EV-a2zEV-a2z
Notification Show More
Aa
  • News
    • EV Type
      • BEV
      • HEV
      • PHEV
      • FCEV
    • System
      • EV
      • Battery
      • Charging Infra
    • Veh. Type
      • Bike
      • 3 Wheeler
      • Car
      • Bus
      • Truck
      • Aircraft
    • Country
      • United States
      • United Kingdom
      • Australia
      • India
      • China
      • Germany
      • Japan
      • Canada
    • Company
      • Tesla
      • BYD
      • General Motors
      • Ford
      • Toyota
      • Volkswagen
      • Hyundai
      • Stellantis
    • Energy
      • Solar Energy
      • Wind Energy
  • Reviews
  • FAQ
  • Listicles
  • Sales Report
  • Guidance
    • Policy
    • Standards
    • Regulations
  • Books
  • Expo
  • Glossary
Search
© EV-a2z. All Rights Reserved.
Reading: India advancing efforts to improve the auto-industry localization of electronic components
Share
Aa
EV-a2zEV-a2z
Search
  • News
    • EV Type
    • System
    • Veh. Type
    • Country
    • Company
    • Energy
  • Reviews
  • FAQ
  • Listicles
  • Sales Report
  • Guidance
    • Policy
    • Standards
    • Regulations
  • Books
  • Expo
  • Glossary
Follow US
EV-a2z > News > India advancing efforts to improve the auto-industry localization of electronic components
News

India advancing efforts to improve the auto-industry localization of electronic components

EV-a2zs
Last updated: 2023/01/17 at 5:46 PM
EV-a2zs Published January 17, 2023 4 Min Read
Share
4 Min Read
Electric Vehicle Recharging
Electric Vehicle Recharging
SHARE

According to Sunjay Kapur, President of the auto component industry body, the domestic auto sector is stepping up efforts to improve the localization of electronic components to reduce dependence on other nations, particularly China. 

Contents
EV demand increasesThe automotive and electronic sector

In a conversation with PTI, Kapur noted that the Ministry of Heavy Industries, the Society of Indian Automobile Manufacturers (SIAM), and the Automotive Component Manufacturers Association of India (ACMA) are collaborating to achieve the goal of localization, particularly in electronics.

Kapur pointed out that the strong push toward electrification presents significant potential for the auto component industry.

EV demand increases

As demand for electric vehicles increases, the industry is observing a rapid evolution of the auto components sector into a crucial link in the supply chain for producing electric vehicles.

The component sector is steadily investing in and acquiring tech firms.

“We will have to keep localising…we as an industry are very fortunate that we can work with the electronics industry as well. Together with combined forces, we can look at scale for localisation efforts, and that is something that we have to do,” Kapur stated.

Auto trade policies have received desirable focus in the past years. As 🇮🇳 becomes an important player in the global Auto Industry, we aspire to be one of the leading economies with a strong export footprint, says Mr Vinod Aggarwal, President, SIAM and MD & CEO, VECV. #BTNR pic.twitter.com/L8yXjzSwpW

— SIAM India (@siamindia) January 14, 2023

From $8.7 billion (Rs 64,310 crore) in the first quarter of 2021–22 to USD 10.1 billion (Rs 79,815 crore) in the first portion of the current fiscal, imports of auto components increased by 17.2%.

Europe and North America came in second and third, with 26% and 8% of all imports, respectively, coming from Asia.

Asia saw a 21% increase in imports, Europe saw a 6% increase, and North America saw a 29% increase.

The automotive and electronic sector

Kapur mentioned the addition of two participants from the electronics sector to the ACMA executive committee.

“The government is also pushing this, their agenda is also to push localisation, and that is a great driver for us also as an industry because looking at the amount of imports of electronics we will have as a country going ahead…we definitely need to scale up efforts to localize,” Kapur stated.

When questioned about potential conflicts of interest between producers of automotive components and those in the electronics sector, he said:

“There will be collaboration…in the automotive industry, you need domain expertise. It is very important, and the opportunity to collaborate will be very huge.”

Manav Kapur, Executive Director of Steelbird International, said he believes that when foreign component makers would collaborate with local vendors, the manufacturers in India will learn and understand the technology more accurately | @Bhaswati19Guha https://t.co/HV7B4ocEed pic.twitter.com/VnZTji5VIa

— News18 (@CNNnews18) January 15, 2023

He stated that as the component industry is interrupted and transformed by the shift to the software side, there will be opportunities to bring in top talent.

“…it is expected that 40 percent of the vehicles will be software. This was not the scenario before, and it has happened so quickly…the automobile industry is now becoming the mobility industry in that sense,” Kapur said.

When questioned about the sector’s economic outlook for the upcoming fiscal year, Kapur noted: 

“In India, we will see growth as passenger vehicles and commercial vehicles are expected to grow. If there is a recession in the US…hopefully volumes will get replaced by other export markets.”

An increase of 34.8% over the previous year’s first quarter, the automotive component industry’s revenue for April through September came to Rs 2.65 lakh crore (USD 33.8 billion).

You Might Also Like

Hyundai reveals battery suppliers of its EV models amid fire concerns

Uber boss casts doubt on Tesla’s Robotaxi vision

Tesla secures direct sales license in Kentucky

CATL launches showroom of EV models powered by its batteries in China

Tesla Semi to hit European roads

TAGGED: China, Electric Vehicle, Europe, EV, India, USA
EV-a2zs January 17, 2023 January 17, 2023
Share This Article
Facebook Twitter Flipboard Whatsapp Whatsapp LinkedIn Reddit Email Copy Link

Follow US

Find US on Social Medias
Facebook Linkedin Twitter

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Popular News
The TATA logo at the entrance to Tata Group Portland Office. Tata Group is an Indian multinational conglomerate holding company headquartered in Mumbai, India.
News

UK to beat Spain in securing Tata’s EV battery factory investment

EV-a2zm By EV-a2zm May 25, 2023
Tesla ramps up Cybertruck production at Giga Texas, drone video reveals
Tesla offers limited-time match on Dutch EV incentive 
Ford mulls an Indian factory relaunch to produce low-cost EVs, report says
Peugeot officially debuts the new e-3008 SUV 
- Advertisement -
Ad imageAd image

Tags

Australia (197) Autonomous Driving (110) Battery (805) BEV (71) BMW (105) BYD (319) Canada (74) CATL (84) Charging Infrastructures (360) China (749) Electric Truck (72) Electric Vehicle (4971) Elon Musk (324) Europe (466) EV (5090) EV Sales (169) Ford (180) Full Self-Driving (94) General Motors (118) Germany (134) Gigafactory (90) Honda (74) Hyundai (156) India (268) Japan (82) Kia (92) Lithium (74) Lithium-ion Battery (79) Mercedes Benz (83) NIO (101) Nissan (77) Renewable Energy (91) Rivian (76) Solar Power (99) Stellantis (117) Tesla (1564) Tesla Cybertruck (101) Tesla Model 3 (151) Tesla Model Y (178) Tesla Superchargers (90) Toyota (154) UK (150) USA (1518) Volkswagen (183) Volvo (76)

About Us

Your definitive guide to the electric vehicle and renewable energy transition, offering insights, news, and analysis on EVs and green energy trends.

Top Menu

  • News
  • Reviews
  • Listicle
  • EV Sales
  • FAQ

Resource

  • Policy/Standard/Regulation
  • Glossary
  • Books
  • Expo
Subscribe to Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

EV-a2zEV-a2z
© EV-a2z. All Rights Reserved.
  • About EV-a2z
  • Terms
  • Privacy
  • Cookie Policy
  • Contact
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
Newsletter Tesla red
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
Go to mobile version
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?