Localization of Electric Vehicles is Possible in India, Says NITI Aayog Deputy Director GeneralGovernment wants companies to manufacture locally for both domestic and foreign markets: Harkiran Sanjeevi

通过Shreya Ganguly

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

尽管政府和私人参与者the electric vehicle space are looking to achieve similar targets, their approach is seemingly different. Government's FAME II scheme states that 50 per cent of localization of electric vehicles is required for claiming incentives. This rule has been debated extensively as many companies have found it difficult to meet this requirement at present.

Speaking toEntrepreneur Indiaduring World EV Show,organised by Trescon, Harkiran Sanjeevi, deputy director general at NITI Aayog said the government wants companies to manufacture locally in India for both the domestic and foreign markets.

Related Story:Is Lack of Charging Infrastructure Impeding Growth of Electric Vehicle Sales?

According to Sanjeevi, India has the resources to make localization possible. "The only thing lacking is the lithium ion for batteries. Government is entering into partnerships with other countries for sourcing the raw materials."

She said that the government is inviting manufacturers to make the parts in India rather than just assembling the vehicle in the country.

The transition to electric vehicles is visible as many companies have already announced the launch of EV models, she said, adding that she believes that a lot of progress had been made in the past year.

Though the government has been actively encourage EV adoption in India, the public uptake has been slow.

While speaking at the same event, Sohinder Gill, chief executive officer of Hero Electric India stated the industry perspective and said that if the government, users and the industry is looking to switch to e-mobility within a certain number of years, then steps need to be taken today and not in five or ten years.

Wavy Line
Shreya Ganguly

Former Features Writer

Covering startups and investments for Entrepreneur India. Previously a startup correspondent at Inc42. Reach out to me with interesting story ideas at sganguly@entrepreneurindia.com.

Related Topics

Business Ideas

The Top 10 Home Business Ideas for 2023

Can't figure out which enterprise you should launch in 2023? Check out 10 stellar home business ideas to get inspiration.

Thought Leaders

I Pitched 300 People a Day For 1 Year — and Learned This Impactful Entrepreneurial Lesson

After working myself to the bone pitching 300 people each day for one year, I came out of that experience as a new man — but surprisingly, an unhappier one. Here's what I learned.

Starting a Business

10 Common Obstacles to Avoid When Starting a Business

Starting a new business can be an exciting and rewarding venture, but it also comes with its fair share of challenges. Here are some common obstacles to avoid when starting a new business.

Money & Finance

How to Make Money Online: 10 Proven Ways to Make Money Online

Need to know how to make money online as a side gig or new career? Check out this breakdown of the 10 top online money-making methods.

Marketing

The Role of PR in Successful Product Launches — Strategies and Best Practices

通过executing a comprehensive PR campaign, brands can generate buzz, build credibility, and create a strong foundation for their product's success in a competitive market.