Expect to see huge uptick on electric vehicles in next financial year: JBM Group
Auto companies are on our radar after Road Transport Minister Nitin Gadkari makes a pitch for green technology in vehicles.
In an interview to CNBC-TV18, Nishant Arya, Executive Director of JBM Group discussed the impact.
Since the government has been so forthcoming for new technologies and the clean energy being a prime focus, whether you see in case of renewable energy or now in electric vehicles, it is something which they have been looking at consistently. Our organisation has anticipated the same, he said.
Now our vehicle portfolio is ready and we would be ready to hit the market anytime, he added.
We are focusing on high-end materials. We are spending a lot of money on research and developments (R&D) and developing new materials focusing on light-weighting and electric vehicles, that is most important aspects and we have developed a very strong engineering capability in our organisation and we will be industry ready for such kind of a thrust coming in, said Arya.
The buses would be ranging between Rs 2.5 crore and Rs 3 crore but the operating cost of these buses is much lower, he further mentioned.
Currently awaiting the new policy from NITI Aayog and heavy industries on electric vehicles, he said.
He expects to see huge uptick on the electric vehicles in the next financial year. As an organisation we are betting big way on electric and in times to come we will definitely see that we will be rolling out many other initiatives on electric, he added.