Indonesian ridesharing giant Gojek plans to convert all its motorcycles to EVs by 2030. The adoption of EV motorcycles is now in full swing in Indonesia, the largest motorcycle market in Southeast Asia with annual sales of more than 5 million units.
Gojek, the country’s leading ridesharing and delivery company, is said to have over 2 million registered riders, including both motorcycles and cars. The full conversion to EV bikes is expected to contribute significantly to the Indonesian government’s goal of 9 million EV bikes by 2030.
As of today, India is relatively less impacted by COVID than other nations. Because of the very bold and unprecedented move of a complete lockdown for about 40 days, India has managed to restrict the number of positive cases to 17,000.
Ritvik Kulkarni
Considering that India is a country with a population of over 1 billion persons living in challenging on-ground conditions, it is a phenomenal effort of proactive and timely response from the government as well as restraint observed by citizens.
The electric vehicle market in India is mostly dominated by lithium-ion battery technology, which powers two-, three- and four-wheeler vehicles. But this situation comes with its own set of challenges.
For instance, each battery chemistry has a different energy density, peak power output and charging time. Hence, the industry is working on alternative green solutions, and the government of India is aggressively working on hydrogen as a fuel option.
In terms of refueling time, hydrogen has a definitive advantage over batteries. It takes just a couple of minutes for a hydrogen vehicle to be refueled, irrespective of size, compared to the hours it takes to recharge an electric vehicle.
The union cabinet approved US$ 2.4 trillion (Rs 19,744 cr) for National Green Hydrogen Mission. The mission has four components aimed at enhancing domestic production of green hydrogen and promoting the manufacturing of electrolysers — a key constituent for making green hydrogen. The initial target is to produce 5 million tons of green hydrogen annually.
Along with the government, other industry stakeholders are taking significant steps to develop hydrogen fuel. Ashok Leyland (one of the largest CV makers) is working with Reliance industries on the development and supply chain of hydrogen-powered engines.
Ashok Leyland plans to install fuel-cell engines in an existing fleet of 45,000 trucks that RIL has hired to transport refined products and other marketing goods as a first stage in the strategy. Also, Adani (diversified business portfolio) and TotalEnergies (French energy and petroleum company) have entered into a partnership to jointly create the world’s largest green hydrogen ecosystem.
The potential of the country towards the production of hydrogen is attractive to many companies. European aircraft manufacturer Airbus is looking to source green hydrogen from India as well as Australia and Latin America.
“India is an amazing location with huge potential for the production of (green) hydrogen at a very exciting cost,” says Glenn Llewellyn, VP Zero-Emission Aircraft at Airbus.
In the 16th edition of the motor show Auto Expo Toyota, MG motors, Tata motors, Hyundai, and VECV, showcased their hydrogen-powered vehicles across several segments. It’s evident that OEMs are seriously exploring the option of Hydrogen powered vehicles. PSR
Aditya Kondejkar is Research Analyst – South Asia Operationsfor Power Systems Research
Electric vehicles (EVs) witnessed strong growth in the Indian market in 2022, with a three-fold increase in sales as compared to the year before. Official data shows that Indians have bought 2,780,000 EVs since January 2023 at an average of more than 90,000 EVs per month. Significantly, the demand for EVs is not limited to metro cities such as Delhi, Mumbai, and Bengaluru, but is increasing in Tier-2 and Tier-3 markets as well.
PSR Analysis: While the growth of EVs has been primarily focused on urban areas of India, we are seeing a significantly improved adoption of EVs in rural parts of the country. The statistics from Vahan, the national vehicle registry, reveal that sales of electric cars and 3ws from the contribution of the top 10 districts in India has dropped significantly from 55%-60% in fiscal 2021 to 25%-30% in fiscal 2022. In the 2Ws segment, the percentage has dropped from 40%-45% to 15%-20%. The noticeable gaps here are being filled up by smaller towns and rural India.
EDITOR’S NOTE: The 5th Annual TWF (Two Wheeler Forum) took place on Feb. 21 and 22, 2024, at the India International Convention & Expo Centre in Dwarka, New Delhi. Hosted in partnership with Trak N Tell, the event spotlighted aspects of the Indian two-wheeler and three-wheeler industry, spanning both electric and internal combustion engines.
The landscape of electric vehicles (EVs) in India is undergoing a transformative shift, with the recent 2 wheeler, 3 wheeler, and EV show held in Delhi showcasing the industry’s dynamic evolution. Despite constituting less than 1% of total vehicle sales, the electric vehicle sector holds immense potential, and is projected to grow to over 5% in the years to come. Currently, the Indian roads host over 5 lakh electric 2 wheelers and a modest number of electric cars. However, the market’s growth trajectory remains subject to fluctuations, predominantly influenced by governmental incentives.
The Indian government’s Budget for the fiscal year 2024-25 is emphasizing the automotive industry, with a particular focus on the electric vehicle (EV) ecosystem. The budget reflects a strong commitment to sustainability and green initiatives, aiming to position India as a leader in the global EV market.
This analysis delves into the key highlights and implications of the budget, drawing insights from industry leaders and experts. Here are highlights of Budget.
EV Ecosystem Reinforcement: The government’s pronounced emphasis on bolstering the EV ecosystem through support for the manufacturing and charging infrastructure has been met with widespread acclaim. Finance Minister Nirmala Sitharaman’s commitment to payment security mechanisms for e-buses underlines a strategic approach to encourage public transport electrification.
China is one of the leading suppliers of auto components to
India, and this supply chain was significantly interrupted in Q1 2020 by the
caronavirus. In 2018-19, components worth an estimated US$4.5 billion (out of a
total of approximately $17 billion) were exported from China to India. Most of
this trade is in electronic components, EGR modules, fuel injection pumps,
turbochargers, meter sets, LEDs, magnets, airbag components, and steering
system components.
Since the discovery of the Coronavirus in December 2019,
this supply chain has been affected. The covid-19 pandemic has started taking a
toll on components supply and automotive production in India. The situation is
further amplified, as China has terminated all sea routes to other parts of the
world.
This report first appeared in the September 2019 issue of PowerTALK.
The bad times in the
India automobile market started with the slowdown in Q4 2018, triggered by the
NBFC (Non-Banking Financial Companies) crisis. Since then it has been 10
consecutive months of hard times for almost all automobile segments. All the
segments in the country, be it passenger cars or commercial vehicles, have
registered a decline.
MG Motor India is considering the possibility of exporting shipments from India to markets such as South Africa and the UK along with tapping other right-hand-drive markets across the globe. Despite the current semiconductor shortage, MG motors plans to prepare for a long-term vision of increasing its exports from India. The start of the company’s South Africa operations has been delayed due to Covid-19.
MG motors has started exporting their vehicles to Nepal, and the company is preparing for the long term to make India an export hub for the neighboring markets. The carmaker has already dispatched its first batch of Hector SUVs to Nepal and plans to add Astor and ZS EV to the lineup in the Himalayan country next year.
PSR Analysis: The Indian Automotive Industry was largely left disappointed with the budget after no direct steps were taken to arrest the decline in automotive sales. Although keeping long term benefits in mind, the budget did introduce measures to boost the rural economy, which in turn will directly benefit the commercial vehicle industry which is an important driver for the economy.
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