Gurugram, July 17 -- Sanjeev Chawla, Additional Development Commissioner, MSME DFO, Karnal, Government of Haryana, said that as NITI Aayog has projected that electric vehicle penetration in India is set to rise to 30 per cent by 2030, the industry must invest in innovation to capture the "massive opportunity" for the domestic automotive supply chain.

Speaking at the EV Ancillaries and Auto Components Conclave 2026 organised by ASSOCHAM Northern Region in Gurugram, Chawla said that electric vehicle component manufacturers must innovate, document intellectual property (IP), and scale up to capture India's EV opportunity.

He said long-term industry success relies heavily on creating proprietary technology and leveraging government support ...