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Pinnacle: Your One-stop Destination For Online Casino Gaming – Representative Image New Delhi: Pinnacle Mobility Solutions, a Pune-based unit of Pinnacle Industries, which has invested in the electric bus business, is ready to set up its first plant in Pithampur, Madhya Pradesh, in partnership with European company VDL Groep Investing INR 2000 crore at the next five years.

A senior company official said the 50-acre plant will open in September and the facility will be operational in the next six to nine months.

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“The company plans to invest INR 300 crore in the current financial year. One third of this amount will be invested in research and development and two thirds of this amount in equipment and plant configuration,” said Sudhir Mehta, President, Pinnacle Mobility Solutions.

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The Pune-based electric vehicle manufacturer recently obtained the Central Motor Vehicle Rules (CMVR) certification for a zero-emission 9-meter pure electric bus under the EKA brand.

The initial manufacturing of EKA electric buses will take place at the parent company’s factory in the same region. “We are using the existing facility as a residence that has the capacity to produce 100 buses per month. The new manufacturing units will start operating in the next six to nine months, as production will be increased in two phases,” he said.

By June 2023, the facility will enter its first phase with a manufacturing capacity of 500 buses per month, Mehta said, adding that production can be expanded to 1,000 buses per month in the second phase. Under the 74:26 partnership, Pinnacle will supply interior parts and seat components for EKA electric buses, while VDL Groep will handle installation and tooling.

The company has plans to implement urban buses with a length of 9 meters and 13 meters through governmental and international tenders. However, it supplies the first 100 buses to the private sector, which includes a mixture of staff transport and school buses.

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Asked about expanding the market, Mehta said that by the first quarter of FY24, the company will start exporting 15% of its production. He added, “We aim to export 30% of our production by the end of fiscal year 24 to markets in Asia and Africa.”

The total size of the bus market was around 80,000 units in the pre-COVID years. According to Mehta, the government’s acceleration of electrification of public transport over the past two years has been a catalyst for the electric bus market. “By 2027, the domestic electric bus will be around 100,000 units and I think 40%-45% of that market will be electric, around 40,000-45,000 units per year. This is a huge opportunity for us,” Mehta added. .

By the end of the next fiscal year, the company also plans to enter the alternative fuel long-distance intercity bus market. “The government is ready with the hydrogen roadmap and we are ready to get the benefit of the first mover on this front. We feel that long-haul intercity buses are where the maximum switch to hydrogen will happen,” said Mehta.

In the future, Pinnacle also intends to use JV’s expertise in producing four-wheel electric light commercial vehicles (LCV) for the freight segment. The company will begin production of electric vehicles at the new Pithampur plant and eventually shift production to the proposed plant in Maharashtra.

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The new Pithampur facility will produce 1,000 electric vehicles per month. We are currently in discussions with the Maharashtra government and expect to have our second factory in the state by the middle of next year,” added Mehta.

According to Uday Narang, founder and president of the Faridabad-based EV company, the initial capacity of the facility will be 1,500 units per month, 1,000 units for charging and the rest for passenger electric vehicles. Previously, we planned to launch an initial public offering in March next year. However, we later decided to list the company in the international markets as well, and thus it was delayed for a few months.”

I have read the Privacy Policy and Terms and Conditions and agree to receive newsletters and other communications at this email ID. Pinnacle@Duxton Just saw a record deal of $1.232 million for a five bedroom apartment. It’s the highest price yet for an HDB condo; But as far as million-dollar apartments are concerned, it’s just another one in a long line. There are already about 40 units at Pinnacle @ Duxton that have crossed the million dollar mark.

DBSS scheme in about two years; It was released in 2004, and DBSS was only announced in 2006.

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This project was born in 2001, when URA held an international competition for architectural projects. Architects from around the world were asked to create a project that accommodated high-density public housing, optimizing individual terrain on Cantonment Road.

They also made it a special event because the land on which Pinnacle @ Duxton stands has historical value – it is the site of the first two public housing blocks in Tanjong Pagar. This makes it one of the first plots

The winner of that competition was a collaboration between ARC Studio Architecture + Urbanism and RSP Architects Planners and Engineers. Their idea eventually resulted in Pinnacle @ Duxton: the tallest public housing in the world to date, at 50 floors, and the first in the world to connect seven towers with two suspension bridges.

Some market observers have hypothesized – but never fully proven – that Pinnacle @ Duxton was the inspiration behind later DBSS projects.

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For example, the average price of a five-bedroom apartment in Singapore in 2004 was just over $300,000. However, most five-bedroom apartments in Pinnacle @ Duxton ranged from $345,100 to $434,900.

In fact, Pinnacle @ Duxton still holds the record for the highest average price for new apartments purchased from HDB; And the most expensive unit bought new for $646,000 (more than twice the average price of a five-bedroom apartment at the time!)

. It was taken by many as an indication that Singaporeans can and will seek affordable housing.

Just for the record: If you bought a five-bedroom unit here for $434,900 and then sold it for $1.232 million, that’s an estimate of 183.2% — about a 6.7% annual return.

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In short, the Pinnacle @ Duxton is built and marketed as a premium design and cannot be seen as a reflection of the broader HDB aftermarket.

This development is in a class of its own, and we should consider its million dollar units as an asset separate from the ‘real’ HDB apartments.

Tanjong Pagar is a historic area within the Central Business District and also within walking distance to the historic Chinatown area. There’s almost no chance of seeing a BTO launch anywhere near here: not only is the area packed, but there will be endless outrage on Facebook/Instagram over the injustice.

Pinnacle @ Duxton exacerbated complaints about people’s ability to secure HDB housing in central areas; there was

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Up for debate about how this should be handled fairly, since the people who get flat here are basically hitting 4D.

Very few apartment owners will ever abandon this site, so you will end up paying premium prices for any property here. Even if Pinnacle @ Duxton

A very special project, which will have very high prices for its location. Turns out that both boxes are checked.

Walking path. Both of the development’s airlifts, at 500 metres, are the longest in the world (and are popular places to watch the National Day parades).

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There is a trail connecting the 7 towers (something we’ve never seen in an apartment before), and along the way is a jungle gym, playgrounds, jogging track, etc. Other facilities include a food court, a nursery and some shops.

Some of them do not even own condominiums. So, again, it is not surprising that the prices are closer to those of the private sector than to the public ones.

Pinnacle @ Duxton’s design and fabrication are set to much higher standards than usual for an HDB show; The units sold are better furnished than most HDB apartments.

In fact, some private developers* have complained, stating that standards were higher than many condominiums. The interiors of the units are also designed with easily removable walls for different configurations; Again not uncommon in condominiums, but unheard of in condominiums.

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This may lend credence to the theory that DBSS flats, which also have similar finishes to condominiums, may be an idea that originated from Pinnacle @ Duxton.

Much like townhouses or two-story townhouses, Pinnacle @ Duxton is one of those properties that may have been built by HDB and owned under HDB rules, but

Apartment in the true sense. It probably makes sense to compare it to an executive condominium (not even a DBSS apartment), given its amenities.

Of course, that doesn’t change the fact that the people who bought a unit here for $439,000+ got a great deal.

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While it may be cheaper than a Tanjong Pagar Flat, the seller may set an exorbitant price above the appraisal. Keep in mind that home loans don’t cover cash appreciation, so you’ll need to pay the potential difference out of pocket.

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