"Indian manufacturers are running 5 years behind" says Amitabh Kant
At the ongoing Green Bharat Summit hosted by Network 18 in association with Ola Electric, Amitabh Kant, India's G20 Sherpa, made a very strong statement saying "Indian manufacturers are running 5 years behind and the manufacturers are missing out on global play". He urged India's big players like Tata and Mahindra to boost their exports and take advantage of the policy shift in the Western world.
When nations like the US imposed a 100 percent tariff on China, Kant pointed out that India might have emerged as one of the main exporters of EVs. With a target of 300 GWh of battery manufacture over the next two and a half to four years, he also emphasized the necessity for India to increase output.
"China has more than 50 percent EVs, Europe has 23 percent, the US is 10 percent, and India is just 2 percent. Our manufacturers are five years behind the curve", said Kant. He expects players like Tata, Mahindra and Maruti to capitalise on the opportunity and become the biggest exporters of EVs in the world.
Kant said that in addition to exports, legacy players' viability was at stake, which would affect growth given that automobiles make up 7 percent of the nation's GDP. India must quadruple its electric mobility goal, with 60 percent of new sales being electric instead of the previous 30 percent, and by 2035, all new sales must be electric. "You have to manufacture in India, I appreciate start-ups who took the lead in EV and started making EV chargers in India," said the former NITI Aayog CEO.
The current G20 Sherpa also urged the government to take such action with public transport vehicles. He wants the government to procure 50,000 e-bus for public mobility in major cities and even all government and corporate fleet vehicles to be all-electric.
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