Drop in EV output pulls plug on charging infra cos
Although the allied segment has not come to a standstill, the growth curve has dipped due to the shortage of semiconductor chips
image for illustrative purpose
New Delhi: Global shortage of semiconductor chips is beginning to hurt the allied segmentsof the electric vehicle (EV) segment with charging infrastructure manufacturers recording a marginal halt in demand of their products.
While the demand for electric vehicles gains traction in the Indian market, shortage of thesemiconductor is crippling the production capacity of the manufacturers, thereby reducing the sales figures for the time being.
Dheeman Kadam, CO-Founder & CMO of goEgoNetwork, says that EV segments was one of the few sectors to experience silver lining during Covid period as the demand for EV surged in India since 2020.
"We were one of the few sectors which were not really affected by the pandemic, though we are right now getting affected by the semiconductor shortage. The pandemic was not really adeterrent," Dheeman told Bizz Buzz.
"Our business been indirectly affected by the chip shortage. The number of EV vehicles, as I told you, if there are no EVs then there is no charging. The number of EVs being delivered in the market will enable the charging infrastructure to be built and used in the market," Dheeman added.
As per the latest vehicle sales figure released by the Society of Indian Automobile Manufacturers (SIAM), the Passenger vehicle (PV) sales figure in India witnessed a decline of 41 percent in September on a year-on year as auto manufacturers struggled to produce required number of units owing to semiconductor shortage. The sales figures of EV two-wheelers, however, stood at 1,408 units in this year September in comparison to same month last year where only 295 units were sold of the same.
The 2ndquarter figures from July to September, states that domestic sale of EV two-wheelers stood at 3,691 units in 2021 whereas last year in 2ndquarter only 653 units were sold of the same.
EV charging infrastructure manufacturers have stated that although the allied segment has not come to a standstill, the growth curve has dipped due to the component shortage. Industry experts have said that the growth curve, which was anticipated by the sector given rise in popularity of EVs, is not able to transpire due to disruption in production and sales of the vehicles.
With lower number rate of production of EVs in the market, charging infrastructure manufacturers are hoping that the situation will become more favourable if there is localisation of semiconductor manufacturing in the country. The automobile industry is hoping of streamlining of vehicle manufacturing from next year January onwards.
