The USD 2 trillion automotive industry is in the middle of a disruption. Tesla is creating unparalleled consumer surplus through its cars that are renewed on the air.
As India explores new technologies for supporting its push towards a green future, fuel cells are likely to play an important role.
From smartphones to TV panels, circuit boards to electric cars, the government has put into place targeted policies to enable industry to present itself as a viable alternative to China in the field of electronics.
As the automobile industry goes in for the reset and reenergize phase the concept of electric mobility is the logical step forward, though care must be taken to harness the benefits of the IC sector as well.
Big brands continue to show faith in the India growth story. Elon Musk, CEO of Tesla Inc. is yet another a case in point. His purported arrival next year could be a game changer of sorts in the EV market segment.
The inauguration of Indian Navy’s largest solar power plant last week and an industry-wide appeal to scale up electric mobility show that India is well on the road to a 100% switch from fossil fuels to electric power by 2030.
Tata AutoComp inked an MoU with Tellus Power to set up AC and DC fast charging network for electric vehicles in India.
In an exclusive interview with ’India Global Business', Naveen Munjal, Managing Director of Hero Eco Group and Hero Electric Vehicles, discusses the electric vehicle (EV) market, the importance of adequate charging infrastructure and the impact of the pandemic on the sector.
India stands at the crossroads of development and cutting back emissions. If the country succeeds in its ambition to becoming a net carbon neutral economy, it would be a leader and on the frontier of tackling climate change.