NITI Aayog Flags EV Tech Gaps: India Struggles in Global Trade, Urges Domestic Boost
Business
M
Moneycontrol•07-01-2026, 15:34
NITI Aayog Flags EV Tech Gaps: India Struggles in Global Trade, Urges Domestic Boost
- •NITI Aayog's Trade Watch Quarterly highlights India's heavy reliance on imported EV batteries, manufacturing equipment, and advanced technologies.
- •This dependence hinders India's global EV trade competitiveness and long-term positioning in the value chain.
- •The report calls for accelerated domestic production, targeted foreign investment, technology tie-ups, and dedicated testing infrastructure.
- •India's EV exports are minimal (0.1% of global), mainly small EVs to Nepal; imports are premium vehicles from Germany and China.
- •Global EV trade surged to $150 billion in 2024, dominated by China and Germany, while India's trade deficit reached $170.5 million.
Why It Matters: India must boost domestic EV battery and tech production to compete globally and reduce import reliance.
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