Page 6 - LINKPIN 2022-23

#1

What’s

New in the

Automobiles

Sector ?

Vishnu Suryawanshi

India’s adoption of electric mobility is not
‘promising’ and is far behind western markets
due to the country’s heavy reliance on imports
and limited local production of cells. High
import dependence makes India’s electric
vehicle industry vulnerable to global supply
chain disruptions and is making electric models
expensive as batteries make upto 40% of the
total cost.

Cleaning up transport will help the world’s
third-biggest emitter of greenhouse gases meet
its target of becoming net carbon zero by 2070.
Reliance Industries Ltd., Ola Electric Mobility
and Rajesh Exports are planning to manufacture
batteries in India and will get incentives under
India’s ₹181 billion ($2.2 billion) advanced-
chemistry cell program. Another reason for
India’s heavy reliance on cell imports is its
limited access to raw materials such as lithium,
nickel, cobalt, and manganese, which accounts

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