: Strong need for indigenous EV manufacturing supply chain #FinanceIndia #StockMarketNEWS Strong need for indigenous EV manufacturing supply chain New Delhi, 22 Oct (KNN) The second day of Digielec

@StockMarketNEWS Mon 25 Oct, 2021

Posted in: #FinanceIndia #StockMarketNEWS

Strong need for indigenous EV manufacturing supply chain #FinanceIndia #StockMarketNEWS
Strong need for indigenous EV manufacturing supply chain New Delhi, 22 Oct (KNN) The second day of Digielec Bharat 2021, organized by Indian electrical and electronics manufacturers associations (IEEMA) conducted 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.

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.

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. ”

S. Ghosh, Chief Executive Officer, Celsius 100 stated, “The signs are here –USD 5000 crore 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. ”

Rajanish Saxena, Head Engineering, Sun Mobility presented a different perspective mentioned that despite the government’s on standardisation, 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,” suggested Saxena.

Anil Shrivastav, former Director General, Niti Aayog, highlighted that the surge of 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, Sumita Dawra, Addl. Secretary DPIIT, Ministry of Commerce & Industry 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.