India on the Global Market of Electric Vehicles: Issues of Manufacturing Leadership

Abstract

The research aims to identify the role played by the automotive industry and, in particular, the production of electric vehicles in developing the Indian industrial sector in the context of implementing industrial policy. Within the framework of this research, the authors used fairly traditional methods for review-type articles. Particularly, the authors used the methods of analysis, induction, and deduction. The authors revealed that despite the fact that India is not yet among the leaders either in the production of cars or in the production of electric vehicles, the Indian market and the measures taken by the government are not devoid of significant potential. The disclosure of India’s potential in the automotive and electric vehicle market is facilitated by policies in the field of support and development of the industrial sector, infrastructure development programs, investment policy, and government initiatives. An additional incentive to unlock the country’s industrial potential is the construction of industrial corridors and national investment and manufacturing zones. The paper once again confirms that one of the main characteristics of the policies that are being implemented in the country is an inclusive approach that covers all industries and sectors of the economy and affects the country in terms of territorial coverage. Inclusiveness in the field of industrial policy is based on the development of the urban environment and its industrial potential, turning regional and municipal units into industrial centers and, thereby, stimulating economic growth and development.