Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / News/  MG Motor India partners Exicom Tele-Systems to re-use batteries for ZS EV
BackBack

MG Motor India partners Exicom Tele-Systems to re-use batteries for ZS EV

Exicom will re-use electric vehicle batteries at the end of their lifecycle for a wide range of non-automotive applications
  • The company's latest partnership with Exicom focuses on ensuring environment-friendly disposal of batteries
  • MG Motor India, which currently sells Hector SUV, plans to introduce ZS EV early next year in the country. (Bloomberg)Premium
    MG Motor India, which currently sells Hector SUV, plans to introduce ZS EV early next year in the country. (Bloomberg)

    MG Motor India on Tuesday said it has partnered with Exicom Tele-Systems for second-life use of batteries which would be deployed in its upcoming electric model ZS.

    As part of the partnership, Exicom will re-use electric vehicle batteries at the end of their lifecycle for a wide range of non-automotive applications like home inverters, 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 in a statement.

    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 said.

    E-mobility also represents an important opportunity to overhaul energy infrastructure and make necessary investments in renewables and new grid technologies, he added.

    MG Motor India, which currently sells Hector SUV, plans to introduce ZS EV early next year in the country.


    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

    Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
    More Less
    Published: 26 Nov 2019, 11:39 AM IST
    Next Story footLogo
    Recommended For You
    Switch to the Mint app for fast and personalized news - Get App

    Chat with MintGenie