TTR 1 Outcome : 30% lesser price for EV
30% lesser price for EV (Battery Subscription)
Battery subscription in Electric 4 wheeler makes NHEV not only globally unique but also technically most advanced in the row. After various successful roll out of battery swapping venture in e2W and e3W; while industry was still struggling to find a technically doable and economically viable model for swapping in electric 4 wheelers – NHEV comes with battery subscription on ‘Relay model’ for EV fleets.
Methodology
Advancing on MoRTH permission in August 2020 to sell and register EVs and Batteries separately, NHEV Piloted ‘Battery Subscription’ which allow fleet operators to own a vehicle without paying battery upfront cost and rather using it on subscription. Monthly post-paid bills for each car received by fleet-operators covering their 3 major concerns in 3 billable components:
l. Charge taken during the month
2. 30 Min Road Side Assistance availed in month
3. Premium, Maintenance, Recycling and Replacement.
Technology
Batteries fixed in cars are boarded by battery owners and operators as depreciating assets and a rent earning commodities. Batteries are tracked, timed and tested for safety and insurance as well as their replacement is being prepared by the battery manufacturer and current operator depending on they remaining charge cycles.
