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- 1. Automotive Industry inIndia - Report Slide 1 Introduction Indian Automotive industry is 4th largest vehicle market in the world Industry produced 26 million vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycles in FY20, of which over 4.7 mn are exported As per the current statistics, the auto industry’s turnover is estimated to be equivalent to: 7.1% of overall GDP About 26% of Industry GDP About 49% of manufacturing GDP Employs 29 million people (directly and indirectly), and Contributes to 13% of excise revenue for the Government Industry Segments: Two-wheelers (81%), Passenger Vehicles (13%), Commercial vehicles (3%) and Three-wheelers (3%) Largest tractor manufacturer, second-largest bus manufacturer and third largest heavy trucks manufacturer in the world. INR 8.7 trillion (US$ 118 billion) Indian automobile industry is expected to reach INR 16- 18 trillion (US$ 251- 282 billion) by 2026 with strong policy support
- 2. Automotive Industry inIndia - Report Slide 2 Outline • Introduction • Market segment • Market Status • Electric Vehicles (EVs) and Intelligent Transport System (ITS) • Key Players • Automobile & Components Manufacturing hubs in India • Growth drivers • Government policy & New initiatives • Technical regulations & Standardization • Conclusion
- 3. Automotive Industry inIndia - Report Slide 3 Market Segments Automotive sector Two wheelers Mopeds and electric scooters Scooters Motorcycles Passenger vehicles Passenger cars Utility vehicles Multi-purpose vehicles Commercial vehicles Light CVs Medium and Heavy CVs Three wheelers Passenger carriers Goods carriers
- 4. Automotive Industry inIndia - Report Slide 4 Production Trends According to data released by SIAM: • Industry produced over 26 million vehicles including PVs, CVs, 3Ws, 2Ws and Quadricycles in FY 20 as against nearly 31 million in FY 19, registered a negative growth of 14.73%. • Vehicles Production category wise in FY20 • Passenger Vehicles (PVs): over 3.4 Mn • Commercial Vehicles (CVs): over 0.75 Mn • Three Wheelers (3Ws): over 1.1 Mn • Two Wheelers (2Ws): over 21 Mn FY17 FY18 FY19 FY20 3,801,670 4,020,267 4,028,471 3,434,013 810,253 895,448 1,112,405 752,022 783,721 1,022,181 1,268,833 1,133,858 19,933,739 23,154,838 24,499,777 21,036,294 No. of Vehicles Produced PVs CVs 3Ws 2Ws
- 5. Automotive Industry inIndia - Report Slide 5 Market Status
- 6. Automotive Industry inIndia - Report Slide 6 Export Trends According to data released by SIAM: • In FY20, overall automobile exports increased by 2.95% to over 4.7 million against around 4.6 million in FY19. • Vehicles export category wise in FY20: PVs: around 0.68 million CVs: over 0.06 million 3Ws: 0.5 million 2Ws: over 3.5 million • At present, Maruti Suzuki India Ltd, Hyundai Motor India, and Ford Motor India are the top three PV exporters while Bajaj Auto Ltd and TVS Motor are the leading exporters of two-wheelers. F Y1 7 F Y1 8 F Y1 9 F Y2 0 758,727 748,366 676,192 677,311 108,271 96,865 99,933 60,713 271,894 381,002 567,683 502,169 2,340,277 2,815,003 3,280,841 3,520,376 No. of Vehicles export PVs CVs 3Ws 2Ws
- 7. Automotive Industry inIndia - Report Slide 7 Sale Trends According to data released by SIAM: • Around 21.5 million vehicles (including PVs, CVs, 2Ws, 3Ws and Quadricycle) were sold in FY20 against near 26 million in FY19. • Vehicles sale category wise in FY20: PVs: around 2.8 million CVs: over 0.7 million 3Ws: 0.63 million 2Ws: over 17 million F Y1 7 F Y1 8 F Y1 9 F Y2 0 3,047,582 3,288,581 3,377,389 2,773,575 714,082 856,916 1,007,311 717,688 511,879 635,698 701,005 636,569 17,589,738 20,200,117 21,179,847 17,417,616 No. of vehicles sold PVs CVs 3Ws 2Ws
- 8. Automotive Industry inIndia - Report Slide 8 E-Mobility • Electric vehicle (EV) ecosystem in India continues to be at a very nascent stage. • Presently, pure electric vehicle penetration in India is barely 0.1% in private vehicles, about 0.2% in two-wheelers and nearly zero for commercial vehicles. • According to Society of Manufacturers of Electric Vehicle (SMEV), sales of EVs in India fell 20% in the financial year 2020-21 to 2,36,802 units as compared to 2,95,683 units In FY20. • E2W segment: 1,43,837 units including 40,836 high-speed and 1,03,000 low-speed E2W. • E3W segment: 88,378 units • E4W segment: 4,588 units • In order to meet 100% EVs by 2030, GoI has to work upon following issues: High price of EV Lack of adequate charging Infrastructure Long charging time Lack of consumer awareness and price sensitivity • According to a report by India Energy Storage Alliance (IESA), the electric vehicle (EV) market in India is expected to hit over 6.3M unit mark per annum by 2027 • Hero Electric, Tata Motors, Ather Energy, Mahindra Electric, Hyundai Kona electric, & MG Motor are among top players in EV segment.
- 9. Automotive Industry inIndia - Report Slide 9 India is set to witness two major changes in the form of E-Mobility & Intelligent Transport System (ITS)
- 10. Automotive Industry inIndia - Report Slide 10 Intelligent Transport System (ITS) • ITS add information and communications technology (ICT) to transport infrastructures and vehicles to improve their safety, reliability, efficiency and quality. • Most uses of ICT technologies: • Application of Electronic Toll Collection (ETC) technologies on national and state highways, use of technologies for tracking, surveillance and information systems on public transport, and parking management systems in cities. • At present, ITS has been partially implemented in very few cities in India including Mumbai, Bangalore, Surat, and Bhopal etc. • Key ITS developments in India: • ARAI has produced AIS-140 Standard for all public transportation systems to build an Intelligent Transportation System in India (Vehicle Tracking System) • Telecom Engineering Centre (TEC) have released two technical reports on ITS, detailing sector specific requirements/use cases to carry out gap analysis and future action plans with possible models of service delivery. • Telecommunication Standards Development Society, India (TSDSI) has also released a technical report, laying emphasis on a national ITS roadmap and create a sustainable model for deployment. • In 2017, Govt. think tank NITI Aayog and International Road Federation (IRF) signed a Statement of Intent to cooperate in the field of ITS in India • NITI Aayog has also set up a national level committee with members from various ministries and states for developing and implementing ITS to drive smarter mobility in the country.
- 11. Automotive Industry inIndia - Report Slide 11 Automobile & Components Manufacturin g hubs Region, State Major Occupier Remarks Pune-Aurangabad, Maharashtra Fiat, GM, Volkswagen, Mercedes-Benz, Tata Motors, Bajaj Auto, JLR, Mahindra & Mahindra, Skoda Auto, Goodyear Tyres, Balkrishna Tyres, Duro Valves, Force Motors, JCB, Sany, John Deere, Continental, Minda, Carraro Maharashtra accounts for ~35% of India’s output of automobiles by value. Chennai- Sriperumbudur- Oragadam, TamilNadu and SriCity, Andhra Pradesh Hyundai Motor, Schwing Stetter, Daimler Commercial Vehicles, RenaultNissan, Yamaha Motors, Bharat Benz, Eicher, Ashok Leyland, BMW, Royal Enfield, Isuzu, Komatsu, Ford, TAFE, CEAT Tyres Part of Chennai and surrounding areas, which are popularly nicknamed “Detroit of India”, due to the large presence of auto industry. Manesar-Faridabad- Gurugram, Haryana Maruti Suzuki, Honda Motorcycle and Scooter, Suzuki Powertrain, Suzuki Motorcycle, Hero Motors, Mitsubishi Electric Automotive, Harley Davidson, Yamaha Motors, JCB, Ecorts Tractors, Minda Home to the first and largest plant of India’s largest automobile manufacturer – Maruti Suzuki. Sanand-Mandal- Bechraji, Gujarat Tata Motors, Ford Motors, Suzuki Motors, Honda Motorcycle and Scooter ~102 sq. kms. of MBSIR (Mandal Bechraji Special Investment Region) being developed as an industrial hub, including a Japanese zone. Bengaluru-Bidadi, Karnataka and Hosur, Tamil Nadu Toyota Kirloskar, Mahindra Reva Electric, TVS Motors, Ashok Leyland, Continental Karnataka is the R&D hub of India with 400+ R&D institutes.
- 12. Automotive Industry inIndia - Report Slide 12 Key Market Players Segment Players (Market share (%)) Passenger Vehicle (PVs) Suzuki (53.8%), Hyundai (17.4%), Tata Motors (8.2%), M&M (5.8%), Toyota (3.4%), Honda (3%) etc. Commercial Vehicles (CVs) Tata Motors (42.64%), M&M(27.65%), Ashok Leyland (17.71%), VECVs (7.25%) etc. Two-Wheelers (2Ws) Hero Motor Corp (37%), HMSI (25.57%), TVS(14.31%), Bajaj Auto (11.97%), Royal Enfield (3.8%) etc. Three-Wheelers (3Ws) Bajaj Auto, TVS M&M etc.
- 13. Automotive Industry inIndia - Report Slide 13 Government policy & New initiatives
- 14. Automotive Industry inIndia - Report Slide 14 Growth Drivers Key market drivers • Rising adoption of personal mobility • Low car penetration & rising family income • Greater Availability of cheaper and easier finance • Strong policy support from government
- 15. Automotive Industry inIndia - Report Slide 15 National Auto Policy (NAP) 2018 (Draft) • Government unveiled draft NAP in February 2018 with a vision to promote Green mobility in the Country. • Objectives of NAP: Increase contribution to GDP To support the growth of industry and comprise a considerable proportion of the manufacturing sector GDP by 2026 Increase exports To scale-up exports to 30-40% of the overall output over the next decade improve the brand recognition, competitiveness and technological advancement of the Indian automotive industry across the world Drive employment generation and skill development To become a solid foundation for job creation over the next decade Increase local R&D investments to drive the R&D efforts towards indigenous research, design and engineering To promote clean, safe, efficient and comfortable mobility, with a focus on environmental protection and affordability
- 16. Automotive Industry inIndia - Report Slide 16 National Electric Mobility Mission Plan (NEMMP) 2020 • Introduced jointly by government, automotive industry and academia/research institutes. Promotion & development of indigenous manufacturing capabilities, required infrastructure, consumer awareness and technology. 6 million electric & hybrid vehicles per year on the road by 2020. • Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME) India Initially, FAME-I as part of NEMMP was launched by DHI in 2015 for 2 years but was extended from time to time till March 31, 2019 FAME-II with an outlay 10,000 crore(~€1200 million) has come into effect on April 1, 2019, for three years: Rs. 1000 Crore (€115 million) has been earmarked for establishment of charging infrastructure as per “ Charging Infrastructure for Electrical Vehicles- Guidelines and Standards ” released by Ministry of Power Over 27,000 EVs have been supported till September 2020, by way of Demand Incentive amounting to about Rs. 95 Cr (€11 million).
- 17. Automotive Industry inIndia - Report Slide 17 Automotive Mission Plan (AMP) 2016-26 • Collective vision of Department of Heavy Industry (DHI) and the Indian Automotive Industry • Objectives: • To propel industry to become the engine of the “Make in India” programme. • To make Industry a significant contributor to the “Skill India” programme. • Promote safe, efficient, and comfortable mobility for every person in the country with an eye on environmental protection and affordability through both public and personal transport options. • To seek increase of net exports of the Indian Automotive industry several fold. • Promote comprehensive and stable policy dispensation for all regulations impacting the industry. • AMP 2026 is aimed at bringing Automotive Industry among the top three of the worlds in engineering, manufacture and exports of vehicles & components, growing in value to over 12% of India GDP and generating an additional 65 million jobs.
- 18. Automotive Industry inIndia - Report Slide 18 National Automotive Testing and R&D Infrastructure Project (NATRiP) • Most significant initiative in Automotive sector by Government of India with a total project cost of Rs. 3727.30 crore (€428 million). • Creating core global competencies in automotive technology in India and to facilitate seamless integration of Indian Automotive industry with the world. • Four new centers are: • International Center For Automotive Technology (iCAT) at Manesar (Haryana) in northern India. • Global Automotive Research Center (GARC) at Oragadam near Chennai (Tamil Nadu) in southern India. • National Automotive Test Tracks (NATRAX) at Pithampur near Indore (Madhya Pradesh) in central India. • National Institute of Automotive Inspection, Maintenance & Training (NIAIMT) at Silchar (Assam) in northeast India. • Two existing facilities 'Automotive Research Association of India (ARAI-Pune) and Vehicle Research & Development Establishment (VRDE - Ahmednagar)' have been upgraded with new technologies.
- 19. Automotive Industry inIndia - Report Slide 19 EV policy initiative by Indian states • Several states in India have announced their EV policy to complement the National scheme and to address state- specific requirements. • States with approved EV policies include Andhra Pradesh, Karnataka, Kerala, Madhya Pradesh, Maharashtra, New Delhi, Tamil Nadu, Telangana, and Uttar Pradesh. • States with draft policies include Bihar, Gujarat, Himachal Pradesh, Punjab, and Uttarakhand. • Nearly all the state EV policies prioritize two and three-wheelers, public transportation, and job creation. However, the policies differ in terms of targets, supply side incentives (manufacturing), and demand side incentives (consumer and charging infrastructure investments). State State EV Policy Andhra Pradesh • 1,000,000 EVs on the road by 2024. • Complete reimbursement of road tax and registration fees on sale of EVs until 2024.. • Establish one lakh (100,000) slow and fast charging stations by 2024. Karnataka 100% e-mobility in auto-rickshaws/cab aggregators/corporate fleets and school buses/vans by 2030. incentives for setting up of the first lot of 100 fast charging stations. To provide opportunities for R&D in electric mobility Kerala • 1 million EV units on road by 2022 and 6,000 e-buses in public transport by 2025. • Incentives, such as state tax breaks, road-tax exemptions, toll-charge exemption, free permits for fleet drivers and free parking. New Delhi 25% electric vehicles by 2024. Incentive for scrapping and de-registering old highly polluting two-wheelers. Maharashtra Increase number of EV registered in Maharashtra to 500,000. Exempts EVs from road tax and registration fees over five-year policy period. Enable fuel stations to set up charging points Madhya Pradesh 100% electric fleet by 2028. Safe, reliable, and affordable charging infrastructure Tamil Nadu Convert 5% of the buses, shared mobility fleets, institutional vehicles, and e-commerce delivery and logistics vehicles to EVs by 2030. 100% Road Tax exemption by 2022. EV-related and charging infrastructure manufacturing units will receive 100% exemption on electricity tax through 2025. Uttar Pradesh 10 lakh EVs by 2024. Attract investments of over INR 40,000 crore in next 5 years Set up nearly 2 lakh slow and fast charging, swapping stations by 2024 Telangana • 100% exemption of road tax & registration fee • Setting up fast charging stations • Encourage EV adoption in Shared Mobility, Public Transport, Institutional Transport, Logistics & Delivery Services. Uttarakhand • 100% electrification of public transport (e-buses), shared mobility including e-bike, e-taxis, and goods transport using electric 2-, 3-, and 4-wheelers, and other mini goods-transport vehicles in five priority cities by 2030. Bihar Prioritizes electrification of rickshaws and plans to convert all paddle rickshaws to e-rickshaws by 2022. Create normal/fast charging/swapping stations at every 25 Km on state highways/national highways in the state and every 3 km in the city. Gujarat • 80,000 E-2W, 14,000 E-3Ws, 4,500 E-4Ws including commercial taxis and cargo, 1500 e-bus and other transport vehicles in the state under policy period. • Install charging stations at multi-level parking lots and public places. Punjab 25% of annual vehicle registrations as EVs in the last year of the five-year policy period. Increase share of electric 2-wheelers to reach 25% of new sales over the policy period. Haryana 100% exemption of road tax on transportation EVs purchased within State. 100% electric buses by 2029 Support Public/Private Sector to set up Charging infrastructure Chandigarh • Only EVs to be registered in the city after 2030. • 100% electric public buses by 2027, government fleet by 2025, Auto Rickshaws, Corporate Fleets, Cabs and School buses by 2030. • 1,000 public chargers by 2030 Meghalaya 15 % EVs by 2025. Support the setting up of robust infrastructure for EVs including adequate power supply, network of charging points with favourable power tariff and adequate service centres. Promote innovation in EVs for automotive and shared mobility by providing the requisite ecosystem and infrastructure.
- 20. Automotive Industry inIndia - Report Slide 20 Other Initiatives • Government of India encourages foreign investment in the automobile sector and allows 100% FDI under the automatic route • Government has reduced Goods & Service Tax (GST) on EVs to 5% from 12%, on chargers/charging stations for EVs from 18% to 5% and allowing sale and registration of EVs without batteries • Ministry of Power (MoP) has allowed sale of electricity as ‘service’ for charging of EVs. • Ministry of Road Transport & Highways (MoRTH) is allowing the grant of licence to age group of 16-18 years to drive gearless E scooters/Bikes upto 4.0 KW • Ministry of Housing and Urban Affairs (MoHUA) has made amendments to the Model Building Byelaws (MBBL) 2016 and Urban Regional Development Plans Formulation and Implementation (URDPFI) Guidelines 2014 making provisions for establishing EV Charging stations in private and commercial buildings. • Phased Manufacturing Program for Electric Mobility: • Acts as a roadmap for the industry to make necessary investments to localise EV and component production and enable the country to manufacture batteries at large-scale with an initial focus on the battery pack assembly plants, followed by integrated cell manufacturing. • Valid for five years until 2024 • Production Linked Incentive (PLI) Scheme: • Government announced an outlay of INR 75,000 crore (8.5B Euro) for automobiles and components (including batteries) under PLI scheme • Detailed scheme to offer PLI will come out soon and will lay the roadmap and raise India’s bar as a global manufacturing hub. • Vehicle scrapping policy: • Recently, Union Road and Transport Minister announced the Vehicle Scrapping Policy in the Lok Sabha with aim to reduce the population of old and defective vehicles, bringing down vehicular air pollutants, improving road and vehicular safety. • Scrap value: 4-6% of ex-showroom price of new vehicle to be given to the owner by scrapping centre • State may be advised to offer a road tax rebate of up to 25% for PV and up to 15% for CV • Registration fees may also be waived for purchasing new vehicle
- 21. Automotive Industry inIndia - Report Slide 21 Technical Regulations & Standardization
- 22. Automotive Industry inIndia - Report Slide 22 Technical Regulations • MORTH&S formulates and implements various provisions of Motor Vehicle Act (MVA) and Central Motor Vehicle Regulation (CMVR). • MoRT&H has three committees to deliberate and advise the ministry on issues relating to safety and emission regulations, namely – CMVR- Technical Standing Committee (CMVR-TSC) Standing Committee on Implementation of Emission Legislation (SCOE) Automotive Industry Standards Committee (AISC) • Standards are formulated by BIS & ARAI and are considered by CMVR-TSC for implementation. • Vehicles manufactured have to comply with relevant Indian Standards (IS) and Automotive Industry standards (AIS). • India signed the UN WP 29 1998 Agreement in February 2006: India has currently more than 70% safety regulations which are either partially or fully technically aligned with GTRs and UN Regulations.
- 23. Automotive Industry inIndia - Report Slide 23 Bureau of Indian Standards (BIS) BIS has two Division Council: - Transport Engineering Division Council (TEDC) - Covers Standardization in the field of transport engineering including air, water, road and rail transport - 19 Technical Committees & published more than 1160 Standards - TED27 addresses ELECTRIC AND HYBRID VEHICLES and mirror committee of ISO/ TC 22/SC 37 and IEC/ TC 69. - TED28 addresses Intelligent Transport Systems and mirror committee of ISO/TC 204 - TED 30 addresses Railway Applications - Electro technical Division council (ETDC) - responsible for Standardization in the field of electrical power generation, transmission, distribution and utilization equipment; and insulating materials, winding wires, measuring and process control instruments and primary and secondary batteries. - ETD-51 specially for developing EV infrastructure standards.
- 24. Automotive Industry inIndia - Report Slide 24 Automotive Research Association of India (ARAI) • Government approved test agency to carry out mandatory certification testing • Provides technical expertise in R&D, test, certification, homologation and framing of vehicles regulations. • ARAI has 6 GR groups (subsidiary technical bodies of WP.29) are: • GRPE (India) : Working Party on Pollution and Energy • GRSG (India) : Working Party on General Safety Provisions • GRRF (India) : Working Party on Brakes and Running Gear • GRE (India) : Working Party on Lighting and Light- Signaling • GRB (India) : Working Party on Noise • GRSP (India) : Working Party on Passive Safety • Published/drafted several standards that are related to electric/smart mobility. S. No. Code Title 1 AIS-004 (Part 2) Electromagnetic Radiated Immunity of Automotive Vehicles – Requirements & Methods of Tests 2 AIS-004 (Part 3) and A md. 1 Automotive Vehicles - Requirements for Electromagnetic Compatibility 3 AIS-004 (Part 3) (Rev. 1 ) Automotive Vehicles - Requirements for Electromagnetic Compatibility 4 AIS -038 Battery Operated Vehicles –Requirements for Construction and Functional Safety 5 AIS-038 (Rev.1):2015 a nd Amd.1 Electric Power Train Vehicles- Construction and Functional Safety Requirements 6 AIS-038 (Rev. 2) Specific Requirements for Electric Power Train of Vehicles Part I: Requirements of a Vehicle with Regard to Specific Requirements for the Electric Power Train Part II: Requirements of a Rechargeable Electrical Energy Storage System (REESS) with Regard to its Safety 7 AIS-039 Battery Operated Vehicles – Measurement of Electrical Energy Consumption 8 AIS-040 Battery Operated Vehicles – Method of Measuring the Range 9 AIS-041 Battery Operated Vehicles –Measurement of Net Power and the Maximum 30 Minute Power and speed 10 AIS-048 & Amd. 1 and Amd 2 Battery Operated Vehicles - Safety Requirements of Traction Batteries 11 AIS-049 and Amd. 1 & 2 Battery Operated Vehicles - CMVR Type Approval for Battery Operated Vehicles 12 AIS-138 (Part 1) Electric Vehicle Conductive AC Charging System 13 AIS-138 (Part 2) Electric vehicle conductive DC charging system 14 AIS-140 & Amd 1 and 2 Intelligent Transportation Systems (ITS) - Requirements for Public Transport Vehicle Operation
- 25. Automotive Industry inIndia - Report Slide 25 Ministry of Heavy Industries, Department of Heavy Industry (DHI) • Ministry of Heavy Industries instituted “Committee on Standardization of Protocol for Electric Vehicles” to develop specifications for public chargers for such vehicles • The committee submitted its report to the Govt. of India in 2017 and has come out with recommendations entailing specifications for AC and DC charging for EVs. • These standards are called - Bharat EV Charger AC-001 and - Bharat EV Charger DC-001. • These specifications are intended to cater to the immediate need of existing and announced electric 2W, electric 3W and passenger cars/vehicles having battery voltage less than 100 V. • Government of India has also considered the recommendations made by the Committee and has adopted the Report on Bharat Public EV Charger Specifications submitted by the Committee,”
- 26. Automotive Industry inIndia - Report Slide 26 International Cooperation on Auto sector International Cooperation on Auto Sector INDIA - GERMANY Joint Declaration of Intent Signed between the Federal Ministry of Transport, Building and Urban Affairs, Germany and Department of Heavy Indu stry, GOI on 23rd & 24th November, 2009. INDIA - GERMANY Joint Declaration of Cooperation signed between the Federal Ministry of Transport, Building and Urban Development of the Federal Republic of G ermany and Department of Heavy Industry, GOI on 30.05.2011. INDIA - THE NETHERLANDS Joint Declaration of Intent signed between Ministry of Economic Affairs, Agriculture and Innovation, Kingdom of the Netherlands and Department of Heavy Industry, GOI on 19.04.2012 INDIA - GERMANY Joint Declaration of Intent on Cooperation signed between the Federal Ministry of Transport, Building and Urban Development of the Federal Rep ublic of Germany and Department of Heavy Industry, GOI on 30.05.2013. INDIA - THE NETHERLANDS Joint programme of Cooperation signed between Ministry of Economic Affairs, Kingdom of The Netherlands and Department of Heavy Industry, G OI in the presence of H.E. the Prime Minister of Netherlands on 05.06.2015.
- 27. Automotive Industry inIndia - Report Slide 27 Conclusion • It is likely that the automobile sector of India will go back to its pre- COVID-19 situation very soon. • Post COVID-19 era will bring in many challenges as well as many opportunities. The companies will now rely intensively on digital showrooms for increasing their customer base and the Electric Vehicles will surely make a place in the Indian market. • As the Indian automobile industry aims to be among the world’s top three in automobile manufacturing by 2026, e-mobility and ITS by far are the greatest opportunity. • India should consider signing a memorandum of understanding (MoU) with appropriate countries for a continuous supply of Battery raw materials such as lithium. • Automotive players must explore ways to reduce battery cost, charging time and to increase driving range. • Local Standardization requirements in the field of ITS and EVs should be tabled at global standardization platforms for their harmonization.