Tamil Nadu's policies has been consistent irrespective of regimes

The Government of Tamil Nadu seeks to provide manufacturing firms operating in the EV sector with a flexible incentive package through the EV Special Manufacturing Package instead of a one-size-fits-all model.

By Shahkar Abidi calendar 21 Nov 2023 Views icon7186 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Tamil Nadu's policies has been consistent irrespective of regimes

V. Vishnu, MD and CEO of the Guidance Bureau under the Tamil Nadu government, asserts that the state's policies on industrial growth, including electric mobility, have remained remarkably consistent over the years, regardless of the ruling regime. This has helped in bringing consistent growth and attracting some of the large automobile and supply chain companies to the state.  

"Tamil Nadu's growth story is because of the policy stability that has been consistent across the regimes," he said during a panel discussion titled 'Policy Enablers and Regulatory Impact' as part of the Indian EV Convention, organised by Autocar Professional and the Government of Tamil Nadu. 

Growth of EV manufacturing sector 

Vishnu highlighted that the growth of the EV manufacturing sector in Tamil Nadu is built on the foundation of automotive supply chain linkages in the state. Tamil Nadu’s automotive clusters included some of the largest auto majors, which included the likes of Hyundai, Nissan, TVS, Mahindra, and Daimler, among others.

Tamil Nadu government officials emphasised that the strong manufacturing ecosystem in the state has encouraged new entrants like Ather Electric, Ola Electric, Ampere, and others to establish their EV manufacturing units in the state.

The government officials added that Tamil Nadu has been seeking to facilitate and support the manufacturing of EVs and components, particularly EV cell technologies, batteries, EVSE, and charging infrastructure, in the state with an “EV Special Manufacturing Package”. The Government of Tamil Nadu seeks to provide manufacturing firms operating in the EV sector with a flexible incentive package through the EV Special Manufacturing Package instead of a one-size-fits-all model.

The multiple options provided under the package shall be beneficial for firms operating across the EV manufacturing value chain, viz., OEMs, component manufacturing, battery manufacturing, and charging infrastructure manufacturing, by allowing them the choice based on their business models and cashflows.

Also read
'We must not look at electrification merely as an ICE-to-EV transition': Arun Roy

'India must stop China comparison, focus on its own capabilities': Vivek Vikram Singh, Sona Comstar

TN expects EV investment in the state to double to Rs 80,000 crore in two years

SABIC committed to long term EV development, making significant investments in India

In manufacturing, important to look at scale in a modular fashion, says Tata AutoComp's Ravi Chidambar

TN will strive to inculcate ‘Climate Common Sense’, says Industries Minister Dr TRB Rajaa

RELATED ARTICLES
CEAT’s Q1FY25 net profit grows 7% YoY despite weak operating performance

auther Autocar Pro News Desk calendar18 Jul 2024

Despite a decline in operating profit, CEAT reported a growth in net profit on account of a one-time gain arising from a...

Tata Technologies partners with Arm for innovation in SDVs 

auther Autocar Pro News Desk calendar18 Jul 2024

As part of this strategic partnership, Tata Technologies will develop a SOAFEE reference architecture stack using the Ar...

LNG as a fuel for heavy commercial vehicles looks brightest, says IOC Director Sujoy Choudhary

auther Autocar Pro News Desk calendar18 Jul 2024

“The major area where we are seeing significant traction is LNG. This is a sunrise area that we are seeing. LNG by road ...