Bengaluru: Technology and manufacturing professionals from the world’s top automobile companies met here on Monday to discuss the latest advancements in the field of electric vehicle (EV) mobility. One of the discussions headlining the event — Bangalore Chamber of Industry and Commerce EV Summit — was the impact EV technology will have on India’s future.
TR Parasuraman, executive adviser at Toyota Group, pointed out that the rise of EVs will eventually lead to India reversing its GDP growth trend and going back to making manufacturing the main part of its revenue engine. “We are at 15-17% when it comes to the contribution of the manufacturing sector to the country’s GDP, but with the rise of EV, manufacturing will grow to 35% in the next decade or two,” he said.
