India’s $50b Hinduja Group has grand ambitions in UAE’s electric vehicle space

India’s $50b Hinduja Group has grand ambitions in UAE’s electric vehicle space

Dubai: The $50 billion Hinduja Group will start testing demand in the UAE for electric-powered buses and light commercial vehicles – and build on the gains already established with its fuel-run vehicles. Last year, in July, the Mumbai-headquartered Group made its entry into the EV space with the launch of Switch Mobility. A top Hinduja official reckons that government incentives given for a transition to electric transportation could help. “In India and the UK, we already have a good order book for 5,000 electric buses and around 2,5000 light vehicles,” said Dheeraj Hinduja, Executive Chairman of a Group that had its origins in 1914 and has in the 100 plus years since built up a globe-straddling business empire built around oil refining, automotive manufacturing and, increasingly, in financial services. “The UAE would be a great market to get into for the EV range – whether that means shipping our vehicles from India or the UK needs to be tested. All of that will depend on the price points, the demand, and all the rest of it." If all goes well, have an assembling facility right here in the UAE. And if the demand is there, the Group could then consider