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Vehicle scrappage policy can give positive push to start new automotive circular economy: EY
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Amid semi-conductor shortage disruptions, second wave threat looms large on auto sector now
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Traditional auto players power up EV play
February 18, 2021
Car and two-wheeler makers ramping up production and charging stations
Home-grown traditional players in the automotive segment continue to make progress in the electric vehicle segment in the post-Covid period with a slew of initiatives even as the EV market in India continues to evolve.
While Covid-19 applied brakes on the development of EV ecosystem in the country, the past couple of months saw some improved activity in the EV market with the gradual opening up of cities.
While the EV market witnessed proliferation of e-rickshaws, other segments were yet to adopt in a big way. But, of late, the electric two-wheeler segment is witnessing a lot of activity with the entry of many new players, mostly driven by the Central and State governments’ promotion schemes, growth of gig economy, traffic congestion in urban areas, and of course, rising fuel prices. Post FAME-II, sales of electric two-wheelers were adversely i
Semiconductor industry finding it difficult to meet increasing demand from auto sector
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This challenge in the supply chain can be mitigated with effective technology-based planning, according to a recent EY India report titled ‘Semiconductor supplies hitting vehicle sales: How Supply Chain challenges can be effectively managed through Digital Technology & Solutions for planning’.
PTI
As India recuperates from the impact of COVID-19, automobile OEMs have started to witness a steady increase in vehicle demand due to the revival of car sales. However, the semiconductor industry is finding it difficult to address the increasing demand as it also caters to other industries like IT, consumer electronics, mobile and medical equipment that witnessed unprecedented demand during COVID-19. This challenge in the supply chain can be mitigated with effective technology-based planning, according to a recent EY India report titled ‘Semiconductor supplies hitting ve
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