Opportunities and scope

1.Authority support-
 Indian government’s ‘Electronic vehicles
regulations and policy initiative’.
 Indian government slashed Goods and
service tax from 12% to 5%.
 ‘FAME India phase 2’ program with
allocation of $1.4 billon to accelerate
electronic vehicle(EV) adaptation.
 Development of EV ecosystem by setting up
2700 charging stations in 3km x 3km.
2. Natural demand-
 Indian government’s incentives the
demand of EV in consumers is continuously
growing
 According to ‘innovation Norway’ In next 6
years the demand of passenger EV will go
up to 2 million units.
 Financial and IT hubs in India like
Mumbai and Banglore which are
overpopulated need High Fidelity EV
vehicles to compensate the deterioration of
nature.
3. labour & Finance-

 India has 501 million labours, from that

26.18% is working industry sector. So,
India has availability of labour.
 India has a talented pool of engineers that
can handle the high end works related to
operations and innovation.
 Cost of living in India is 68.3% less
expensive than the country like US, and the
property prices are 85% lower than US.
 So, the availability of labour from low end
job to very specific technical task is high
and wages are low because of low cost of
living.

4. Natural resources-
 The Department of Atomic Energy,
Government of India has discover lithium
(Li) resources in Mandla district
Karnataka.
 We know lithium is very important in
making of car battery. So, the Mandal
resources will be very beneficial in future
plans.
 In 2019 India became second largest steel
producer in world as we know steel is an
essential metal to build the car chassis,
break and roof.
 So, the availability of natural resources like
steel & lithium which are essential of car
manufacturing would make the production
cost of a car less.