IBEF: November 15, 2021
Skoda Auto plans to locally manufacturing its electric cars in India. Though, the firm is considering to bring in its first EV, the Enyaq, through the CBU route, earlier to committing to local manufacturing.
According to Mr. Thomas Schaefer, CEO, Skoda Auto, India will be a major market for green vehicles. By the end of this decade, 30% of Skoda and Volkswagen's local portfolio would consist of of EVs. To attain this, the firm would have to emphasis on localization of parts and that would consist of setting up cell factories.
He stated that the government must permit companies to test the market with global products and that can only be feasible if import duties are lowered. Mr. Schaefer thinks that EVs shouldn't be fined until they are localized in India.
Currently, Tata Motors is the leader of the EV race in India. The Nexon EV has been its best-selling model. MG, Hyundai and Mahindra also have strategies to launch more affordable EVs in the future.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.