India’s second-richest person seems to be exploring an entry into the automobile sector. That’s right. The Adani Group might well set foot in the auto market in the future.
S B Adani Trust, an Adani Group entity, has recently received trademark approval to use ‘Adani’ for vehicles operating on land, in the air and in water.
As per recent developments, Adani plans to enter the electric mobility space, specifically the commercial vehicle segment, beginning with buses and trucks.
Such electric commercial vehicles will initially be used for the ports-to-power conglomerate’s in-house requirements in airports and ports.
The Adani Group will be rivaling the Tata Group and Reliance Industries
The group also plans to establish a research and development (R&D) facility in the special economic zone (SEZ) at Mundra in Gujarat. But there’s more.
Adani vehicles, a trademark for which was approved several months after the application was originally filed, could use batteries made by the group that also wants to install EV charging stations across the nation.
The electrification of commercial vehicles, notably light commercial vehicles (LCVs), is happening rapidly now. While the cost of operation of diesel light or medium cargo carriers stands at Rs, and 4/- per km, an electric alternative only costs 80 paise a km, which would lead to huge savings in the long run.