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Toyota's Electric Vehicles With BHEL
The entire auto industry in the Indian market is now choosing the optional mode of fuel from electricity. However, Toyota is wooing the government based electricity firm Bharat Heavy Electricals Ltd for designing electric vehicle.
According to a report from the Ministry of Heavy Industries of India, Toyota is on the verge of negotiating with the officials of BHEL for availing subsidy for electric vehicles. The move comes in the wake of earlier moves by the firm on producing electric buses and electric locomotives. Hence there will be an official visit by the team of personnel from BHEL and the Ministry to the camps of Toyota Nagoya in Japan. Prior to Toyota, GM and Nissan-Renault have been on the electric vehicle concept globally. Toyota is on the scene with its Prius hybrid while M&M is running its Reva. However, the major players like Maruti, Hyundai, GM, Tata Motors are all set to step into this EV concept.
The ultimate aim for Toyota is to have a pioneering partner for delivering good vehicles under electric version. The proposal may end up either as a JV or as a sharing of technical set up. BHEL has earlier got a similar offer from Dutch based DHBC BV for availing such facility under Inter-Ministerial Governing Council on EVs. Almost important ministries will come under this purview.
The Indian auto market is gradually gliding towards alternative fuel in the wake of rising fuel costs. To promote such moves, the Ministry of New and Renewable Energy is offering an incentive of 20% subsidy for electric cars and two wheelers on factory price. The scheme is valid till 2011-12 and the fund allocated is Rs95 crore but on a precondition that there must be a minimum of 30% localized components.
According to a report from the Ministry of Heavy Industries of India, Toyota is on the verge of negotiating with the officials of BHEL for availing subsidy for electric vehicles. The move comes in the wake of earlier moves by the firm on producing electric buses and electric locomotives. Hence there will be an official visit by the team of personnel from BHEL and the Ministry to the camps of Toyota Nagoya in Japan. Prior to Toyota, GM and Nissan-Renault have been on the electric vehicle concept globally. Toyota is on the scene with its Prius hybrid while M&M is running its Reva. However, the major players like Maruti, Hyundai, GM, Tata Motors are all set to step into this EV concept.
The ultimate aim for Toyota is to have a pioneering partner for delivering good vehicles under electric version. The proposal may end up either as a JV or as a sharing of technical set up. BHEL has earlier got a similar offer from Dutch based DHBC BV for availing such facility under Inter-Ministerial Governing Council on EVs. Almost important ministries will come under this purview.
The Indian auto market is gradually gliding towards alternative fuel in the wake of rising fuel costs. To promote such moves, the Ministry of New and Renewable Energy is offering an incentive of 20% subsidy for electric cars and two wheelers on factory price. The scheme is valid till 2011-12 and the fund allocated is Rs95 crore but on a precondition that there must be a minimum of 30% localized components.
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