SIAM says golden opportunity for local

supply chain for EVs in India

The SIAM says golden opportunity to create a local supply chain for electric vehicles (EVs) in India.

The Society of Indian Automobile Manufacturers (SIAM) President, Rajan Wadhera said that the “It is a golden opportunity to create local supply chain in India, offer incentives and encourage research and development (R&D) in EV technologies. It is the time where we can move from manufacturing to R&D and product development and leverage the benefit of using common parts across several cars,”

The electric vehicles component manufacturers that it will get the opportunity to develop parts which are common across the platforms.

“It’s going to be an advantage for our country to leapfrog several years ahead of others,” Wadhera said for the government’s aim to create and develop the energy security for India and decreasing the oil imports.

“As a result, I think the electric vehicle or EV technology will continue to see the push,” he added. He also said that the “With oil prices so low, there is no business case for EVs. I think the build-up is going to take a lot of time. Nevertheless, I do see a place for EVs becoming a mainstream technology.”

Wadhera emphasized the government’s vision of making India a global hub for electric vehicles and set up a robust domestic supply chain. “I think this is an area to indulge in, getting the stimulus and going ahead with it,” he said.

He says that he cannot see much scope in the passenger cars in the near future due to the cost factors but he can see a lot of possibilities in the buses to be electrified sooner.

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