Mumbai / Chennai: After planning the Income Planning to the steel industry, Gautam Adani, the richest person of the two Indians and the head of the Epemy Adani Group, seems to want to enter the car sector.
Group S B Adani Trust received a trademark approval to use the name ‘Adani’ for vehicles operating on land and in water.
This step is part of a broader port-to-power conglomerate game in green projects.
The plan is to enter the electrical mobility room, said the source.
It will see electrical commercial vehicles – coaches, buses and trucks – to start.
This will initially use it for in-house requirements at the airport, port and for other logistics purposes.
It also has a plan to produce electric vehicle batteries and arrange charging stations throughout the country.
Recently, the government, in an effort to turn on the ecosystem of electric vehicle charging, decided to offer land to private entities to install charging stations on the basis of income distribution.
Infrastructure conglomerates also plan to establish a R & D center in the Special Economic Zone (SEZ) in Mungra, Gujarat, because the game is proposed in electrical mobility.
The move banned Ahmedabad based conglomerates against Tata Group and Reliance Industries, which also had an ambitious plan in low-carbon projects.
Observer of the automotive industry said that entering Adani to electric commercial vehicles will shake the scene.
“I did not realize the plan of Adani, but was happy to see a large conglomerate into an electric vehicle,” said the Solar Mobility Co-Founder and Deputy Chairperson of Chetan Maini.
At present, Tata Motors and Ashok Leyland controls the mile connectivity segment and first miles with ACE and DOST brands.
Light and medium cargo carriers move quickly because the cost of per-km from e-LCV operation (light commercial vehicle) is 80 paise compared to Rs 4 for Diesel vehicles.
Country subsidies and ‘Fame 2’ have also reduced capital costs.
The other Big Bang segment is the bus, especially with convergence energy services that do combined tenders for 5,450 single-decker and 130 double-decker e-buses for cities such as Delhi, Bengaluru, Letters, Hyderabad and Kolkata.
With the price of the battery is expected to drop below $ 100 in 12-18 months, the game will become more competitive.
The battery price fell from $ 1,300-1,400 per kilowatt hour almost 18 years ago to $ 110-120 now.