Adani Enterprises is reportedly looking to dive into e-buses manufacturing segment. ET citing sources reports that the company is planning to set up manufacturing base in its special economic zone at Mundra in Gujarat. It is also in talks with a Taiwanese electric bus maker for technological tie-up.
If Adani dives into the e-bus segment with foreign player it will change the dynamics of the Indian electric vehicle segment that have only handful of players.
The publication citing sources close to the development notes that Adani plans to set up a manufacturing facility in its Mundra SEZ. It plans to cater to the Indian and export markets, including Africa and the Middle East, through the facility. The company is closely looking at battery swapping models.
“The companies have begun an analysis of the Indian and potential overseas markets. Looking at the priorities of the country to shift to electric fleet, the potential is expected to be huge,” said another source to the publication.
Beside Tata Motors and BYD there is no clear winner and there is lot of space in this segment for new players. An established player like Adani can overcome barriers most market barriers as long it has figured out the import routes
Recently, Tata Motors and Goldstone-BYD bagged nine of the 10 contracts, part-funded by the Centre by placing winning bids at 30% lower than the market price.
Delhi, Gujarat, Maharashtra and Pune are expected to come out with bulk e-procurement tenders for electric buses. The Andhra Pradesh cabinet on Wednesday cleared an electric mobility policy that aims to replace an entire bus fleet with electric tenders by 2030.