The all-encompassing MoU covers EV policies, market trends, technologies, business and investment potential in the nascent EV industry in India.
18 Apr 2018 | 4599 Views | By Autocar Pro News Desk
With an aim to create a favourable ecosystem for electric mobility between India and Taiwan, the Society of Manufacturers of Electric Vehicles (SMEV) has signed a Memorandum of Understanding (MoU) with Taiwan External Trade Development Council (TAITRA) to drive joint efforts for the development of electric vehicles (EVs) through the exchange ...
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With an aim to create a favourable ecosystem for electric mobility between India and Taiwan, the Society of Manufacturers of Electric Vehicles (SMEV) has signed a Memorandum of Understanding (MoU) with Taiwan External Trade Development Council (TAITRA) to drive joint efforts for the development of electric vehicles (EVs) through the exchange of information and technology.
The MoU provides opportunities to discuss significant matters like governments’ EV policies, EV market trends, technologies, business and investment possibilities available in the EV sector. It also aims at establishing an R&D sector in the country, giving a boost to EV manufacturers in India at the grassroots level.
Additionally, the MoU will provide local assistance to the representatives of both the associations for promoting their business interest in the country. The MoU is expected to bring in more investment and enhancement to the Indian EV industry.
Speaking on the occasion, Sohinder Gill, Director-Corporate Affairs, Society of Manufacturers of Electric Vehicles said, “Our association with TAITRA will provide essential growth tools to the Indian EV sector and help the manufacturers in addressing the challenges with real solutions. This MoU underlines the commitment of both partners to the government’s vision of 100 percent electric mobility in India by 2030.”
“As a part of the collaboration, both the parties would be undertaking several market studies on the EV sector to identify key issues and addressing them accordingly. The associations would be taking necessary steps that are feasible for the development of electric vehicles through trade promotion and economic cooperation between the two countries,” said Walter Yeh, President, Taiwan External Trade Development Council.
TAITRA and SMEV are to organise an EV Forum during Taiwan Expo in India at Pragati Maidan, New Delhi on May 18, 2018.
SMEV and TAITRA
SMEV is the registered association representing Indian manufacturers of electric vehicles (EV) and electric vehicle components. SMEV works closely with the central and state governments to assist the formulation of policies and processes supporting the EV ecosystem.
Founded in 1970 to help promote foreign trade, TAITRA is Taiwan's foremost non-profit trade promoting organization. With headquarter in Taipei (Taiwan), TAITRA 60 branches worldwide. Together with Taipei World Trade Center (TWTC) and Taiwan Trade Center (TTC), TAITRA has formed a global network dedicated to promoting world trade.
Lead image courtesy Valeo