Future Mobility in India...

Having a significant global presence, India's automotive industry with the fifth largest transport demand has huge potential to contribute towards the changing global mobility landscape. Form going electric to inculcating practices of ride-sharing to transcending to autonomous driving, the industry is revolutionizing the meaning of mobility. In the process, it is aiming to achieving efficient land use, create new jobs, achieve self-sufficiency in generating energy for vehicles and substantially improve public health.

Globally, countries like China are away ahead in its transition from Internal Combustion Engines (ICE) to battery operated electric vehicles. India is not far behind. NITI Aayog National Institution for Transforming India envisages penetration of Electric Vehicles sales to 30% for passengers cars, 70% for commercial cars, 40% for buses and 80% for two-wheeler by 2030. However, India's automotive transition is happening in three-stages from ICE to hybrid vehicles to battery electric vehicles (BEVs).

Continuous efforts by the Government from the onset of the National Electric Mobility Mission Plan 2020 in 2013 to the creation of demand side incentives under Faster Adoption and Manufacturing of (Hybrid &) Electric vehicles as against 28% on petrol and diesel cars, has raised awareness towards the need for zero-emission vehicles.

The challenge with the industry lies in the fact that it needs to be capacity ready along with being technologically equipped. Efforts are being made for the same. Automakers are piloting new e-vehicles and investing in up gradation of technologies to meet the BS VI requirements. Several original equipment manufacturers (OEMs) are partnering on domestic manufacturing of lithium-ion batteries in an effort to clean up its smog-choked cities and moderate India's dependence on foreign oil, thereby realizing higher industrial growth. Vehicles aggregators are exploring opportunities to deploy electric cabs in major cities to reveal the advantages associated with shared and connected mobility.

The Future mobility rests beyond e-vehicles. India must explore the opportunities that lie with alternate energy resources of solar, hydro,wind for power generation; and bio-fuel and bio-diesel as alternative fuels to make mobility transition truly green.

EVs have the potential to disrupt the mobility ecosystem, and if implemented well, could redefine the contours of urbanization. It holds the possibility to have major impact on the value chain resulting in market shifts and revenue pools. Thus collaboration and innovation are the key drivers for smooth transition.

Also refer to : https://mymamaa.blogspot.com/2019/09/automotive-industry.html