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Innovation is critical for India’s evolving EV ecosystem","opinion-innovation-is-critical-for-indias-evolving-ev-ecosystem","article/opinion-innovation-is-critical-for-indias-evolving-ev-ecosystem",{"_uid":557,"date":558,"tags":559,"editor":566,"content":576,"excerpt":742,"featured":50,"reporter":743,"_editable":747,"component":748,"seo_title":553,"categories":749,"visibility":756,"author_company":757,"featured_image":758,"seo_description":742,"author_full_name":763,"author_job_title":764,"formattedDate":765,"formattedArticleDate":766},"05a69a9d-91f8-4c4e-8bc5-53e1565477d1","2023-03-10 00:00",[560,563],{"slug":561,"name":562},"india","India",{"slug":564,"name":565},"opinion","Opinion",[567],{"slug":568,"name":569,"content":570},"matthew-bird","Matthew Bird",{"job_title":571,"image":572,"bio":574,"linkedin":575},"Senior Editor - Supply Chains & Data Visualisation",{"filename":573},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":577,"content":578},"doc",[579,586,601,614,619,624,631,636,641,654,659,664,669,674,679,684,689,694,699,704,709,714,719,732,737],{"type":580,"attrs":581,"content":582},"paragraph",{"textAlign":49},[583],{"text":584,"type":585},"Amidst the decisive push towards green energy and sustainable industrial practices, India is forging ahead on the path of clean, cutting-edge mobility – and electrification remains at the forefront of this pursuit. ","text",{"type":580,"attrs":587,"content":588},{"textAlign":49},[589,591,599],{"text":590,"type":585},"India’s recently released Economic Survey has re-emphasised the pivotal function of the automotive sector in ushering in the green revolution, positing an astounding growth rate of 49% for the domestic ",{"text":592,"type":585,"marks":593},"electric vehicles market",[594],{"type":595,"attrs":596},"link",{"href":597,"uuid":49,"anchor":49,"target":49,"linktype":598},"https://source.benchmarkminerals.com/article/electric-scooters-to-dominate-indias-roads-by-2025-ola-says","url",{"text":600,"type":585}," between 2022-2030. ",{"type":580,"attrs":602,"content":603},{"textAlign":49},[604,606,612],{"text":605,"type":585},"With the 1 crore (10 million) unit production estimate for EVs in India in 2030, it seems like a more apt time than ever to evaluate key levers of evolution and expansion within the ",{"text":607,"type":585,"marks":608},"industry",[609],{"type":595,"attrs":610},{"href":611,"uuid":49,"anchor":49,"target":49,"linktype":598},"https://source.benchmarkminerals.com/article/indias-ev-prices-need-to-drop-to-6000-to-hit-tipping-point-godi-says",{"text":613,"type":585},". ",{"type":580,"attrs":615,"content":616},{"textAlign":49},[617],{"text":618,"type":585},"Customer enthusiasm is on a veritable rise, propelled by eco-consciousness, awareness of the myriad advantages of EVs such as better operating costs and ease of fuelling, and significant advancements with respect to pain points such as range anxiety and limited charging infrastructure. ",{"type":580,"attrs":620,"content":621},{"textAlign":49},[622],{"text":623,"type":585},"Against this backdrop, auto players must push the pedal on diversifying their offerings, embracing innovation on a fundamental level, and delivering competitive, future-first products.",{"type":625,"attrs":626,"content":628},"heading",{"level":627,"textAlign":49},4,[629],{"text":630,"type":585},"Innovation needs to happen from the beginning",{"type":580,"attrs":632,"content":633},{"textAlign":49},[634],{"text":635,"type":585},"The ethos of innovation must be inculcated from the very basics to the finishing processes. EV battery technology, at the core level, offers important innovations. ",{"type":580,"attrs":637,"content":638},{"textAlign":49},[639],{"text":640,"type":585},"The government’s production-linked incentives (PLIs) for batteries with advanced chemistries will further spur the drive within automakers to innovate. This means incremental improvements at a chemical level can help build batteries that are inexpensive, light, and energy dense.",{"type":580,"attrs":642,"content":643},{"textAlign":49},[644,646,652],{"text":645,"type":585},"Similarly, in addition to our core technology, our production, distribution, and consumption mechanisms can also be streamlined. A resilient ",{"text":647,"type":585,"marks":648},"supply chain",[649],{"type":595,"attrs":650},{"href":651,"uuid":49,"anchor":49,"target":49,"linktype":598},"https://source.benchmarkminerals.com/article/india-is-far-behind-in-race-to-build-battery-supply-chain-epsilon-says",{"text":653,"type":585}," will go a long way in supporting the EV ecosystem. ",{"type":580,"attrs":655,"content":656},{"textAlign":49},[657],{"text":658,"type":585},"Meticulous research on composite materials, innovations on the assembly line, and thoughtful technological and design alternatives to overcome raw material shortage would all be significantly helpful. Cultivating indigenous capacity for components such as semiconductors or batteries will help gradually overcome import dependence. ",{"type":580,"attrs":660,"content":661},{"textAlign":49},[662],{"text":663,"type":585},"A supply chain and ecosystem for electric mobility must, additionally, also be in line with progressive goals of digitization and sustainability. ",{"type":580,"attrs":665,"content":666},{"textAlign":49},[667],{"text":668,"type":585},"This means we can deliver enhanced customer experiences and boost product efficiency by relying on advanced technologies like artificial intelligence (AI) and the Internet of Things (IoT). ",{"type":580,"attrs":670,"content":671},{"textAlign":49},[672],{"text":673,"type":585},"The use of a robust virtual framework can help visualise internal processes across the supply chain seamlessly, while circular manufacturing and recycling can help protect the environment and save costs. ",{"type":625,"attrs":675,"content":676},{"level":627,"textAlign":49},[677],{"text":678,"type":585},"Digital-first, innovation-focused",{"type":580,"attrs":680,"content":681},{"textAlign":49},[682],{"text":683,"type":585},"Digitization is as fundamental a feature of future-first mobility as electrification. ",{"type":580,"attrs":685,"content":686},{"textAlign":49},[687],{"text":688,"type":585},"Connected EVs can significantly elevate safety, allowing customers to track its productivity, keep track of vehicle vitals, and help navigate roads in real time. Further, data gathered from the connected database on driving patterns can also help optimize battery life and vehicle efficiency. ",{"type":580,"attrs":690,"content":691},{"textAlign":49},[692],{"text":693,"type":585},"Another exciting development on the virtual front pertains to digital automotive twins, or virtual reproductions of real cars that have all of a genuine car’s components, including its physical body, software, and mechanics. ",{"type":580,"attrs":695,"content":696},{"textAlign":49},[697],{"text":698,"type":585},"Digital twins open up a wide range of opportunities for manufacturers, enabling them to evaluate manufacturing capabilities, train staff, and analyse real-time failure modes based on client usage patterns.  ",{"type":580,"attrs":700,"content":701},{"textAlign":49},[702],{"text":703,"type":585},"Smart charging, which involves the EV and the charging device being connected to each other with a data link and to the cloud, can have a game-changing impact on EV charging at large. ",{"type":580,"attrs":705,"content":706},{"textAlign":49},[707],{"text":708,"type":585},"It can help adapt the charging cycles of EVs to the requirements of customers and the power grid, providing a valuable way to optimize the charging process. This can ultimately help reduce the pressure on the power grid and help car users save money. ",{"type":580,"attrs":710,"content":711},{"textAlign":49},[712],{"text":713,"type":585},"The possibilities of digitization for the EV ecosystem are endless. However, it is also essential for original equipment manufacturers in the auto industry to reduce potential risks to customer security and privacy through a robust cybersecurity framework.",{"type":625,"attrs":715,"content":716},{"level":627,"textAlign":49},[717],{"text":718,"type":585},"Accelerating the EV revolution",{"type":580,"attrs":720,"content":721},{"textAlign":49},[722,724,730],{"text":723,"type":585},"Tata Motors’ EV ",{"text":725,"type":585,"marks":726},"roadmap",[727],{"type":595,"attrs":728},{"href":729,"uuid":49,"anchor":49,"target":49,"linktype":598},"https://source.benchmarkminerals.com/article/tatas-10000-ev-set-to-boost-india-ev-market-but-domestic-battery-supply-lags",{"text":731,"type":585}," began with reorganising models at the component level, which paved the way for the addition of first-generation Tata EVs to our portfolio. This marked the debut of the Nexon, Tigor, and Tiago EVs.",{"type":580,"attrs":733,"content":734},{"textAlign":49},[735],{"text":736,"type":585},"Tata’s current aim is to use the second-and third-generation cars to demonstrate our capacity for innovative production and product offerings.",{"type":580,"attrs":738,"content":739},{"textAlign":49},[740],{"text":741,"type":585},"Tata Motors, in this regard, will launch 10 new EVs in the next 5 years. A similar enthusiasm toward innovation and technology can be expected in the sector at large, from a micro to a macro level.","Amidst the decisive push towards green energy and sustainable industrial practices, India is forging ahead on the path of clean, cutting-edge mobility – and electrification remains at the forefront of this pursuit. India’s recently released Economic Survey has re-emphasised the pivotal function of the automotive sector in ushering in the green revolution, positing an astounding […]",[744],{"slug":568,"name":569,"content":745},{"job_title":571,"image":746,"bio":574,"linkedin":575},{"filename":573},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"05a69a9d-91f8-4c4e-8bc5-53e1565477d1\", \"id\": \"\"}-->","article",[750,753],{"slug":751,"name":752},"batteries","Batteries",{"slug":754,"name":755},"ev","EV","private","Tata Motors ",{"id":49,"alt":759,"name":759,"focus":759,"title":759,"source":759,"filename":760,"copyright":759,"fieldtype":761,"meta_data":762,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/6007aa26b9/bm-mr-anand-kulkarni-1.jpg","asset",{"alt":759,"title":759,"source":759,"copyright":759},"Anand Kulkarni","Vice President, Tata Passenger Electric Mobility","Mar 10, 2023","10th March 2023",[],[],1792773918128]