India Must Boost EV Tech Manufacturing: NITI Aayog Warns Against Import Reliance
India
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News18•07-01-2026, 16:54
India Must Boost EV Tech Manufacturing: NITI Aayog Warns Against Import Reliance
- •NITI Aayog urges India to accelerate domestic production of EV batteries, manufacturing equipment, and advanced technologies.
- •Report warns against heavy reliance on imports, which hurts trade competitiveness and keeps India at the lower end of the global EV value chain.
- •India mainly exports assembled EVs while importing high-value components, leading to a $170.5 million trade deficit in 2024.
- •Calls for rationalizing incentives, reducing logistics costs, targeted FDI, and technology partnerships to build domestic strength.
- •Global EV imports surged significantly, but India's share remains low at 0.1% of global exports and imports.
Why It Matters: India must rapidly develop domestic EV tech and battery manufacturing to avoid import dependence and boost global competitiveness.
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