The automobile sector has a significant role in the government’s plan to raise the share of manufacturing in India’s GDP from 15 percent now to 25 percent by 2022. A major thrust will be needed from the government to sell 6 million EVs by 2020 as the first step to attain the larger vision of EVs for all by 2030. India’s electric vehicles industry is nascent with just 0.1 per cent global market share.
Semco Infratech is another subsidiary of SEMCO which delves into the areas of new emerging technologies and business opportunities like electric vehicles, EV charging infrastructure. The company has recently partnered with EVBox, a leading EV solutions provider based in Netherlands. The idea is to offer a complete, hassle-free solution to the customer that includes installation and after-sales services.