ACMA’s Sunjay Kapur on auto-component sector’s preparedness for EV shift

Q1: You know, obviously there is going to be, and it started already, a clear shift towards electric vehicles. The industry has to get prepared, and they are already preparing in many ways. So this change that you see, which will happen, what is the kind of roadmap that you have in the next five years?

Ans:

>Adoption of EVs – driven by regulation and customer demand – is increasing everyday

>Two and three-wheeler industry is transitioning from internal combustion engine (ICE) vehicles to electric vehicles (EVs) faster

>From supply perspective, EVs have opened up a new market segment for companies