India’s Electric Vehicle industry is at nascent stage when compared with the other international markets such as USA, China and Europe. With the objective of supporting hybrid/EV market development and the manufacturing ecosystem, the Government of India has notified Faster Adoption and Manufacturing of (Hybrid) & Electric Vehicles in India (FAME India) Scheme for implementation.
In this context, some of the key themes that are taken up in this report include - What this means for auto Original Equipment Manufacturers (OEMs), component manufacturers, software developers, system integrators, dealers and retailers is the disruption of their business models going forward. How will autonomous cars win enough trust of customers for them to give complete control of the vehicle to a computer backed by their personal data? These are some of the fundamental questions around which the success of such technology and its adoption will depend.
This report also highlights the following aspects:-
Global Automotive Industry
India amidst transition
Challenges & Considerations for the automotive industry
It was prepared jointly by CII and Grand Thronton against the backdrop of the CII Next-Gen eMobility Summit held on 25 May 2018 at New Delhi.