India's Electric Vehicle Revolution: A Meeting of Industry Titans

Stakeholders from the electric vehicle sector will meet with Commerce and Industry Minister Piyush Goyal to address infrastructure concerns related to charging and battery swapping. Despite government incentives to attract global manufacturers, no company has yet utilized these benefits. India's EV market is booming, projected to grow exponentially by 2030.

Industry leaders in the electric vehicle (EV) sector are scheduled to convene with Commerce and Industry Minister Piyush Goyal on January 3 to discuss pressing infrastructure issues such as charging stations and battery swapping, according to sources.

The meeting will be attended by officials from the Department of Heavy Industries and representatives from major companies, including Tata, Mahindra, Mercedes-Benz India, and Hero MotoCorp.

As the government attempts to position India as a hub for EV manufacturing through policy incentives, including reduced import duties for initial investments, the country's fast-growing EV market continues to attract attention from global players, aiming for substantial growth by 2030.

(With inputs from agencies.)