As the government focuses on the adoption of electric vehicles (EVs) in the country, there has been a push to develop an indigenous manufacturing ecosystem in the sector. Several companies are working to develop their EVs and battery packs which power such vehicles.
Battrixx, a division of Kolsite Group’s Kabra Extrusion Technik Ltd, is one such company which manufactures battery packs. The Rs 1,000-crore Kolsite Group has eight manufacturing locations in the country and has been operating since 1960s. In an exclusive conversation with Outlook Business, Anand Kabra, Managing Director of Battrixx, talks about the budding EV manufacturing ecosystem in the country, FAME and PLI schemes and the overall government support for the development of EV sector.
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Given the government’s push for adoption and production of electric vehicles in the country, what’s your opinion on the manufacturing ecosystem developing in this sector?