Hybridising India’s automotive sector: From EVs to alternative fuel vehicles
The dynamic and diversified Indian automotive industry has been able to withstand the adverse impact of COVID-19 on its manufacturing. This resilience is recognised globally. On the global platform the Indian automotive industry is ranked fifth according to the Indian Automotive Industry Report by IBEF.
The ascent to this position by both the passenger and the commercial vehicle categories has been from the seventh position in 2019. Though it is creditable a feat, its fallout is not that commendable from the environmental impact perspective. The increase in vehicle production acts as a double-edged sword: while it meets the increasing demand, it also causes excessive air pollution.
