India: Shaping 3rd largest Automobile industry | OEM Update | Industry Speaks
July 30, 2022 10:49 am
India is shaping to be the 3rd largest automotive industry globally by 2030. Currently, it is the fifth-largest market, and it aims to achieve 100 percent electrification by 2030. The World Economic Forum ranks India 30th on the global manufacturing index, which assesses the manufacturing capabilities. Connectivity is still in the early stages of adoption in India. The demand for electric mobility will bring more innovations and different kinds of players like software and technology providers to enter into the automobile industry.
The PLI scheme would promote domestic manufacture of electric vehicles, hydrogen fuel vehicles, and a boost for local ACC battery storage products, for the Indian EV industry. The government’s ease of doing business and Make in India initiative play an important role in elevating the country’s position. Through the Automotive Mission Plan 2026, the National Electric Mobility Mission Plan, and other initiatives, the government seeks to achieve two objectives—facilitate long-term growth in the industry and reduce emissions and oil dependence.
On this note, OEM Update will be hosting a round table conference “India: Shaping 3rd largest Automobile industry” on 28th June, 2022. During this 90-minutes session industry experts will talk about emerging opportunities, EV manufacturing practices in the automobile industries, including schemes offering support growth of automobile industry as well as innovations and bringing technology providers for cleaner and sustainable future.
Mr. Rajesh Kumar Penchala from Etrio Automobiles Pvt Ltd.
Mr. Puneet Jain from Natural Battery Technologies
Mr. Arindam Lahiri from Automotive Skills Development Council – ASDC