Subhabrata Sengupta, Executive Director at Avalon Consulting, shared his views with Autocar Professional on maturing EV ecosystem in India and a need for demand generation.
In this article, Subhabrata explained that the transition from FAME II to FAME III incentives will keep EV demand growing, while also encouraging investments in cell manufacturing. Currently, there are no cell manufacturers in India, and a cost-effective plant would need to produce 15-20 GWh to meet demand. FAME III will play a crucial role in driving competition in the downstream market and enabling India to achieve scale and become a technology leader.
