India Takes a Giant Leap Towards Green Mobility with the Inauguration of Suzuki's First Made-in-India Global Strategic Battery Electric Vehicle

Strategic Insights -

India is rapidly emerging as a leading player in the global green mobility sector, with Prime Minister Narendra Modi inaugurating two historic milestones at Suzuki Motor plant in Hansalpur, Ahmedabad. The Prime Minister flagged off the "e VITARA", Suzuki's first global strategic Battery Electric Vehicle (BEV), marking a significant leap towards the shared goal of "Make in India, Make for the World." Additionally, the Prime Minister inaugurated the next phase of India's battery ecosystem with the start of local production of hybrid battery electrodes at TDS Lithium-Ion Battery plant in Gujarat.

Key Takeaways:

  • India is poised to become a global hub for green mobility, with the Made-in-India BEVs set to be exported to over 100 countries, including advanced markets such as Europe and Japan.
  • The local production of hybrid battery electrodes at TDS Lithium-Ion Battery plant in Gujarat ensures that more than 80% of the battery value will be manufactured within India.
  • The inauguration of Suzuki's first global strategic BEV, e VITARA, marks a significant milestone in India's journey towards becoming Aatmanirbhar (self-reliant) in the field of green energy.
  • The Prime Minister highlighted India's unique strengths, including its democracy, demographic advantage, and large pool of skilled workforce, which make it an attractive destination for global manufacturers.
  • India is shifting its focus towards futuristic industries, with the semiconductor sector taking off, and six plants set to be established across the country.
  • The Government of India is launching the National Critical Mineral Mission to strengthen national capabilities in identifying critical minerals, such as rare earth magnets.
  • The Prime Minister emphasized the need for companies like Maruti Suzuki to actively participate in initiatives promoting youth exchange programs and people-to-people connect.

Statistics:

  • India's electronics production has increased by nearly 500% in the past decade.
  • Mobile phone production has surged by up to 2,700% compared to 2014.
  • Defence production has witnessed growth of over 200% in the past decade.
  • More than 1,200 exploratory campaigns will be conducted across various locations in India to identify critical minerals under the National Critical Mineral Mission.
  • Suzuki Motor Corporation is manufacturing in India, with the Made-in-India BEVs being exported to over 100 countries, including advanced markets such as Europe and Japan.
  • The TDS Lithium-Ion Battery plant in Gujarat will produce hybrid battery electrodes locally, ensuring that more than 80% of the battery value will be manufactured within India.

Sources:

  • The Government of India
  • Prime Minister Narendra Modi's speech at the inauguration of Suzuki's first global strategic BEV
  • The Hindu
  • Press Information Bureau (PIB) Delhi
  • The Economic Times