Siemens MoU With Hinduja Grp For EV Charging Infra

Siemens Limited signed a Memorandum of Understanding (MoU) with the Hinduja group’s Switch Mobility Automotive Limited to play in the electric commercial vehicles segment. Siemens also said Siemens Financial Services (SFS), th

BY Realty Plus
Published - Tuesday, 13 Apr, 2021

Siemens MoU With Hinduja Grp For EV Charging Infra

Siemens Limited signed a Memorandum of Understanding (MoU) with the Hinduja group’s Switch Mobility Automotive Limited to play in the electric commercial vehicles segment. Siemens also said Siemens Financial Services (SFS), the financing arm of Siemens AG, would mull a minority investment in OHM Global Mobility Private Limited, another Hinduja group company. According to Siemens, it would also collaborate with Switch Mobility 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. While Switch Mobility would bring in its electric commercial vehicles into India, Siemens would provide the charging infrastructure technology and charging infrastructure management software solution to enhance the energy-efficient operations of the chargers, Siemens said.