Skoda Auto’s intentions to participate in India’s developing electric vehicle (EV) sector are generating news. Although it stresses the need for more expansive definitions of new energy vehicles, the corporation is eager to comply with the nation’s new EV legislation. This includes plug-in hybrids and hybrids, which may be very important in the electrification process. Martin Jahn, a member of Skoda’s global board, offered his perspectives on the prospects and difficulties facing the Indian car industry going forward.
A broader spectrum of new energy cars should be covered by India’s EV legislation, according to Skoda Auto’s leadership. As noted by Martin Jahn, pure battery-electric vehicles (BEVs) are necessary, but they might not be India’s sole option. He brought up the example of China, where only half of new energy vehicles are pure BEVs, despite the country having a 50% share of them. The remaining half consists of plug-in hybrids and hybrids, which combine conventional combustion engines with battery power.
Skoda Auto is analyzing the effects of the government’s regulations as it evaluates its investment strategy under India’s new EV policy. For 8,000 automobiles per year, the strategy requires a minimum manufacturing investment of $500 million to be eligible for a 15% import duty reduction. This policy is a key component in determining Skoda’s future ambitions in India, according to Jahn, who expressed interest in it.