India Pushes Auto Industry to Make Electric Vehicles

India’s is pushing auto part and car makers to draw up plans to electrify all new vehicles by 2030. India’s minister for road transport, Nitin Gadkari, asked companies to start building electric and alternative fuel vehicles or risk being overtaken by policy changes.

Maker of engines, Cummins India, is investing in research on electric mobility solutions, while Hyundai Motor Co began talks with some of its suppliers for components for electric cars. Ashok Leyland launched an electric bus last year, and the company has since partnered with Indian start-up SUN Mobility to develop battery-swapping technology for cars, buses and trucks, reports Daily News.

electric car

According to industry data, electric car sales in India, one of the world’s fastest-growing car markets, are negligible compared with annual sales of over 3 million petrol and diesel cars in the last fiscal. Mahindra & Mahindra is the only electric car maker in India but it will soon be joined by Tata Motors which is exploring the possibility of building electric vehicles, managing director Guenter Butschek said. Hyundai said it plans to customize existing electric cars for the Indian market, but if that was not feasible it will develop new electric cars said Rakesh Srivastava, director, sales and marketing.

 

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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