Page 24 - MMI_-- JulyAug2021 (single)

ies and reduce dependence on
imports. It aims to support the
growing EV industry with the
required infrastructure and
will significantly cause a reduc-
tion in the cost of EVs. Many
Source: Hexagon Manufacturing Intelligence, India enting new investments into
leading battery producers like
Amara Raja Batteries are ori-

green technologies including
lithium-ion batteries.
Still, the challenge is going to
be in the natural resources
required to make lithium-ion
batteries, such as nickel, cobalt,
lithium and graphite. India is
buildout to consumer behavior. There is every expectation that not home to such materials.
Charging
stations Are there enough charging the policy environment will be- Hence, most of them must be
have also stations, for example, and is come more favorable. Over the imported. As such, good pol-
been on the production of lithium-ion years, we have already seen a lot icies for robust collaboration
the upward batteries ramping up to match of commitment from the Gov- with the nations that produce
trajectory. the manufacturing of EVs? ernment without which any ini- these materials is crucial. We
In January
2020, the The supercharging of EVs is tiative on EVs would not pick up. have also seen that globally the
Department akin to a jigsaw puzzle where The second jigsaw piece is sus- reserves are good enough to
of Heavy every piece must be placed per- tainable manufacturing of EV address the demand for these
Industries fectly for the whole picture to batteries. India is likely to be- kinds of materials.
(DHI) of come together. come a leading hub for man- At the same time, to be sure,
India ap-
proved over The first puzzle piece is most ufacturing EVs and EV com- the mining of the rare earth
2,500 elec- certainly a policy environment ponents. The Government has materials used in batteries pose
tric vehicle in which EV players can thrive, rolled out a Production-Linked a risk to sustainability. Lithi-
charging and in which EVs are encour- Incentive Scheme (PLI) for ACC um production, for example, is
stations aged as a transformation of the Battery Storage Manufacturing. of environmental concern as
nationwide
under the traditional internal combustion This will go a long way to spur the demand for batteries soars.
second engine (ICE) cars. domestic production of batter- Australia and South America,
phase of
the FAME
program
in order to
continue
promoting
e-mobility.

Source: Hexagon Manufacturing Intelligence, India

24 | July-August 2021 Modern Manufacturing India