JBM Group, one of the leading Indian makers of electric buses, has stated that they intend to clock 1 billion e-kilometres in the next 3-4 years, as authorities across India announce intentions to roll out EV buses. This growth is projected to be fueled by transportation is currently the second-largest source of pollution in the environment.
Recently, electric buses have been added to the fleets of numerous Indian states’ public transportation departments. In January, the Delhi government introduced its first electric bus with plans to add 300 more. Bangalore city launched 90 electric vehicles in the previous month, and Mumbai planned to launch double-decker electric buses.
“India is well-positioned to capitalise on the huge opportunities offered by the electric vehicle segment,” explained Nishant Arya, vice chairman of JBM Group. “In line with the government’s vision towards promoting sustainability, the EV sector will be the biggest gainer, with the already-launched PLI for Advanced Chemistry Cell of Rs 18,100 crore ($2.4 billion) and Faster Adaption of Manufacturing of Electric Vehicles (FAME) scheme of Rs 10,000 crore ($1.3 billion).”
We have already deployed our EV solutions in various cities across the country, such as Mumbai, Ahmedabad, Andaman & Nicobar, Bengaluru, Delhi-NCR, etc. Our zero-emission vehicle (ZEV), ECOLIFE, saves about 1,000 tons of carbon dioxide and 350,000 litres of diesel in 10 years of operation. Going ahead, we foresee a 100 per cent growth in the electric bus business.”
India’s electric vehicle market is predicted to develop exponentially to about $200 billion by 2030. This will be accompanied by a $180 billion investment in vehicle manufacturing, charging infrastructure, battery technology, and other EV aggregates.
By establishing a holistic ecosystem solution for e-mobility, the company hopes to become a one-stop solution provider in the EV category. As a result, it is now considering producing goods with a second and even third life, such as electric vehicle batteries that may be utilised in power backup applications, and so on.
Collaborations between multiple vehicle OEMs are critical to the EV business because no single company can address all of these categories independently. JBM’s goal in India is to build the complete supplier value chain and develop all skills domestically.
In India, the electric vehicle industry is just getting started. It necessitates significant investment in skills development, power infrastructure, industry-academic collaborations, and stimulating R&D to build and design in India.
Because the EV arena is all about collaborating and synergising towards evolving concepts and technologies, Arya believes it is vital to integrate entrepreneurs into the ecosystem. India’s electric vehicle potential has spawned a slew of entrepreneurs that are revolutionising various industries.
To achieve the government’s lofty aspirations of becoming a significant participant in the EV market, automakers will need to band together and collaborate on global products and solutions.
India’s public transportation infrastructure desperately needs modern technology and funding. Even though the country’s economy has increased dramatically in recent years, the country’s transportation networks have concentrated mainly on private vehicles. Most large cities lack sufficient bus service, resulting in overcrowding and discomfort on current buses.
Electric buses would play a significant part in modernising India’s public transportation system. Its success, however, would be contingent on companies like JBM working to create the entire ecosystem. Market participants worldwide will be watching the results of the present EV bus rollout to see how things turn out.