Greater Noida, 12th January 2023: Among the huge range of elaborate events hosted on the second day of Auto Expo 2023, the Society of Indian Mobile Manufacturers (SIAM), the apex automotive industry body organized the 2nd Global Electrification Mobility Summit (GEMS), themed “Vidyutikaran – Mapping India’s Pathway to Electrification”. Witnessing participation from many foreign and Indian delegates, the summit hosted six countries as ‘Guest Countries’ – USA, Korea, Sweden, Israel, United Kingdom & European Union. The event was further graced by stalwarts from ministries, national & International banks & NBFCs, International guest speakers, secretaries and transport commissioners of various states, and EV ecosystem stakeholders including battery manufacturers.
The Summit was supported by industry associations from across the globe including the European Union and industry associations from India, such as ACMA and CII. 2nd edition of GEMS 2023, Mr. Sushant Naik, Chairman, SIAM E-Mobility Group and Global Head – Govt. & Public Affairs, Tata Motors, said, “To battle climate change issues, many countries have set net zero targets. India has committed to achieve net zero by 2070. Considering that the transport sector contributes to around 80% of air pollution, the primary focus should be to make zero emission vehicles in India.
Mr. Vinod Agarwal, President of SIAM, said, “The Auto industry has a huge contribution to the country’s GDP, but it is also responsible for 30 percent of all greenhouse emissions. As such, it is imperative to reduce carbon intensity by 45 percent by 2025, in line with PMs vision of decarbonisation. Electrification is a key step if we are to achieve India’s goal of decarbonisation. The FAME 1 and FAME 2 scheme, PLI scheme has played a significant role in pushing the adoption of EVs in India. In fact, 70,000 EV two-wheelers have already been sold.”
The EV Finance Session, themed “Financing the xEV revolution in India” waschaired by Ms. Suman Mishra, Co-Chairperson, Electric Mobility Group, SIAM and CEO, Mahindra Electric. The panel included Mr. Gerald Ollivier, Lead Transport Specialist, South Asia Transport, The World Bank, Mr. Xitij Kothi, Co-Founder, New age players – Vidyut Tech, Ms. Mahua Acharya, MD Convergence Energy Services Limited (CESL), Mr. Raul Rebello, COO MMFSL, NBFC – Mahindra Finance, Mr. Mohammed Turra, Senior Vice President, Head of Leasing & Subscription Business (Quiklyz), Mahindra Finance.
The panellists discussed about the new sustainable technologies emerging in the electric mobility ecosystem, changing financial dynamics in this space, financing options, and the need for circular economy. The Session was moderated by Ms. Alisha Sachdev, Assistant Editor, Mint.
The panel included Mr. Vinod Aggarwal, President, SIAM and CEO & MD, Volvo Eicher Commercial Vehicles, Mr. Shailesh Chandra, Vice President SIAM and Managing Director, Tata Motors Passenger Vehicle Ltd and Tata Passenger Electric Mobility, Mr. Eric Vas, President(Electric Vehicles), Bajaj Auto Ltd, Mr. Diego Graffi, Chairman, SIAM 3W CEOs Council, Chairman & Managing Director, Piaggio Vehicles, and Mr. Swadesh Srivastava, Head-EMVU, Hero Moto Corp Ltd.
The last session was concluded with unveiling the vision behind the theme VIDYUTIKARAN (विद्युतीकरण) strategy for electrification. The key elements of the strategy are Ecosystem development including customer awareness, securing raw material suppliers, optimizing costs including financing costs, Localisation of components including batteries, Development of Charging infrastructure and Regulations for EVs, including incentives for adoption. SIAM, with this strategy, is fully committed to developing electric mobility in India and will keep working with all the relevant stakeholders to fulfil India’s sustainability promises.
The 2nd Edition of the Summit succeeded in its endeavour to create a platform to bring everyone on board to take the journey of electrification forward in its true sense. Over the years, SIAM has been engaging with governments, corporates, and stakeholders in