The electric vehicle space in the country has received a much-needed boost from the government’s Faster Adoption and Manufacturing of Electric Vehicles II (FAME II) scheme under which a Rs 10,000 crore subsidy will be doled out to various vehicle segments. It is important to understand that merely offering subsidies will not be enough to get an adequate EV ecosystem in place. Equally imperative is the focus on localisation of EV components such as battery, battery cells, motors, controllers, etc so that electric vehicles are made affordable for Indian consumers.
And to push this ‘localisation’ aspect further, the Automotive Component Manufacturers Association of India (ACMA) and the Society of Indian Automobile Manufacturers (SIAM) under the auspices of the Department of Heavy Industries and Public Enterprises organised a day-long xEV Localisation Conference-Cum-Exhibition in New Delhi.
Ram Venkataramani, President, ACMA and Managing Director, India Piston Rings said the conduct of the Conference-cum-Exhibition within a time frame of four weeks only indicates the readiness and capabilities of the component industry to support the emerging e-mobility industry in the country. While asserting that the FAME II scheme addressed the automotive industry’s long-felt need for a roadmap to make concrete plans to push the EV journey forward, Venkataramani lauded the government’s focus on localisation under the FAME II scheme with the Phased Manufacturing Programme (PMP).
The ACMA President further added that the industry is fronting several challenges in terms of emission norms, safety and fuel efficiency norms and the need of the hour is for OEMs and component suppliers to work together to address these challenges so that India remains a competitive automotive market.
He also acknowledged SIAM’s support in handholding the component industry and is now looking forward to its support for a supplier ecosystem for e-mobility as it has done for the traditional supply chain for the vehicle industry.
Venkataramani voiced concern over the fact that Indian component industry despite being export competitive (exports stood at $13.5 billion in 2017-18) continues to be a net importer (exports stood at $ 15.9 billion for 2017-18).
Dr AR Sihag, Secretary, Department of Heavy Industries and Public Enterprises used the occasion to stress the need for more collaboration among multiple stakeholders if EVs are to gain large-scale acceptance across the country. He also harped on India becoming a net exporter instead of being a net importer.
Deepak Jain, Vice President, ACMA and Chairman & Managing Director, Lumax Industries Ltd, said driving large volumes will hold the key for making EVs competitive as lack of it would only drive up cost of EVs.
Kaushik Madhavan, Vice President – Mobility, Frost & Sullivan, said shared mobility, connected vehicles and e-mobility are going to transform mobility. The vehicle ownership will soon give away to a shared model, he noted.
The inaugural function was also graced by Kenichi Ayukawa, Vice President, SIAM and Managing Director & CEO, Maruti Suzuki India Ltd; Vishnu Mathur, DG, SIAM; Pravin Agarwal, Joint Secretary, Department of Heavy Industries and Public Enterprises and Harish Agarwal, President, Indian Electrical & Electronics Manufacturers’ Association (IEEMA)
The conference also featured three sessions – OEMs’ Perspective and Suppliers’ Perspective as well as a session on Battery & Charging Industry Perspective.
The conference was attended by more than 350 delegates, while the exhibition attracted more than 40 e-mobility component suppliers and infrastructure suppliers.
Kaushik Madhavan, Vice President – Mobility, Frost & Sullivan
Harish Agarwal, President, Indian Electrical & Electronics Manufacturers' Association (IEEMA)