To develop the Indian Electric Vehicles Eco-system further, motorcycle giant TVS Motors has taken another crucial decision. TVS will invest on Solar and Wind power for EV charging stations.
TVS will invest on Solar and Wind Power
TVS Motors has decided to invest larger amounts in clean energy generation through solar and wind power for setting up its EV charging infrastructure.
The company decided to invest INR 6 Cr in the financial year 2019-2020, by the end of March 2020. The transmission to clean energy will be a part of TVS Motor’s initiative, ‘Group Captive Mode’. Through this initiative the company will focus on its future course to conserve energy.
Under the initiative, the company will be going to invest in the development of the following:
- Bring out the new technologies to reduce emission
- Reduction of carbon footsteps to meet future norms
- To achieve sustainability through alternative materials and processes
- To reduce weight, cost and improvement of vehicles
- To develop new technologies in the areas of hybrid and electric power-trains
This investment will be made as a part of TVS’s Environmental, Health and Safety (EHS) policy. Through this policy, TVS wants to bring healthy changes in climate by improving energy efficiency and the use of renewable energy.
TVS will also be launching its electric motorcycle Creon, and its price is expected to be between INR 72K to 82K. The bike is powered by a lithium-ion battery and can reach up to 100 Km per hour speed from within 5.1 seconds. Besides Creon, TVS will also be launching Zeppelin the coming year.
Besides all these, the company also claims that it follows a Clean Development Mechanism (CDM), under which renewable power contributes to 60% of its overall power consumption. The company also claims that, as a result of these initiatives, it has reduced its carbon dioxide emissions of 50K tonnes in the last financial year.
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