The Indian auto industry is not too happy with the aggressive road map being laid out by the government in bringing electric vehicles into the country.
Both the Society of Indian Automobile Manufacturers (SIAM) and the Auto Component Manufacturers Association (ACMA) along with two wheeler leaders like Venu Srinivasan of TVS and Rajiv Bajaj of Bajaj Auto have cautioned against this government target for electric vehicles in the country.
The Automotive Industry fully supports an ambitious aspiration of the Niti Aayog in bringing in Electric Mobility in the country as soon as possible. India is an aspiring Nation and keen not only to catch up with the world but to go beyond in the field of EVs. However, the ambition needs to be tempered with a practical approach and what is possible without needlessly disrupting the automotive industry, cautioned Rajan Wadhera, President, SIAM.
The automotive industry, today, is facing multiple challenges of leapfrogging to BS VI emission norms, complying with many new safety norms etc., in the shortest time-frame ever attempted in the world. This is engaging the focused attention of the industry and involving huge investments of the order of Rs. 70,000-80,000 crore. Even before this investment is recovered, as per media reports, Government is proposing to ban sales of ICE based three wheelers within a short time frame of 2023 and to ban sales of less than 150 cc 2 wheelers by 2025. This seems to be impractical as well as untimely, said Wadhera.
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