MG Motor India has partnered with Exicom Tele Systems for second life to use of batteries which would be deployed in its upcoming electric model ZS. Exicom, part of the partnership will re-use electric vehicle batteries at the end of their lifecycle for a wide range of non-automotive application such as home investors, commercial and industrial uninterruptible power supply and renewable energy storage.
“Over the past few months, we have worked towards creating the right ecosystem for our customers ahead of the launch of the ZS EV, including charging infrastructure and busting common myths around EVs,” MG Motor India President and MD Rajeev Chaba said. The company’s latest partnership with Exicom focuses on ensuring environment-friendly disposal of batteries, he added.
“Making electric mobility mainstream is one of the biggest challenges and opportunities we face,” Anant Nahata, MD, Exicom Tele-Systems also said. E-mobility also represents an important opportunity to overhaul energy infrastructure and make necessary investments in renewables and new grid technologies, he added. Currently, MG Motor India sells Hector SUV plans to introduce ZS EV next year in the country.
Read EquityPandit’s Nifty Outlook for the Week
Signals, Powered By EquityPandit