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      Electric 3W, Rickshaw Sales June 2022 – YC, Mahindra, Piaggio, Kinetic, Terra

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      Electric three wheeler retail sales increased 343 percent YoY and 15 percent MoM in June 2022Omega Electric RickshawElectric vehicles, be it two wheeler or three wheeler, are the future of mobility in India. There are also a number of electric passenger vehicles that are noting increased demand with more automakers jumping into the fray. Electric vehicle registrations in June 2022, driven by 2W, 3W and PVs accounted for 90.40 percent of total registrations in the month.The pandemic situation in the country saw an increase in on-line shopping that led to a phenomenal growth in demand for last mile delivery solutions that has in turn led to growth in demand in electric three wheelers in India.EV registrations in June 2022 were driven by electric two-wheelers and passenger-type electric three-wheelers, which together accounted for 90.40 per cent of total registrations in the month. Three wheeler electric passenger and cargo vehicle segment accounted for total retail sales of 26,910 units in June 2022, up 343 percent YoY over 6,072 units sold in June 2021. It was also a 15 percent MoM growth from 23,316 units sold in May 2022.Electric Three Wheeler Retail Sales June 2022YC Electric Vehicle led the segment with 2,385 units sold in the past month, up 342 percent YoY over 539 units sold in June 2021. It was also a 17 percent MoM growth from 2,045 units sold in May 2022. YC Electric currently has Yatri, Deluxe, eLoader and YC in its lineup.Electric Three Wheeler Sales June 2022 vs June 2021 (YoY)- FADAAt No. 2 was Mahindra Electric Mobility with 2,227 unit retail sales in June 2022, up 458 percent over 399 units sold in June 2021. The company also experienced a 17 percent MoM growth from 1,900 units sold in May 2022. In the electric three-wheeler segment, Mahindra offers cargo models such as Treo Zor and e-Alfa Cargo, and passenger models that include the likes of Treo, Yaari and e-Alfa Mini. Saera Electric Auto followed with retail sales of 1,435 units in June 2022. This was a 386 percent YoY growth over 295 units sold in June 2021 and a 5 percent MoM growth from 1,367 units sold in May 2022.NoElectric Three Wheeler SalesJune 2022June 2021May 20221YC Electric Vehicle2,3855392,0452Mahindra2,2273991,9003Saera Electric Auto PVT LTD1,4352951,3674Champion Poly Plast1,0882699405Unique International1,0341557706Dilli Elecric Auto PVT LTD1,0181921,0197Mini Metro EV L.L.P9361217528SKS Trade India PVT LTD545784219Terra Motors India PVT LTD5327754610E Royce Motors India PVT LTD505–211J.S. Auto (P) LTD48713349612Lectrix EV PVT LTD4822232613Energy Electric Vehicles45413142314Thukral Electric Bikes PVT LTD45111340815Best Way Agencies PVT LTD44317054216Vani Electric Vehicles PVT LTD40813047617Allfine Industries PVT LTD38810344218Speego Vehicles Co PVT LTD3718426819Daksh Industries3265218320Khalsa Agencies3254826421Bright Autozone PVT LTD31610330622Piaggio Vehicles PVT LTD3077139623Hotage Corporation India2913724124G.K. Rickshaw2587137625Star Bull E Motors2511617026Maa Shakti Exim PVT LTD2465318027Arrow Automotive2415818228Om Balajee Automobile2215316029Kinetic Green Energy2154012330Hooghly Motors PVT LTD2114012131Others (Below 200)8,5132,4197,471–TOTAL26,9106,07223,316At No. 4 was Champion PolyPlast with 1,088 unit retail sales in the past month, up 304 percent YoY from 269 units sold in June 2021. The company also reported a 16 percent MoM growth from 940 units sold in May 2022. YoY and MoM retail sales growth in terms of three wheeler retails was also experienced by Unique International. Sales stood at 1,034 units in June 2022 as against 155 units sold in June 2021 relating to a 567 percent growth. MoM sales improved 34 percent over 770 units sold in May 2022.Dilli Electric, Mini Metro, SKS Trade IndiaDilli Electric retail sales improved 430 percent on a YoY basis to 1,018 units up from 192 units sold in June 2021. MoM sales growth remained flat with 1,019 units sold in May 2022. Mini Metro saw a 674 percent YoY growth to 936 units, up from 121 electric three wheeler sold in June 2022 while MoM sales growth was at 24 percent from 752 units sold in May 2022.Electric Three Wheeler Sales June 2022 vs May 2022 (MoM)- FADAThe list also included SKS Trade (545 units), Terra Motors (532 units), E Royce (505 units), JS Auto (487 units) and  Lectrix EV (482 units) retail sales in June 2022. Of these electric three wheeler makers, it was Lectrix EV that posted the highest YoY growth of 2091 percent.Energy Electric retail sales were at 454 units while Thukral sold 451 units in the past month. Bestway (443 units), Vani (408 units), Allfine (388 units) and Speego (371 units) were also lower down on the list along with Daksh (326 units),  Khalsa (325 units) and  Bright Autozone (316 units). Other electric three wheeler makers such as Bright, Piaggio, Hotage and GK Rickshaw also posted significant YoY growth though some experienced a dip in MoM retail sales. More

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      Electric Rickshaw, Three Wheeler Sales May 2022 – YC, Saera, Mahindra

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      YC Electric Vehicle led the segment by a significant margin over Saera Electric Auto and Mahindra RevaModified rickshawSales of electric vehicles in India are increasing by leaps and bounds. Their growth over the past year can be seen across passenger vehicles, two and three wheelers; that too by a significant margin. Electric mobility is making rapid strides in the three-wheeler segment, owing to Government pressure on businesses to go green.  FADA has also stated that the three-wheeler market is seeing a tactical shift from internal combustion engines to electric with as much as 45 percent of three-wheeler market making a shift to EVs. Escalating prices of petrol and diesel has also had an effect on sales while the 3W electric segment is further boosted by services offered such as battery swapping and battery-as-a-service (BaaS).We talk here exclusively of electric three wheeler retail sales that increased 1100 percent YoY to 23,321 units in May 2022 up from 1,944 units sold in May 2021. It was also an 11 percent MoM growth over 21,053 units sold in April 2022.Electric Three Wheeler, Rickshaw Sales – May 2022The largest seller in this segment was YC Electric with 2,045 electric 3W sold in the past month. This was a 1103 percent YoY growth over 170 units sold in May 2021 while MoM retail sales increased by 8 percent over 1,885 units sold in April 2022. YC Electric has the Yatri, Deluxe, eLoader and YC in its lineup.Electric Three Wheeler / Rickshaw Sales – May 2022 vs May 2021 (YoY)Saera Electric at No.2 had retail sales at 1,367 units, up 1281 percent YoY over 99 units sold in May 2021. It was also a 17 percent MoM growth from 1,171 units sold in April 2022. Next up was Mahindra Reva with retail sales of 1,073 units, a YoY growth of 780 percent over 122 units sold in May 2021.Both Dilli Electric (1,019 units) and Champion Poly Plast (940 units) at No. 4 and 5 saw increased YoY retail sales to the extent of 1823 percent and 1467 percent respectively. MoM sales growth stood at 25 percent and 2 percent respectively over 813 units and 920 units sold in April 2022.Mahindra, Unique International, Mini MetroMahindra’s electric 3W retail sales were at 826 units in the past month, up 752 percent over 97 units sold in May 2021. MoM growth was at 2 percent from 810 units sold in April 2022. Unique International (770 units) and Mini Metro (752 units) also saw outstanding YoY growth of  1162 percent and 2792 percent respectively while MoM sales increased 11 percent and 18 percent over 695 units and 638 units sold in April 2022.Electric Three Wheeler / Rickshaw Sales – May 2022 vs Apr 2022 (MoM)Lower down the order was Terra Motors (546 units), Best Way (542 units), JS Auto (496 units) and  Vani (476 units). The 3W electric retail sales list also included All Fine (442 units), Energy Electric (422 units), SKS Trade (422 units) and Thukral (408 units). Piaggio sales increased 3860 percent to 396 units in May 2022, up from 10 units sold in May 2021 but dipped 30 percent over 568 units sold in April 2022.Omega Seiki is a relatively new entrant into the electric 3W segment. The company has noted sales of 242 units in May 2022, a 34 percent MoM growth over 181 units sold in April 2022. In June 2022, the company has launched the new Stream electric three-wheeler, priced at Rs 3.40 lakhs (ex-showroom), post government subsidies. The new Stream offers a range of 110 kms per single charge.NoElectic 3W SalesMay-22May-21Growth % YoY1YC ELECTRIC2,0451701102.942SAERA1,367991280.813MAHINDRA REVA1,073122779.514DILLI ELECTRIC1,019531822.645Champion Polyplast940601466.676Mahindra82697751.557UNIQUE INT770611162.308MINI METRO EV752262792.319TERRA MOTORS546401265.0010Best Way542119355.4611J. S. AUTO496341358.8212Vani EV47694406.3813ALLFINE INDUSTRIES442391033.3314ENERGY ELECTRIC422291355.1715SKS TRADE422142914.2916Thukral EV408221754.5517Piaggio396103860.0018GK Rickshaw37654596.3019Lectrix EV32656420.0020BRIGHT AUTOZONE306181600.0021Speego268171476.4722Khalsa26492833.3323Omega Seiki2420–24Two Friends24282925.0025Hotage24192577.7826Others8,1147351003.95–Total23,3211,9441099.64Omega Seiki also announced plans for the world’s largest electric three wheeler manufacturing unit in Karnataka. It is from this new plant that the company will roll out their range of 3Ws that include Rage+, Rage+ RapidEV, Rage+ Frost, Rage+ Swap, and Rage+ Tipper. The list also included other electric 3W manufacturers who have contributed 8,114 units to total retail sales in the past month up from 735 units sold in May 2021 and 7,054 units sold in April 2022. More

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      Electric Three Wheeler, Rickshaw Sales Beat Petrol, Diesel, CNG 3Ws

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      The electric three wheeler segment made a comeback after two years to scale past sales of its ICE counterparts and market share of 53 percentModified rickshaw imageThe pandemic situation in the country and across the globe over the past two years had taken a toll on vehicle sales. The electric vehicle segment, which was still in its nascent stage took a beating with sales crashing 37 percent in FY21.However, FY22 has seen sales come back even stronger to the extent that it has even beaten sales of its ICE counterparts with electric three wheelers registering 101 percent growth at 1,77,874 units. The segment is supported both by central and state government subsidies that have played a major role in changing buyer sentiments in its favor.Electric Three Wheeler, Rickshaw Sales – May 2022In May 2022, the electric three wheeler segment saw sales of 21,911 units, as against 19,597 units sold by its ICE counterparts. Market share also increased from 45 percent to 53 percent and this comes at a time when there is added pressure on business to adopt a greener approach while strong government incentives add further impetus to the three wheeler electric segment to introduce newer and more advanced products.The rise in petroleum products also led to increased sales of electric vehicles in India and as per data received, nearly 47 percent of three wheelers sold in the past three months were electric, 23 percent were CNG and the rest were petrol and diesel powered models.ICE vs Electric – three wheeler sales in IndiaSpiraling cost of fuel led to higher cost of ownership for buyers in the diesel segment by about INR 40,000-INR 50,000. This also put added pressure on EMI payments that increased to Rs 9000 from Rs 6000 leading to buyers putting off such purchases.Electric Three WheelersThe added growth in the electric mobility e-commerce space has been aided by increased demand for first and last mile connectivity, cargo, waste management and freight loaders. The fact that OEMs also offer easy swapping of discharged batteries for fully charged batteries has also helped this segment whileGrowth in electric three wheeler sales is in a less timeframe as compared to that seen in the car and scooter segment. The pandemic had spurred up consumer interest in conserving energy and saving the environment. There was also a spurt in e-business and logistic requirements during this period, while economies of cost coupled with easy charging facilities and government subsidies have added further impetus to this segment.ICE vs Electric – three wheeler sales in IndiaSeeing this outstanding demand for electric three wheelers, several automakers have jumped into the fray while the more established OEMs are adding to these products more than ICE models. For example, Piaggio marked its entry into the electric cargo segment with Ape E-city and Ape E-Xtra FX range. Piaggio, currently the second largest automaker in the three wheeler space offers a total of five electric models. Bajaj Auto is also set to launch its e-rickshaw and the prototype was revealed to be powered by 48-volt swappable Lithium-ion batteries that offered a range of 120 km. Mahindra is a leader in the three wheeler electric space with Mahindra Alpha Mini, Mahindra Treo Zor and electric Mahindra Treo.Like Piaggio, Bajaj and Mahindra there are new-comers in this segment that have introduced electric three wheelers. Atul Auto offers a massive range of three wheelers in the passenger and cargo vehicles segments while Lohia Auto also offers a good range of electric 3-wheelers in the cargo and passenger segments in India.Source More

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      Omega Passenger Electric Rickshaw Launch Price Rs 3.4 L – Range 110 Kms

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      Omega Seiki Mobility has launched the new Stream electric three-wheeler, priced at Rs 3.40 lakhs (ex-showroom), post government subsidiesOmega Seiki Mobility’s New electric passenger 3-wheeler ‘Stream’Omega Seiki Mobility, a Faridabad based electric vehicle manufacturer, set to be at the forefront of the electric three wheeler segment in India recently announced plans for the world’s largest electric three wheeler manufacturing unit in Karnataka. It will entail investment to the tune of USD 250 million (Rs 1,900 crore) and will be spread over an area of 250 acres with a capacity to produce 1 million electric three wheeler vehicles per annum. It is also from this plant that the company will manufacture an entire range of its electric three-wheeler cargo carriers that include Rage+, Rage+ RapidEV, Rage+ Frost, Rage+ Swap, and Rage+ Tipper.Even as there is a steady growth in electric pick-up for last-mile connectivity and cargo requirements in the country, there is also a demand for electric passenger vehicles. Its increased demand can be seen in May 2022 when for the first time ever, electric three-wheeler retail sales surpassed their ICE counterparts.New Omega Passenger Electric RickshawThe company, currently into the e-three-wheeler cargo segment, has just launched its first electric three wheeler passenger vehicle called ‘Stream’. It is priced at Rs 3.40 lakh (ex-showroom Delhi) following Government subsidies and is said to offer the best performance in the industry.Stream eAuto is ideally suited for last mile transportation segment and is said to come in with best in class earning potential for drivers and owners to the extent of 20-25 percent in terms of saving and profits.New Omega Passenger Electric RickshawNew Omega Passenger Electric Rickshaw will be powered by an IP65-rated, advanced 8.5 kW capacity lithium-ion battery pack, making 10 kW power and 535 Nm torque. The battery can be charged via a 16A socket with an off-board portable charger in a matter of 4 hours. Driving range is set at 110 kms per single charge. It will be capable of gradeability of 10.2 degrees. Ground clearance is at 175 mm so as to ensure optimum performance on Indian road conditionsThe ride is set to be emission free, noiseless and fatigue free and will mark the next generation in mobility solutions in the country. The cabin, which is comfortable for upto 3 passengers, is spacious with best in class leg room, both for passengers and driver.Sales TargetOmega Seiki Mobility targets sales of the Stream eAuto at around 35,000-40,000 units per annum out of which 60 percent sales will come from domestic markets and 40 percent from exports. The company plans exports to ASEAN and Latin American countries.In terms of competition, the new Stream eAuto from Omega Seiki will rival Piaggio’s Ape E-City and Mahindra Treo in the Indian market. The company has also entered into an alliance with banks and NBFCs for easy finance to its buyers which can also be availed through Omega Seiki’s in-house financing arm ‘Anglian Finvest’. More

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      New Tata Ace Electric Detailed In First Official TVC

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      Tata Motors has already signed a MoU to deliver 39k Ace EVs to Amazon, Flipkart, BigBasket and several logistics service providersTata Ace ElectricAfter establishing a strong foothold in electric car segment, Tata Motors is looking to replicate its success in commercial EV space. The company recently launched Tata Ace EV, especially designed for last-mile B2B and B2C deliveries. Apart from leading e-commerce players, ACE EV will also be supplied to logistics service providers such as City Link, DOT, LetsTransport and Yelo EV.Tata Ace Electric detailsTata had launched the Ace brand around 17 years earlier and it continues to be one of the most popular small commercial vehicles in the country. It is the preferred choice for e-commerce shipments and has penetration of more than 70%. Owing to these factors, the Ace nameplate emerged as the natural choice for Tata’s first small electric goods carrier. The company expects Ace EV to create a revolution, just as Ace petrol had achieved 17 years earlier.Ace electric utilizes Tata Motors’ EVOGEN powertrain that has a certified range of 154 km. It has a 21.3 kWh lithium-ion iron phosphate (LEP) battery pack with IP67 rating. Power is supplied to an AC induction motor that generates 36 bhp of max power and 130 Nm of peak torque. Tata Ace EV has 1,840 kg of gross vehicle weight and can carry a payload of 600 kg. Gradeability is 22%, which should be sufficient for most inclines.Charging options include both regular and fast charging, with separate ports for each. In a home environment, the EV can be charged via a standard 15A socket. When a regular charger is used, 20% to 100% charging can be achieved in 6-7 hours. With a fast charger, 10% to 80% charging will take 105 minutes.[embedded content][embedded content]Tata Ace electric is 3,800 mm long and has 2,100 mm of wheelbase. Turning radius is 4,300 mm and ground clearance is 160mm. It comes with a light weight container with hinged rear tailgate. Inner loading space is 208 ft³.Ace electric build qualityIn view of varying road and climate conditions in the country, Tata ACE EV features a robust design. It has an advanced battery cooling system, ensuring all-weather protection. It can take on challenges like bad roads and potholes with the same ease as possible with a petrol-powered Ace goods carrier. Moreover, Tata Ace electric is backed by 5 years+ battery life, dedicated service support and easy availability of charging infrastructure.Some of the advanced features on-board Tata Ace EV include regenerative braking. This recharges the battery during application of brakes and while coasting and moving downhill. Ace EV also has an aero deflector that improves range by reducing drag resistance. Other key features include a 7-inch infotainment system with Bluetooth connectivity, tyre pressure monitoring system and rear parking camera.Ace EV is a significant milestone in Tata’s plan to achieve zero-emission cargo mobility in the country. In the years to come, Tata Motors will launch several more commercial EVs. These will be targeted at customers who are also looking to achieve net zero carbon footprint. More

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      Tata ACE Electric Launched – 36 Hp, 130 Nm, 154 Kms Range

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      After taking lead in the electric PV segment, Tata Motors is looking to strike early in commercial EV spaceNew Tata ACE ElectricWhile the electric 2-wheeler and 3-wheeler segments have attracted dozens of companies, the commercial EV space has remained largely untapped. In overall EV sales in 2021-22, the percentage share of electric goods vehicles was just 0.24%. This is exactly where Tata Motors is sensing a significant opportunity to be explored.Tata Ace electricTata Motors is placing its bet on Ace brand, which is one of the most popular mini trucks in the country. Tata Ace is currently available in petrol, diesel and CNG options. This range will be expanded to include an all-electric Ace. At an event today, Tata Motors has officially launched the new ACE electric small cargo vehicle. Prices of Tata Ace Electric will be announced when delivery starts.Tata Ace Electric LaunchedIn terms of design, Tata Ace electric is largely the same as its fossil fuel powered counterpart. However, it gets a dedicated EV branding for proper differentiation. At the unveiling, Tata showcased a fully covered cargo cabin with ‘ACE EV’ branding in big, bold lettering.Speaking about features, on the inside it gets a 7 inch infotainment system with bluetooth connectivity. Instrument cluster is mounted on the center dash, just about the infotainment system. It gets a rear parking camera, tyre pressure monitoring system, etc.New Tata ACE ElectricMr. N Chandrasekaran, Chairman, Tata Sons and Tata Motors, said, “E-mobility is an idea whose time has come. At Tata Motors, we are moving with speed and scale to lead this change – in passenger cars, commercial vehicles and Jaguar Land Rover. I am delighted today that with the launch of the Ace EV, we are entering a new era of e-cargo mobility. Tata Ace is India’s most successful commercial vehicle ever. It has revolutionised transportation and created millions of successful entrepreneurs over the years. It will further build on this legacy by providing a technologically-advanced, clean and smart mobility solution. I am excited about the electrification of commercial vehicles.”Tata Ace Electric SpecsTata Ace electric SpecsThe Ace EV is the first product featuring Tata Motors’ EVOGEN powertrain that offers an unparalleled certified range of 154 kilometres. It delivers a safe, all-weather operation with an advanced battery cooling system and regenerative braking system to boost the driving range.The vehicle allows regular and fast charging capabilities for high uptime. It is powered by a 27kW (36hp) motor with 130Nm of peak torque, to ensure highest cargo volume of 208 ft3 and grade-ability of 22% allowing easy ascend in fully loaded conditions. The Ace EV’s container is made of light-weight, durable materials that perfectly suit the requirements of e-commerce logistics.Tata Ace Electric SpecsAce electric prospectsWith growing awareness and government’s push for EVs, Tata Ace electric could emerge as a popular choice for B2B and B2C operators. In recent times, there have been calls to step up focus on electrification of the commercial vehicle segment. Petrol/diesel powered trucks are among the key contributors to vehicular pollution.Companies like Tata Motors have the capability and resources to promote the use of electric commercial vehicles. Tata already has a robust EV platform, which has been successfully deployed with its Nexon EV. Tata also happens to be the largest commercial vehicle manufacturer in the country. All these advantages can help the company to emerge as a leader in the commercial EV segment.Tata Ace Electric LaunchedTata Motors also announced signing of strategic Memorandum of Understanding with leading e-commerce companies and logistics service providers – Amazon, BigBasket, City Link, DOT, Flipkart, LetsTransport, MoEVing and Yelo EV. This includes delivering 39,000 units of the Ace EV; setting up dedicated Electric Vehicle Support Centres for maximum fleet uptime; deployment of Tata Fleet Edge – the next-gen optimal fleet management solution; and support of Tata UniEVerse, the proven enabling eco-system of relevant Tata Group companies. More

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      Tata Wins Record Contract For Electric Buses Worth Rs 5,000 Crores

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      Tata Motors was the lowest bidder in the tender floated by Convergence Energy Services Ltd (CESL) and will now supply 5,450 electric buses worth Rs 5,000 croresTata Electric BusIn a massive tender for 5,450 electric buses floated by Convergence Energy Services Ltd (CESL) under the FAME II scheme, Tata Motors has emerged as the lowest bidder. The tenders were opened by Ministry of Heavy Industries (MHI) on Tuesday and contained the largest ever aggregation of 5,450 buses across five major cities of Kolkata, Delhi, Bangalore, Hyderabad and SuratOther automakers who took part in this tender were Switch Mobility – the electric vehicle counterpart of Ashok Leyland, Evey Trans of the Olectra group and VECV – a JV between Volvo Group and Eicher Motors.After being declared as the lowest bidder for all five categories of the tender, Tata Motors will go on to supply 5,450 electric buses worth Rs 5,000 crores under. The margin of difference between L1 and L2 bidders in all categories was Rs 10.India’s Largest Electric Bus TenderThe bidding was conducted across 5 categories that included 12 meter low floor AC and non AC e-buses, 12 meter Standard floor non-AC and 9 meter standard floor AC and non-AC buses. The prices quoted by Tata Motors were the lowest ever and were on par or close to operational cost of diesel buses.25-seater Tata Ultra Urban 9/9 electric AC busesThe price quoted for 12 meter low floor non AC bus is Rs 43.49 per km while for the 9 meter non AC bus this goes down to Rs 39.21 per km. Quoted price stands at Rs 47.49 per km for 12 meter low floor AC bus and at Rs 44.99 per km for 12 meter standard floor AC bus. The lowest bid from Tata Motors for the 9 meter standard floor AC bus was at Rs 41.45 per km. Prices quoted are also inclusive of the cost of electricity for charging.As against Tata Motors’ lowest bid of Rs 44.99 per km for the 12 meter standard floor AC electric bus, Switch Mobility had quoted Rs 53.99 per km while for the 9 meter AC bus Evey Trans quoted Rs 54.27 per km and Rs 53.12 per km for non AC. The buses will take advantage of the FAME II subsidy offered by the Government of India which in turn will relate to Rs 361 crores which could be used to procure additional e-buses.e-buses to save 1.88 billion liters of fossil fuelThe terms of contract are for a period of 12 years, with assured 10 lakh kms per bus. As per calculations, the electric buses from Tata Motors will operate around 4.71 billion kms over the next 12 years. This will help save 1.88 billion liters of fossil fuel and result in 3.31 million tons of CO2 tailpipe emissions, making strong progress in terms of climate change.As a part of this tender, there will be a total of 25,000 job opportunities raised out of which 10 percent is reserved for women. This does not include any added employment created through new manufacturing facilities. More

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      OSM To Setup World’s Largest Electric 3W Factory In Karnataka

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      Omega Seiki plans investment of US$ 250 million targeting 1 million electric three wheelers per annumOmega Seiki Mobility Megafactory in makingOmega Seiki Mobility, an Indian electric vehicle manufacturer, is set to revolutionize the electric three wheeler segment. The company marks World Earth Day by announcing the setup of the world’s largest electric three wheeler manufacturing unit in Karnataka.The new facility being planned by Omega Seiki Mobility (OSM) will be built in three phases. Funds are being raised via equity and debt, to set up this mega factory from where production is scheduled to commence from FY 2024. The facility will be spread over an area of 250 acres and OSM is in talks with existing and new suppliers to set up ancillary units close to this megafactory.Omega Seiki Mobility MegafactoryTotal investment planned is at US$ 250 million (Rs 1,910 crores). Production capacity will stand at 1 million electric three wheeler units per annum. The new OSM Megafactory will cater to demands of the Indian market as well as ASEAN, Africa and the Middle East markets.Mr. Uday Narang, Chairman and Founder, OSM, said “The organised electric three-wheeler market has exponentially grown by a massive 200% in FY22 as against the previous fiscal. This has helped EV 3 wheelers now command a massive 46% of overall three-wheeler volumes. We at OSM believe that adoption of EVs in the last-mile delivery sector and government bodies will help India become the first market in the world where every 3 EV three-wheeler will be sold for every 1 ICE three-wheeler. We want to be the market leader in the three-wheeler market, not just in India but the world and the new OSM Megafactory with a capacity of 1 million units is the first step towards this goal.”Omega Seiki Electric CV – India’s First Electric Small Commercial Vehicle (SCV)OSM Range of Electric Three WheelersOSM, a leader in the electric cargo three wheeler segment with its Rage+ brand, plans to produce the entire range of vehicles among which are Rage+, Rage+ RapidEV, Rage+ Frost, Rage+ Swap, and Rage+ Tipper. The company also plans to embark on the electric three wheeler passenger carrier segment with the OSM Stream which will soon enter production.Omega Seiki Mobility unveiled the country’s first battery-powered small commercial vehicle (SCV) named M1KA in November 2021. The company also has the Rage+ Rapid electric three-wheeler in India, that comes in at a starting price of Rs 3.59 lakh for its open carrier half tray variant and goes up to Rs 3.99 lakh (ex-showroom, India) for top body container variant.OSM Rage+Rapid Electric Three WheelersOmega Seiki’s Rage+ Rapid electric three-wheeler receive RapidX 6,000 fast-charging batteries based on InstaCharge technology developed by Log 9 Materials. The batteries can be charged upto 100 percent in 35 minutes, and capable of taking on tough Indian weather conditions where temperatures range from -30°C to +60°C, allowing up to 40,000 charge-discharge cycles and 10+ years of battery life. The battery offers a range of 90 kms per charge and is directed towards use of last mile cargo and delivery segments in the country.Following its successful entry into the electric three wheeler segment in India, OSM also plans to enter global markets. The company has entered into joint ventures with partners in Bangladesh, Egypt and UAE. As per Dr. Deb Mukherji, Managing Director, Omega Seiki Mobility is the only company in India to offer three powerpack options – long range, rapid charging and swappable. More