As the push for sustainability gains further momentum the world over, India's ICE companies and startups, many of whom work with the old-fashioned players are looking to re-engineer the vehicle architecture from a sustainability perspective.
For a developing country like India, where the predominant share of the personal vehicle parc is formed by two-wheelers, followed by small cars, the automotive industry has its task cut out to minimise emissions, as well as help slash the country's huge crude import bill.
While the last decade saw intermittent actions from the industry, with OEMs taking the baby steps in investing into the electrification technology, the momentum has picked up post-pandemic. Consider these facts; EV sales were only pegged at a fledging 2,000 units in fiscal 2019, but thanks to spiralling fuel prices, sales have soared albeit on a low base by 686 percent to 211,398 units in the April-June quarter of the current fiscal as against 26,833 units for the year-earlier period.
Federation of Automobile Dealers Associations of India data suggests that retail sales of EVs hit their highest at 429,217 units in fiscal 2022, up 218 percent on fiscal 2021 134,821 units, and up 155 percent on fiscal 2020FY20's 168,300 units. From the looks of the fast-increasing EV sales in Q1, the current fiscal may well see new records being made.
PV majors step up game
In the passenger vehicle (PV) segment, Tata Motors, which has gained the first-mover advantage with its long-term strategy of entering the EV space has hit paydirt with the all-electric version of the Nexon crossover in January 2020 by plonking its EV technology in the ICE Nexon. The company's managing director, Shailesh Chandra told Autocar Professional in an interview that "The Nexon EV would be expected to play a good role in the industry's growth."
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Spain's Fersa Group invests in India-based Delux Bearings
Besides theRs100 croreinvestment, the Indian company gets access toadvanced technologies and bearings with arange of applications that willhelpinits global growth strategy, writes Manobhava Baruah.
Tata Autocomp to open compact dual-clutch transmission plant
Amidthe country’s growing need for personal mobility with easy manoeuvrability, comes the demand for vehicles with automatic transmission. Tata AutoCompisready tomovein writes Shruti Mishra.
Pankaj Munjal-backed Hero Motors raises equity from GEF Cap
The company willinvest Rs1,500 crore over thenextthree years andit expects 60 percent ofits turnover to come fromelectric vehicle parts. Itaims to becomea Global EV Solutions Company from India
New age thermoplastics for next-generation EV batteries
Saudi-based global materials major SABIChas developed cutting edgein fire-resistant polymers and flame-retardant materials that comply with various EV battery safety standards across the world.
Switch Mobility to meet growing e-bus demand with fresh capex
Oncourse for abillion-dollar business, the company is exploringa possibility of operating satellite factories across the country to serve different geographies, write ShahkarAbidi and Ketan Thakkar.
Kia India to invest Rs 2,000 crore in EVS, to introduce new e-RV in 2025
New investmentto drive R&D, infrastructure development and manufacturing capabilities. The company willlocally produce EVsin India with possibility of exports as well, writes Mayank Dhingra.
"The government has given enough time for indigenisation but the industry has not taken it seriously"
Amitabh Saran, Founder and CEO, Altigreen, shares his views on problems inthe EV industry and battery localisation solutions with Amit Vijay M.
TATA MOTORS SEES ONE INTWO CARS SOLDAS EVS BY 2030
The company aims to offer wider choices withnew EVs that may straddle a pricebracket of Rs20to 40lakhinthe coming years, writes Ketan Thakkar.
MG Motor India in expansion drive, to invest $100 million
The investment willbe usedtoramp up existing production capacity from1.2to1.4-15lakh units per annum atthe automaker's Halol plantin Gujarat, writes Ketan Thakkar.
"Technology and its multiplier effect are driving business transformations and customer experiences"
Technical Centre India is one of Continental’s largest research and development centres in the world, andasa Centre of Competence’ it also develops customised products for the BRIC countries.
