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Goldstone’s Electric Bus Becomes country’s first to be commercially launched for Public transport; flaggedoff by Himachal Roadways

·      The commercially launched Electric Bus will ply between Kullu-Manali-Rohtang Pass in Himachal Pradesh

Chandigarh, September 22, 2017: Goldstone Infratech Limited(Listed on BSE & NSE – GOLDINFRA),has today announced that its state of the art Zero Emission electric bus has officially started runningunder Himachal Pradesh Transport Corporation.The 25+1 seater Goldstone eBuzz K7was flagged off by Sh. G S Bali, Minister of Transport, Himachal Pradesh Governmentat Kullu in Himachal Pradesh and will ply between Kullu-Manali-Rohtang Pass. Thisbus from Goldstone Infratech has the distinction of successfully completing trials at a steep gradient and over 13,000 feet altitude for the first time in the country.

Goldstone’s Electric Bus Becomes country’s first to be commercially launched for Public transport; flaggedoff by Himachal Roadways

Key Points

· Goldstone - eBuzz K7 is ARAI Certified and can run over 200 Kms in a single charge

· Buses being manufactured under a tie up with BYD Auto IndustryCo. Ltd – world’s largest electric vehicle company

· Successfully completed trials at Delhi, Bengaluru, Hyderabad, Himachal Pradesh, Chandigarh and Rajkot

· Confirmed Orders from BEST (Brihan Mumbai Electricity Supply and Transport Undertaking) in addition to HRTC (Himachal Pradesh Road Transport Corporation)
The bus which has been Made in India by GoldstoneInfratech Ltd.has been certified byAutomotive Research Association of India (ARAI),after extensive testing at part level and vehicle level at various testing facilities.

Goldstone’s electric buses with Front and rear airsuspension offer comfortable rides to the commuters. These Electric Buses are manufactured in tie-up with BYD Auto IndustryCo. Ltd – world’s largest electric vehicle company. Each bus can run over 200 kms in a single charge and can be recharged in less than 4 hours due to itsfast charging technology. These buses use Lithium Iron Phosphate battery which ensure Longer lifetime, better power density and is safe due to Chemical and thermalstability.

Mr.Anand Swaroop, Chief Operating Officer –Goldstone InfratechLtd said, “Goldstone Infratech is proud to become India’s first company to run its ARAI certified Electric Buses on Indian Roads. We are committedto offer quality products to the country. We are sure that these electric Buses which have started serving thepassengers between Kullu-Manali-Rohtang pass at such a high altitude will become benchmark for everyState Transport Undertaking. This will surely augment faster adoption of much needed Electric PublicTransport system in the country and further support the cause of environment protection.”

Earlier in August this year, the 12-meter low Floor AC electric bus from Goldstone-BYDsuccessfullycompleted the trials with Chandigarh Transport Undertaking. In addition to this, Goldstone-BYDconducted successful trials of its electric buses in the Delhi, Bengaluru, Hyderabad and Rajkot.

The company would be supplying 25 electric buses to Himachal Pradesh Road Transport Corporation. The Companyhas also received order of 6 electric buses to Brihan MumbaiElectricity Supply and Transport Undertaking (BEST).

About Goldstone Infratech Limited

Goldstone Infratech Ltd, a public listed company, is the largest manufacturer in India for Silicone Rubber/Composite Insulators for power transmission and distribution networks and supplies to large transmission & distribution companies and Railways/Metro Rails in India and overseas. As of now, Goldstone is the only Indian company to have developed and supplied 800KV HVDC Silicone Rubber Insulators. The range of Composite Insulators manufactured includes 800KV, 765KV, 400KV, 220KV, 132KV, 66KV, 33KV & 11KV. The company has also developed and tested 1200KV insulators for PGCIL. The Company is market leader through creative technologies and commitment to excellence. For Electric Buses, the Company has a strategic tie upwith BYD Auto Industry Company Limited.

BYD Auto Industry Company Limited is the largest manufacturer in the world for pure Electric vehiclesincluding electric buses. BYD Company Limited (“BYD”), the parent company of BYD Auto Industry CompanyLimited, a public listed company, is one of the top 500 Chinese Enterprises specialized in IT, automobile,new energy and light rail. Founded in February 1995, BYD started out with rechargeable battery business, and entered the automobile industry in 2003. Currently, BYD is the world’s only automaker that simultaneously masters the technologies of batteries.