Canada's Electrovaya plans India JV

According to Chief Executive officer Shankar Das Gupta with auto manufacturers in India planning to come out with electric buses for urban transportation, there will be huge demand for battery to run these vehicles. We are seriously looking at tapping the emerging battery market in India, he said.

“Leading bus manufacturers in India have evinced keen interest in Lithium Ion Super-Polymer battery systems developed by us for running electric vehicles,” he said. Electrovaya has tied up with India’s Hero Electric, subsidiary of Hero Group, to set up a joint venture for using its Lithium Ion Super Polymer battery technology for electric scooters and motorcycles. Tata Group was also showing interest to source battery for its electric version of Nano.

Incidentally, Electrovaya was completing test run of Maya-300 passenger car which would go for commercial production soon.

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