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Gayam and Mahindra May Be The Big Beneficiaries Of Softbank’s Electric Vehicle Push in India

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Ola to start EV Taxis in India

Softbank has committed to ply 1 million EVs in India and is going to use its VC funded Ola startup to push this initiative in India. Ola has already signed up a MOU with the Telangana government to roll out EV buses, autos and cars and also plans to deploy Electric Vehicles in major cities such as Mumbai, Delhi and Hyderabad. The company also has plans to build out its own charging infrastructure in these cities given that currently there is none. Softbank plans to use Mahindra EV cars for its EV taxi fleet. Mahindra is a pioneer in the EV space after buying the EV startup Reva. There are a number of E20s running around in India and is the most recognised EV.

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You might also like You Will Soon Be Able To Hail An Electric Vehicle Taxi In India.

Apart from Mahindra and Mahindra, Ola may use Gayam Motors for buying electric bikes and autos. The 2010 started EV company sells electric bicycles and autos to a number of customers in India. The company is still small in size and not that well known outside the EV bike market. It is important that Ola sources Electric Vehicles from Indian manufacturers as this will help them to build scale and also help the government of India in its “Make in India’ policy initiative.

Also, read List Of Best Electric Cars Running In India

India desperately needs to encourage EV technology and manufacturing as its multi-billion auto industry may become obsolete quickly since Chinese and Western car makers are racing ahead in this technology. Besides manufacturing EV cars, the Indian companies also need to increase the production of storage produces such as lithium batteries which form a major cost item for EV car production.

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Sneha Shah

I am Sneha, the Editor-in-chief for the Blog. We would be glad to receive suggestions, inputs & comments on GWI from you guys to keep it going! You can contact me for consultancy/trade inquires by writing an email to greensneha@yahoo.in

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