India’s electric vehicle penetration, currently at around 8.5%, is set to rise to 30% by 2030 — and component manufacturers who move early stand to benefit the most. That was the central message at ASSOCHAM Northern Region’s EV Ancillaries and Auto Components Conclave 2026, held in Gurugram, where government officials and industry leaders called on MSMEs to invest in innovation, build local supply chains, and file for IPR and patents to capture the opportunity ahead.
Mr. Sanjeev Chawla, Additional Development Commissioner, MSME DFO, Karnal, Government of Haryana, who addressed the conclave as Chief Guest, said that 8.5% EV penetration already translates to nearly 50 lakh vehicles on Indian roads, and that the jump to 30% by 2030 — just four years away — presents a massive opportunity across suspension systems, battery management systems, switches, harnesses, and BLDC motors. He urged enterprises to invest in innovation, document it properly, and file for patents, for which the government offers significant grants and incentives. He added that real growth demands continuous innovation and a stronger focus on quality through lean manufacturing and Industry 4.0 tools.
Mr. M.K. Sardana, Co-ordinator, Department of Industries and Commerce, Government of Haryana, pointed out that while a conventional fossil fuel vehicle has nearly 2,000 moving parts, an EV has only about 18 — a shift that demands urgent recalibration by enterprises in conventional auto components. He noted that the battery alone accounts for nearly one-third of an EV’s cost and is manufactured by very few players, presenting a clear opening for domestic suppliers. He also highlighted the Haryana government’s recently launched umbrella policy, Invest in Haryana 2026, under which an EV policy launched in 2022 remains in force until 2027, with an exclusive MSME policy expected within a month.
Mr. Ajay Mohan Goyal, Joint Director, Department of Industries and Commerce, Government of Haryana, said the future of the automotive industry will be determined not by who manufactures the most vehicles but by who builds the most competitive electric mobility ecosystem. He noted that Haryana produces nearly 50% of all cars and 60% of all motorcycles made in India, and that electric vehicles have been identified as a thrust sector under the Haryana Industrial Policy 2026.
The conclave brought together industry experts, researchers, financial institution representatives, and technical organisations for discussions on regulatory preparedness, MSME financing, export competitiveness, localisation, technology adoption, skilling, and sustainable manufacturing. Mr. Ravinder Chandla, Regional Director North at ASSOCHAM, reaffirmed the association’s commitment to working with the Government of Haryana through policy advocacy and knowledge partnerships to strengthen the state’s EV ancillary ecosystem.
