), Department of Science and Technology (DST), Bureau of Energy Efficiency (BEE), and World Resources Institute (WRI) India.

READ THIS : Major six benefits of switching to Electric Vehicles (EVS)

The Handbook provides a systematic and a holistic approach for adoptions by implementing authorities and other stakeholders involved in planning, authorisation and execution of EV charging infrastructure. It presents an overview of the technological and regulatory frameworks and governance structures needed to facilitate EV charging. It focuses on the present needs of charging infrastructure development while considering the evolving nature of the sector.

The transition to electric mobility is a global strategy in the fight against climate change, on which India has expressed ambitious aspirations. “The handbook addresses the common challenges being faced by different local authorities in implementing EV charging networks. It serves as a starting point for the peer-to-peer exchange of best practices between states and local bodies,” said Dr Rajiv Kumar, Vice Chairman, NITI Aayog.

READ THIS : TAX BENEFITS ON ELECTRIC VEHICLES AS PER BUDGET, 2019

“The EV ecosystem in India is evolving rapidly and there are several players entering the charging infrastructure market. This handbook provides holistic governance for public and private stakeholders to work together in establishing robust and accessible EV charging networks,” said, Mr Amitabh Kant, CEO, NITI Aayog.

EV charging is a new type of power demand for discoms, which play a pivotal role in providing seamless power supply connections for charging facilities and ensuring that the electrical distribution network has the requisite capacity to serve this demand. “The Ministry of Power and it’s Central Nodal Agency for the establishment of Charging Infrastructure for EVs in India i.e. the Bureau of Energy Efficiency (BEE), are working closely with DISCOMs and State agencies in overcoming barriers to charging infrastructure implementation, for which this handbook will be greatly helpful. With the rapidly growing share of renewables in the energy mix in the country, the benefits from transition towards e-mobility are only expected to become more significant in the coming years,” said Mr Alok Kumar, Secretary, Ministry of Power.

Unlike fossil fuel-powered vehicles, electric vehicles can be charged at any location, provided charging points are available. This requires a distinct approach to planning EV charging networks—one that allows them to charge whenever they are parked, either at night or during the day. Local authorities need to set targets for the required scale of public charging infrastructure and ensure that it is covered in planning processes. “The handbook highlights the critical role of planning authorities in integrating EV charging infrastructure into their transport and urban planning frameworks. It’s a timely resource to support local planning for charging networks, as more states and cities begin to consider the requirements for charging infrastructure implementation,” said Dr OP Agarwal, CEO, WRI India.

Creating a robust, widespread network of charging points either public or private—is crucial to support this transition. “The DST is spearheading the development of Indian standards and prototypes for EV charging, to support cost-effective charging networks that are tailored for the requirements of the EV ecosystem in India. The distributed planning approach for low-cost EV charge points defined in this handbook is well-aligned with the upcoming standards, and can support the rapid scaling of charging infrastructure,” said Dr Ashutosh Sharma, Secretary, DST.

While the MoP has set a national target of having at least one charging station for every 3*3 grid, or at every 25km on a highway, setting granular targets and plans are up to urban local bodies or state nodal agencies. The handbook is primarily meant for implementing authorities like municipal corporations and discoms but also highlights regulatory measures that can further ease the process of installing charging infrastructure.

The handbook has received the support from the Ministry of Housing and Urban Affairs, Ministry of Environment, Forest and Climate Change, and Department of Heavy Industry.

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CCEA grants over 8 thousand crore rupees for
continuation and revamping of Infrastructure Viability
Gap Funding

CCEA grants over 8 thousand crore rupees for continuation and revamping of Infrastructure Viability Gap Funding

The Cabinet Committee on Economic Affairs, CCEA has approved continuation and revamping of the Scheme for Financial Support to Public Private Partnerships in Infrastructure Viability Gap Funding Scheme till 2024-25 with a total outlay of eight thousand 100 crore rupees. The aim of this Scheme is to promote Public Private Partnerships in social and economic infrastructure for efficient creation of assets, their proper operation and maintenance and make the economically and socially essential projects commercially viable. Finance Minister Nirmala Sitharaman said, this will cater to Social sectors such as Waste Water Treatment, Water Supply, Solid Waste Management, Health and Education sectors.

‘Electricity Access in India and Benchmarking Distribution Utilities’ report launched

NITI Aayog, Ministry of Power, Rockefeller Foundation and Smart Power India today launched the ‘Electricity Access in India and Benchmarking Distribution Utilities’ report. According to the report, 92 per cent of customers reported the overall availability of electricity infrastructure
within 50 metres of their premises. 87 per cent of the surveyed customers have access to gridbased electricity. The remaining 13 per cent either use non-grid sources or do not use any electricity at all. The hours of supply have improved significantly across the customer categories to nearly 17 hours per day. The report is based on a primary survey conducted
across ten states, representing about 65 per cent of the total rural population of India and with a sample size of more than 25 thousand, including households, commercial enterprises and institutions.

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