logo
‘I am confident of strong EV ecosystem being built in Tamil Nadu'

‘I am confident of strong EV ecosystem being built in Tamil Nadu'

Time of India6 hours ago
As the MD of
Renault India
, Venkatram Mamillapalle has seen Tamil Nadu's Oragadam belt develop into an automotive manufacturing hub even as the Renault Nissan factory made cars for India and exported from there. In a chat with TOI, he discusses TN's next big leap into EVs, infrastructure, ecosystem, and the near future. Excerpts:
Question:
Renault has launched the new Triber, and three new products are to be rolled out in the next two years. What is the capacity utilisation at the Oragadam plant? Will it increase?
Renault MD:
The Oragadam plant is still used by both the partners, Renault as well as Nissan. So, together, we are currently at about 50% utilization. The new Triber will help enhance our volumes for this year and in the future as well. And the Triber will be exported to all those countries where the old Triber had been going, and the first shipment should leave Ennore Port sometime in the first week of August. The first export shipment will be headed to South Africa.
Question:
Two years ago, Renault announced a 5,400 crore investment in its Indian business in general, and in product development in particular. The new products in the pipeline were set to include some EVs as well. When will we see electric vehicles rolling out of your Oragadam plant?
Renault MD:
When we announced the new investment in February 2023, we said we were going to launch four new products, two for Nissan, two for Renault. Later on, we said we are going to launch four new products, and we are still holding to that. Starting with the new Triber, we will launch four products in the next two years. We did say that we are also looking to launch an EV as early as possible because HEV and EV are arm's length technologies for us, and they are already available in Europe (whether they are ethanol, hybrids, or electric). We are still waiting for regulatory clarifications on a host of issues like CAFE policy, tax issues related to EVs, and the fact that HEVs currently don't have any tax benefits today. The carbon trading policy is also not clear, and the ecosystem that has to support an EV in the Indian market is not completely ready.
Question:
How does Tamil Nadu's EV manufacturing ecosystem compare to that of other states? What more should it do to support automobile companies?
Renault MD:
I've been in touch with Guidance Tamil Nadu and the ministry of industries in TN. Recently, we had a positive discussion and they're encouraging investments in Tamil Nadu for new technologies. I'm sure there are many suppliers interested in building the EV ecosystem in TN. They're already in talks or discussions with the government, thanks to the government's ability and agility in supporting such investments. I admire the way Tamil Nadu is moving forward. The govt is going door-to-door to speak to suppliers about investing. I am confident they will build a strong EV ecosystem in Tamil Nadu.
Question:
Have you spoken to the govt regarding getting into EV production?
Renault MD:
We've been speaking with them to support the development of a robust EV ecosystem—making it as wide and as deep as possible. Their efforts are focused on helping demand grow, which in turn allows EV manufacturers to justify their investments and sell their cars. These discussions have been very positively received.
Question:
Will the presence of big-ticket EV investors like VinFast help catalyse the supplier ecosystem in TN?
Renault MD:
Everything acts as a catalyst to develop the ecosystem. It should be a group effort, along with strong govt support, which is already happening. The way the govt is promoting the state's subsidies and supportive programmes is helping.
Question:
What can be done to ease the congestion at Chennai's ports?
Renault MD:
There are two ports in Chennai, and Renault operates out of the Ennore Port. No doubt, logistically, the state does need better port infrastructure. Ship visits to these ports should be more frequent. When demand increases, that will follow. Especially with our focus on Europe and Latin America, improvements in port infrastructure are necessary. One round of discussions has already taken place. We are waiting for further feedback following discussions with the commerce and industry ministry at the central level. These discussions were primarily about improving logistics from our ports towards Europe and expanding infrastructure as well.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India's foreign equity listings went cold after 2018, shows data
India's foreign equity listings went cold after 2018, shows data

Business Standard

time29 minutes ago

  • Business Standard

India's foreign equity listings went cold after 2018, shows data

Debt issuances and convertibles keep flowing as equity stalls Sachin P Mampatta Mumbai Listen to This Article Indian entities haven't raised capital through foreign equity listings in over six years — the longest gap since liberalisation. The last such overseas equity fundraise was in 2018, according to data from Prime Database. Listings abroad occurred nearly every year from 1992 through 2016, with 2017 being a rare exception. After one final issue in 2018, there have been no subsequent listings. This lull comes as some Indian companies explore listings at Gujarat International Finance Tec-City (GIFT City), Gandhinagar, pitched as an alternative to offshore hubs like Singapore. The government in 2024 cleared the path for direct listings of Indian

Mocked in job interview, Indian woman's clapback after joining Google goes viral
Mocked in job interview, Indian woman's clapback after joining Google goes viral

Hindustan Times

time36 minutes ago

  • Hindustan Times

Mocked in job interview, Indian woman's clapback after joining Google goes viral

An Indian woman's post gained widespread support after she shared a past interview experience where she was mocked by a startup interviewer who claimed she would never make it to tech giants like Google or Meta. The post, by a user named Arpita, narrated her interview experience and revealed her eventual success in a mic-drop moment. Proving the interviewer wrong, the user revealed that she now works at Google. (Pexel) 'Was grilled by a mid-level startup interviewer in a system design round, he made me design infra, estimate CPU costs, basically everything except physically build the data centre,' she wrote. However, the grilling soon turned condescending when she struggled to answer. As she faltered, the interviewer smirked and said, 'This is why people like you won't make it to big companies like Google, Meta.' Proving the interviewer wrong, the user revealed that she now works at Google. Her X bio also claims that she worked for brands like Myntra and Microsoft in the past. 'Not bragging—just wondering why some folks gatekeep based on their own insecurities," she concluded. The post quickly struck a chord with many online. "Great story. Success is the best revenge. Keep going," remarked one user. Another added, "Absolutely weird. When I take interviews, I usually try to do them in a way that shows how much I can learn from the other person." A third slammed the bad attitudes of several interviewers. "Today, most interviewers see attitude and eagerness to learn as you can not judge a person on the whole thing in those 10-15 minutes," they wrote. "I think in later stages you will get the chance to interview that interviewer in future, that's how the world works," joked a fourth user.

Why antitrust regulations are pertinent
Why antitrust regulations are pertinent

The Hindu

time36 minutes ago

  • The Hindu

Why antitrust regulations are pertinent

While arguing for the Sherman Act, Senator John Sherman said in 1890, 'If we will not endure a king as a political power, we should not endure a king over the production, transportation, and sale of any of the necessaries of life.' The law would eventually mark the beginning of antitrust regulation in the United States, while also laying the groundwork for similar statutes preserving market competition worldwide, including in India. Sherman's idea of what constitutes a 'necessity of life' has evolved since then. Technology is reshaping societies and markets — it now shapes the production, transportation, and sale of most goods and services, leading to the rise of what we now term the global 'digital economy'. India is a significant player, with its domestic digital economy contributing 11.74% to its GDP (2022-23). This success has partially been driven by technology start-ups, which rose from just 2,000 in 2014 to over 31,000 in 2023. The government recognises their potential and leans on them to build a $35 trillion 'Viksit Bharat' by 2047. Yet Sherman's concern about a few players dominating economies still applies. In Digital India, the kings are located in foreign waters, dictating selective terms to home-grown start-ups building the country's digital future. As a result, the ability of Indian start-ups to scale is often stunted. While these global firms connect societies, they also wield immense monopolistic power. A recent case by a leading Indian online gaming company against Google, filed with the Competition Commission of India (CCI), highlights the risks posed by such dominance. On start-ups and monopolies Discriminatory practices by gatekeepers in the digital economy harm India's economy, business environment, and consumers. Google, for example, dominates distribution and discovery of digital services. With Android holding about 95% of the of the mobile operating system market share in India, it is nearly impossible for consumers to discover new online businesses without the latter hawking their services on Google's superior search engine, app store, or online advertising ecosystem. This dominance has led to discriminatory outcomes for Indian start-ups. For example, high commissions levied by Google on transactions taking place within its payments ecosystem have dampened the revenues of start-ups using these services. These issues have led domestic antitrust regulators to crack down on the tech giant, preventing Google from restricting app developers from using third-party payment systems or from communicating with their users to promote their apps. The gaming start-up's CCI filing is an addition to this long list of concerns with Google's anticompetitive behaviour in India. In its complaint, the gaming industry leader alleged that Google abused its dominant position via a discriminatory Real Money Gaming (RMG) Pilot Program operated through the Play Store, and restrictive advertising policies. Google's Pilot Program, launched in September 2022, selectively permitted two specific formats of RMG on the Play Store — Daily Fantasy Sports (DFS) and rummy — limiting market access for other formats of RMG, such as the casual games offered by the gaming company. While Google discontinued similar pilots in Mexico and Brazil in June 2024, its Indian iteration continues to date, offering DFS and rummy operators relatively unfettered access. For example, the complaint notes that a DFS operator with 90% of the market share acquired 150 million users over 16 years, but upon joining the Pilot, it added another 55 million users in just one year. Google similarly amended its advertising policies following the launch of the Pilot, limiting gaming advertisements to DFS and rummy operators, which earlier allowed advertisements by all games of skill. Before these amendments, the online gaming leader claimed that 68.21% of its app downloads were derived from Google's ad program. Now, they have stopped — a deep cut for an Indian start-up with proven global credibility and scale. CCI, the forward-looking and progressive digital regulator, has began an investigation into these concerns. Costs to India Such market distortions carry serious economic consequences, compromising India's ability to reach its digital economy ambitions. Most importantly, lack of competition leads to 'reductions in quality and consumer choice[s]', and excessive reliance on few powerful players. Net-net, everyone loses, except the gatekeepers. India cannot afford such a loss in innovation — and nor can its people, who will ultimately benefit from competitive growth, driven by ambitious start-ups. Sherman's homeland offers some insight into what the future holds for markets where the antitrust issue is not addressed head-on. Antitrust scholars suggest that rising monopolisation across American industries has increased the cost of doing business for growing businesses, leading to a dramatic decrease in Initial Public Offerings. The economic consequences of such lopsided markets are too severe for India to bear. Ultimately, global tech giants play a critical role in powering these new-age businesses. What the future requires is recognition from Indian adjudicators that avenues for distribution and monetisation must be democratised, without gatekeeping, for domestic start-ups to thrive. The gaming industry leader's case carries on Sherman's legacy — it is one step towards a fairer field for everyone. Alwyn Didar Singh, Former Secretary to the Government of India and former Secretary General, FICCI

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store