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1-min read

Sales Volume of EVs Important than Subsidy for Localisation of Parts: Maruti MD

Maruti Suzuki MD Kenichi Ayukawa believes that hybrid vehicles must also be encouraged to drive volumes for easier localisation of components.

PTI

Updated:May 16, 2019, 2:33 PM IST
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Sales Volume of EVs Important than Subsidy for Localisation of Parts: Maruti MD
Representational purpose. (Image: TeampBHP)
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Sales volume of electric vehicles is more important than a subsidy for localisation of parts and the automobile industry must find ways on how to generate demand across segments, Maruti Suzuki India MD and CEO Kenichi Ayukawa said Wednesday. Speaking at an event here, he said hybrid vehicles which have common components like battery, motor, inverter with EVs, must also be encouraged to drive volumes for easier localisation of components.

"The largest factor which can help localisation is volumes. Volumes are more important than the subsidy itself," Ayukawa said. He further said, "So, we need to deliberate in every vehicle segment like commercial vehicles, passenger vehicles, two-wheelers and three-wheelers on how to generate volumes." In the commercial vehicle segment, if state transport corporations can be requested to encourage electric buses, the volume will go up, he noted.

"In cars, the components like battery, motor, inverter etc, are common to electric vehicles, strong hybrid electric vehicles and plug-in hybrid electric vehicles. If we also encourage hybrid vehicles then the volume of these core components goes up," Ayukawa said. Under FAME-II scheme, which comes with a Rs 10,000-crore outlay to encourage adoption of electric and hybrid vehicles, the government has made it mandatory for EV manufacturers to use locally made key auto components to avail subsidy benefits.

However, EV manufacturers are against the move and have asked the government to consider doing away with the 50 per cent localisation condition for availing EV incentives.
FAME, which was introduced on 1 April 2015, entered its second phase (FAME-2) in April 2019.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Anirudh SK
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