The electric vehicle segment is a big opportunity for Indian manufactures and they should look at not only producing such models for domestic market but also exports, Niti Aayog Chief Executive Officer Amitabh Kant said on Wednesday.
Speaking at the inaugural session of the ‘Entrepreneur 2019’, Kant also emphasised on the road map to make India a $ 10-trillion economy by 2030. “Electric vehicles are a sunrise opportunity as India has over 72 per cent two-wheelers; our endeavour should be to make these electric, and also manufacture EVs for the world, in India,” Kant said.
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The Niti Aayog has proposed that two-wheelers below the capacity of 150cc sold in the country after March 31, 2025, should be electric ones only. It has also proposed that three-wheelers sold in the country should be electric ones only after March 31, 2023. Commenting on the growing the size of economy, he said start-ups and entrepreneurship were important factors going ahead.
“India needs to grow at the rate of 9-10 per cent per annum to lift the majority of our population above the poverty line. And, this growth will not be possible unless we grow entrepreneurship,” Kant said. Globalisation and urbanisation are set to be at the forefront of this growth, he added.
Source: The Hindu BusinessLine
