[ad_1]
Synopsis
Companies like Anand Group, Sona Comstar, UNO Minda, Brakes India and Lumax are pushing the localisation envelope. Armed with government schemes such as PLI, PMP and FAME II, they are focusing on making battery packs, electric motors and controllers, electricals and electronics, etc. India can make a global play with its software and application-engineering capabilities, and a lower cost base.
When Mercedes Benz’s India arm recently said it would locally assemble most of its electric cars in the next five years, there was one unanswered question floating around. Does India have a supplier ecosystem that allows automakers to fully localise their electric vehicles (EVs)? Well, the EV supply chain may not be completely ready just yet, but India’s auto component makers are gradually getting there – armed with government schemes and
BY
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Login to read the full story.
Unlock your 30 days free access
to ETPrime now.
Login to Unlock
*No card details required
Why ?
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Clean experience with
Minimal Ads
Comment & Engage with ET Prime community 
Exclusive invites to Virtual Events with Industry Leaders 
A trusted team of Journalists & Analysts who can best filter signal from noise
[ad_2]
Source link
