Round table to promote Electric Vehicles.
The Ministry of Heavy Industries (MHI) is organizing a Round Table to Promote Electric Vehicles on December 4, 2021, in Goa. Ministers of Transport and Chief
Secretaries/Senior Officers from States, Industry Leaders from Automotive Sector, Start-Ups and Technical Experts have been invited to participate in the Round Table. Dr Mahendra Nath Pandey, Hon’ble Minister of Heavy Industries is the Chief Guest and Shri Krishan Pal, Gurjar, Hon’ble Minister of State of Heavy Industries is the Guest of Honour. Shri Amitabh Kant, CEO, NITI Aayog is the KeyNote Speaker.
Background
The automobile sector is a key driver of India’s economic growth and the largest contributor to the manufacturing sector. The automobile industry contributes to nearly 6.4 per cent of India’s GDP and 35 per cent of manufacturing GDP and is a leading employment provider.
India ranks number 1 in the world in two-wheelers, 3 wheelers and tractors manufacturing and number 5 in passenger and commercial vehicles manufacturing. The size of Indian OEMs is the US $ 80.8 billion with exports of US $ 11.7 billion. The size of the auto component industry is the US $ 57 billion with exports of US $ 15 billion and imports of US $ 17.7 billion. In value terms, the Indian automotive industry is ranked number 11 in the world. This is because the Indian automotive industry has succeeded in mass volume, lower value, lower technology products, not in advanced automotive technology products. In the global automotive trade of US, $ 1.5 trillion India’s share is less than 2 per cent with total exports of US $ 27 billion. India’s share of advanced automotive components is only 3 per cent compared to 18 per cent globally which is estimated to further grow to 30 per cent by 2030.
In the post-pandemic world, with a renewed thrust on climate change, there is a disruptive change happening in the global automotive scenario with a big boost to future technology Electric vehicles having zero-emission
. Innovations and technological breakthroughs in EV components are catalyzing this disruption. The Government of India has reaffirmed its commitment to reduce carbon emissions in the recently concluded COP26 summit. The Government of India is giving impetus to accelerate the EV transition in view of the climate change concerns and to reduce dependence on imported oil and has pressed several policy levers to achieve the same.
