Gujarat joins EV bandwagon
Autocar Professional|1st April 2022
With Suzuki Motor Company's recent investment, Gujarat joins other states in proactively trying to woo investments in the EV ecosystem. A report by Brian de Souza.
Brian de Souza
Gujarat joins EV bandwagon

Suzuki Motor Company's investment of Rs 10,440 crore in Gujarat announced at the Indo-Japan Economic forum last month is set to give a huge boost to the state's credentials as the destination of choice for the automobile sector. If things work as per plan, Gujarat could well make key strides in India's emerging EV segment.

The state came into the limelight as far as the auto sector goes when it rolled out the red carpet for Tata's No project. In the years that followed, it was able to attract the big names such as SMC's contract manufacturing subsidiary, Ford India and MG Motor India which established itself in Gujarat by virtue of its takeover of the GM facility at Halol.

However, in the intervening year, Tamil Nadu, Karnataka, Telangana and Andhra Pradesh made great strides in the EV domain both for their focus on manufacturer-based incentives as well as consumer ones, suggests a report by Colliers and Indospace entitled "Electric Mobility in Full Gear". But in the manufacturing arena, the stakes were not high for Gujarat.

Tamil Nadu and Maharashtra have consistently wooed the EV sector with incentives ranging from subsidies on electricity, capital investment and taxes. Tamil Nadu, for instance, provides a capital subsidy of 20 percent of the eligible investment over 20 years for EV battery manufacturing.

In its EV policy 2021, the Maharashtra says it aims to attract at least one Gigafactory for the manufacturing of Advance Chemistry Cells under the PLI scheme by 2023. In addition, EV startups are to be encouraged on a priority basis. While the state government has already signed an MoU with Causis e-mobility to set up an EV manufacturing unit, several OEMs have announced plans to foray into EV making including Bajaj Auto, and Kinetic. Auto parts companies like Pinnacle Industries have thrown their hat into the ring with a dedicated subsidiary for EVs.

Incentive packages

この記事は Autocar Professional の 1st April 2022 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 Autocar Professional の 1st April 2022 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。

AUTOCAR PROFESSIONALのその他の記事すべて表示
Spain's Fersa Group invests in India-based Delux Bearings
Autocar Professional

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.

time-read
2 分  |
15th January 2023
Tata Autocomp to open compact dual-clutch transmission plant
Autocar Professional

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.

time-read
3 分  |
15th January 2023
Pankaj Munjal-backed Hero Motors raises equity from GEF Cap
Autocar Professional

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

time-read
2 分  |
15th January 2023
New age thermoplastics for next-generation EV batteries
Autocar Professional

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.

time-read
4 分  |
15th January 2023
Switch Mobility to meet growing e-bus demand with fresh capex
Autocar Professional

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.

time-read
4 分  |
15th January 2023
Kia India to invest Rs 2,000 crore in EVS, to introduce new e-RV in 2025
Autocar Professional

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.

time-read
2 分  |
15th January 2023
"The government has given enough time for indigenisation but the industry has not taken it seriously"
Autocar Professional

"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.

time-read
3 分  |
15th January 2023
TATA MOTORS SEES ONE INTWO CARS SOLDAS EVS BY 2030
Autocar Professional

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.

time-read
2 分  |
15th January 2023
MG Motor India in expansion drive, to invest $100 million
Autocar Professional

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.

time-read
2 分  |
15th January 2023
"Technology and its multiplier effect are driving business transformations and customer experiences"
Autocar Professional

"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.

time-read
9 分  |
15th January 2023