India Soon to be Key Battery Manufacturing Hub: Dr. Mahendra Nath Pandey

- Advertisement -

Dr. Mahendra Nath Pandey, Union Minister of Heavy Industries, flagged off the ‘Green Plate EV Rally’ at Pragati Maidan.

The event displayed a remarkable array of more than 100 electric vehicles, spanning 2-wheelers, 3- wheelers, cars, and buses. Its primary objective was to bolster awareness and instil confidence among customers regarding electric vehicles. Additionally, it aimed to showcase the Indian automotive industry’s prowess in developing and introducing a range of electric vehicles tailored to meet the demands of Indian consumers in recent years.

Speaking on the occasion, Dr. Mahendra Nath Pandey said, ‘Government has provided constant support for the growth of EVs in the country. We can proudly say that 9.4 lakh EVs are now on Indian roads. The outcomes of the PLI scheme in battery development and supporting domestic manufacturing are reducing our dependence on others, and making us self-reliant’.

He further added that India will become a major battery manufacturing hub in the coming years. We have also found lithium deposits in Jammu and Kashmir, and the government is making efforts to make India competitive in every field without delay.

EVs have grown from 0.13% in 2019-20 to 4.3% now, and SIAM has made significant contributions in leading this change. I extend my congratulations to the team. We must work together to achieve our sustainability objectives and promote the green mobility movement, the Minister said.

Appreciating the initiative, Dr. Hanif Qureshi, Joint Secretary, Ministry of Heavy Industries said, ‘The rally is a great initiative to spread awareness on EVs which is key to meet electrification goals. Government has supported electric vehicles adoption and the industry has to play its part and make efforts along with the government. At present, Europe, the US, and China have more EV sales, and India has to come on par with them.’

In his address, Kamran Rizvi, IAS said, ‘There is a saying that change is the only constant. Positive changes have made our lives more convenient and electric vehicles are one of them which are now widely accepted. The Indian automobile industry has supported and facilitated this positive change. EV manufacturing is a technical endeavor, and the ministry has supported the industry with FAME and PLI schemes.’

He further stated that 12 lakh scooters are expected  to be sold this year, which means the public is actively adopting EVs, and we have a long road ahead.  By 2030, we anticipate having 60-70% of electric two-wheelers and, in a few years, 70-75% of electric three wheelers. For cars, we aim to sell one lakh cars and double that number. SIAM leadership has worked closely with the government, and as a result, we have been able to initiate many successful endeavors for sustainable mobility, he added.

Vinod Aggarwal, President of SIAM and Managing Director & CEO of Volvo Eicher Commercial Vehicles Ltd in his address said that over the last couple of years, the Indian automobile industry has made significant progress towards sustainability to meet the decarbonization targets set by the Indian government. The country has made rapid strides, supported by proactive actions.

He mentioned that India’s transition to e-mobility is well underway, and as the economy continues to grow, electric vehicle adoption will also increase. Strong support is needed in terms of policy and infrastructure. Under our (Electrification) initiative, SIAM remains dedicated to address industry’s issues in close collaboration with all stakeholders across the value chain.

Latest news

Somnath Adak Appointed Group Chief Financial Officer at TO THE NEW and CloudKeeper

TO THE NEW and CloudKeeper have appointed Somnath Adak as Group Chief Financial Officer (CFO), strengthening the financial leadership...

Altera Appoints Nishit Sahay as Chief Information Officer

Altera has appointed Nishit Sahay as its Chief Information Officer (CIO), strengthening the company’s senior technology leadership. In his...

Chetan Garg Appointed Chief Financial Officer at RateGain

RateGain has appointed Chetan Garg as its Chief Financial Officer (CFO), strengthening the company’s senior leadership team. In his...

IAS Puneet Kansal Gets Additional Charge as Chairman of Airports Authority of India

Puneet Kansal (IAS: 1996: SK), Additional Secretary in the Ministry of Civil Aviation, has been entrusted with the additional...
spot_img

You might also likeRELATED
Recommended to you

spot_img