Tresa Motors, founded by Rohan Shravan, Founder CEO and CTO of Tresa Motors, starts from a range of 18 tonne to 55 tonne vehicles. This HCV building structure aligns with the ‘Make in India’ initiative by promoting 80%-85% in India (excluding its battery) in-house.
After Tata Motors, Switch Mobility and VECV are all set to enter the small electric commercial vehicle market. Chennai-based Murugappa Group’s EV arm Tube Investments of India, and Bharat Forge s Kalyani Powertrain are coming up with electric versions of heavy commercial vehicles. Ashok Leyland has also begun delivery of its intermediate and heavy duty 14T Boss Electric Truck to its customers including Billion E-Mobility.
Kalyani Powertrain Future Plans: EVs and aerospace, which are today smaller verticals, will become major ones by 2030 and contribute to the overall revenue and 5% of overall sales, the company spokesperson said.
The recent budget unfolds promising fiscal metrics, signaling a shift towards fiscal prudence. With a noteworthy reduction in the fiscal deficit to 5.8% of GDP for the current year and a targeted 5.1% for the next, the government displays a commitment to financial responsibility. This approach extends to the reduction in net borrowings, promising improved funds availability for the private sector.
Bharat Forge expects significant growth in its electric mobility and aerospace businesses due to rapid electrification in the automobile sector and a strong order book. The company s deputy managing director, Amit Kalyani, stated that these businesses will become multi-million dollar verticals over the next five years. Bharat Forge s e-mobility arm, Kalyani Powertrain Limited, recently unveiled a retrofitted electric truck that can be installed in existing diesel or compressed natural gas-powered vehicles at half the cost of a new electric truck. The company aims to sell thousands of these retrofitted units annually.