PHOTO CAPTION: Chetan Maini with company's newest model, the e2o electric car.

India's EV Market Growth Slowed By Infrastructure, Gov't Policy

Forbes magazine interviews Manhindra Reva's Chetan Maini about his company's e2o electric car sales and the impact of government policy and the power grid.

Published: 07-Feb-2014

Q: How is it going with the Reva e2o?
Maini: Good. We have shown quite a few models. So you can understand the push from the group level.

Q: Is there something we will see in production soon?
Maini: I think the important thing is the electric charge station [such that] we actually have an e20 with a smart port that gives you bi-directional energy. So I can do a quick charge, I can power your home now using the car and I can run the vehicle on sun. The car is being launched later this month in the showrooms. We have also developed a fast-charging station so you can charge your car in less than an hour. In 15 minutes, you get 25 kilometres. People have anxiety about it. So we put out a technology that we have been working on for four years. We have finally introduced it after we made sure it is perfect.

Q: How are you doing the rollout?
Maini: We are going to start putting some infrastructure ourselves. So, we were really hoping the government policy to come out because one of them was [regarding] infrastructure. Today regular charging stations are about 300 [put] by ourselves. We will put the first level of fast charging also. But after that we are looking at public-private-partnerships because you know it is a business. We will kick-start it but the model has to move in that direction. We have made it compatible with all our products coming later on. So, the Verito and the Maximo or the Gio will be same. And in time, we will have standards available for other OEMs also, in case they want to use it. So in a way, [we] keep the standards open. Our thought process is to start it because someone has to.


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