EV ecosystem in 2021 sees tremendous growth of $750 Bn raised by OEMs

4 critical pillars: Technology – adaptation to development; Policy – tendering to procurement; International business – export competitiveness and Quality & Safety

The Country’s drive towards electric vehicle led mobility has accelerated in recent years. However, a major hurdle in its ramp-up is likely to be the near-non-existent EV ecosystem, including charging infrastructure. The government has been attempting to provide a strong push to growth in this space.

The second day of Digielec Bharat 2021 had a session on EV Supply Chain – Seizing Opportunities, where experts from the EV industry deliberated that the need for indigenous EV Manufacturing Supply Chain is being felt stronger than before.

Mr Guruprasad Mudlapur, Regional President & Managing Director, Bosch Auto said, “Power electronics provides a lot of opportunities in India with local high quality manufacturing and recycling of batteries for mobility & storage use. What attracts the customer in EV is Sustainable transportation, Low cost of maintenance & Certainty driven through connected world.”

Mr S. Ghosh, Chief Executive Officer, Celsius 100 stated, “The signs are here –USD 5000 Cr investment in 2-3 wheelers with massive consumer acceptance. What attracts the customer in EV is Sustainable transportation, Low cost of maintenance & Certainty driven through connected world.”

Mr Rajanish Saxena, Head Engineering, Sun Mobility presented a different perspective mentioned, “The Government is working on standardisation but as an industry we have not done anything in terms of design and standardising. The need of the hour is collaboration between companies to diffuse risks and manage uncertainties while developing new technologies and manufacturing processes.”

Mr Anil Shrivastav, former Director General, Niti Aayog, concluded, “The surge in start-ups will not only help in laying down the ecosystem of drivetrains and related components but will also promote new innovations in design, technology, and production of EVs.”

Earlier in the day, Mrs Sumita Dawra, Addl. Secretary DPIIT, Ministry of Commerce & Industry. Ms. Dawra articulated, “the Indian industry must move up the value chain by building globally recognised brands. At the same time the products need to be energy efficient and price competitive too to be globally acceptable. The government’s responsibility will be to facilitate infrastructure creation, promote the country’s capabilities, create a favourable and predictable business environment, attract investments and promote R&D. The government and industry should work together to fulfil these goals.”

Commenting on Digielec Bharat, she said The exhibition is very impressive and providing an ease of doing business with the new online marketplace and buyer-seller meets – Ms. Sumita Dawra – Addl. Secretary DPIIT, MOCI