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VECV to invest around INR 1000 cr on multiple alternative fuel technologies for new-age CVs, ET Auto

VECV to invest around INR 1000 cr on multiple alternative fuel technologies for new-age CVs, ET Auto

by admin
April 30, 2024
in Technology
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<p>VECV is working on new propulsion/fuel technologies such as BEV (Battery Electric Vehicle), Hydrogen ICE (Internal Combustion Engine), fuel cell technology along with alternative fuels. </p>
VECV is engaged on new propulsion/gas applied sciences equivalent to BEV (Battery Electrical Car), Hydrogen ICE (Inside Combustion Engine), gas cell know-how together with various fuels.

New Delhi: Disruption is changing into commonplace within the new-age automotive trade. The work-in-progress situation of the gas know-how panorama makes it tougher for trade gamers as they’ve to organize for a number of eventualities. And, that’s driving Volvo Eicher Business Automobiles (VECV) to speculate “nearly INR 1,000 crore” on creating various gas applied sciences.

VECV is engaged on new propulsion/gas applied sciences equivalent to BEV (Battery Electrical Car), Hydrogen ICE (Inside Combustion Engine), gas cell know-how, along with various fuels, to energy its vehicles and buses sooner or later. “We’re engaged on that extensively. As we speak we now have bought one vary of product line, however we’ll have parallely an EV vary. Tomorrow we’ll have Hydrogen ICE, and fourth would be the gas cell, as a result of we do not know which know-how will succeed,” says R S Sachdeva, COO – Eicher Vehicles and Buses, VECV.

<p>R S Sachdeva, COO – Eicher Trucks and Buses, VECV</p>
R S Sachdeva, COO – Eicher Vehicles and Buses, VECV

Key amongst them is battery electrical automobile know-how, because it’s the EV house the place VECV is taking a look at having a sizeable presence beginning subsequent yr when it plans to launch some Small Business Automobiles within the 2- to three.5-tonne (GVW) vary. At the moment, its sole EV is a 5.5 tonner.

The brand new efforts by VECV, and related workouts by its trade friends too, are additionally a part of the general decarbonisation development, which the Authorities can be selling with a view to obtain the set goal of 2070 for the nation to realize carbon neutrality.

Sachdeva, additionally an trade veteran, feels that in a disruptive know-how setting, issues might change considerably with “some disruption”. “So we now have to make sure that we work extensively in the entire areas, and there regulatory authorities, check businesses are additionally contributing lots,” he says, in a session at a convention on World Presence of Indian Check Businesses – Means Ahead, held at NATRAX, on Saturday.

India’s benefits and challenges

As a rustic, India can be rising as a vacation spot of selection for manufacturing, and engineering. VECV for instance began manufacturing the bottom Euro VI engine for Volvo in Europe means earlier than the BSVI regulation kicked in in India. The aggressive price in manufacturing, manpower, together with the frugal engineering power of India clarify the establishing of world engineering centres within the nation by world OEMs and Tier 1 suppliers.

Sachdeva factors out that R&D price in India might be as little as 1/eighth of the identical in Europe. And, in testing, the Indian price could be a fourth of Europe. Nonetheless, despite the fact that the automotive testing infrastructure in India is coming of age, acceptance of autos examined and authorized in India is “very low” in some elements of the globe. Addressing this might increase exports as it would assist Indian trade gamers scale back the time to market abroad, and likewise save prices considerably.

Harmonisation of requirements will assist, and the present period of know-how transitions might make a stringer case for it. “That is the apt time that we are able to have the harmonised requirements for the globe,” There our check businesses can work with all the worldwide businesses and we are able to have requirements that are more proficient,” says Sachdeva.

The senior trade skilled additionally argued that the challenges can throw alternatives like trade and check businesses be part of fingers to get world accreditation. “Equally, we are able to have a tie-up — authorities of India and check company and trade can have a joint MOU, and third is that we are able to have a uniform harmonised automobile regulation (together with requirements for brand new applied sciences),” says Sachdeva.

Such developments, in the event that they happen, couldn’t solely make lives slightly simpler for trade gamers but in addition pave the way in which for a much bigger abroad play for them.

  • Printed On Apr 30, 2024 at 04:08 PM IST

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Tags: AlternativeAutoCVsfuelINRinvestmultiplenewageTechnologiesVECV

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