On Tuesday, Nitin Gadkari, the Union Minister of Road Transport and Highways, declared that India will soon be able to export lithium-ion batteries. “I’m confident that we’ll be in a position to export lithium-ion batteries to the different parts of the world,” the Union Minister said, addressing the 64th convention of the Society of Indian Automobile Manufacturers (SIAM) in New Delhi. Concurrently, the investigation is underway. Ironic oil, aluminum, and many forms of chemistry. There is a sizable demand for it, and I think it’s also a positive thing.”
According to Nitin Gadkari, several Indian companies are entering the lithium-ion battery manufacturing market thanks to government initiatives and incentives.
“The good news is that Adani, Tata, Maruti, LG, and Samsung are now involved in lithium-ion manufacturing. They are all entering this industry. We will lead the world in chip manufacturing in two to three years because…take the example of semiconductors, which the government adopted as such a good policy,” he stated.
Furthermore, Nitein Gadkari said that by 2030, the EV market in India is projected to generate five crore employment and reach a sales volume of one crore units annually. By 2030, the Indian EV market could grow to be worth ₹20 lakh crore. If the industry wants to compete in the market and increase exports, Nitin Gadkari encouraged them to put more emphasis on quality, better designs, and the newest technologies. Nowadays, quality is a concern for customers.
To improve research and testing on automobile manufacture, the government is establishing a testing organization. The sanctioned expenditure of ₹450 crore would be used to develop the CIIT Training Institute in Pune.