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EV ecosystem in 2021 sees growth of $750 billion in India

By Rahul Kamat,

Added 25 October 2021

The Country’s drive towards electric vehicle led mobility has accelerated in recent years.

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.

 

According to Guruprasad Mudlapur, Regional President & Managing Director, Bosch Auto, "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 the connected world."

 

To this, S Ghosh, Chief Executive Officer, Celsius 100 stated, "The signs are here -$5,000 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 the connected world."

 

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

 

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 innovations in design, technology, and production of EVs."