Prime Minister Narendra Modi on Aug 28, 2022 made a statement that electric vehicles are bringing silent revolution in India. Electric vehicles could be an intelligent approach to cut down the greenhouse gas emissions in the country.
Electric vehicles are bringing silent revolution in India
While, addressing the event to celebrate 40 years of Suzuki Motor Corporation in India held at Mahatma Mandir in Gujarat, PM Modi laid the foundation stone of Suzuki EV battery plant for Hansalpur, Gujarat and Maruti Suzuki vehicle manufacturing plant for Haryana. Bhupendra Patel, the chief minister of Gujarat, and Osamu Suzuki, the CEO of Suzuki Motor Corporation, were both present to attend the event.
PM Modi highlighted that, the success of Maruti-Suzuki is a great example of strong India-Japan tiers. In addition, the last eight years the relationship between the two countries have elevated. He also honored the late Japanese PM Shinzo Abe for his efforts to make the relationship between the two countries stronger. In addition, the present Japanese PM Fumio Kishida have also given support for strengthening the ties.
In COP-26 (the climate summit), India declared that it would generate 50% of its installed electricity capacity from non-fossil sources by 2030. He also stated that to increase the demand of electric vehicles in India, relaxation in taxes is given and also loan availability is made more accessible. Government is also making efforts on both demand and supply of EV ecosystem.
Over 125 Japanese companies are operating in Gujarat, in fields ranging from the automotive to the biofuel industries. “Electric vehicles are bringing a silent revolution in India. India doesn’t consider electric vehicles as extra vehicles but a necessary step,” he added.
The other key statements he made includes, India has made the decision to meet its own energy needs for the next 25 years. That means India seeks to be aatmanirbhar (self-reliant) in the energy sector during the ‘amrit kaal’ of the next 25 years. PM Modi believes transportation sector is one of the vital factor to achieve, as it is one of the most energy consuming sector in the country.
With an estimated investment of Rs. 7,300 crore, the Suzuki Motor Gujarat Electric Vehicle Battery Manufacturing Facility would be built in Hansalpur, Gujarat, to produce Advance Chemistry Cell batteries for Electric Vehicles. One of the largest passenger vehicle production facilities at a single site in the world, the vehicle manufacturing facility in Kharkhoda, Haryana, will have the capacity to produce 10 lakh passenger vehicles annually. Over Rs. 11,000 crore would be invested to start the project’s first phase.