At the vanguard of India's industrial growth, the Ministry of Heavy Industries (MHI) champions the advancement of three pivotal sectors: Capital Goods, Automobiles, and Heavy Electrical Equipment. Through visionary initiatives like the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) scheme, MHI pledges to usher in a new era of clean and green public transportation.
With an overarching goal to diminish reliance on fossil fuels and combat vehicular emissions, FAME-II underscores the government's commitment to sustainable mobility. Additionally, the Production Linked Incentive (PLI) Auto and Auto Components scheme, spearheaded by MHI, epitomises India's ambition to elevate its manufacturing prowess and bolster exports in the automotive sector. By fostering deep localisation, economies of scale, and a resilient supply chain in Advanced Automotive Technology (AAT) products, MHI propels India towards self-sufficiency and global competitiveness.
Aligned with Prime Minister Shri Narendra Modi's vision of anAtmanirbhar (self-reliant) and Viksit (developed) Bharat, MHI steers India towards a future characterised by innovation and resilience. Embracing the imperative to achieve net-zero emissions by 2070, as articulated by Prime Minister Modi, MHI places electric vehicles (EVs) at the forefront of India's sustainability agenda.
Cells – the heart of electric vehicles
Advanced chemistry cells emerge as the fulcrum in the progression of electric vehicles (EVs), orchestrating a symphony of performance, efficiency, and range. Lithium-ion and solid-state batteries stand as epitomes of innovation, offering superior energy densities, expedited charging times, and fortified safety protocols vis-à-vis their conventional counterparts.
The development of these advanced cells is indispensable for surmounting EV constraints such as range anxiety and protracted charging intervals, thus fostering widespread consumer embrace and adoption. Moreover, breakthroughs in chemistry engender the creation of feathery and more streamlined battery packs, culminating in reduced vehicle mass and heightened operational efficiency. Indeed, advanced chemistry cells emerge as the cornerstone of a sustainable electric transportation ecosystem.
In her address during the interim budget presentation, Finance Minister Nirmala Sitharaman unveiled a comprehensive strategy aimed at invigorating the electric vehicle (EV) sector. This aligns closely with Prime Minister Narendra Modi'soverarching vision for sustainable development. Emphasising the government's commitment to fortifying the EV ecosystem, she outlined initiatives focused on bolstering both manufacturing capabilities and charging infrastructure.
These commitments, echoing India's pledge to address global climate change as articulated during the COP26 summit, underscore the government's dedication to both national progress and international environmental stewardship. Furthermore, with India's ambitious goal to achieve net zero emissions by 2070, alongside aspirations to emerge as a global champion in the automobile sector, these initiatives serve as integral steps toward realising multifaceted objectives encompassing environmental sustainability and economic prowess.