India is currently charging up for an electric revolution, as evidenced by the growing interest and adoption of electric vehicles (EVs). The government is powering this momentum with supportive initiatives aimed at reducing pollution and fossil fuel dependence. Public attitudes are shifting gears too – where once people balked at limited range and a steeper upfront cost, they now show increased confidence in EV technology as it evolves and becomes more accessible.
Recently, Vahan portal released data on EV sales, which also reflected a significant surge in consumer demand. According to the data, India’s electric vehicle (EV) industry touched the milestone of one-million unit sales in the financial year 2023, with the two-wheeler (E2W) segment securing the top spot in the ranking. Out of the overall electric vehicle sales of 1,152, 021 units, the electric two-wheeler segment accounted 63 per cent share, with 7,26,861 high-speed units sold.
"NON-RECEIPT OF SUBSIDIES IN TIME FROM THE GOVT HAS CAUSED WORKING CAPITAL TO DRY UP"
Sohinder Gill, CEO - Hero Electric and DG - Society of Manufacturers of Electric Vehicles (SMEV), opens about how non-timely payment of subsidies to the OEMs has drastically impacted their working capital and why an all-inclusive policy is need of the hour for quick EV adoption in India.
Government has announced clearing the dues of EV makers by the end of June. How do you look at this development?
هذه القصة مأخوذة من طبعة June 2023 من The Machinist.
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 June 2023 من The Machinist.
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
SIMPLE AND SECURE NETWORKING: UMATI CONNECTS THE MACHINE PARK AT UNITED GRINDING
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OUR AI-ENABLED PLATFORM ADDRESSES THE CHALLENGES POSED BY THE RETIRING WORKFORCE
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INDIA'S DEFENCE EXPENDITURE AND DEVELOPMENT: FROM INDEPENDENCE TO ATMANIRBHARTA
India’s journey from a nascent post-independence state to a burgeoning global power in defence is a testament to strategic foresight, policy perseverance, and the indomitable spirit of self-reliance. Over the decades, India has gradually shifted from reliance on foreign defence supplies to fostering a robust indigenous defence manufacturing sector, aligning with the broader vision of Atmanirbharta.
ADI'S VISION FOR BMS GOES BEYOND MANAGING BATTERY CHARGE
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WE AIM TO DOUBLE OUR REVENUE TO RS 6,500 CRORE BY 2025
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TRITON WILL BE RS 500 CR COMPANY IN THE NEXT 3-5 YEARS
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UNVEILING THE PATH TO AI-DRIVEN MANUFACTURING EXCELLENCE IN INDIA
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DIGITALISATION AND THE POWER OF SAAS FOR SMALL AND MEDIUM ENTERPRISES
As small and medium enterprises SMEs) face increasing pressure to innovate and accelerate time-to-market, adopting digital transformation is crucial. Leveraging Software as a Service SaaS) offers SMEs an affordable, scalable solution to streamline operations, boost productivity, and remain competitive in today’s fast-paced market.
