India has a huge chance to be a leader in developing a world-class manufacturing environment for electric vehicles. Niti Aayog has already set an ambitious target of at least 30% EV adoption in passenger cars, 70% in commercial vehicles, 40% in buses, and 80% in two and three-wheelers by 2030. Etrio was the first EV firm in India to equip commercial vehicles for intra-city logistics, as well as the first to launch FAME-certified ground-up L5 e-3Ws. Etrio has already established a strong portfolio of customers and clients countrywide, while also working alongside 30+ global companies.
There is little doubt that electric cars represent the next great frontier in global transportation and mobility. With users, communities, policymakers, and companies supporting the increased adoption of zero-emission EVs across numerous sectors and use-cases, EVs have truly emerged as the most sustainable path towards decarbonizing transport and mobility globally, with an increased focus on environmental and pollution concerns as well as superior operating economics, particularly in commercial applications.
Today, almost all of the countries with the highest levels of electric mobility penetration (such as Norway, China, France, the Netherlands, and others) have done so thanks to significant contributions from native policies, innovative EV applications, and the development of a robust ecosystem around EV applications. With one of the world’s largest automotive markets, India has a huge chance to be a leader not only in driving adoption but also in developing a world-class manufacturing environment supported by long-term policy.
Commercial EVs are driving India’s EV narrative, particularly in the last mile of commercial freight operations. Aside from the well-documented benefits of electrification for cleaner air and overall environmental improvement, EVs can now provide not just greater operational economics than IC Engine-based vehicles, but also cheaper Total Cost of Ownership (TCO).
Scale EV adoption in India is certain to strengthen our local economy and industrial environment in the next years, with the potential to generate massive jobs. Furthermore, the improved operational economics of commercial EVs will lower logistical costs in India, increasing India’s competitiveness in the global industrial setting.
Niti Aayog, the nation’s main policymaking body, has already set an ambitious target of at least 30% EV adoption in passenger cars, 70% in commercial vehicles, 40% in buses, and 80% in two and three-wheelers by 2030. Furthermore, India’s Road Transport Minister, Shri Nitin Gadkari, has promised to reduce the cost of EV purchasing in India on line with petrol and diesel-powered competitors in the near future.
To that, there are supporting Central Laws such as FAME (Faster Adoption of Manufacturing of Electric and Hybrid Vehicles in India) and different state-specific policies, all of which work together to assist EVs in India survive, flourish, and grow in popularity and adoption.
Etrio believes that for India to properly establish itself as a “e-mobility superpower,” it must invest in developing a healthy and thriving local e-mobility industry in addition to capturing a significant part of global EV production. Aside from legislation, investments in EV infrastructure, the development of varied use cases for EV adoption, and the establishment of a viable ecosystem are all important.
Innovative EV OEMs such as Etrio are playing a critical role in realising the full potential of EVs in the country’s commercial segment by employing a data-driven approach to building ground-up cars and allowing new use cases for EV adoption.
The e-3W and e-4W products from Etrio are specifically designed and optimised to address its customers’ last-mile use cases in e-commerce (last-mile delivery), intra-city logistics, agri-logistics, waste collection, pharma cold chain logistics, gas cylinder delivery, and other emerging application areas. Notably, Etrio was the first EV firm in India to equip commercial vehicles (LCVs) for intra-city logistics, as well as the first to launch FAME-certified ground-up L5 e-3Ws.
Etrio believes in maximising the use of technology to provide a superior customer experience, not only in assisting traditional ICE vehicle drivers in making the transition to EVs, but also in ensuring that today’s fleet managers can replace ICE vehicles with EVs with minimal disruption and increased safety. Going forward, they will continue to fully understand their customers’ demands and will integrate the newest EV technology across their forthcoming and existing vehicle lines in order to assist our customers in both utilising EVs on more and more routes and transitioning seamlessly from ICE cars to EVs. Etrio has already established a strong portfolio of customers and clients countrywide, while also working alongside 30+ global companies, with a comprehensive approach ranging from building reliable and intelligent products and lowering total cost of ownership to ensuring a delightful customer experience.
They are now in the process of obtaining new clients and anticipate 10x growth in the coming fiscal years. Etrio is working and developing on both sides of the spectrum, from regularly experimenting with novel use cases across many domains/sectors for its EV-fleets to meeting the transport and logistics requirements for both intercity and intracity mobility. This implies it is generating a robust ecosystem and various use cases for EVs, and so delivering on all fronts in terms of supporting India’s EV-led transformation story.