33 C
Monday, May 25, 2020

Punjab govt and Japan in talks to launch electric vehicle buses

Punjab govt and Japan in talks to launch electric vehicle buses Chandigarh, Dec 3 (IANS) The Punjab government is in talks with Japan to launch electric vehicle (EV) buses based on the Japanese model of state-of-the-art quick charge lithium-ion batteries, beginning with a pilot of five buses in Chandigarh and Patiala, an official said on Monday.

The government will take forward the discussions on the Japanese EV Corridor during the forthcoming Progressive Punjab Investors Summit 2019 in which the Japan External Trade Organization (JETRO), a Japanese government-related organisation, is partnering for the country session.

- Advertisement -

The JETRO promotes mutually beneficial trade and investment between Japanese organizations and other countries.

A delegation led by the Japanese Ambassador to India will attend the summit, which will also see the participation of key stakeholders from Mitsui, SML Isuzu, Mitsubishi and Yanmar, according to state Additional Chief Secretary Investment Promotion Vini Mahajan.

Punjab is also pursuing the setting up of a centre of excellence in advanced and emerging technologies with the Union Ministry of Electronics and Information Technology, she said.

Taking advantage of the favourable industrial and investment climate in the state, and the ease of business promoted by the new industrial policy of the Amarinder Singh government, Japan has undertaken significant investment in the state in recent months, particularly in the automobile sector.

Recently, Ludhiana-based Vardhman Special Steels Ltd received a capital infusion of approximately Rs 500 million from Japan’s Aichi Steel Corp, which acquired 11.4 per cent stake in the Indian steel major.

Vardhman’s Ludhiana plant will supply special steel components to Toyota’s Chennai plant for manufacturing automobiles.

They will develop special steel grades for automotive companies in India to help fill the gap of providing substitution of steel that is currently being imported.

In September 2018, Sumitomo Corp, which holds over 50 per cent stake in SML ISUZU, invested Rs 200 crore in technology, product development and expanding production capacity to 25,000 units per shift from 15,000 units at its Nawanshahar plant in Punjab.
Other Japanese companies that have invested in Punjab’s automobile industry are Yanmar Holding, which owns over 20 per cent stake in International Tractors Ltd (commonly known as Sonalika), the biggest tractor manufacturers in the country.

They are now planning to launch new hybrid tractors in India – Micro Hybrid, Mild Hybrid and Plug-In Hybrid (three variants).

Further, New Swan Technologies, a leading Punjab-based manufacturer of fine blank, metal sheet parts and sub-assemblies, has entered into a technology collaboration with Gunma Seiko for manufacturing of precision cold forging components for the automotives and general industries.

Total Cases

Active Cases







Covid 2019 India Stats Overview. Source: Ministry of Health and Family Welfare. Updated: 24 May 2020, 08:00


Please enter your comment!
Please enter your name here

Must Read

Five conditions outlined to conduct 10th, 12th board exams

New Delhi, May 20 (IANS) The Ministry of Home Affairs (MHA) on Wednesday allowed to conduct the pending board...

Covid cases to surge from migrant influx, but we are ready: Harsh Vardhan

New Delhi, May 25 (IANS) Union Health Minister Harsh Vardhan on Sunday said that coronavirus cases will increase in different parts of the country...

Mandatory 14 days quarantine guidelines for internatioal arrivals

New Delhi, May 25 (IANS) The Union Ministry for Health and Family Welfare has come up with guidelines for international arrivals into India through...

71% prefer domestic travel, only 1.4% wish to go abroad

New Delhi, May 25 (IANS) A survey by the Confederation of Indian Industry (CII) has shown that around 71 per cent people in the...

Retail trade lost Rs 9 lakh cr of business in 60 days: CAIT

New Delhi, May 25 (IANS) India''s retail trade lost business of around Rs 9 lakh crore during the past 60 days of the nationwide...

More Articles Like This