The price parity of EVs with ICE will determine their market penetration which would depend on the high levels of localisation of EV-specific components. Autocar Professional India EV Conclave discussed the challenges and opportunities.
02 Dec 2023 | 5273 Views | By Mayank Dhingra
With a rapidly growing EV parc, and the zero-tailpipe-emission technology increasingly making inroads into the Indian vehicle ecosystem, the situation demands the establishment of a local EV supply chain to cater to the growing needs of the market, as well as further the penetration with improved cost structures.
While the country has a robust supply chain of conventionally-powered vehicles that continue to form a predominant 98 percent of India’s mobility market, and has also proven the reliability of its supply chain despite external atrocities faced during Covid, the availability of critical EV components continues to be limited.
Autocar Professional, in partnership with the Tamil Nadu Government, hosted the India EV Conclave in Chennai on November 21, where industry experts in a panel discussion debated about what it would entail to build a robust EV supply chain in the country.
Vivek Vikram Singh, MD & Group CEO, Sona Comstar
Ravi Chidambar, CEO, Tata AutoComp Systems
Dhanendra Nagwanshi, Global Electrification Leader, SABIC USA
Nileshkumar Kukalyekar, Regional Commercial Director, India Middle East, Envalior