According to you, what are the requisites for creating a localised quality EV value chain that can outperform ICEs?
Although India already has a well-established mechanical supply chain for parts and components, the EV industry is now investing in a new supply chain network for batteries, drivetrains, and power electronics. The next focus should be on innovative battery assembly, increasing automation and standardisation. This will enable the production of vehicles on a large scale with consistent quality output across all deployments.
Companies should seek vendors willing to join them on their innovation journey. At Euler Motors, we have a vast network of over 300 suppliers who are growing with us in the EV segment.
Considering the constantly changing trends in the global supply chain, companies must also be prepared to optimise and plan for potential contingencies. Building alternative strategies to tackle shortage problems, such as having an alternative vendor base and internal capabilities, can help prevent disruptions to production.
At Euler Motors, we have been working closely with suppliers from the R&D stage to localise our components and design EVs specifically for the Indian market. We do not retrofit; instead, we have built our products from the ground up, using a localised component, supply chain, and partnerships. As a result, we have already achieved 95 per cent localisation of our EVs.
Tell us in detail about your manufacturing facility for EVs. Are all the parts and components assembled in this facility or imported?
This story is from the May 2023 edition of The Machinist.
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This story is from the May 2023 edition of The Machinist.
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