Sunjay Kapur Applauds India's EV Policy for Sustainable Growth

Haryana, India - Sona Comstar, a global automotive systems & components manufacturer. Sunjay Kapur, Chairman of Sona Comstar and Deputy Chair of CII Northern Region, recently shared his insights on the new Electric Vehicle (EV) Policy, highlighting its transformative impact on India's mobility landscape.

"The approval of the new EV Policy is a pivotal moment for our nation's automotive industry," remarked Sunjay Kapur, Chairman of Sona Comstar and Deputy Chair of CII Northern Region. "This progressive step not only cements India's position as a manufacturing hub for EVs but also creates a favourable environment for global investors to tap into our burgeoning market."

Kapur emphasized the policy's minimum investment threshold and its emphasis on domestic value addition, citing them as key factors in nurturing a robust EV ecosystem. "The government's commitment is evident in this policy, which provides a clear roadmap for local manufacturing and promotes healthy competition," he added.

The policy's focus on incentivizing local production and advancing technology aligns well with the 'Make in India' initiative, Kapur noted. He anticipates that this approach will not only accelerate EV adoption but also fuel economic growth by reducing reliance on imported crude oil and curbing environmental impact, particularly in urban areas.

In conclusion, Kapur commended the government for its forward-thinking approach and welcomed the policy as a significant step towards a greener, more sustainable future for India.