: Convergence of policies and players key for a just transition to emobility #FinanceIndia #StockMarketNEWS Electrification the most significant factor for auto-sector New Delhi, Sept 10 (KNN) There

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Convergence of policies and players key for a just transition to emobility #FinanceIndia #StockMarketNEWS
Electrification the most significant factor for auto-sector New Delhi, Sept 10 (KNN) There are a number of new players entering in transition to electric mobility. Many of the existing players are also showing interest in this. For the transition to be ‘just’ we have to understand the necessities of an integrated ecosystem development and then figure out the ways to achieve it, said Bipul Chatterjee, Executive Director, CUTS International.

He was moderating an online panel discussion on the theme of “Localisation as a Vehicle for Achieving Just Energy Transition”, co-organised by CUTS International and FES India at the Just Transition Forum in Asia 2021 on Thursday.

Shilpi Samantray, Senior Manager and Lead Electric & Energy Mobility, Ola Mobility Institute, was invited to highlight the discourse on linking the technological disruptions and trends of the auto sector with their impact on the sector specific stakeholders at different levels of economy.

“There are four technologically driven trends which are leading the disruption in the auto-sector, which are, Shared Mobility, Connected Mobility, Electric Mobility and Autonomous Mobility. Out of these, electrification is the most significant factor for auto-sector OEMs and component manufacturers. With an integrated policy development this disruption can be nurtured and scaled across the supply chain and businesses,’’ she said.

Zafar Equbal, Co-founder and CEO, Goenka Electric Vehicles Pvt. Ltd. , also threw some light on the ground realities of a ‘just transition’, from policy to practice.

“Low volumes of components is the main issue in the way of localisation of EVs. In the past one-two years the procurement of raw material from China has become costlier. With this, the governments push towards indigenisation by FAME II and other policies has helped many manufacturers to come forward and join hands to manufacture all components in India,” he highlighted.

The discussion was carried forward by inviting K V Narsimham, Director and COO, Quanteon Powertrain, to speak on the perspectives of new entrants in the localised EV Ecosystem in terms of innovation.

“The past trend was to set manufacturing units in India for series production of vehicles designed in other countries. As a result of this many automobiles do not fit in with Indian traffic conditions. Fortunately, with transition to EVs, people have realised that there are some segments of vehicles which are Indian specific and hence there are solutions which are not present elsewhere which gives us a scope to improvise by opening the gate for innovations and technological advancement,” he said.