Sector OverviewIn India, the automotive industry is a powerful engine of industrial growth. It contributes 7.1% to total GDP and employs about 32 million people, directly and indirectly. Furthermore, the sector attracted US$ 16.5 Billion in foreign direct investment between April 2000 and December 2016, and is slated to attract around US$ 8-10 Billion more in local and foreign investment by 2023.Given the growing concern about the emission worldwide, India can save 64% of anticipated passenger road-based mobility-related energy demand and 37% of carbon emissions in 2030 by pursuing a shared, electric, and connected mobility future. Country can see the large scale adoption of green mobility with the support of the Government. Number of new players are also emerging in the green mobility space in segments like vehicle, battery, charging and components.
Electric Mobility Committee of FICCI has been constituted with an aim to promote manufacturing and R&D of electric and other zero emission vehicle technologies in the country and to look at the development of ecosystem for these technologies. The committee looks at the sector in a holistic manner by having representation from Auto sector, Components, Power and Energy sector, Cab operator and Academia. The committee aims to enhance the efficiency, technology and global positioning of the Indian Automotive sector on the world map of green mobility.
The committee discusses policies with the various stakeholders & industry experts for recommending appropriate measures to promote green mobility. Government of India is also promoting green mobility initiatives in a major way and the committee is working closely with the Government to further work on the cause of the sector.