Maharashtra, Haryana bear brunt of EV transition: One-third of component suppliers to be hit, claims study

Mar14,2024



A recent study conducted by the International Forum for Environment, Sustainability and Technology (iFOREST) ​​highlights the multifaceted challenges and opportunities posed by the transition to EVs for businesses, workers, and the environment. This study is claimed to be the first nationwide research on another aspect of infection. electric vehicles In the automotive industry.
EV infection In India: Impact on automotive component manufacturers
One of the key revelations of the study is the estimated impact on auto component manufacturers, with 45-84 percent of internal combustion engine (ICE) vehicles, primarily powertrain components, expected to become obsolete due to the EV transition.

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states like Haryana, MaharashtraAnd Tamil Nadu to take a hit
Analysis of 729 ACMs across the country indicates that about 34 per cent of them will face significant impact, especially in states like Haryana, Maharashtra and Tamil Nadu, where auto manufacturing Is concentrated.
Furthermore, it is estimated that EV penetration in the Indian automotive market will increase substantially over the next decade. The report further said that EV production is expected to increase, reaching between 36 and 51.4 million units by 2036-37. This growth will be particularly prevalent in the two-wheeler and three-wheeler segments, with the latter accounting for 100 percent market share.
EV transition will create more jobs
While the transition to EVs will reduce traditional job roles, particularly in ICE manufacturing, it is expected to lead to a net increase in employment opportunities, with passenger car manufacturing jobs projected to double from 1.7 million to 3.3 by 2036–37. Is. -3.7 million.
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