Tamil Nadu's policies has been consistent irrespective of regimes
The Government of Tamil Nadu seeks to provide manufacturing firms operating in the EV sector with a flexible incentive package through the EV Special Manufacturing Package instead of a one-size-fits-all model.
V. Vishnu, MD and CEO of the Guidance Bureau under the Tamil Nadu government, asserts that the state's policies on industrial growth, including electric mobility, have remained remarkably consistent over the years, regardless of the ruling regime. This has helped in bringing consistent growth and attracting some of the large automobile and supply chain companies to the state.
"Tamil Nadu's growth story is because of the policy stability that has been consistent across the regimes," he said during a panel discussion titled 'Policy Enablers and Regulatory Impact' as part of the Indian EV Convention, organised by Autocar Professional and the Government of Tamil Nadu.
Growth of EV manufacturing sector
Vishnu highlighted that the growth of the EV manufacturing sector in Tamil Nadu is built on the foundation of automotive supply chain linkages in the state. Tamil Nadu’s automotive clusters included some of the largest auto majors, which included the likes of Hyundai, Nissan, TVS, Mahindra, and Daimler, among others.
Tamil Nadu government officials emphasised that the strong manufacturing ecosystem in the state has encouraged new entrants like Ather Electric, Ola Electric, Ampere, and others to establish their EV manufacturing units in the state.
The government officials added that Tamil Nadu has been seeking to facilitate and support the manufacturing of EVs and components, particularly EV cell technologies, batteries, EVSE, and charging infrastructure, in the state with an “EV Special Manufacturing Package”. The Government of Tamil Nadu seeks to provide manufacturing firms operating in the EV sector with a flexible incentive package through the EV Special Manufacturing Package instead of a one-size-fits-all model.
The multiple options provided under the package shall be beneficial for firms operating across the EV manufacturing value chain, viz., OEMs, component manufacturing, battery manufacturing, and charging infrastructure manufacturing, by allowing them the choice based on their business models and cashflows.
Also read
'We must not look at electrification merely as an ICE-to-EV transition': Arun Roy
'India must stop China comparison, focus on its own capabilities': Vivek Vikram Singh, Sona Comstar
TN expects EV investment in the state to double to Rs 80,000 crore in two years
SABIC committed to long term EV development, making significant investments in India
TN will strive to inculcate ‘Climate Common Sense’, says Industries Minister Dr TRB Rajaa
RELATED ARTICLES
Kumaraswamy urges OEMs to follow PM E-Drive, PLI scheme guidelines
Some automakers were found claiming subsidies under the FAME scheme by violating the scheme guidelines.
Bajaj Auto, TVS Motor report 20% YoY growth in total September wholesales
Bajaj Auto dispatched a total of 469,531 vehicles, including two-wheeler and commercial vehicles, while TVS Motor dispat...
Hero MotoCorp’s total September wholesales up 18.7% YoY; HMSI records 11% growth
Hero MotoCorp dispatched a total of 637,050 two-wheelers in September, while Honda Motorcycle & Scooter dispatched 583,6...