Wednesday, June 18, 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 Technology

Technology: automobile industry transforming towards sustainable solutions

Fiinews by Fiinews
January 28, 2022
in Technology
Reading Time: 3 mins read
A A
0
Tata Motors
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Sondhi says PLI can help further develop ecosystem for future mobility

The automobile industry is rapidly transforming towards sustainable solutions for new-age mobility, especially with energy options of alternative fuels and electrification, switching from petroleum which has been used for over a century, according to a Confederation of Indian Industry (CII) report.

While the technologies and fuel that will move people and goods in the future remain uncertain, transportation systems will be more integrated with renewable energy, smart electric grids, smart buildings, and information ecosystems, allowing for greater opportunities to leverage these interconnections.

“Whether it is newer technologies for electric vehicles or battery storage systems or for providing the service of aggregating public transport options, continued government, both Central and State, leadership on policy, progressive regulations, and appropriate incentives, like the production liked incentive (PLI) scheme can help in further developing the ecosystem for future mobility,” said Vipin Sondhi, Chairman, CII National Committee on Future Mobility and Battery Storage, and former managing director & CEO, Ashok Leyland and JCB India.

The CII’s Committee on Future Mobility and Battery has formed four sub-groups to look minutely at battery storage, connected and shared mobility, charging infrastructure and the related issues in power distribution. It has come out with a report combining the recommendations of these sub-groups, setting the agenda for government departments both in the Union and state governments.

The report, ‘A Roadmap for Future Mobility & Battery Storage’, is divided into four chapters; discusses the issues across future mobility and presents key recommendations for the government to consider for making the existing ecosystem even more conducive for enhancing sustainable investment and growth.

While the CII report welcomes the Union government’s announcements on PLI scheme for advanced chemistry cell battery storage and the notification on charging infrastructure, it calls for enhancing government support and fiscal incentives since the initial 50 GWh capacity under PLI may not be adequate for a large market size.

The report, released on 25 Jan 2022, also calls for doing away with ceiling on service fee for charging of electric vehicles. The Union ministry of power in its guidelines on setting up public charging infrastructure has stipulated that state discoms fix a ceiling on service fee which a Charge Point Operator can levy on the end user.

CII believes that at this stage of technology, costs and utilization levels are uncertain so any cap worked basis on a particular technology or utilisation level will disincentivise private investment.

Besides, it will not encourage an operator to invest in latest and future looking technology, thus affecting EV adoption.

The report has made a range of recommendations covering the four segments of future mobility.

Some of the suggestions include need for India to build a secure resource base of raw material supply to scale up battery manufacturing capacity and a detailed roadmap for reverse logistics and scrap management channels for battery reuse and recycling, to achieve circular economy.

CII specifically recommended that 25% Parking Space be earmarked and given on long term lease against revenue sharing by Municipal Corporations for EV Charging infrastructure.

CII also recommended waiver of GST on end-user for availing charging for EVs.

The report highlights the need to rationalise GST on battery fitted in EVs v/s battery detached and sold separately. Both should attract equal GST of 5%, it suggested. fiinews.com

Tags: CII
ShareTweetShare

Related Posts

Prodapt
Technology

Tech: Prodapt works with NVIDIA on AI for Telcos

by Fiinews
June 17, 2025
0
14

AI integration is Number 1 priority, says Papneja Prodapt, a Gartner-recognized Telecom-Native services and AI integration leader headquartered in Chennai,...

String Metaverse
Technology

Tech: String Metaverse gets Canadian license

by Fiinews
June 17, 2025
0
14

Fintech license is a game-changer, says Althuru String Metaverse Limited (BSE: META), a next-generation digital finance infrastructure Web3 company headquartered...

Eon

Tech: HCLTech’s private cloud for E.ON customers

June 17, 2025
14
Infobellit

Tech: Infobell-AMD expand AI collaboration

June 15, 2025
15
Acil

Tech: US insurance companies adding AI

June 14, 2025
15
Volvo

Tech: Volvo selects HCLTech’s engineering services

June 14, 2025
17
SBI YONO

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: KredX-SBI work on finance network
  • Market: ASISA expands Iberia business with HCLTech
  • Market: Schneider leverages on residential growth
  • Tender: Progress of ndustrial nodes assessed
  • Tender: Bharti plans $2bn Global Business District

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.