Electric Vehicles in India – challenges &

opportunities

Availability and awareness of EVs Small formats

MileageCharging time

Safety

Incentives, subsidy policyGovt. purchases of EVs

Creation of charging infrastructure

Low running costLower TCO as compared to ICE vehicles

Business drivers for the EV in India

Technology maturity

2

Hi Hi

Lo LoLo Hi

Volume

Quality / Tech.

Price

3-5 years 5 -10 years

Desired position for

the industry

Early

adopters

Industry reaches

critical mass

Early

majority

Late

majority

Innovators

EV adaption in India

3

O

1

2

3

OEM-Car maker

Technology Company

Critical parts supply line e.g.

battery

Car making or contract

manufacturing

Energy Management –charging infra,

grid management

etc.

Mobility

Data

Energy

Solution provider

EV - a paradigm change for the automotive

Tier

Tier

Tier

Traditional OEM New age OEM

4

Advantages of our EVs : usage in logistics supply chain

Producer/Supplier End CustomerFulfillment centerSorting center

Entire Middle and Last mile is replaced by EV

As of now situation :

delivery is done by heavy trucks .

Last mile by 2 wheelers

5

Advantage of EV in e-commerce business

Economic benefits and EV applications -example

Reefer box

Garbage carrier

3 Wheeler EV offers a cost advantage of around 15-20% over its IC engine counterpart

`

INR

Category Description Challenge Remarks

1. Technology Vehicle engineering Medium Vehicle needs to be designed around battery.

2.

Parts

Battery High Selection of chemistry, batterymanagement over life cycle.

3. Motors, controller, drivetrain

Medium Efficiency of motor and drivetrain are critical areas.

4. Power electronics Medium Power electronics design customised to EV.

5. Others Low Body parts etc.

Challenges for the EV : Supply side

7

Category Description Challenge Remarks

1. Technology Charging stations

High High cost of infrastructure.

2.

Economic

Financing High High interest cost, low priority.

3. After sale, dealership etc.

Medium Cost of traditional dealership model will be high in EV.

4. Govt. policies & external

factors

Low Concern areas : Lack of clarity from state to state, RTO level.

Subsidy claim etc.

Challenges for the EV : Demand side

8

9

Our revenue streams

Batteries VehiclesCharging Stations

Complete tech. solutions

Opportunities in EV mobility solutions

Opportunity size is more than $500 Bn.It is also an excellent opportunity to create

a global EV parts industry hub in India.

• Adopt vehicle engineering approach not assembler.

• Create a robust technology supply chain.

• Technology should be platform agnostic.

• Disrupt the market with innovative technology.

• Attract talent and investment.

For a successful EV business model