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The Electric Vehicles have taken the world by a storm in the recent years, spearheaded by Tesla which now has a worldwide revenue of $11.8 Billion
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The upcoming Electric Vehicle Market in India
The Electric Vehicles have taken the world by a storm in the recent years, spearheaded by Tesla which now has a worldwide revenue of $11.8 Billion
India is expected to command leadership in EV space with a projected share of 30% of new vehicles sold by 2030. Govt has tabled a proposal to have a charging station every 3KM in major cities & every 50KM on major national highway.
The EV sector will greatly affect the automobile component manufacturing sector, there are over 8,000 MSMEs and another 50,000 in retails and distribution of aftermarket components which generates over 30 Lacs jobs.
[hubspot type=form portal=7279403 id=2cec9865-814e-46a8-97c3-9d86924cfa19]EV Policy updates from various states
Maharashtra state has revealed various plans to ensure smooth deployment of EVs:
| Plans to bring Rs. 25,000 Cr. investment for EV manufacturing | New and Expanding MSME’s will be eligible Industrial Promotion Subsidy (IPS) | Interest Subsidy will be provided to qualifying MSMEs | Qualifying MSMEs are exempted from Electricity duty for up to 15 years | For manufacturing units in Vidarbha a power tariff subsidy of Rs. 1/Unit for upto 3 years is provided | MSEDCL plans 10 electric vehicle fast charging stations in Nagpur |
Uttarakhand government has announced an EV policy with various concessions for MSMEs:
| Investment promotion subsidy of over 25% upto Rs. 15 Lakhs for Micro Units | Small enterprises to get investment promotion subsidy of over 20% for a maximum amount of Rs. 40 Lakh | A subsidy of 50 lakh rupees will be given to the Medium manufacturing enterprises on investments | 100% exemption on tax on the electricity tariff for the initial five years will be provided by the government for the MSMEs |
Karnataka Government has also announced incentives and concessions for MSMEs:
| Term loans ranged from Rs. 10 Cr to Rs. 50 Cr would be provided MSMEs | These enterprises would also be entitled to 100% electricity duty exemption | A waiver of Rs. 1000 each for the training of workers for EV manufacturing | The state govt. would reimburse the MSMEs 30% to 50% of the GST |
Course Coverage
The potential adoption of EVs in the Indian market will lead to multiple business opportunities across the EV value chain. This workshop aims to unfold the untapped EV market in India to help potential investors and service/manufacturing organizations to understand the technology as well as the business model.
Market Scenario
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Specific EV Opportunities Explored
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Why should you take this course?
- Understand the global and Indian market scenario related to Electric Vehicles
- Understand the business opportunities in the field of EVs and EV support equipment
- Identify new product development, technology partnership, markets for your business
- Evaluate EV market for diversification
- Become conversant at EV and EV supporting technologies
Who should attend?
Companies, SMEs and individuals in the following sectors can benefit:Manufacturers of electrical equipment, Batteries, Chargers, Cables, Transformers, Switchgear, Relays, electrodes, electrolytes, copper, Insulation, Plugs and sockets.
Oil, gas and plastics companies, lubricant manufacturers, individual components and spare parts manufacturers of the automotive industry
Electronic Companies specializing in DC charging, LVDC, Renewable energy, Energy storage.
Automobile Components Manufacturers, engine component, transmission components, automobile cooling equipment, upholstery manufacturers
Solar panel manufacturers, solar energy contractors and consultants, Suppliers of supporting equipment for solar panels like invertors, meters, cables, energy storage etc.
Solar panel manufacturers, solar energy contractors and consultants, Suppliers of supporting equipment for solar panels like invertors, meters, cables, energy storage etc.
Owners of Private parking, Real estate, SEZ, Business Parks, Petrol pump, Large Cab services.
Researchers and students of engineering field interested in the EV sector.
Power distribution officials working in electrical generation, transmission or distribution.
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