Niti Aayog CEO urges stakeholders to replicate Indian dominance in ICE 2Ws in EV

Niti Aayog CEO Amitabh Kant has urged the auto industry stakeholders to replicate the Indian dominance in the traditional Internal Combustion Engine (ICE) two-wheelers in the sector of electric vehicles.

Bajaj Chetak Electric.
Bajaj Chetak Electric.

Also Read : Honda plans to roll out 2 electric SUVs in the US by 2024. Here are the details

He tweeted that Volvo Car India has decided to launch one electric vehicle per year. Kia too has revealed images of its EV6 battery electric vehicle.

"Electric Vehicles on the move: Volvo Car India will launch one electric vehicle annually. It aspires to become a fully electric car company. Kia has revealed the 1st images of EV6 -its first dedicated battery electric vehicle (BEV) built on its new Electric Global Modular Platform," Kant tweeted.

Also check these Vehicles

Find more Cars
Tata Sierra Ev (HT Auto photo)
UPCOMING
₹25 - 30 Lakhs* *Expected Price
View Details
Mg 4 Ev (HT Auto photo)
UPCOMING
₹30 - 32 Lakhs* *Expected Price
View Details
Maruti Suzuki Wagon R Ev (HT Auto photo)
UPCOMING
₹10 - 14 Lakhs* *Expected Price
View Details
Tata Punch Ev (HT Auto photo)
UPCOMING
₹12 - 14 Lakhs* *Expected Price
View Details
Mg Comet Ev (HT Auto photo)
₹7.98 - 9.98 Lakhs***Ex-showroom price
Add to compare
Check latest offers
Tata Tiago Ev (HT Auto photo)
₹8.49 - 11.79 Lakhs***Ex-showroom price
Add to compare
Check latest offers

He also said that India has taken the lead in the manufacturing of electric vehicles. The dominance and leadership that India has in traditional Internal Combustion Engine (ICE) two-wheelers must be replicated in EVs. He further mentioned that stakeholders such as Bajaj Auto, Ola, Ather Energy, Okinawa, Kinetic, Revolt and TVS Motor Company are pursuing manufacturing for India and global markets.

Bajaj Auto has already launched the electric Chetak scooter in India. Ola is working on its first electric scooter that will be made in India. TVS too has launched its iQube electric scooter.

According to a study by Rocky Mountain Institute (RMI) and Niti Aayog, India’s transition to electric vehicles will require a cumulative capital investment of around 19.70 lakh crore in sectors like EV manufacturing, charging infrastructure and battery development over the next decade.

The report further points that there is a 3.70 lakh crore business opportunity for the financing of electric vehicles in India by 2030. Currently, around 80% of the vehicle finance industry worth around 4.5 lakh crore. Overall, the investment in India’s transition to electric mobility has a lot of potentials to create significant economic, social and environmental benefits, claims the study.

First Published Date: 12 Mar 2021, 09:31 AM IST
Recommended for you
View all
NEXT ARTICLE BEGINS
Shopping Bag Shop Now
55% OFF
SOFTSPUN Microfiber Cloth - 4 pcs - 40x40 cms - 340 GSM Grey- Thick Lint & Streak-Free Multipurpose Cloths - Automotive Microfibre Towels for Car Bike Cleaning Polishing Washing & Detailing…
Rs. 269 Rs. 604
21% OFF
Involve Your Senses One Musk Organic Car Perfume, Involve Your Senses Strong Fiber Air Freshener to Freshen'up Your Car - IONE01-40 g,Car Accessories interior car perfumes and fresheners
Rs. 315 Rs. 399
73% OFF
pTron Bullet Pro 36W PD Quick Charger, 3 Port Fast Car Charger Adapter - Compatible with All Smartphones & Tablets (Black)
Rs. 349 Rs. 1,299
13% OFF
Jopasu Car Duster
Rs. 754 Rs. 869

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city