Preparing To Introduce Compact Electric Commercial Vehicles Is PMI Electro Mobility
PMI Electro Mobility, a leading manufacturer of electric buses (Electric Commercial Vehicles) in India, is thinking about producing a variety of tiny electric commercial vehicles to fulfill the rising demand from e-commerce companies for last-mile delivery vans.
Given the government’s push to convert urban delivery fleets to e-mobility, the company, which has a joint venture with China’s Beiqi Foton, claimed there is enormous potential to electrify the small and medium commercial vehicle category.
Manvi Jain, director of PMI Group, said, “We are going to have a range of products in these two areas.” She also noted that the FMCG industry has a significant demand for compact electric trucks.
Undoubtedly, small commercial vehicle manufacturers Tata Motors and Ashok Leyland have introduced electric cars with a particular focus on last-mile deliveries. Jain, though, thinks there is a sufficient market opportunity.
The business is now establishing a brand-new plant in Chakan, Pune, to produce electric commercial cars. The first phase of the project would be operational in the following year thanks to an investment of between Rs 250 and Rs 300 crore from PMI Electro, which is a 70:30 joint venture partner with Foton India.
The promoters will use internal resources to make the initial investment. The Chakan factory of PMI Electro will initially be capable of producing 2,500 commercial vehicles annually; but, with minor adjustments and no significant capital expenditures, this capacity can be extended to 3,600 units annually. The project’s technological partner is Beiqi Foton.
Separately, Jain claimed that the electric bus market is anticipated to experience strong growth over the next three to four years as a result of the government’s National Electric Bus Program (NEPB), which was established to hasten the transition to clean mobility in the public transportation sector.