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TECHNOLOGY FOR SUSTAINABLE EMOBILITY
The Machinist
|May 2021
The world has witnessed several technology-driven transformations in past decades. Electric Vehicles are the next thing to transform the way we travel
In 2020, electric vehicles (EV) sales reg-istered a record three million new cars, reporting a growth of 41 per cent over the previous year. This phenomenal growth took place at a time when the global automotive industry reported a reduction of 16 per cent during the same period due to the COVID-19 pandemic.
Indian OEMs’ acceleration in EV segment has been through investing in startups, increasing global collaborations, enhancing in-house capabilities, and driving worldwide tie-ups through acquisitions for launching EV products.
Indian OEMs are partnering with engineering and technology service providers for mitigating risks and addressing the emerging opportunities. The focus areas include:
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