Amitabh Kant CEO NITI Ayog nudged established automakers to move forward with their EV (electric vehicle) plans and warned that in the absence of that the incumbents can cede ground to the startups as the latter are growing exponentially. The Niti Ayog head also emphasised on the need to adopt an indigenous route for EVs, develop a robust supply chain and reduce dependence on imports from China.
“The domestic manufacturers must realise that we are in the midst of a biggest transition. The EV will become inevitable whether you like it or not, he said during his virtual address to the auto industry leaders at the 61st annual conference of Auto Component Manufacturers Association (ACMA).
