Category — Electronic

India Aspires to Sell Only Electric Cars by 2030

A Government of India-led initiative – the National Electric Mobility Mission Plan – targets annual sales of 6-7 million EV/Hybrid vehicles by 2020. The government hopes that by 2030, all vehicles sold in India will be electric-powered says a blog post from India Energy.

Speaking on “Changing Energy Economics and India” at New Delhi, India’s minister for energy, Piyush Goyal, said that the country will help facilitate the electric car effort by offering subsidies for a couple of years. “After that,” he said, “the cost of electric vehicles will start paying for themselves,” reports CNN.

Elon Musk tweeted: India commits to sell only electric cars by 2030. It is already the largest market for solar power. https://t.co/EGBNTPzmE5 — Elon Musk (@elonmusk) June 1, 2017

India’s government is pushing to expand its solar energy capacity.

Modi tweeted: Paris Agreement reflects our duty towards protecting the Earth and our natural resources. For us, this is an article of faith: PM pic.twitter.com/8cnSqClBPf — PMO India (@PMOIndia) June 3, 2017

India Energy Logo

June 12, 2017   No Comments

Samsung to Expand in India with $760 Million Investment

Samsung announced an investment of $763 million in India to expand its plant at Noida in the northern state of Uttar Pradesh, where it manufactures smartphones, refrigerators, and TVs.

Android Authority reports that the company added an additional 35 acres of land adjacent to the current facility to double the production capacity of both mobile phones and refrigerators. The new site was inaugurated with a ground-breaking ceremony and traditional puja (prayer) in the presence of officials from the Indian government along with JK Shin, CEO, Samsung Electronics Co. Ltd. and HC Hong, President & CEO, Samsung Southwest Asia.

Ground breaking of new Samsung Facility

Hong said, “This new investment is a testament to our continuing commitment to ‘Make in India’ and to Uttar Pradesh, which has been our partner right from the day Samsung’s journey in India began.”

Once the factory is fully operational, it will be able to produce approximately 10 million smartphones every month. Samsung in India is set to make Noida the manufacturing hub and also starting exporting from the plant to U.S.A., and Europe by 2020.

 

June 12, 2017   No Comments

Johnson Controls and Hitachi to Set Up Export Hub in India

Wisconsin-based Johnson Controls and Hitachi Airconditioning India Ltd., will develop and manufacture air-conditioners in its plant near Ahmedabad, Gujarat, for sale in the Middle-East and Southeast Asia.

Global CEO Franz Cerwinka said, “We also want to expand our manufacturing to export out of India. The Indian operations contribute  12 percent to our global revenue. India has the potential to become one of the top three markets for the company since there is a lot of pent-up demand which will be generated in the mid-to-long term.”

JCI Hitachi

Johnson Controls-Hitachi Air Conditioning India reported that in 2016 sales grew 20 percent to $301 million from the previous year. Profit climbed 62 percent to $12.4 million (Rs 81crore.) the Economic Times reports.

June 8, 2017   No Comments

Samsung Initiates New Marketing Strategy in India

Samsung India will focus on a county-level business strategy for its consumer electronics business, said vice president of marketing for consumer electronics,  Rajeev Bhutani.

The plan includes rolling out value-for-money models across entry-to-mid segments, expanding branches from 35 to 47, and a separate investment plan for market development. The company is also building its service capabilities in these markets.

Bhutani said that the 80 counties the company had identified on the base of purchasing power, had the potential for healthy double-digit sales on a long-term basis. Mid-segment products had started selling even in smaller rural markets. “This includes frost-free refrigerators and washing machines. The improvement in infrastructure and electrification is driving the demand. We want to create the market for mid-end value products,” he added.

A Samsung Refrigerator

“We are now addressing almost 90 per cent of the market,” said Bhutani. About 75 percent of Samsung India’s sales come from the mobile phone business and the remainder is generated from consumer electronics.

June 8, 2017   No Comments

Clean Motion Expects India Largest Market for its Electric Rickshaws

Clean Motion India, a subsidiary of Clean Motion AB, Sweden, rolled out its three-wheeled electric  rickshaw or  “pod” called the Zbee in 2016. Certified in the L5 category by the International Center for Automotive Technology, these electric vehicles are gaining acceptance in India.

Business World interviewed Anil Arora, Country Head, Clean Motion India who shared his insights into the future of this e-vehicle in India:

Arora said that the third generation of this vehicle are used in malls in Gurgaon, and Noida, near Delhi. “We would like to be integrated as a connected electric vehicle for Greenfield smart cities. We will go for subscription-based models and are in talks with five-star hotel management in multiple cities to operate our vehicles. Yes, we do have such plans for South East Asian markets. We are starting our shipment to Nepal and Sri Lanka,” said Arora.

Zbee the elctrical vehicle

Currently most of the 230 components for building this vehicle are imported from Sweden, and the company is localizing the product at their  manufacturing facility at Faridabad in India’s northern state of Haryana. “We are aiming for a 70 percent localization which will enable us to bring down the price of the vehicle. The automotive ancillary industry even for e-vehicles is very good in India,” mentioned Arora.

By 2020 the company aims to have a valuation of $150 million. “The key growth drivers will be widespread expansion and mass acceptance of our products. In fact, India is expected to be the biggest market for us globally,” Arora added.

June 8, 2017   No Comments