India Positioned as Future Global Hub for EV Manufacturing

According to Nishant Arya, Managing Director and Vice Chairman of JBM Group, India has a competitive advantage because of its local market and human capital at the nexus of the country's aspirations to become a global manufacturing hub and the accelerating race for EV manufacturing.

He was speaking at the ET Auto Manufacturing Innovation Summit recently held in Gandhinagar, Gujarat. “The next two decades are India’s, “he said, adding that India's diverse weather conditions give the country an opportunity to make EVs for the world.

As he pointed out, India is rapidly becoming a global manufacturing powerhouse, and at the core of this progress is a quiet revolution based on skill development, technological convergence, and a renewed emphasis on design-led innovation. He is not mistaken in his optimism. With its "Make in India" and "Atmanirbhar Bharat" initiatives, the government hopes to increase the manufacturing sector's current 17 percent GDP contribution to 25 percent.

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Programs like the Production Linked Incentive (PLI), which has a total budget of about ₹2 lakh crore, are intended to bring important sectors like semiconductors, advanced batteries, and auto parts into the public eye. Close to 49 per cent of India’s total manufacturing GDP is formed by the automotive sector, reinforcing its role as a growth engine.“With the right mix of R&D, green technologies, infrastructure and human capital, we are ready to lead not just in scale, but in substance," he added.