India a Great Use Case for 2-Wheeler EV Market, Will Witness Explosion in Five Years: Dassault Systemes
As two-wheeler EV adoption sees a tremendous rise in India, Suchit Jain, Vice President of Strategy and Business Development at Dassault Systemes, believes that the country is a great "use case" for the EV market -- a sector which will see an explosion in the next five years.
Nashville, February 22 : As two-wheeler EV adoption sees a tremendous rise in India, Suchit Jain, Vice President of Strategy and Business Development at Dassault Systemes, believes that the country is a great "use case" for the EV market -- a sector which will see an explosion in the next five years. The automotive, electric 2-wheelers (E2W) market grew by more than 300 per cent (year-on-year) in 2022. Honda City 2023 Facelift Leaked Prior to Launch; Checkout Launch Date, Specs and All Key Details Here.
By 2025, the share of E2Ws and connected 2-wheelers (C2W) will both cross 50 per cent, according to a report by Cybermedia Research (CMR). "The typical notion when we think of an EV is a car, but in India, it is the two-wheeler," Jain told IANS. Maruti Suzuki New Car Launches in India: From Fronx to Next-Gen Swift, Checkout the 6 Most Awaited Models From India’s Top Selling Auto Brand.
During his last visit to India in November 2022, Jain learnt of the usage of two-wheelers for delivering things like food and grocery and how it must wriggle their way into congested areas.
"For this, it is all about the design, keeping in mind things like energy consumption, gravity balancing, safety and refrigeration. In future, you will see EVs which will do refrigeration, delivery of things like medical supplies by implementing the correct shape, ergo dynamics and stability," he elaborated.
The government aims to grow EV sales in India to capture the markets of 30 per cent of private cars, 70 per cent of commercial vehicles and 80 per cent of two and three-wheelers by 2030. Jain said that battery development and battery management for EVs as well as safety consumption are areas that will play a crucial role in India.
"If done right, India can become the biggest supplier of EV batteries. The country is a huge economy and a lot of economists are looking into this aspect," said Jain, who holds a bachelor's degree in civil engineering from IIT-Bombay and a master's degree in structural mechanics from the University of Southern California. He went on to talk about an interesting fact in the pipeline for Dassault Systemes -- helping companies develop lithium substitutes.
"Although it is not mainstream yet, we have helped companies to develop lithium substitutes. New material that has never existed. "Dassault platform allows molecular level chemistry. We have invested a lot in pharmaceuticals, so we can do molecular level chemistry so the companies can create the new material as lithium has its own issues," the executive noted. The next five years will see an explosion in terms of the EV market.
"It is an interesting time that we are living in with technology changing every few years. What happened in 50 years is compressed into five. We will see a lot more in the time to come," Jain said on the sidelines of the recently-concluded '3DExperience World 2023' here.
(The above story first appeared on LatestLY on Feb 22, 2023 11:52 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).