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India to be the second largest eVehicle market: NITI Aayog

Jun 08, 2019

NITI Aayog plans to capitalise on the size of Indian automobile market in collaboartion with next-gen e-mobility.

New Delhi: “India is going to be the second largest eVehicle Market in the world by 2030”, said Anil Srivastava, Principal Advisory, NITI Aayog, Government of India during CII Next-Gen e-Mobility Summit’19 held at New Delhi, today. The focus of all stakeholders must definitely be on ensuring last mile connectivity as India greatly depends on informal modes of transport in the hinterlands emphasized, Srivastava.

He added that NITI Aayog plans to capitalise on the size of Indian automobile market in collaboartion with next-gen e-mobility.

Speaking at the occasion, Mr R C Bhargava, Chairman, Maruti Suzuki India Ltd mentioned that the focus should be on Electrifying two-wheelers first as they consume around two-third of the total petro-chemicals consumed by vehicles and gradually we should move towards electrifying other vehicle segments. He emphasized to make EVs affordabale and charging manageable.

Devender Singh, Additional Chief Secretary, Industries & Commerce, Government of Haryana highlighted the importance of customer receptiveness towards the formulation of policy frameworks. He emphasized that Haryana ranks among top 5 states in India to adopt EV technology and with State efforts on smart cities, skill development and ease of doing business, Haryana is aiming to come up with its EV policy.

Rattan Kapur, Past Chairman, CII Haryana State Council & CMD, Mark Exhaust Systems Ltd elucidated on the fact that the automotive industry wih Government’s support is revolutionsing the meaning of mobility with an aim to achieve efficient land use, create new jobs, improve public health and meet strategic goals of curbing oil imports and building competitive electric-car firms due to the rising competition from EV forerunners especially China. He stressed on the need to collaborate and integrate Original Equipment Manufacturers (OEMs) and suppliers with the State to create a robust EV charging network, achieve self-sufficiency in battery production, up-skill automobile workforce, focus on last mile connectivity with two and three wheelers, and exploit the opportunities that lies in alternate fuels as well renewables.

Speaking on the occasion, Charles Frump, Managing Director, Volvo Cars India remarked that “E-vehicles are destined to be the future of mobility. The future of sustainable e-mobility earmarked with full transition from diesel to petrol-fuelled vehicles lies ahead in plug-in hybrid vehicles.”

Sameer Gupta, Chairman, CII Northern Region and CMD, Jackson Engineers Ltd. highlighted on the unique combination of complementary strengths in North Indian region that hold immense derivative potential to transform the outlook of mobility. He stressed on a clear policy framework to effectively and efficiently integrate EVs into the evolving energy markets.

Anuj Munjal, Chairman, CII Haryana State Council & ED, Munjal Auto Industries Ltd. referring to an estimation of 500 million trips per day by next decade, mentioned the immense potential of emerging disruptions in e-mobility in redefining the contours of urbanisation and the positive impact it carries on economic structure of the nation.

Sunjay Kapur, Vice Chairman, CII Haryana State Council & MD, Sona BLW Precision Forgings Ltd emphasized that the emergence of e-vehicles will create a lot of opportunities as well pose many challenges for the existing industry.

A CII Report titled “Redifining Mobility: Sustainable, Connected and Shared” was released during the summit. The summit was attended by over 250 delegates from the automobile industry.

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