India is committed to reducing its carbon footprint and plans to have 30 per cent of cars, and the majority of the two and three-wheelers in the EV category by 2030. Lot of forecasts, predictions and research reports have been compiled by now, on the state of the Indian EV sector. The outcomes denoted in much of these could actually vary from the reality in a few years. The Indian demographic shape, socio economic base, economic development, availability of EV infrastructure would impact these. It is expected that India’s green mobility (especially EV) would be largely led by the two-wheeler and three-wheeler green transition.
Globally, the EV trend is picking up traction. It is estimated that by 2040, one in three cars sold will be EVs. Electric vehicles are also shaping what competences the automobile firms will need, and not surprisingly, it is new technologies that stands out. Many legacy automobile manufacturers have been slow to the EV game and have to deal with their stakeholders’ cultural preparedness in their transition towards the EV mindset. Electric vehicles are changing the face of the Indian automobile sector. Automobile brands who built their entities on mechanical engineering capabilities, had to build or rebuild competencies around technology. The engineering capabilities include battery technology, developing user interfaces, software capabilities, and product design expertise.
Early Challenges
The journey to a higher proportion of EVs, compared to the conventional IC engine vehicles won’t be easy. It will need certain aspects to be solved for, towards a large scale adoption of EVs.
Cost of EVs
هذه القصة مأخوذة من طبعة October 08, 2022 من Businessworld India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 08, 2022 من Businessworld India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Gauging Trumponomics For India
Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0
Reflections on Consciousness and Creation
Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind
MORE TAKE TO DRIVING IN STYLE
High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.
An ENRiching Outlook
KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence
Paving the Path to a Sustainable Future
Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees
LEADERSHIP TRANSITION AT XIAOMI INDIA
Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus
WEAVING SUSTAINABILITY
Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain
FORCE FOR GOOD
FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives
REIMAGINING TOMORROW
For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders