A US-based carmaker Triton is gearing up to enter India with its electric sedan N4, the same year as Elon Musk, and the company’s founder and CEO, Himanshu Patel, got candid in an exclusive interview with Business Insider. “We’ve really talked through every component, like from the grid infrastructure to the conditions of the roads of India. We’re building the car based on every component of India’s infrastructure,” said Patel, who believes that the solar panel atop Triton’s cars give it the edge over its potential competitors in India.
The reason for Triton’s entry at this time is pretty evident. From, Elon
Musk-led Tesla registering its Indian subsidiary in Bengaluru to Tatas
planning a
slew of EV launches in 2021
— everyone wants a bite of India’s booming EV industry. But Patel is
confident because, according to him, “the Indian carmakers are just
trying to make a very cheap price point to enter the market just like
Tatas or any other manufacturers of India. I think that’s the wrong
approach in my opinion.”
Triton is looking to invest around $650 million to $1 billion in
setting up a manufacturing facility in India. The company is also in
final stage discussion with Bharat Electronics Limited (BEL) to assist
it in the manufacturing for its battery, as well as our electronic
components. The company is also in talks with different state
authorities to set up its facility in India. However, the CEO declined
to name those. The company is looking to start manufacturing its first
vehicle in 3-6 months from now and aims to roll out the first car by the
end of this year.
He further explained that the solar panel in their car could generate up to 1.3 kilowatts per hour, reducing the AC from 3 KW draw to 1.3 KW draw. “This offsets the losses of mileage or kilometers in India. By just doing this, we’re saving about close to 30% of the battery for being used during traffic times.”
The use of solar panels is not new to the EV industry, but it would
be new for India. The Korean carmaker Hyundai has also used similar
solar roofs in its Sonata Hybrid, which is
expected to launch in February this year in India. The Sonata Hybrid is already available in the US and other global markets.
But would solar panels be enough to feed the battery alone?
Although the solar panel will reduce the battery’s load, it wouldn’t be enough for the car to operate on the solar panels alone. And, that is the pain point for the EV makers. The idea of going green looks promising, but the Indian EV infrastructure continues to be a big challenge for them. As of the latest data, India had 650 places where people could charge the EVs.
However, Patel revealed that they are in talks with many dealerships in major cities and other cities to set up their dealer facility to carry their EV fast chargers.
“And basically you know what our goal is to not only have multiple dealership outlets, but also, have satellite dealership outlets. So the satellite dealership outlets means that you have less infrastructure, but you have charging stations. We feel this is gonna be a very good starting point to get people to be able to get fast charging from ourselves as far as our building goals,” he said. Meanwhile, the company is also tying up with other charging companies in India cities like Delhi, Mumbai, Gujarat, Hyderabad and Karnataka.
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