Anil Kumar, president and MD, SEG Automotive India

Incentives for localisation to help electric vehicle ecosystem.

Autocar Pro News Desk By Autocar Pro News Desk calendar 25 Jan 2022 Views icon12832 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

The president and MD of Tier 1 supplier SEG Automotive India on his wish list from the Budget 2022.

“After a lull in the last 3 years due to an economic slowdown and 2 consecutive years of the pandemic, the Indian automotive market is looking for a quick revival and its expectations from Budget 2022-23 have risen further up to support growth across the industry. Amid rising fuel prices the Indian market also witnessed movement towards electrified vehicles, especially in two- and three-wheeler space. Presently we still see a high level of imported parts/systems in the market.” 

“We at SEG Automotive India are fully committed towards e-mobility by bringing in localised system solutions to the Indian market. We look forward for government to provide further impetus by bringing EV favourable schemes to reduce imports and to promote and strengthen local manufacturing. Also, the recently announced PLI scheme to be more friendly to mid-sized component manufacturers to be in a position to avail the benefits of the scheme.”

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