Insta
Hero Group To Set Up Solar-Powered Charging Stations For Electric Vehicles
Solar-powered charging station in Toronto Canada. (Photo Credit: Sass Peress, Renewz Sustainable Solutions Inc.)
Hero Future Energies (HFE), a renewable energy producer backed by the Munjal family is set to enter the electric vehicle (EV) charging sector in India. Chief executive officer Sunil Jain said that the company plans to enter into the battery storage business to set up charging stations across the country.
This move coincides with a proposal from the Department of Heavy Industries (DHI) to set up standard specifications for EVs and charging infrastructure under the name ‘Bharat Charger’.
HFE said that their plan was to charge batteries and replace drained batteries in vehicles after a trip was completed.
At the same time, Pawan Munjal-promoted Hero Motocorp, which acquired a 30 per cent stake in Bengaluru-based electric scooter manufacturer Ather Energy, plans to enter the charging sector, reports Livemint.
The government is planning to have its EV policy in place by the end of 2017, and further set the taxation rates for EVs at 12 per cent as opposed to 28 per cent for petrol and diesel vehicles in the upcoming Goods and Services Tax (GST) bill.
Also Read:
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
