SIAM Hosts 4th Global Electrification Mobility Summit In New Delhi

The summit was attended by Minister of Heavy Industries and Steel, Government of India, H.D. Kumaraswamy (Chief Guest) and Guests of Honour Sudhendu J. Sinha, Advisor, NITI Aayog and Dr. Hanif Qureshi, Additional Secretary, Ministry for Heavy Industries, Government of India, along with Secretary General of Association of World Manufacturers and industry leaders.

During the summit, Sudhendu J. Sinha discussed the government’s efforts over the past nine years. Programs like FAME, FAME II, PM E-DRIVE, and the Production-Linked Incentive (PLI) scheme have collectively directed $15 billion towards the EV sector. He noted that the industry’s response has been strong, with approximately 5.5 million EVs currently on Indian roads.

H.D. Kumaraswamy, Minister of Heavy Industries and Steel, Government of India, said, "In the last few years, the Government has taken several significant steps towards promoting electric mobility in the country.Through schemes like FAME, EMPS and PLIs for automobiles and auto component and ACC batteries, we have propelled the industry towards sustainable advanced technologies. The PLI scheme with an investment of over INR 25,900 crore worked as a catalyst. Since its launch it has attracted investment of over INR 27,000 crore and created over 28,500 jobs.”

SIAM emphasized its ongoing collaborations with policymakers, corporations, and other stakeholders to transition India’s transportation sector to cleaner energy sources. The organization’s initiatives align with the nation’s 2030 sustainable development goals, focusing on reducing emissions and adopting advanced technologies for mobility.

Shailesh Chandra, President, SIAM, and Managing Director, Tata Motors Passenger Vehicles & Tata Passenger Electric Mobility, said, “The Indian Auto Industry needs to be at the forefront of India’s net zero journey. The shift to EVs reduces India’s dependency on fossil fuels and increasing energy security. India’s EV growth story has been underpinned by ecosystem building efforts. SIAM’s Vidyutikaran initiative has been pivotal to drive EV adoption in the country.”