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India will soon get its first set of all-electric commercial vehicles through Croyance Automotive. The Gujarat-based automotive startup will launch two electric Intermediary Commercial Vehicles (ICV) in the country by October 2019: Electro 1.tonne and Electro 2.tonne. The Indian EV company was started back in 2015 by lady-entrepreneur, Kapila Soni.
ET Auto shares that Croyance Automotive aims to attain an annual sales target of 1500-2000 unit by launching the trucks in six main Indian cities: Bangalore, Chennai, Delhi, Nagpur, Jaipur and Mumbai. The company has also partnered with TVS Auto Assistance for after-sales services.
Kapila Soni confirmed that production of the Croyance Electro range will commence in May 2019 at the brand's 15-acre facility in Surat. The manufacturing plant has an annual capacity of more than 6000 vehicles.
The Croyance Electro 1-tonne and 2-tonne has a kerb weight of around 2000kg. Powered by six batteries, both electric commercial trucks feature two charging modes: Normal and Turbo (fast-charging). The claimed range is around 120km on a single charge. This makes it an ideal choice for town-to-town commercial activities, but not for long hauls.
Speaking about the pricing of the new Croyance electric trucks, Kapila Soni shared, "The price range of our models is quite less expensive as compared to any other big brand. The ex-showroom price of the vehicle will be around Rs 7-7.5 lakh which is almost half of the price of products that are present in the market."
"We are in talks with government banks for financing. Meanwhile, we are also looking for angel firms and equities and will be happy to collaborate with them," she further added.
Croyance Automotive is also looking forward to developing new products in the public transport segment. By 2021, the company plans to introduce an all-electric mini-bus which can accommodate 18-25 passengers. The brand is in talks with concerned authorities in Chennai to acquire land to set up its second manufacturing facility.
Thoughts On India's First Electric Commercial Vehicles
India's electric-vehicle portfolio is still at a growing stage, but thanks to various EV brands and government initiatives to support them, the country is witnessing a greater demand for electric products. With the introduction of all-electric vehicles in the commercial segment, Croyance Automotive will surely play an active role in shaping India's e-mobility future.