Industry stakeholders are unanimous in their view that innovation must be encouraged.
“India recently gave the PLI approval for 40 GW hours of battery capacity. It should have done it 10 years ago. Today, China has a monopoly and can choke India's EV industry. If India really wants to be a major player in the EV space, we need to think at that level. We have to change the chemistry," said RK Misra, Co-Founder, Yulu.
He was part of the panel discussing EV market dynamics on Day 2 of Autocar Professional's Two-wheeler EV Forum. Other panellists included Prabhjot Kaur, Co-Founder & CEO Esmito, Akash Gupta, Co-founder and CEO, Zypp and Ranjtha Ravi, Co-Founder, Orxa Energies.
In his view, Mishra felt that the government erred by not including low-speed electric vehicles in FAME II when it "was there in the FAMEI". He elaborated by saying "If it had been, there would not be any fly-by-night operators.
Misra said the company he co-founded gets its cells not from China, but from Japan. He reiterated that the company has ensured it makes quality products adding that most of the recent fires (involving e-two-wheelers, were all high-speed and not low-speed vehicles.
Standards are key
So will the standardization of products ensure that there are reduced mishaps? At this point, Ranjitha Ravi, Co-Founder, Orxa Energies entered the debate saying that 'standards are good and standardization is not "OEMS have a lot of advantages from an engineering standpoint and this leads to safer products, better range, more power which are good for the electric vehicle," she said. So, such an early-stage standardization might not be good for electric vehicle growth, she said.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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.