Auto EV India 2022, Asia’s biggest exposition on Electric vehicles, components, Parts & Materials, Battery, technology and testing, is taking place from Nov 09 – 11, 2022 at KTPO ground, Bengaluru, India.
From public transportation to e-scooters the entire transport industry is turning electric. India’s electric vehicle market is expected to grow at a CAGR of 90 per cent to touch $150 billion by 2030. The demand incentives provided under FAME II, the launch of state policies, rising fuel prices, tightening emissions laws and increasing awareness of the green environment are a few factors making the sector attractive to larger automobile players and financial investors. Looking at the facts, Auto EV India 2022 is the need of the hour for the larger benefit of the EV sector.
Auto EV India 2022 comes at a pertinent moment when the pandemic has subsided substantially. For the first time in two years straight, the Ministry of Home Affairs has finally said with a sigh of relief that there will be no need to invoke the Disaster Management Act after March 31 to enforce Covid-safety measures. This is a huge relief not only for the common man but for the industry and economy as a whole too. Finally, the long-disrupted supply chain and the devastating industry from the knockdown punches of the pandemic can stand on its feet again.
“As we are routing our way out of the pandemic, the changing macroeconomic environment in the post-Covid world has spawned several advantages for India relative to other emerging markets, giving birth to new opportunities that the country needs to take advantage of to meet the government’s aim of growing the economy to $5 trillion,” says Shailesh Shukla, Director, Auto EV India 2022.
The electric vehicle industry is one of the most exciting, significant and necessary areas of innovation today. The global electric vehicle market is valued at $163.01 billion in 2020 and is projected to reach $823.75 billion by 2030. India has already shown its keen interest to be a major part of this automotive paradigm shift. Adding to that, India has already put forward the desire to become the biggest hub for electric vehicles in the future. Industry leaders consider electric cars to be a promising option. Electrification will also be a key enabler of reducing vehicular emissions, a potent contributor to around 7% of GDP or 14 lakh crores loss every year. Therein lies a huge opportunity for India.
“By a conservative estimate around 250+ exhibitors and 50,000+ visitors are expected to showcase and visit the show. Since the market is very vibrant and the world’s focus is on Electric Vehicles, the number of exhibitors and visitors is likely to increase. Auto EV India is slated to be one of the world’s premier EV Auto and technology shows. A path-breaking event that harnesses the best minds presenting on a single platform to showcase that is the best available in the realm of the automotive world, in terms of products, technologies, concepts and trends,” says Shailesh Shukla, Director, Auto EV India 2022.
The Auto EV India 2022 trade show is exclusively dedicated to the entire eMobility ecosystem and brings the entire EV value chain under one roof to network with major industry players and identify numerous business opportunities in a hypercompetitive EV market.
Auto EV India 2022 is broadly focusing on Drive systems, Rechargeable next-generation Batteries, Motor Technologies, Parts and Materials, Microcontrollers, Driver ICs, Control Modules, Software, Sensors, Measurement and Simulation, Production Facilities, Inverters, Peripherals, Converters, Power Devices, Passive Elements, Heat-Resistant Products, Inverter Evaluation and Testing System, Chargers, Connectors and Harnesses. The event also aims to enable a large showcase of the new EV models & amp; innovative solutions.
The show offers the massive opportunity to meet the manufacturers, suppliers, engineers, influencers and purchase heads focused on the latest developments in technology and the entire ecosystem in the e-mobility industry.