This is a one stop halt to buy any car. A company called PES Limited is setting up ‘Prajay Autopolis’, an automobile mall in Hyderabad, a metro in India and is also well known for its software development companies.
The mall will be set up on a 35-acre site adjacent to Mumbai highway. It will have over 30.87 lakh square feet of constructed area. The company is currently finalizing the layout plans and the concept designs for the project. It has appointed international architects and planners for the assignment.
The construction is expected to begin by the end of the year and the mall is expected to open in the second half of 2008.
PESL stated that it was in talks with several leading automobile companies in India to finalize space bookings in the mall. The company expects revenue in excess of Rs 670 crore equivalent to $170 million over the next three years from this venture against an estimated cost of Rs 400 crore ($100 million).
The company has taken a novel initiative in auto retailing in India, where consumers will have the convenience of buying automobiles in a multi-brand retail space. It will be an end-to-end automobile solutions location comprising sales, servicing as well as warehousing.
The project will combine mega automobile showrooms with administrative, servicing and warehousing areas across more than 1,800,000 sq ft. This will also include facilities for automobile financing institutions and insurance services to create a complete range of services required for automobiles, for both automobile companies and their customers.
It will also have a multipurpose convention centre measuring 1.61 lakh sft for auto fairs and product launches, in addition to having a multi-level car parking facility and civic conveniences.
PESL also envisages building three towers comprising an Information Technology Park at the same venue. The IT Park will have a total constructed area of 15.08 lakh sft. In addition to the IT Park, the mall will have an office block above the showroom space for administrative offices and warehouses for auto companies.
It is not an exaggeration if India is being considered as an â€˜automobile hubâ€™ and the city of Hyderabad as â€˜Cyberabadâ€™. With the contributions of providing large infrastructure and novel ideas from private companies including participation of a few international ones the above mentioned names to be suiting the country and the city more appropriately. It is just not only for the name sake but such ventures provide revenues and employment for the people of the region.
Synonymous with the above innovative method of automobile mall we are also presenting a small write up about the â€˜electric carâ€™ in this article.
A second coming for the electric car:
Who killed the electric car? That is the question everyone in the automobile industry seems to be asking with the release of Chris Paine’s in the US last fortnight.
Even as the documentary is all set to ruffle quite a few feathers in the US, automobile manufacturers in India are adopting a wait-and-watch policy to its repercussions in the country.
The 92-minute documentary has accused General Motors and other major automobile manufacturers of distorting the image of the electric car for their selfish interests. However, General Motors India has a different take on the subject. General Motors India realizes the potential of alternative fuel driven vehicles and are currently designing such prototypes in California.
There is a definite demand for electric and other alternative fuel vehicles, but at present they do not possess the infrastructure needed to compete in the market.
Bi-fuel technologies would emerge as the future of the automobile industry. The entire controversy on automobile companies wiping out the electric car began with the zero emissions mandate.
Auto manufacturers were not happy with the mandate that required two per cent of all new vehicles sold in California to be emissions free by 1998 and ten per cent by 2003. Automobile companies viewed this as a threat to their operations and began rolling out badly promoted low quality electric vehicles.
Reva electric car company of India, the only exclusive electric car manufacturer in India said it is important to raise such issues with automobile manufacturers.
The company believes alternative fuel vehicles will reach an estimated global sale of over 1.6 million units and $ 39 billion by 2009. Unlike in other countries, where electric car owners are given several benefits such as subsidies on the purchase price, free parking, free charging, congestion tax-cut, no road tax, etc the support structure in India is very minimum.
China has established a technology mission with an investment of $106 million to develop alternative fuel vehicles.
In India the Power Engineering Society (PES), Industry Applications Society (IAS) and Automotive Research Association of India (ARAI) are planning to hold a nation-wide conference on electric and hybrid vehicles to advance the progress made in this type of vehicles.