India’s Collaboration to Boost Electric Vehicle Export

Bengaluru-based commercial electric vehicle manufacturer Urban Sphere and supply chain company Procurabl, based in Pune, have formed an alliance with the aim of facilitating the export of electric vehicles (EVs) from India. This collaboration seeks to strengthen India’s position as a leading player in the manufacturing of commercial EVs while aligning with the ‘Make in India’ initiative.

Urban Sphere’s manufacturing units will be established to produce 1,000 electric buses per year, with Procurabl overseeing the supply chain for chassis and powertrain components. Procurabl will also focus on component localization, sourcing, and logistics to ensure timely deliveries to Urban Sphere’s manufacturing facilities. The electric buses manufactured will be targeted towards markets in Southeast Asia and Africa.

The partnership signifies a significant step towards making India a global hub for electric vehicle manufacturing. By leveraging Procurabl’s manufacturing network and technological capabilities, the collaboration intends to contribute to the ‘Make in India’ initiative. The synergy between the two companies in procurement and development areas is expected to foster growth in the MSME (Micro, Small, and Medium Enterprises) sector.

Both Procurabl and Urban Sphere share a common vision and commitment to accelerating the transition to smart and sustainable electric mobility, not only in India but also worldwide. The partnership opens doors to wide-ranging opportunities that will allow the companies to better serve their customers by providing innovative, environmentally-friendly products.

This collaboration will also have a significant impact on Procurabl’s order book, as Urban Sphere’s orders are valued at Rs 1000 crore over the next 5 years.

By joining forces, Urban Sphere and Procurabl are poised to boost India’s manufacturing capabilities and increase its presence in the global electric vehicle market. This partnership represents a progressive step forward in expanding India’s influence in the sustainable transportation sector and driving economic growth in the country.

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An FAQ section based on the main topics and information presented in the article:

1. What is the purpose of the alliance between Urban Sphere and Procurabl?
The alliance aims to facilitate the export of electric vehicles (EVs) from India and strengthen the country’s position as a leading player in commercial EV manufacturing.

2. What will Urban Sphere’s manufacturing units produce?
Urban Sphere’s manufacturing units will produce 1,000 electric buses per year.

3. What role does Procurabl play in the alliance?
Procurabl oversees the supply chain for chassis and powertrain components, ensures timely deliveries, focuses on component localization, sourcing, and logistics.

4. Which markets are being targeted for the electric buses?
The electric buses manufactured will be targeted towards markets in Southeast Asia and Africa.

5. How does this collaboration contribute to the ‘Make in India’ initiative?
By leveraging Procurabl’s manufacturing network and technological capabilities, the collaboration aims to contribute to the ‘Make in India’ initiative and foster growth in the MSME sector.

6. What is the vision shared by Procurabl and Urban Sphere?
Both companies share a common vision and commitment to accelerating the transition to smart and sustainable electric mobility, not only in India but also worldwide.

7. What impact will this collaboration have on Procurabl’s order book?
Procurabl’s order book will be significantly impacted, as Urban Sphere’s orders are valued at Rs 1000 crore over the next 5 years.

8. How will this alliance boost India’s manufacturing capabilities?
The partnership between Urban Sphere and Procurabl will boost India’s manufacturing capabilities and increase its presence in the global electric vehicle market.

9. What is the significance of this alliance for India’s sustainable transportation sector and economic growth?
This partnership represents a progressive step forward in expanding India’s influence in the sustainable transportation sector and driving economic growth in the country.

Definitions for key terms or jargon:
– EVs: Electric Vehicles
– ‘Make in India’ initiative: This is an initiative launched by the Government of India to encourage companies to manufacture their products in India and promote India as a global manufacturing hub.
– Supply chain: A network of organizations and activities involved in delivering a product or service to customers, from the sourcing of raw materials to the final delivery.
– Chassis: The framework on which a vehicle’s mechanical components, including the engine and wheels, are mounted.
– Powertrain: The components that generate and transmit power in a vehicle, including the engine, transmission, and drivetrain.
– Component localization: The process of sourcing and producing vehicle components locally, rather than relying on imports.
– MSME (Micro, Small, and Medium Enterprises) sector: Refers to businesses that fall within the category of micro, small, and medium enterprises, based on their size and turnover.

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