Electric cars and growth of India.

 

21^st century without vehicle is like body without soul. Every living creature have come across the vehicle in their life, vehicles are part of life now days.

Its ultimate example of how humans have developed throughout the years, in 1885 Benz patented Motorwagen known as first practical vehicle, for carrying people. Now Tesla has made self-driving car, that’s what development mankind has seen throughout the history.

How cars are changing the India?

As we all know cars are becoming part of life, so every industry is depended on it and industries are the forces that drives economy.

Due to Pandemic every industry was going down only medial and automobile industry were stable, because both were essential in that scenario.

So government of India has observed this and took decision to promote EV (Electric vehicle), the central government has announced lots of promotional measures in the previous 10 years like, public EV charging infrastructure development, tax incentives for electric vehicle owners and so on.

 

Why Indian customer are going for EVs?

People now days are looking for cars that offers safety, features, customization, power, pocket friendly, comfort and reliability. Nowadays people don’t look vehicle just for functional perspective, for many people cars are like second home. Peoples have seen and gone through environment break downs, this created awareness of go green which indirectly diverted car buyer to shift on EV as they don’t emit hazardous gases like IC (Internal combustion) engine car does.

EV’s are getting more and more fame after petrol crises and government policy, most the pre-owned car users are shifting on new EV as they are cheap to run compared to petrol and tax are low.

Major reasons for buying cars are:

·         Safety

·         Easy Finance

·         Save on Fuel and Maintenance Costs

·         Have More Fun with Higher Performance

·         Get Money for a Purchase/Lease

·         Clean up Planet Earth by buying EV

·         HIGH RESALE VALUE

·         INSTANT TORQUE

·         NO IDLING

 

What are Indian electric car manufacturer are doing to keep up with electric vehicle market?

 When we say Indian car makers we point towards TATA and Mahindra. From past few years both the car makers are constantly upgrading their vehicles to compete with international brands like Ford, Tesla, Chevrolet, Kia, Mercedes, BMW, Audi and so on.

 Both the car makers have earn and raised their reputation in car industry. Tata has showcased there new electric cars globally, they also promoted there car in IPL (Indian premier league). So it’s clearly seen Indian car makers are looking forward to grow in Electric car manufacturing which will certainly raise the employment and economy of India.

TATA has huge line up for their EVs recently they have unveiled their few cars like Curvv, Nexon EV Long-Range, Tigor EV Long-Range, Sierra EV and Avinya.

Here are some India electric vehicle manufacturer:

·         TATA electric

·         Mahindra electric

·         Ashok Leyland electric

·         Olectra – BYD green E-Bus

·         Ola electric

Every manufactures are adding features to their models, trying to bring 5 star safety for cars, spreading in various segments like SUV, Sedans, Crossover, hatchback and MPV.

 

Foreign car maker looking forward to grow in India?

 India is growing country in every field and India has blessed with large population which crate great opportunity for every car manufacture to raise their profit scale, big company are looking forward to start plant in India so they can keep their labor low and assist sales in same country to maximize the profit ratio.

Tesla is looking forward to invest in India

Ford is planning to enter Indian market again with Electric vehicles

Many other company have already invested in India like Kia they have recently launched their new model in India.

As seen globally people are adopting Go green culture and hence buying EV instead of regular IC vehicles. According to global data, 3.1 million EVs were sold in 2020, 4.7% new EV car, according to expert analyst and investor’s prediction EV sales will continue to rise and reach 48% of sale by 2030. Keeping this in mind every car maker is diversifying their production line to EV.

 

How will it change India?

It’s clearly seen that India is growing in IT field plus cheap labor, so industrialist are planning to start plant in India to maximize the profit and reduce overall cost, Nowadays cars are equipped with Artificial intelligence, which require staff to keep check on it, to calibrate things and keep things updated and work smoothly all this require smart labor and India is has lots of it to offer. Due to FDI Indian economy will leap out of recession.

International and National car Manufacture Company will raised employment in following sectors:

Engineering

Designing

·       Data science

·       Cyber security

·       Marketing

·       Logistics

·       Finance

R&D

 

 

 

So many opportunity for India as well as all the car manufacturers

Looking forward in India within 15-20 years every home would have at least one EV. Which will definitely reduce pollution and increase employment in India.

No matter who you are customer or car manufacturer or just investor India is going to change things in car market which will raise every parameter of success and everyone will be in profit index.

Rising population and endless crisis are the key factor for electric car industry to grow as they are cost saving things to have and they will be used in medical emergency it’s like basic need of modern human being.

“Go green and clean”