India needs to build chip capability for electric mobility, says CII president

  • CII president T V Narendran said that a collective ecosystem needs to be created to foster the growth of electric mobility in India.
File photo for representational purpose only. (Bloomberg)
File photo for representational purpose only.

Confederation of Indian Industry (CII) president T V Narendran recently said that India needs to create capabilities in semiconductors since it is going to become more critical as electric mobility gains momentum in the country. To this, he added that the country's auto ancillaries industry should also look to expand its export list and push to achieve at least five per cent of global components trade by 2026, a PTI report stated.

Also Read : Avoid selling diesel cars, look for alternatives: Nitin Gadkari urges carmakers

Speaking at the 61st annual session of the Automotive Component Manufacturers Association of India (ACMA), the body's president conveyed that semiconductors are going to play a crucial role in the electric future. “With the growing adoption of electric mobility, semiconductors are going to become more and more critical. It's important for us as an ecosystem, as a country, as an industry, collectively or individually, to invest in creating these capabilities in India," said Narendran, who is also the CEO and managing director of Tata Steel Ltd. However, he did mention that it will take some time to create this collective ecosystem. He also added that since it is capital-intensive development and significant business, it will need the government's support.

Also check these Vehicles

Find more Cars
Vayve Mobility Eva (HT Auto photo)
UPCOMING
BatteryCapacity Icon14 Kwh Range Icon250 km
₹ 7 Lakhs
Alert Me When Launched
Battre Electric Mobility Storie (HT Auto photo)
BatteryCapacity Icon3.1 kWh Range Icon132 km
₹ 94,999 - 1.10 Lakhs
Compare
View Offers
Compare
Compare
Compare
Compare

As the semiconductor shortage intensifies around the globe, Indian automaker majors such as Maruti Suzuki India, Tata Motors and Mahindra & Mahindra have also been badly hit due to the crisis. Many have also mentioned the semiconductor shortage might not get resolved until next year. Narendran also shared that the government is also aiming to make India more environment-friendly with its efforts to slowly phase out petrol- and diesel-based vehicles.

Also Read : Open to idea of reducing GST rates on vehicles, says Revenue Secretary

The president also mentioned that this period has changed the very nature of the industry. “The very nature of the industry has also transformed during this period, and technology-centric features, safety, comfort emissions and energy consumption have taken centre stage in recent times," he added.

Exhorting the country's automotive industry to enhance localisation efforts throughout the supply chain, Narendran said, “India must emphasise on the targeted export expansion of key components and expand the share in the global auto components trade to at least 4 to 5 percent by 2026."

(With inputs from PTI)

First Published Date: 29 Aug 2021, 15:00 PM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.