Nitin Gadkari Announces India’s Plans to Export Lithium-Ion Batteries and Boost EV Market
Union Minister of Road Transport Highways, Nitin Gadkari, announced that India will soon be able to export lithium-ion batteries. Speaking at the Society of Indian Automobile Manufacturers (SIAM’s) 64th convention in New Delhi, Gadkari expressed confidence in India’s growing capabilities in battery manufacturing.
He mentioned that companies like Adani, Tata, Maruti, LG, and Samsung are entering the lithium-ion battery business. Gadkari also highlighted the government’s successful policies in semiconductor manufacturing, predicting India will lead globally in this sector within a few years.
Gadkari projected that India’s electric vehicle (EV) market could grow to one crore units annually by 2030, creating five crore jobs and potentially reaching a market value of Rs 20 lakh crore. He urged the industry to focus on quality, better designs, and the latest technology to compete globally and boost exports.
To support this growth, the government is establishing a world-class testing agency in Pune with a sanctioned cost of Rs 450 crore. This facility will provide comprehensive services to the industry, enhancing research and development.
Gadkari also called on the automobile industry to support the government’s scrappage policy, which aims to promote the scrapping of old vehicles. He noted that vehicle manufacturers in the USA and Europe have increased sales by promoting such policies. He thanked the industry for offering a 3 percent discount to vehicle owners who scrap their old vehicles, which could reduce component costs by 20-40 percent.
In his remarks, Gadkari emphasized the automobile industry’s crucial role in achieving the Prime Minister’s vision of transforming India into a 5 trillion-dollar economy and the third largest economy globally. He stressed the importance of innovation and sustainable practices in the auto sector to reach a carbon-neutral status by 2070.
Doubts Revealed
Nitin Gadkari -: Nitin Gadkari is a politician in India. He is the Union Minister for Road Transport and Highways. He makes important decisions about roads and transportation in the country.
Lithium-Ion Batteries -: Lithium-ion batteries are a type of rechargeable battery. They are used in many devices like mobile phones, laptops, and electric vehicles (EVs). These batteries store energy and can be charged many times.
EV Market -: EV stands for Electric Vehicle. The EV market refers to the buying and selling of electric cars and bikes. These vehicles run on electricity instead of petrol or diesel.
Adani, Tata, Maruti -: Adani, Tata, and Maruti are big companies in India. Adani is known for its work in energy and infrastructure. Tata makes cars, steel, and many other things. Maruti is famous for making cars.
SIAM -: SIAM stands for Society of Indian Automobile Manufacturers. It is an organization that represents car and bike makers in India. They work to improve the automobile industry.
One Crore Units -: One crore is a large number in India, equal to 10 million. When we say one crore units, it means 10 million electric vehicles.
Five Crore Jobs -: Five crore jobs mean 50 million jobs. This is a very large number of job opportunities that could be created in the future.
World-Class Testing Agency -: A world-class testing agency is a place where products are tested to make sure they are of high quality. In this case, it will test electric vehicles and their parts to ensure they are safe and work well.
Pune -: Pune is a city in the state of Maharashtra, India. It is known for its educational institutions and growing industries.
Scrappage Policy -: The scrappage policy is a plan to remove old and polluting vehicles from the roads. It encourages people to scrap their old vehicles and buy new ones, which helps reduce pollution and boosts car sales.