Bright Future of EV Sector in India: PM Modi | Panda Anku



ANI |
Updated:
Aug 28, 2022 9:46 p.m IS

Gandhinagar (Gujarat) [India]AUGUST 28 (ANI): Prime Minister Narendra Modi said on Sunday that the future of the electric vehicle sector in India looks bright.
“It is a certainty that the EV sector will progress with the strengthening of supply, demand and ecosystem,” he said while addressing a program to commemorate Suzuki’s 40th anniversary in India, which will be held in Mahatma Mandir , Gandhinagar, was held Sunday.
Haryana Premier Manohar Lal spoke via video conference and a video message from Japanese Prime Minister Fumio Kishida was also shown.
Prime Minister Kishida of Japan offered his greetings on the occasion, saying that the growth of Maruti Suzuki over the course of four decades embodies robust economic ties between India and Japan.
He commended Suzuki’s management for recognizing the potential of the Indian market. “I believe we owe this success to the understanding and support of the people and government of India.
Recently, Indian economic growth has continued to accelerate amid various manufacturing stimulus measures under Prime Minister Modi’s strong leadership,” he said.
He said many other Japanese companies have expressed interest in investing in India. He also underlined the importance of this year as India and Japan mark the 70th anniversary of their relationship.
“Together with Prime Minister Modi, I am committed to making efforts to further develop the ‘Japan-India Strategic and Global Partnership’ and realize a ‘free and open Indo-Pacific,'” he added.
Addressing the gathering, the Prime Minister congratulated everyone associated with Suzuki Corporation. “Suzuki’s connection with the families of India has now lasted 40 years,” he said. The Prime Minister said, “The success of Maruti-Suzuki also represents the strong partnership between India and Japan.
In the last eight years, these relations between our two countries have reached new heights. Today, many development projects, from Gujarat-Maharashtra Bullet Train to Rudraksh Center in Banaras in UP, are examples of India-Japan friendship.”
The Prime Minister continued, “And when it comes to that friendship, every Indian definitely remembers our friend former Prime Minister Shinzo Abe.” Recalling when Abe San came to Gujarat and spent his time here, the Prime Minister said that the people of Gujarat fondly remember.
“Today PM Kishida continues the efforts he made to bring our countries closer together,” he added. The Prime Minister recalled Suzuki’s arrival in Gujarat 13 years ago and Gujarat’s confidence in presenting itself as a good model of government.
“I am pleased that Gujarat has kept its promise to Suzuki and Suzuki has also honored Gujarat’s wishes with equal dignity.
The Prime Minister stressed the ties that have existed between Gujarat and Japan, saying that these have gone beyond diplomatic dimensions. “I remember when the Vibrant Gujarat Summit was launched in 2009, since then Japan has been involved as a partner country,” the prime minister said.

He recalled his determination to create a mini Japan in Gujarat to make Japanese investors in Gujarat their home. In order to realize this, many small measures were taken. The creation of many world-class golf courses and restaurants serving Japanese cuisine and the promotion of the Japanese language are some examples.
“Our efforts have always been marked by sincerity and respect for Japan, so about 125 Japanese companies operate in Gujarat together with Suzuki,” he added. The support center in Ahmedabad operated by JETRO offers many companies plug and play facilities.
Japan India Institutes for Manufacturing train many people. The Prime Minister noted the contribution of “Kaizen” to Gujarat’s development path. The Prime Minister said that facets of Kaizen are being applied by him in the PMO and other departments as well.
The Prime Minister highlighted one of the great features of electric vehicles, saying they are silent. Whether 2 or 4 wheels, they make no noise. “This silence not only affects his technology, but is also the beginning of a quiet revolution in the country,” he said.
As part of the government’s efforts to boost the EV ecosystem, the prime minister said various incentives will be offered to EV buyers. The government has taken numerous steps such as: B. Income tax rebates and the simplification of the credit process.
“In order to boost the supply, work is also being done quickly on the introduction of PLI systems in the manufacture of automobiles and automobile components,” said the Prime Minister. Many political decisions have also been made to prepare a robust charging infrastructure for electric vehicles.
“A battery swap policy was also introduced in the 2022 financial budget,” the prime minister said.
The Prime Minister noted that India announced at COP-26 that by 2030 it would reach 50 percent of its installed electrical capacity from non-fossil sources. “We have set a ‘net zero’ target for 2070,” said the Prime Minister.
He expressed his delight that Maruti Suzuki is also working on things like biofuel, ethanol blending and hybrid electric vehicles. The prime minister also suggested Suzuki should start working on projects related to compressed biomethane gas.
PM Modi also wished to create a better environment for healthy competition and mutual learning. “It will benefit both the nation and the company,” he said.
“Our goal is for India to become Amrit Kaal Aatmnirbhar for its energy needs in the next 25 years. As the transport sector accounts for a large part of energy consumption, innovation and efforts in this sector should be our priority. I am confident that we will be able to achieve this,” he concluded.
During the event, the Prime Minister laid the foundations for two of Suzuki Group’s key projects in India – Suzuki Motor Gujarat Electric Vehicle Battery Manufacturing Facility in Hansalpur, Gujarat and Maruti Suzuki’s forthcoming vehicle manufacturing facility in Kharkhoda, Haryana.
Suzuki Motor Gujarat EV battery manufacturing facility in Hansalpur, Gujarat will be expanded with an investment of around Rs. 7,300 crores to manufacture Advanced Chemistry Cell EV batteries.
The vehicle manufacturing facility in Kharkhoda, Haryana will have the potential to produce 10,000 passenger vehicles per year, making it one of the largest single-site passenger vehicle manufacturing facilities in the world. The first phase of the project will be set up with an investment of over Rs. 11,000 crores.
Ambassador of Japan to India, Satoshi Suzuki, Chief Minister of Gujarat, Bhupendra Patel, Member of Parliament, CR Patil, Minister of State, Jagdish Panchal, Ex-President of Suzuki Suzuki Motor Corporation, O Suzuki, President of Suzuki Motor Corporation, T Suzuki , and the Chairman of Maruti-Suzuki, RC Bhargava were present on the occasion. (ANI)

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