Bharat Heavy Electricals Ltd (BHEL) is mulling a partnership with Japanese automaker Toyota to make electric vehicles (EVs) in India, the second fastest growing auto market in the world.
A top official in the Ministry of Heavy Industries told Business Line that Toyota has approached the engineering and manufacturing firm and is looking for an enhanced subsidy regime to make EV production cost-effective in the country. Toyota is keen on BHEL as the State-owned company has previously manufactured electric buses, and produces heavy electric equipment such as electric locomotives. Officials from BHEL and the Ministry are slated to visit Toyota's facilities in Japan next month.
“Toyota has invited us for a visit to their Nagoya plant. They want an Indian company to have a pioneering role and we're weighing whether BHEL can have a technical joint venture for making EVs. That possibility makes sense as BHEL has made EVs before and already makes electric locomotives,” said the official.
more at:
http://www.thehindubusinessline.com/2010/12/22/stories/2010122253880100.htm
Tuesday, December 21, 2010
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