What colour is your EV Economy?

India has pledged to achieve net-zero emissions by 2070 and has prioritised clean energy and climate change mitigation during its G20 presidency. B20 is a key platform that represents the interests of G20 businesses, promoting exchange of ideas, and fuelling innovation. The B20 India Chair, N. Chandrasekaran said, “The B20 India 2023 dialogue will take place under the theme of ‘RAISE’, an acronym for Responsible, Accelerated, Innovative, Sustainable & Equitable Businesses.” The automotive industry offers a fertile ground for exploring RAISE ideas.

India has become the third-largest light-vehicle market in the world in 2022, led by a strong recovery in demand for personal mobility and last-mile deliveries after Covid-19. India’s automotive Industry is worth over $222 billion and contributes 8% of the country’s total export and accounts for 7.1% of India’s GDP (49% of manufacturing GDP).