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An EV(er) green story

India's Vision 2030 for electric vehicles has gathered momentum and stakeholders are excited about a new journey

Ruchika Shah
Published: Feb 7, 2018 02:49:18 PM IST
Updated: Feb 7, 2018 03:19:54 PM IST

An EV(er) green story

The Indian automobile industry is on the cusp of a revolution. With the government keen on making a major shift to electric vehicles (EVs) by 2030, Forbes India takes a 360-degree look at what it means for the manufacturers of such cars, global players and the necessary infrastructure to make India EV-ready. Energy Efficiency Services Limited, an energy savings company, for instance, is collaborating between four public sector companies and procuring EVs that can be rented to the government. The likes of Tata and Mahindra have already evinced interest. Maruti Suzuki, too, is preparing itself for the transformation to clean and green technology, having commissioned  a survey to gauge customers’ perception of EVs. It also plans to launch an EV in 2020. Besides, there are homegrown carmakers keen on building a formidable portfolio of EVs. And even as they contribute to Vision 2030, it’s the startups that have a lot going for them. Chetan Maini created India’s first mass-produced electric car, Reva, and now with Sun Mobility, he is re-entering the electric mobility space to produce smart batteries for EVs. We also detail a Singapore-based company’s plans to set up an EV manufacturing unit to make 10,000 EVs annually in North India. That apart, conglomerates in India, led by oil companies and power suppliers, are forging partnerships to set up a robust charging infrastructure to ensure EV owners have a smooth ride.

(This story appears in the 16 February, 2018 issue of Forbes India. To visit our Archives, click here.)

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