Why Tamil Nadu is all charged up on EVs
India manufacturing foray is being closely watched, India’s ambition to be on the global EV manufacturing map is palpable. While every state wants a piece of the EV pie, there is one that has had its eyes firmly set on the space for a while — Tamil Nadu.
Being the home for several traditional auto manufacturing players and component manufacturers, Tamil Nadu is also the hotbed for innovation in the electronics space and boasts some of the biggest players in the ecosystem.
Elevate Your Tech Process with High-Value Skill Courses
Offering CollegeCourseWebsiteNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Digital TransformationVisitNorthwestern UniversityKellogg Post Graduate Certificate in Digital MarketingVisitLast week, the state’s Minister for Industries Dr TRB Rajaa said that of all the EV two-wheelers that are sold in India, 68 per cent are manufactured in Tamil Nadu. While delivering the keynote address at the first ‘Tamil Nadu Startup Thiruvizha 2023’ in Coimbatore, organised by StartupTN, Tamil Nadu’s nodal agency for Startup and Innovation, Rajaa spoke about how the state is the EV capital of India and has seen electronics exports rise to $5.37 billion in the past year alone.
“We have [about] 450 charging stations in Tamil Nadu [and 6,500 in India as of March 2023] but by 2030 [India] is expected to have 1.3 million charging stations. It is such a huge opportunity for entrepreneurs and MSMEs,” he said.
According to a report released by Research and Markets, the Indian electric vehicle market will grow at a CAGR of 44.5 per cent between 2020 and 2025. Further, the Economic Survey 2022-23 said this
