Sunday, October 12, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Exports

India seeks electric vehicle technology

Fiinews by Fiinews
December 20, 2017
in Exports, Imports, Manufacturing, Technology
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

Clarity on FAME sought

ASSOCHAM INDIA LOGO

India needs to import better technologies like electric vehicles in the automobile and auto component sector to ensure better quality of life for its citizens, said a senior government official.

Automobile and auto component sector contributes about 7.2 per cent to India’s overall gross domestic product (GDP), creates over 30 million jobs and almost 25 per cent of its total manufacturing is exported abroad.

This importance of the sector was highlighted by Amitabh Kant, CEO of the National Institution for Transforming India (NITI Aayog) in New Delhi on 19 Dec 2017.

“So, whatever we do we must understand that the role of automobile and auto component sector must continue to grow and expand, to be a job creator, to be a GDP contributor and to play a major role in exports,” said Kant.

He said that in the electric vehicular segment, objective is to accelerate the pace while ensuring that India maintains its size and scale, its GDP share, employment share and that is possible only if we are able to produce to size and scale.

“We will continue to support this movement in a very big way, we will continue to support all OEM (Original Equipment Manufacturers) and Indian manufacturers, we would like major disruptions to take place in India, we would like interoperable charging systems and we would like to support Electric Vehicles (EVs) by a vast range of initiatives like lower road taxes.

“The government will act as a catalyst to support this entire movement so that automobile and auto component sector continues to play a very major and significant role in India’s GDP, job creation as well as exports,” elaborated Kant.

“As a policy framework this cuts across several departments – Ministry of Road Transport, Power, Heavy Industries but we in NITI Aayog will continue to coordinate and drive this movement,” he said further.

“The change is in-evitable but we should do it in a manner where we do not disturb combustion vehicle manufacturing, we should do to size and scale which will enable India to become centre for manufacturing, battery manufacturing for usage as well as for exports,” he pointed out.

“It is possible to do this in India is because our per-capita usage of car is still very low,” he added.

Meanwhile, Delhi Transport Minister, Kailash Gahlot has sought clarity on Union Government’s FAME Scheme (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles), a program of incentives offered to EV buyers to help improve adoption and sales.

“Even under the FAME scheme, there are lot of gaps and there is lot of ambiguity, like for instance there is no clarity amid manufacturers when asked whether or not they would qualify in the kilometre scheme,” said the Delhi Transport Minister.

“More clarity in this regard will help us move swiftly,” he added.

The International Conference on ‘Electric vehicles: Future roadmap for India’ was held by ASSOCHAM. fii-news.com

Tags: ASSOCHAMNiti Aayog
ShareTweetShare

Related Posts

PIB
Technology

Tech: Alliances commit to shape future of 6G

by Fiinews
October 12, 2025
0
13

Bharat6G Symposium endorsed guiding principles At the International Bharat6G Symposium 2025, held alongside India Mobile Congress 2025, leading global research...

Technology

Tech: PM meets Qualcomm-Anthropic CEOs

by Fiinews
October 12, 2025
0
11

Anthropic expands in India, Qualcomm commit to IndiaAI The Prime Minister, Narendra Modi, held separate meetings on 11 Oct with...

PIB

Tech: India-UK launch innovation centre

October 12, 2025
12
Copenhagen fintech

Tech: India-Denmark collaborates on innovation

October 12, 2025
15
Phicommerce

Tech: Phi-ter gets global launch from Mumbai

October 11, 2025
12
Minister scindia 3

Tech: PLI Scheme boosted telecom sector

October 11, 2025
15
SBI YONO
Sabit

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Market: BPCL-RMBL to boost CGD-CNG in India
  • Tech: Alliances commit to shape future of 6G
  • Project: India works on nature-positive development
  • Tech: PM meets Qualcomm-Anthropic CEOs
  • Project: MedTech gets Rs.5,000cr PRIP support

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.