The Treasure Chest For EVs
Auto Components India|April 2023
The discovery of lithium-ion reserves in India changes the IndiaEV equation. Ashish Bhatia explains the big deal about the new found, treasure chest.
Ashish Bhatia
The Treasure Chest For EVs

The Indian EV industry wore a scar despite vying for a ‘Made in India’ status. The imports of lithium-ion battery packs until local produce picked up pace proved a sore point for the industry. It continues to dictate EV prices despite the fall of battery costs at a 10 per cent CAGR estimated by Bloomberg between 2018-24. Despite the subsidies extended under schemes like the FAME II scheme and incentivisation through Production Linked Incentive (PLI) for Advanced Chemistry Cell (ACC), the EV ecosystem weighs under the high procurement costs of rare earth metals like lithium. The PLI outlay alone is Rs.18,100 crore for five years from May 2021, to give a perspective. No wonder then, the recent discovery of lithium in Jammu & Kashmir (J&K) has given a new lease of life to Original Equipment Manufacturers (OEMs) betting big on EVs. More and more EV players are today collaborating with companies they can leverage to have greater control of the end-to-end value chain for standardisation and realisation of better Economies of Scale (EoS).

この記事は Auto Components India の April 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Auto Components India の April 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

AUTO COMPONENTS INDIAのその他の記事すべて表示
NEW ZF TESTING LAB IN THE UK
Auto Components India

NEW ZF TESTING LAB IN THE UK

ZF has opened a new testing lab in the UK. UK’s first dedicated 800V Test and Validation Laboratory is located at its R&D hub in Solihull.

time-read
1 min  |
October 2024
CUMI RECEIVES TOT FROM DMRL
Auto Components India

CUMI RECEIVES TOT FROM DMRL

Carborundum Universal Limited (CUMI) receives Transfer of Technology (ToT) from Defence Metallurgical Research Laboratory (DMRL) to manufacture add-on composite armour for Wheeled Armoured Platform (WhAP) vehicles.

time-read
1 min  |
October 2024
NEOLITE ZKW OPENS NEW PLANT IN PUNE
Auto Components India

NEOLITE ZKW OPENS NEW PLANT IN PUNE

Neolite ZKW has opened a new eco-friendly manufacturing plant in Pune.

time-read
1 min  |
October 2024
BRIDGING THE SKILL GAP
Auto Components India

BRIDGING THE SKILL GAP

In an upfront interaction, Marcos Oliveira, President and CEO of lochpe-Maxion S.A. speaks about the upskilling initiative to bridge the skill gap and create a level playing field, with Upendra Kasbekar.

time-read
2 分  |
October 2024
TECHNICAL EMPOWERMENT AT MAXION WHEELS
Auto Components India

TECHNICAL EMPOWERMENT AT MAXION WHEELS

In an era where the need for skilled labour is more pressing than ever, initiatives focused on upskilling through industry-academia collaboration have become pivotal to national growth, writes

time-read
5 分  |
October 2024
CROSS BORDER SOLUTIONS
Auto Components India

CROSS BORDER SOLUTIONS

In the automotive aftermarket, the push for digitisation has become essential for companies of all sizes seeking a competitive edge in global e-commerce

time-read
3 分  |
October 2024
FRONT-ENGINE MULTIAXLE GARUD
Auto Components India

FRONT-ENGINE MULTIAXLE GARUD

Ashok Leyland has unveiled the Garud, a testament to advancements in bus chassis engineering featuring an innovative architecture and quality aggregates, writes Upendra Kasbekar.

time-read
4 分  |
October 2024
VEERO CHASSIS AND UNDERPINNINGS
Auto Components India

VEERO CHASSIS AND UNDERPINNINGS

Mahindra Veero spotlights chassis innovations and robust underpinnings. The advancement in the underpinning is significant, writes .

time-read
4 分  |
October 2024
POWERTRAINS AND THE EVOLVING AFTERMARKET
Auto Components India

POWERTRAINS AND THE EVOLVING AFTERMARKET

The 27th edition of Automechanika Frankfurt got underway, marking the return of the global automotive industry's largest B2B aftermarket trade fair. It underscored the powertrains and the evolving aftermarket,

time-read
5 分  |
October 2024
HIGH PRECISION PRODUCTION
Auto Components India

HIGH PRECISION PRODUCTION

MR Components leverages intelligent automation to produce high-precision gear components monthly, optimising output with unmanned operations. In an upfront conversation, Alessandro Reguzzo, Founder and MD of the company shares the fundamental philosophy with Team

time-read
5 分  |
October 2024