SIAM hosts 3rd edition of the Global Electrification Mobility Summit

  • Industry News
  • Feb 08,24
The Society of Indian Automobile Manufacturers (SIAM) hosted the 3rd Global Electrification Mobility Summit (GEMS) on the second day of the Bharat Mobility Global Expo 2024 at Pragati Maidan.
SIAM hosts 3rd edition of the Global Electrification Mobility Summit

The Society of Indian Automobile Manufacturers (SIAM) hosted the 3rd Global Electrification Mobility Summit (GEMS) on the second day of the Bharat Mobility Global Expo 2024 at Pragati Maidan. The Summit themed ??????????? (Electrification): Electrifying India’s Journey towards Sustainable Mobility succeeded in its endeavour to create a platform, bringing everyone on board to take the journey of electrification forward in its true sense. With this, SIAM engaged with governments, corporates, and stakeholders to address environmental issues, aligning with its objective of building the nation responsibly.

In his address, Chief Guest Kamran Rizvi, Secretary, the Ministry of Heavy Industries said, "I compliment SIAM for organising this meeting on electrifying India's journey; it is a timely initiative. Disruption is happening in electric vehicles and our automakers have performed brilliantly over the years. Government initiatives like PLI and FAME have forced people to think differently and created opportunities. Today, we are at a transition point, and this is our opportunity globally. We are willing to sit down with the industry and create a 10-year blueprint for the auto industry to understand the global market, produce global-quality products, create synergies within the industry, and promote R&D, to leave a mark on a global level."

Sharing his thoughts, Vivek Kumar Dewangan, Chairman & Managing Director, Rural Electrification Corporation said,” India is one of the few G20 countries that kept its commitment to reducing its emissions intensity of the GDP. When we look at greenhouse gas emissions, the major contributor is the transportation sector. This sector, along with electric mobility, will play a role in bringing down emissions.”

Talking about EV expansion in the country, Sudhendu J Sinha, Advisor, NITI Aayog shared, "The government is committed to expanding EVs in terms of manufacturing and battery infrastructure. A huge commitment to research and innovation can take the purpose of electric mobility ahead. I am confident that industry, academia, researchers, and thought leaders will propel it forward."

Dr Hanif Qureshi, Additional Secretary, Ministry of Heavy Industries, added, “We are part of the grand vision of our PM Narendra Modi to see our country as a developed nation. The auto sector is a significant part of the economy, and its contribution is set to grow. In the FAME scheme in the last 10 years, there has been growth promoting the accelerated development of electric vehicles. We have a task before us, and collaborative efforts from all stakeholders are required."

Addressing the gathering, Vinod Aggarwal, President SIAM, and MD & CEO, VECV said” The last year, 2023, has been a good year for the auto sector. The industry is set to grow even faster, leading the overall economic growth. The Prime Minister has given the vision of 'Panchamrit' and the auto industry is working in tandem to meet India’s sustainability objective. FAME 1 and 2 have helped push the electrification agenda and with tremendous support from the government and initiatives from the industry, we are moving towards the electrification of the automotive industry.”

The event commenced with a special session titled 'Pivoting ways for the growth of electrification in Amritkaal of India' and was moderated by Prashant K Banerjee, Executive Director, SIAM.

Sharing his thoughts, Sushant Naik, Chairperson SIAM Electric Mobility Group & Global Head, Govt & Public Affairs, Tata Motors said, "The global megatrend called 'net zero' is driving the world now. The transport sector contributes 18% to CO2 emissions, hence the buzzword is EV penetration. The world is aggressively moving towards electric vehicles. India has taken a very holistic approach to EVs with government support. We will see the dream coming true of 30% EVs by 2030." 

The session was followed by a panel discussion on ‘Navigating the landscape of e-mobility future in India.’

K N Radhakrishnan, Chairman, SIAM 2W CEOs Council and Director & CEO, TVS Motor said, "I would like to thank the government for the PLI and Fame schemes that have kick-started the EV transformation. The most important aspect is technology and continued support from the government is necessary. Investment in technology development, supply chain, and assistance in building a talent pool are important. EV presents a huge opportunity, and India can become a significant exporter.”

Speaking during this session, Niranjan Gupta, CEO, Hero MotoCorp, added, "EV is a marathon, not a 100-meter sprint. It's not just about sustainability but also affordable mobility. Collaboration is the only way forward in the EV chain. I want to thank the government for actively promoting localisation through the PLI and Fame schemes. We need to focus on bringing the price down and making EVs available and affordable for more people."

Speaking during this session, Amit Kalyani, Joint Managing Director, Bharat Forge, said, “India should diversify advance chemistry cell options and reduce dependency on only one type of fuel cells of electric mobility.”

The event hosted another thought-provoking session on ‘Policy, Regulatory Support and Enabler to Accelerate Electric Mobility by Strengthening Charging Infrastructure Solutions & Standardisation and Global Insights on E-Mobility: EV Strategies and Imperatives for India.' It was moderated by Suman Mishra, Co-Chairperson SIAM Electric Mobility Group and MD & CEO, Mahindra Last Mile Mobility.

Sharing his thoughts, Edwin Bastiaensen, Secretary General, IMMA said, "To work on electrified mobility, we need to share challenges and work together to solve issues. I think India has a huge opportunity in this sector as it is an exporter to lower and medium economy countries. “

Akash Passey, President, ZF Group India added, "The entire EV ecosystem is undergoing a change. We have evolved our transportation and the coming years will make it completely electric. Earlier, whatever was made in India was considered basic, but today is different. We want to be the best and meet the standards that can be exported to other parts.”

Talking about EV financing, Sameer Aggarwal, CEO, Revfin, added, "The challenges that we face with electric vehicles are because the segment is not fully developed, including the non-existence of a secondary market and the availability of infrastructure for financing EVs. We can create partnerships between all stakeholders to mitigate all risks associated with the financing of EVs."

Further, Animesh Sinha, Chief of Marketing & Sales (Automotive & Special Products), Tata Steel shared, "Recycle and reduce need to be focused upon for India to move towards green steel production. OEMs, consumers, and the government have to play a collaborative role in this transition.”

Amit Bhatt, Managing Director, The International Council on Clean Transportation (ICCT) said, "If we have to achieve net zero by 2070, we have to think about how we can deliver to this target. I think this target relies on the decarbonisation of the transportation sector, and electrification is the way forward."

Later, V Manjunath, UL Standards & Engagement on ‘Global best practices & standardisation for EV Batteries and imperatives for India,’ said, "For us to adopt a sustainable approach in India, we have to look at the global standards that have been established and consider how to adopt them.”

Pawan Mulukulta, Executive Director, WRI India shared, "Charging for two-wheelers with standardisation of connectors, and an open digital network for customers to access charging and awareness, especially related to charging infrastructure, can help penetrate the electric two-wheeler and three-wheelers in India.

Ravindra Mohan, Director, Chargezone shared about the challenges and constraints on expanding the charging ecosystem in the country and suggested ideas on how it can be debottlenecked with certain measures.

Towards the end, Prashant K Banerjee, Executive Director of SIAM, delivered his concluding remarks and said,” This marks the era of a new India, with the auto industry at the forefront of its growth. The sector holds a pivotal position in the journey towards decarbonisation and sustainable mobility. Through this event, SIAM's endeavours to involve the industry, policymakers, and stakeholders will play a vital role in realising India's sustainability goals, aiming for net-zero emissions by 2070.”

The successful organisation of the 3rd edition of GEMS showcased SIAM’s commitment to promoting electric mobility in India and its dedication to working with all relevant stakeholders to fulfil India’s sustainability promises. The event concluded on a high note, facilitating a rich and insightful exchange of ideas, best practices, and strategies.

Related Stories

Auto & Auto Components
VE Commercial Vehicles announces joint venture with iTriangle Infotech

VE Commercial Vehicles announces joint venture with iTriangle Infotech

The joint venture aims to strengthen VECV's surround-service portfolio for Eicher truck and bus customers, enhancing its ability to address the rapidly evolving people and logistics ecosystem in Ind..

Read more
Auto & Auto Components
Electric vehicle sales in India zoom

Electric vehicle sales in India zoom

Backed by supportive government policy and low running costs, sales of electric vehicle (EV) grew across all segments in India in 2023, says Bloomberg New Economy Forum report.

Read more
Auto & Auto Components
Will new EV policy pave way for Tesla in India?

Will new EV policy pave way for Tesla in India?

While the new Electric Vehicle (EV) policy aims to promote EV manufacturing in India, there could be some risk to a few of the upcoming high-end SUV models and imported luxury vehicles, says Rakesh ..

Read more

Related Products

Tata Motors unveils facilities for development of Hydrogen propulsion tech

AUTO COMPONENTS & ACCESSORIES

Tata Motors, India?s largest automobile company, unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions. The unveilings constitute of Read more

Request a Quote

Tata Motors plans petrol powertrain for Harrier and Safari SUVs

AUTO COMPONENTS & ACCESSORIES

Tata Motors is in the process of developing a new petrol powertrain for its premium sports utility vehicles, the Harrier and Safari, as confirmed by a senior company official. Currently, these models Read more

Request a Quote

Electric Vehicle Charger

AUTO COMPONENTS & ACCESSORIES

RRT Electro is engaged in manufacturing of customized Power Electronic Products over two decades having capability to Design, Develop, Prototyping, Regulatory Compliance testing & Certification, Manuf Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back