China, India keen on EV ventures

China and India, the world’s two largest greenhouse gas emitters, are keen on joint ventures in manufacturing electric vehicles (EVs) as companies from both countries held talks at a three-day event in Beijing.

India’s leading automakers such as Maruti Suzuki, Tata, TVS and industry associations participated at the fifth China EV100 Forum in Beijing, where e-vehicle manufacturing firms from across the world were present. The three-day event, concluded on Sunday. According to McKinsey, China has emerged as the leader both in the supply of and demand for electric vehicles. However, some Chinese firms believe India will surpass China in terms of demand for these vehicles.

Anil Srivastava, principal Advisor at Niti Aayog who headed the Indian delegation, met Chen Qingtai, president of China EV100. Addressing the forum, Srivastava talked about India’s policy for the promotion of electric mobility, the current state of play and future roadmap.