Siemens Limited, Switch Mobility sign MoU to provide E-Mobility solutions in India
Published on : Friday 09-04-2021
Siemens Limited and Switch Mobility to jointly contribute to the E-Mobility solutions for commercial vehicles and execution of E-Mobility projects in India.
Mumbai, April 8, 2021 – Siemens Limited has signed a Memorandum of Understanding (MOU) with Switch Mobility Automotive Limited, subsidiary of commercial vehicle manufacturer Ashok Leyland Limited, to jointly address need of electric commercial vehicle customers and execute E-Mobility Projects in India.
The MOU is aimed at delivering efficient, cost-effective and sustainable E-Mobility solutions to various commercial vehicle customers in India. Switch Mobility will bring its electric commercial vehicle industry experience while Siemens will provide the charging infrastructure technology and charging infrastructure management software solution to enhance the energy-efficient operations of the chargers. Siemens’ charging infrastructure management software solution would enhance the energy-efficient operations of chargers.
The two companies will collaborate on new business models such as eMobility-as-a-Service (eMaas), integrated depot energy management, Vehicle-to-Grid (V2G) as well as on-site / off-site renewable energy sources by leveraging batteries from commercial vehicles.
Commenting on the partnership, Dheeraj Hinduja, Chairman, Switch Mobility Ltd., said, “Switch Mobility has a strong pedigree in the commercial vehicle market in India and is ideally placed to promote our aspiration of zero carbon emission transportation. With our experience of over 230 Electric Vehicles already in operation successfully in India and the U.K, we see immense growth opportunities for Switch’s expansion in India, Europe and many Global markets. Our aspiration is to make Electric products more affordable through this offering which is shared by Siemens, renowned for their rich technological pedigree in innovative engineering solutions. We believe that a collaborative approach will accelerate the process. I am very excited with this collaboration which I strongly believe augurs well for the future of commercial e-mobility, in India.”
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, “Siemens is a global leader in E-Mobility solutions for commercial vehicles. We have been implementing projects for electric commercial vehicles across the globe. Together with Switch Mobility, we intend to implement high-quality techno-commercial solutions to address the needs of the growing E-mobility market in India.”
As part of the MOU, Siemens Financial Services (SFS), the financing arm of Siemens AG, will consider a minority investment in OHM Global Mobility Private Ltd., the eMaas platform company to be formed as a subsidiary of Switch Mobility Automotive Limited.