Indian automobile industry is one the largest in the world as it accounts 7.1 percent of the country’s Gross Domestic Product (GDP). The largest segment is the two-wheeler with 81 percent market share of the total automotive market backed by growing middle class and young population. According to Society of Indian Automobile Manufacturers (SIAM), in 2016, the automotive industry produced more than 25 Million vehicles including passenger vehicles, commercial vehicles, two-wheelers and three-wheelers. The sales of passenger vehicle grew by 9.23 percent, commercial vehicle by 4.16 percent and two-wheelers by 6.89 percent in March-April 2017.
Now, India is moving towards electrification
Government of India has informed FAME Scheme (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India), to support green vehicles market development and manufacturing eco-system. Under this scheme, about 99000 hybrid/electric vehicles have been given direct support by way of demand incentives since the launch on 1st April 2015. Department has also approved pilot projects, charging infrastructure projects and technological development projects aggregating to nearly Rs. 155 Crores.
India's turn to electric vehicles will open expanded open doors for downstream ventures, for example, lithium-particle battery packs, electric motors and charging infrastructures.
Scope
The wide range session covers India’s Electric Vehicle Plan for 2030, BS-IV and BS-VI Emission Norms, Technological Advancements, Transformation from conventional to Electric vehicle, Infrastructure Developments, Li-ion battery manufacturing units and many more.