New Delhi, Sep 3 (SocialNews.XYZ) India needs to accelerate its transition towards alternative energy sources available domestically and promote electric trucks as part of this shift, Tarun Kapoor, Advisor to the Prime Minister, said at the 66th SIAM Annual Convention on Thursday.
“We need to transition to alternative energy sources available in India as quickly as possible. For this, we must promote electric trucks,” Kapoor said.
He noted that electric trucks have already started being manufactured in India, indicating that the country has begun building capabilities in the segment. However, he stressed the need to further strengthen domestic manufacturing to make such vehicles more affordable and competitive.
"If we want to set a timeline for ourselves then we should see very major transition in the next 5 years we want that the whole landscape should change and those incremental changes will not really help us," he said.
Kapoor said greater local value addition, particularly through domestic battery manufacturing, could help bring down the cost of electric trucks and make them available at competitive prices.
"The main change which is happening is that everyone is moving towards sustainability, towards energy efficiency, towards electric, towards fuels which are more environment friendly and we also have to do that," Kapoor said.
“If we add more value—such as manufacturing batteries locally in India—these trucks can potentially be available at a good, competitive price,” he said.
Beyond electric mobility, Kapoor stressed the need to strengthen domestic manufacturing of semiconductors and other critical automotive components. Citing recent disruptions in the supply of rare-earth magnets, he warned that heavy reliance on concentrated global supply chains can expose the industry to significant vulnerabilities.
"Please expect some major things to come from our side and the industry has to be prepared for that," Kapoor said.
Source: IANS
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