India needs to transition its automotive sector towards electric mobility and become a global leader in EV manufacturing, according to Amitabh Kant, the former CEO of NITI Aayog. Kant emphasised the urgency of this transition, declaring the era of fossil fuel-based combustion engines as ‘dead’. Currently the third-largest auto market globally, India recognises the need to adapt to the evolving global landscape and achieve 100% electrification in two and three-wheelers by 2030.
Japan has fallen behind Germany and lost its position as the world’s third-largest economy. Despite a 1.9% expansion, Japan’s GDP of $4.2 trillion fell short of Germany’s $4.5 trillion. The depreciation of the yen against the dollar contributed to this change. India is expected to surpass both nations in the coming years. Japan faces challenges such as labour shortages and a declining population, while Germany struggles with energy costs and fiscal uncertainties.
Hero MotoCorp-owned Surge has introduced the S32 EV, an innovative electric vehicle that can be easily converted from a rickshaw to a scooter. With a modular design, the Surge S32 EV offers a quick transformation process, allowing users to switch between its two forms. The rickshaw configuration is ideal for commercial use, while the scooter version offers a dynamic and agile ride experience. Equipped with powerful batteries, both the rickshaw and scooter variants provide efficient performance. Read more on TOI Auto.
