The FAME 2 scheme has given electric mobility a shot in the arm and is a step in the right direction to make india a viable market for electric vehicles. Though the announcement has not given any special consideration to electric cars, the expansion plans of fast chargers and other infrastructure has garnered some interest among carmakers to take the Indian car market more seriously as far as electric cars are concerned. maruti Suzuki is already gearing up to launch the electric WagonR next year and hyundai group companies (hyundai-Kia) also have said that it will start the local assembly of electric vehicles in india.
hyundai and Kia Motors are finalizing manufacturing plans of electric cars for our market. The Korean Carmakers are looking at the possibility of partnering with lg for batteries, while also evaluating other international suppliers for the same purpose.
The top management of both companies is currently doing a feasibility study in india for sourcing local components and batteries and are understanding india-specific conditions. "One reason why I am here in india is to better understand what's going on in the electric space here," said Albert Biermann, President Of hyundai Group's R&D division.
