Hyderabad-based Goldstone Infratech will also start assembling lithium ion battery packs in 2018-19 and start sourcing electric vehicle components locally
New Delhi: Hyderabad-based Goldstone Infratech Ltd and Chinese electric bus manufacturer BYD Auto Ltd plan to install their own charging stations along the routes where their buses are set to ply.
Lack of charging infrastructure has so far been a major challenge to India’s electric mobility dreams.
Goldstone, which has a strategic tie-up with BYD for selling electric vehicles in India, will also start assembling lithium ion battery packs this financial year and start sourcing electric vehicle components locally.
“We have already installed some and will further create infrastructure in Bangalore, Hyderabad and Mumbai," said N.K. Rawal, managing director of Goldstone. “It is not a constraint because public transport vehicles are parked at bus depots and state transport departments are allocating space for creating charging infra."
At present, 31 BYD buses are operating in India. Goldstone has orders for an additional 165 buses.
“We are here for the long term and have plans to localize production," Rawal said. “We are working with both local and global suppliers and have a specific plan."
As of now Goldstone Infratech has invested ₹ 100 crore in this project and after a year the company will look to invest in developing electric vehicles in India as well.
“Right now research and development is not done over here but eventually after manufacturing a set up streamline simultaneously we are looking at R&D also but it still a year from now," said Rawal.
Recently in a tender floated by the Department of Heavy Industries, Goldstone - BYD emerged as the second successful bidder after Tata Motors for supplying electric busses to the State Transport Units.