Addressing the media in Chennai, Arun Goel, Secretary, Union Ministry of Heavy Industries, said that the country has seen investments of around $34.5 billion in the last five years.

Though awareness about electric vehicles (EVs) is rising, range-anxiety is affecting widescale adoption of EVs. To address this, 48V electrical systems could be the instant and a simple solution, says Anurag Garg of Vitesco Technologies India.

COGOS plans to bring in at least 30% of its revenue from green technologies by 2023 and this agreement paves the path to reach its sustainable goals.