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2023: Third in the world in terms of the number of cars sold - 5.1 million units
2022: India set aside $1 billion to recycle batteries for electric vehicles
In early June 2022, India's largest electronic device processor Attero announced a $1 billion investment in expanding production. These funds were allocated by the Indian authorities. The company will spend it until 2027 to build lithium-ion battery recycling plants in Poland, the United States and Indonesia to meet 15% of global demand for lithium-ion battery recycling. Read more here.
2021
How India's Electric Vehicle Market Is Evolving
In 2021, about 320 thousand electric vehicles were sold in India, which is 168% more than a year earlier, according to data from the India Energy Storage Alliance (IESA). The Indian market for electric cars is actively developing, but here, unlike other countries, not four-wheeled vehicles prevail, but three and two-wheeled ones, writes The New York Times (NYT) in September 2022.
In India, electric cars Tesla and other global manufacturers are inaccessible to the vast majority of families whose average combined income rarely exceeds $2,400. But electric vehicles on the streets of Indian cities are quite a lot. Electric mopeds and three-wheeled rickshaw taxis that cost $1,000 dollars are hurtling along India's congested city highways, hailed by environmentalists and authorities as a way to get rid of oppressive smog. India's success with low-cost electric vehicles serves as a model for how developing countries they can abandon internal combustion engines and confront climate change without expensive electric vehicles, the NYT notes.
Indian carmakers sold 430,000 electric vehicles in the 12-month period, which ended in March 2022 - three times more than a year earlier. Most of these cars were two- and three-wheelers, with four-wheelers accounting for just 18,000 electric vehicles, according to industry figures.
The newspaper in September 2022 notes that almost 15 years ago, Indian artisans and small businesses began to import electric motors and lead-acid batteries from China to collect cheap vehicles. With low government regulation, these economy cars quickly became popular, however, creating a number of safety problems for drivers and passengers. But they have formed a market space for start-ups and big automakers capable of building something stronger.
Since then, the Indian government and the auto industry have been making large bets on affordable electric vehicles. Competition and subsidies have made electric mopeds and rickshaws as cheap as ICE models, or even cheaper. For a couple of hundred dollars, some startups in India will convert cars from ICE to battery power. At the same time, the recent jump in the cost of oil and natural gas made the operation of classic cars significantly more expensive.
 | There are many regions in the world whose residents will not buy a car for $60,000, "said Bhavish Aggarwal, the 37-year-old head of Ola Electric, which manufactures electric locomotives in the south Indian state of Tamil Nadu. |  |
| | The technology to build electric vehicles operated in hotter, dustier climates or on pothole roads is very different, he says. - In this respect, India represents the perfect microcosm of the rest of the world. If we can build vehicles for India, then it will be very relevant outside our country. | |
Small vehicles are most suitable for India from an economic and environmental point of view. Most of the car fuel in this country is consumed by two- and three-wheeled transport, and the number of owners of ordinary cars is incredibly small: in India there are only 22 cars per 1000 people, compared, for example, with 980 cars per 1000 Americans.
India aims to achieve a penetration rate of 70% for all commercial cars, 30% for private cars, 40% for buses and 80% for two- and three-wheeled vehicles by 2030. According to the Ministry of Heavy Industry and State Enterprises of India, 0.52 million new electric vehicles were registered in the country for 2019-2021. in the country. The problem remains the lack of electricity in many poor villages. According to the government, approximately 50 million households still do not have access to electricity.[1]
India allocated $3.5 billion for the production of electric and hydrogen vehicles
On September 15, 2021, the Indian Cabinet approved an automotive sector incentive program aimed at increasing the production of electric vehicles and hydrogen-fueled vehicles, as well as developing drone production. The government will allocate about $3.5 billion in incentives to car companies and drone manufacturers over five years.
The incentive system is expected to help attract new investments of about $6.1 billion in the automotive sector. Incentives will be between 8% and 18% of the sales value of cars or components and will be given to companies when certain conditions are met, such as minimum investment over five years and sales growth of 10% per year. Automakers, for example, will have to invest $272 million by 2026, and auto parts companies $340 million.
Auto parts manufacturers will receive incentives to make components for sustainable cars, as well as to invest in advanced technologies such as sensors and radars used in connected cars, automatic transmissions, cruise control and other electronics.
Sanjay Kapoor, president of the Automotive Components Manufacturers Association of India (ACMA), said that with global economies reducing the risk of their supply chains, the scheme will help turn the country into an attractive alternative source of high-end automotive components.
India sees clean automotive technology as a central part of its strategy to reduce reliance on oil and reduce debilitating air pollution in its major cities, as well as meet emissions commitments under the Paris climate agreement.
The domestic carmaker, India's Tata Motors biggest seller electric vehicles , and rival Mahindra & Mahindra and motorcycle maker TVS Motor are strengthening their plans to bring electric vehicles to market at their companies.
Girish Wagh, chief executive of Tata Motors, said in a statement that the scheme would accelerate the country's progress towards green mobility and help attract foreign investment.[2]
2020: No new car bought in a month for the first time in all of India
In all of India, for the first time, they did not buy a single new car in a month. This happened in April 2020, and it became known in May.
According to Bloomberg, the leaders of the Indian car market Maruti Suzuki, Mahindra and Hyundai could not supply a single car, since factories and dealerships in the country were closed due to the nationwide quarantine imposed in connection with the COVID-19 coronavirus pandemic.
By comparison, 247,541 passenger cars and 68,680 commercial vehicles were sold in India in April 2020. At the same time, even before the quarantine, the Indian market began to fall. Thus, sales from the Indian carmaker Maruti Suzuki in March 2020 fell by 48% compared to the same period in 2019, and Mahindra & Mahindra experienced a 90% decline.
According to the news agency, due to restrictive measures taken by the Indian government, the local auto industry loses $306 million every day. All dealerships in the country are closed until at least May 17, 2020, and there is a risk that zero sales will remain for the second month in a row.[3]
Judging by the published statistics, in April 2020, very few vehicles were exported from India. So, Maruti Suzuki exported 632 cars from the country, and Mahindra & Mahindra - 733 cars. The latter also sold about 5 thousand tractors.
According to Business Today, the situation cannot but affect the country's budget, since taxes on car sales bring in about 280 billion rupees per year. All representatives of the industry involved in the production of cars and components, as well as in logistics operations, are united in their opinion: recovery will take place slowly, and this process is just beginning in May 2020, the publication says.
2019
3.6 million cars produced
22 cars per 1000 people
Cars per 1,000 people (World Bank, June 2019):
- UNITED STATES: 837
- Australia: 747
- Italy: 695
- Canada: 670
- Japan: 591
- Germany: 589
- Britain: 579
- France: 569
- Malaysia: 433
- Russia: 373
- Brazil: 350
- Mexico: 297
- Saudi Arabia: 209
- Turkey: 199
- Iran: 178
- SOUTH AFRICA: 174
- China: 173
- Indonesia: 87
- Nigeria: 64
- India: 22
Notes
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