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ICF announces collaboration with Japanese EV maker 'e-Gle' to introduce electric vehicles in India
India Center Foundation (ICF), a not-for-profit organization that has been playing a significant role towards India's socio-economic development for over two decades, on Wednesday, announced a business collaboration with Japanese Electric Vehicle (EV) maker - 'e-Gle' to launch electric vehicles in all segments in India.

Under the collaboration between the two Asian countries, electric vehicles in multiple segments are going to be introduced in India including passenger, public passenger and larger mobility solutions with the cooperation of Japanese vehicle company, according to a company statement.

As per the report published in The Economic Times, an Electric Vehicle (EV) technology has been developed by the Japanese EV maker e-Gle, based on in-wheel motor drive technology.

"We are delighted to be a part of the National Electric Vehicle Initiative (NEVI). We believe that India's mobility transformation presents an enormous economic opportunity, innovative business models and supportive policy frameworks that can help make India a global hub for manufacturing electric vehicles and their components," said Hiroshi Shimuzu, President & CEO at e-Gle and the innovator behind the electric vehicle technology.

NEVI, one of the key initiatives that contributes in uplifting the technology of electric vehicles, will be discussed at the upcoming Global Partnership Summit (GPS) which is scheduled to be organized at the Aero City in New Delhi from 11th to 14th December, 2017.

The summit is expected to lay the foundation of India's vision towards energy efficient and sustainable development.

To build the strong momentum in Indian automobiles market and pave the way for the adoption of electric vehicles in the near future, aspects like stricter emission regulations, lower battery costs, more widely available fast changing infrastructure, increasing consumer acceptance and better total cost of ownership will have to be looked into closely.

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