Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry announced a growth of 65 per cent over the first half of the previous year.

Dr Mahendra Nath Pandey, Union Heavy Industries Minister, mentioned that India’s transition to Electric Mobility System can save Rs 20 trillion by 2030 on avoided oil imports alone.

The Ministry of Heavy Industries (MHI) is organizing a Round Table to Promote Electric Vehicles on December 4, 2021 at Goa.

According to an analysis done by Kotak Institutional Equities, the PLI scheme for autos provides incentives in the range of 13-18% of sales value to OEMs for manufacturing EVs in India.

It is estimated that over a period of five years, the PLI Scheme for automobile and auto components industry will lead to fresh investment of over Rs 42,500 crore, incremental production of over Rs 2.3 lakh crore

Maharashtra Government has rolled out a revised EV (electric vehicle) policy for a cleaner environment and aims at 10% of newly registered vehicles in its major cities to be electric ones by 2025.

The first EV conference by Emkay Global expects EV penetration and transition in 2Ws and 3Ws for the next 2-3 years. Emkay is positive about the auto sector and expects a strong cyclical upturn.

The implementation of the PLI Scheme 'National Programme on Advanced Chemistry Cell Battery Storage’ will bring down the cost of electric vehicles and boost green growth.