Lithium deposits found in Jammu and Kashmir
India will become a major battery manufacturing hub in the coming years, especially supported by the Production Linked Incentive (PLI) scheme, Minister of Heavy Industries Dr. Mahendra Nath Pandey.
“We have also found lithium deposits in Jammu and Kashmir, and the government is making efforts to make India competitive in every field without delay,” he said on 18 Oct 2023 while flagging off the “Green Plate EV Rally”.
The Minister said, “EVs have grown from 0.13% in 2019-20 to 4.3% now, and SIAM has made significant contributions in leading this change. I extend my congratulations to the team. We must work together to achieve our sustainability objectives and promote the green mobility movement.”
He also underscored the government’s constant support for EVs growth in the country.
“We can proudly say that 9.4 lakh EVs are now on Indian roads. The outcomes of the PLI scheme in battery development and supporting domestic manufacturing are reducing our dependence on others, and making us self-reliant.”
In a resounding and unanimous endorsement of sustainable mobility, the Society of Indian Automobile Manufacturers (SIAM), the apex body representing India’s prominent automobile manufacturers, hosted the ‘Green Plate EV Rally’.
It was organised in partnership with the Ministry of Heavy Industries, promoting eco-friendly transportation.
Kamran Rizvi, Secretary, Ministry of Heavy Industries, noted that the Indian automobile industry has supported and facilitated this positive change. “EV manufacturing is a technical endeavor, and the ministry has supported the industry with FAME and PLI schemes.”
He expects 12 lakh scooters to be sold this year, which means the public is actively adopting EVs. “But we have a long road ahead.”
By 2030, India is expected to have 60-70% of electric two-wheelers and 70-75% of electric three wheelers.
“For cars, we aim to sell one lakh cars and double that number.
“SIAM leadership has worked closely with the government, and as a result, we have been able to initiate many successful endeavors for sustainable mobility,” he said.
India’s transition to e-mobility is well underway, and as the economy continues to grow, electric vehicle adoption will also increase, added Vinod Aggarwal, President of SIAM and Managing Director & CEO of Volvo Eicher Commercial Vehicles Ltd.
“Strong support is needed in terms of policy and infrastructure. Under our (Electrification) initiative, SIAM remains dedicated to address industry’s issues in close collaboration with all stakeholders across the value chain,” said Aggarwal. Fiinews.com
