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According to Liz Lee, Associate Director at Counterpoint Research,
“Government initiatives such as the
All this not only opens doors for
“It is a clear sign that India’s journey to become a major player in the global
The EV ecosystem is in a fairly nascent stage.
“While the conventional automobile manufacturing ecosystem is mature, the building blocks for a robust smart car manufacturing ecosystem, from the battery to infotainment to sensors to full ADAS/ADS, beckon,” said Research Vice President Neil Shah.
“This would span from the likes of Qualcomm and MediaTek designing and offering advanced auto components to BlackBerry providing safety and security software, to Foxconn reducing barriers for new entrants to India with its innovative MIH consortium-based ‘localised’ design and manufacturing model,” Shah explained.