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USA/CHENNAI, 24 September 2022: Mallawa Ventures Inc, a company based out of US, has developed plans to invest roughly USD 1bn (INR 8,000 crore) in Tamil Nadu to produce hydrogen-powered electric buses by 2030.
Land selection
Mallawa Ventures President and CEO Raj Karan stated that the company is looking for property on the outskirts of Chennai to build its manufacturing facilities for buses and hydrogen cells.
EV buses arrive in the first wave, by 2030 hydrogen buses
“By 2030, we intend to introduce buses that run on hydrogen. In 9 to 12 months, the first batch of e-buses will be introduced. The office’s headquarters will be in Chennai, and we want the region to serve as a manufacturing base for these e-buses,” as per Karan, who was cited in a PTI report.
While the first batch of 12-meter buses will probably be introduced in 9 to 12 months, the company anticipates achieving annual production levels of 1,000 to 1,500 buses by 2030.
The buses would be offered in three variations with differing floor heights: 400 mm, 650 mm, and 800 mm, and they would be able to travel between 350 km and 750 km on a single charge, report added.
In the initial stage, the business anticipates hiring 4,000 workers for the facilities.
