April 27 , 2021
2:30PM - 4:00PM IST
The automotive industry in India is at an inflection point post the slowdown of 2020; rapidly evolving and creating new opportunities of growth. While electric vehicles (EVs) were introduced as a clean energy initiative as they offer low or zero emissions, the Indian Government had laid out ambitious plans for this segment.
A NITI Aayog report estimated a target of 80% electrification for two and three-wheelers, 30% for four-wheelers, and 45% for buses by 2030. The government also aims to expand and improve the charging infrastructure and make it more accessible to public transit. In this panel, we decode how the growth of EVs could stimulate the local economy, how connected operations can improve efficiencies, what technologies are needed to develop the essential manufacturing infrastructure and secure the value chain.