MOST NATIONS WILL HAVE A LARGE NUMBER OF ELECTRIC VEHICLES BY 2023: SUNJAY KAPUR - The Daily Guardian
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MOST NATIONS WILL HAVE A LARGE NUMBER OF ELECTRIC VEHICLES BY 2023: SUNJAY KAPUR

Sona Comstar chairperson Sunjay Kapur shares the way Covid-19 has impacted the auto sector and how India can prepare to usher in the era of electric vehicles.

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Sona Comstar chairperson Sunjay Kapur, in an exclusive conversation for the special segment NewsX India A-List, spoke about the company, the impact of the pandemic on the automobile industry and the emergence of electric vehicles in India.

Speaking about effects of the pandemic on his group, Kapur said, “People had written off any opportunities when we went into this, with March-April being zero revenue months. You prepare for a lot of different scenarios in terms of reduction in sales, however, nobody was prepared for zero revenue while we still incurred expenses. When we went into this, I don’t think anybody saw the kind of opportunities that would come along. The opportunities have been great, in terms of localisation, Aatmanirbhar Bharat, opportunities to move supply chains out of high-risk countries or situations.”

“As a business, we have seen a V-shaped recovery in the automobile industry, which has been phenomenal. Our business was 50% domestic and 50% export. Now, it has moved to 80% export, which again has given us great growth opportunities. The United States is one of our biggest markets today in terms of supply. We are not only supplying to the ICE but also to electric vehicles. We have also, in this pandemic, been able to develop new products. Our aim is to continuously develop products and see how we can increase market share. To that effect, we have gotten into the two-wheeler space, where we had never been before. Traditionally, we have been in farm equipment, all fiver vehicles, passenger vehicles, commercial vehicles, And we are doing electric two-wheelers. It has been a great opportunity for us and I see a lot of positivity which has come out of this pandemic,” said Kapur.

“Going into this pandemic, we made a lot of comparisons with the 2008-09 financial crisis and I am happy to say that we saw hardly any bankruptcies. Therefore, this gives me the belief that businesses are better run, better managed and more robust, and fewer companies are sitting on large debts, which is definitely a positive sign. It has been a good recovery,” he added.

Sharing his outlook for the auto sector ahead and whether the surge is the result of a pent up demand or whether it would sustain, Sunjay said, “There are four things that are driving demand. One, the pent up demand. Two, rural demand, which is very strong and you can see it in tractor sales going through the roof. Rural demand is helping the rest of the automobile industry as well. Three, festive demand, which just ended. Four, social distancing. More people are afraid to travel in public transport and prefer travelling by their own vehicles. We have seen that impact on small car sales as well as two-wheelers. I feel that this demand will sustain. We are now slowly seeing an increase in heavy commercial vehicles, which is again a good sign. Commercial vehicles are doing well because of e-commerce and all the deliveries happening. We have seen strong growth even in November, as compared to last year. Several companies will see higher sales. If they don’t match their sales from last year, they will see higher sales than what they saw this financial year.”

When asked about the scope for an electric vehicle sector, particularly in India, Sanjay explained, “There has to be an ecosystem built around EV. I definitely see electric vehicles increasing. In India, it may take a little longer and that doesn’t mean long-term. In the short term, we are going to see an increase in EV. In the West, we are seeing it already with the Paris Accord and the climate change requirements in Europe. By 2023, most countries will see a large population with electric vehicles. In India, we will see it begin in the two-wheeler space. Charging is easier in that space, but charging infrastructure needs to be built, battery management needs to be understood better and standards need to be created. The government is very keen to push electric vehicles and the industry is geared up to meet the requirement for EV.”

When asked for his views on opportunities for India in the manufacturing sector and the scope for turning around supply chains, especially with the anti-China narrative in the world now, Kapur responded, “This is a global opportunity and everybody is vying for this business, be it Vietnam, Thailand, Mexico or India. We are very well positioned to attract a lot of business. From a private sector perspective, we must invest in technology. You can have all the ease of doing business and great pricing, etc., but if we do not have the technology, business is not going to come. It is not as easy as it seems. People seem to think it is easy to move out of China but it is not. There is a lot of investment required, especially in technology.”

Pointing out electronics as a case, Sunjay added, “We have a large import content for electronics across the board, not just in automobile but in every industry. To localize electronics, it is going to require investments in technology. The government is working with 24 different sectors to create export champions, which is a great initiative. It is a great starting point, in terms of creating that manufacturing base in India. I think we are well positioned to do that. I feel we are going to work from the private sector in not just adopting technologies in Tier 1, but also in Tier 2 and Tier 3 of the supply chain as well. If we are able to do that, we would be able to attract more business, localise more and reduce our dependency on supply chains outside India. Today, in the auto components industry, we are a net importer. The aim is to become a net exporter. We can only get there by continuously deploying technology in the right space.”

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Economic woes, curbs on dissent in Pakistan marred 2020: Report

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The Human Rights Commission of Pakistan (HRCP)’s annual report has asked the Imran Khan government to deliver to the public the “rights and freedoms to which they are legally and constitutionally entitled.”

An HRCP release said that the pandemic aggravated existing inequalities, leaving millions of vulnerable workers at risk of losing their livelihoods. “The Benazir Income Support and Ehsaas Programmes, which the government sensibly made part of its approach to the pandemic, likely saved thousands of households from sinking deeper into poverty, but these programmes are only a small facet of what a robust, pro-poor strategy should look like,” HRCP said.

The report noted that the pandemic was also a huge blow to educational institutions, with students compelled to attend online classes to the detriment of thousands in Balochistan, the tribal districts of Khyber Pakhtunkhwa, and Gilgit-Baltistan, who had little or no access to reliable internet connections.

This is now the third year running in which HRCP has underscored escalating curbs on freedom of expression and opinion in its report.

“From the abduction of senior journalist Matiullah Jan to the arrest of Jang Group chief Mir Shakil-ur-Rahman, it is clear that media groups continue to be pushed into towing the line. Worryingly, the National Accountability Bureau continued its operations as an instrument that violates fundamental human rights, including the right to fair trial and due process, among other things,” the report said.

Prisons in Pakistan remain sorely overcrowded, with an occupancy rate of 124 percent. This is marginally lower than in 2019, but the ever-present risk of infection in the country’s prisons shows that the state has failed in its duty of care, the report added.

“The long-awaited bill aimed at criminalising enforced disappearance has still not been passed despite commitments to this effect by the incumbent government since 2018. Indeed, despite the fact that the Commission of Inquiry on Enforced Disappearances has failed to address entrenched impunity, the government extended the latter’s mandate by another three years,” HRCP said.

Meanwhile, Balochistan remained especially vulnerable to excesses of power, from the extrajudicial killing of Hayat Baloch, an unarmed student, by a Frontier Corps soldier, to the shooting of four-year-old Bramsh and allegations that the men responsible had been sent by the alleged local leader of a ‘death squad.’

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U.S. TO SEND ASTRAZENECA VACCINE TO COUNTRIES BY JULY 4

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President Joe Biden on Tuesday (local time) provided an update from the White House on goals for providing AstraZeneca’s COVID-19 vaccine to countries by July 4. “I am not prepared to announce who else we will be giving the vaccine to, but we are going to by the Fourth of July have spent about 10 per cent of what we have to other nations including some of the ones who you mentioned,” said Biden while responding to a question about when vaccines will be provided to countries like India and Brazil.

“We’re helping Brazil and India, significantly. I spoke to Prime Minister Modi. What he needs most is the material and the parts to be able to have his machines that can make the vaccine work, we’re sending oxygen. We’re sending them a lot of the precursors. So, we’re doing a lot for India,” he said.

The US will be sending 60 million doses of the AstraZeneca vaccine to other countries starting from June 2021, the White House announced earlier.

“That means of all the vaccines we produced for the United States at that time, we will have given about 10 per cent to the rest of the world as a significant humanitarian commitment in addition to our funding of COVAX,” said Biden.

On Tuesday, Biden announced a plan of ensuring 70 per cent of American adults receive at least one dose of the coronavirus vaccine by Independence Day.

“Our goal by July 4 is to have 70 per cent of adult Americans with at least one shot and 160 million Americans fully vaccinated,” Biden said at the White House on Tuesday.

“That means giving close to 100m shots – some first shots, others second shots – over the next 60 days.”

At the briefing, President Biden said that he has not yet announced whether his administration will support a global push to waive intellectual property protections on COVID-19 vaccines.

“We’re going to decide that as we go along,” he told reporters following a White House briefing on vaccine distribution. “I haven’t made that decision yet.”

The Biden administration is facing pressure from the international community, drug pricing advocates and congressional Democrats to back a move that would temporarily waive the Trade-Related Aspects of Intellectual Property Rights agreement (TRIPS), that protects pharmaceutical trade secrets.

The World Trade Organization will assess the waiver, which has effectively provided pharmaceutical companies monopoly over vaccine production, potentially locking out poor countries from expanding their supplies. The Biden administration is expected to set its position clearly at the World Trade Organization meeting on Wednesday.

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CONSIDER USING ARMY ENGINEERING WING FOR SETTING UP OXYGEN STORAGE FACILITY: DELHI HC TO CENTRE

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The Delhi High Court, on Wednesday, while hearing a plea on various issues arising due to the rapid surge in Covid-19 cases in the national capital, asked the Centre to consider utilising the engineering wing of the Armed Forces for setting up a storage facility for oxygen.

Appearing for the Centre, Additional solicitor general (ASG) Chetan Sharma informed the division bench of justices of Vipin Sanghi and Rekha Palli, who was hearing various aspects relating to the crisis that arose due to spike in Covid-19 infection, that Armed Forces› help can be taken for transportation of oxygen. The High Court had earlier asked the Centre to respond to Deputy Chief Minister Manish Sisodia›s letter to Union Defence Minister Rajnath Singh on seeking Army›s help in dealing coronavirus crisis in the national capital.

ASG Chetan Sharma apprised the court today about details of help extended by the DRDO and said he has received a communication that the Army, Air-Force and Navy are on the job. «Airforce has helped in the transportation of tankers,» Sharma submitted.

The High Court also told Sharma about the direction passed in the afternoon regarding developing a channel for production and distribution of liquid medical oxygen like Petroleum products and on availing services of the engineering wing of the Army for storage of oxygen. ASG Sharma stated that the said aspect would be considered and will inform the court after seeking instructions from the Centre.

Meanwhile, Deepti, Joint Secretary (Health), Armed Forces joined the hearing via video conference. ASG Sharma informed Deepti about the Court›s suggestion of involving the army in the storage aspect.

The Court asked Deepti to discuss it within the Army hierarchy. Deepti told the court that she did not see any difficulty as these are unprecedented times. She assured the Court that despite Army›s resources being stretched, it will do its best.

The Court was hearing a petition filed by advocate Rakesh Malhotra on various issues that arose due to an unprecedented surge in Covid-19 cases in the national capital. The matter was disposed of on 14 January but after the national capital was hit by the fourth wave of coronavirus infection, the Court revived the petition in April again.  WITH ANI INPUTS

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Ministry of Steel supplies 4,076 MT Liquid Medical Oxygen

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Oxygen

The Ministry of Steel on Wednesday said it has supplied 4,076 MT Liquid Medical Oxygen in view of the Covid-19 situation in the country.

Steel companies from across the country, from both the public and private sectors, have stepped up efforts to meet the nation’s requirement of medical oxygen. Yesterday, the Total Liquid Medical Oxygen (LMO) Production by the steel plants was 3680.30 MT, and the Total LMO Supply was 4076.65 MT. “In comparison, the LMO supply was 3131.84 Metric Tonnes to various states on 25 April 2021. In mid-April, on an average 1500-1700 Metric tonnes /day was being dispatched,” read an official release by the ministry.

Union Minister of Steel and Petroleum and Natural Gas, Dharmendra Pradhan last week had held a series of meetings with captains of steel companies of both public and private sectors. He had called for doing everything possible to enhance the supply of medical oxygen from steel plants and also for building jumbo-sized Covid-care facilities with oxygenated beds to augment the healthcare infra.

Steel Authority of India, one of the largest domestic steel producers, has been enhancing its capabilities to supply Liquid Medical Oxygen in the country. The daily delivery of LMO from its integrated steel plants situated at Bhilai (Chhattisgarh), Rourkela (Odisha), Bokaro (Jharkhand), Durgapur and Burnpur (West Bengal) has been increased from a level of about 500 Metric Tonnes (MT) in the 2nd week of April to more than 1100 MT per day currently.

The company has so far supplied over 50,000 MT of LMO. In the month of April 2021, SAIL delivered more than 17500 MT LMO to 15 states across the country including the states in which the plants are located.

14 “Oxygen Express” trains carrying more than 950 MT LMO have been loaded by yesterday for various parts of the county from SAIL plants at Bokaro, Rourkela and Durgapur. SAIL plants have also received tankers, which have been airlifted and after loading has moved to their destinations by road and rail.

WITH ANI INPUTS

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EXTENSIVE COVID-19 RESTRICTIONS IN WEST BENGAL ANNOUNCED

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Hours after taking oath as the chief minister of West Bengal for the third term, Mamata Banerjee on Wednesday announced various steps to contain the spread of Covid-19 in the state, adding that hawkers, transporters, and journalists will be given priority when it comes to vaccination.

Announcing extensive restrictions across the state, Chief Minister said shopping complexes, gyms, cinema halls, beauty parlours will remain close in West Bengal. Local trains will be suspended from today and Friday onwards, those entering the state will have to show a negative Covid test report.

“Hawkers, transporters, journalists will be given priority in administering of the first dose (of vaccine). Looking at the Covid-19 situation, we have to take some steps. Wearing of masks to be mandatory, there’ll be only 50% attendance in state government offices. Shopping complexes, gyms, cinema halls, beauty parlours to be closed. Social/political gathering prohibited,” he said. Trinamool Congress Supremo said that all markets, retailers, standalone shops in the state will be allowed to function from 7 am to 10 am and later from 5 pm to 7 pm only. Talking about interstate and intrastate movement, Banerjee said, “local trains to be suspended from tomorrow. State transport, including metro, to function with 50 per cent capacity: From May 7, nobody will be allowed to arrive at airports without RT-PCR negative report not older than 72 hours. Those who will be positive will be sent to 14-day quarantine, arranged by the airport authority with the state government.”She said that random checking will be done in inter-state buses, RT-PCR negative report not older then 72 hours is mandatory for the passengers. “The ruling is also applicable to the passengers of train services,” she said. The Chief Minister informed that banks in the state will operate from 10 am to 2 pm, while Jewellery shops will remain open from 12 pm to 3 pm only.“Work from home for the private sector, for 50% of the staff allowed. Home deliveries should be encouraged,” she added. Moreover, Banerjee also reinstated IPS officer Virendra as Bengal Director general of police(DGP) along with Jawed Shamim as Additional Director General (ADG) (Law and Order). Before the Assembly elections in West Bengal, Election Commission had directed the state government to appoint P Nirajnayan as the Director General (DG) and IGP of the state in place of the serving DG and IGP Virendra, and Jag Mohan as ADG (Law and Order).

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Delhi Police registers 113 FIRs related to black marketing of Covid medicines

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Delhi Police has registered 113 FIRs, of which 61 cases pertain to cheating and fraud in the name of providing Covid-19 medicines or oxygen, while 52 cases related to black-marketing, hoarding or overcharging.A total of 100 arrests have been made in these cases, the police informed on Tuesday. The Delhi Police has also begun action against fraud callers and cyber financial cheats. In the last two days, 200 mobile numbers, 95 bank accounts, 33 UTR and 17 UPI/Wallet involved in this inhuman crime have been identified, the police said. The Delhi Police cyber unit CyPAD has also aligned with the Cyber and Information Security Division of the Ministry of Home Affairs, to create an integrated platform for law enforcement agencies and financial intermediaries like banks, wallets, merchants for real-time incident reporting, transmission, escalation, estoppels and resolution. “The singular objective of this platform is to prevent the defrauded money from exiting the financial ecosystem and ending up in the hands of the fraudsters either in hard cash or as goods purchased over e-commercial sites,” the statement said.

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