KPMG organises TV panel discussion on the EV scenario in India

05 February 2019 Consultancy.in

Global professional services firm KPMG is playing its part in the debate around electric vehicles (EV) currently prevalent in the Indian market. The consulting firm has collaborated with CNBC TV18 to organise a panel discussion on the topic, titled ‘Energy in new age mobility.’

Ahead of the budget speech due in a few weeks, a number of government targets are being examined in terms of the progress being made therein. The electrification of India’s private transport sector is high on the list of these targets, given the government’s ambitious goal of achieving 100% electrification by 2030.

Experts have anticipated substantial tax cuts on the import of un-assembled EVs in the budget in order to accelerate progress towards these goals, while simultaneously boosting the ‘Make in India’ goals. Nevertheless, the actual level of electrification by 2030 is anticipated to reach between 30% and 40%.

Big Four accounting and advisory firm KPMG has organised a TV panel discussion to raise awareness around the varying opinions on the issue amongst the various stakeholders involved. The discussion was organised in collaboration with CNBC TV18, and covered various aspects including infrastructure for EVs and the costs of batteries and other implements.

KPMG organises TV panel discussion on the EV scenario in India

KPMG has previously offered its insights on the issue, placing the lack of adequate infrastructure and the costs of manufacturing as the most prominent barriers to electrification. Participants in the discussion saw greater investment as the best solution to this scenario.

Managing Director of Hero Eco Naveen Munjal said, “The whole supply chain in India has to be created and that goes right from the chargers, the batteries, etc., Everything has to be created. You have to invest and the market will follow. The battery prices are slated to come down to where we are in next 10 years.”

Representation for the government came in the form of advisor to the NITI Aayog Anil Srivastava, who indicated that the organisation had elaborate designs in place to develop the necessary infrastructure and predicted that the country would be manufacturing as many as 35 million EVs by 2030.

Partner & Lead of KPMG India’s Alternate Energies Practice Santosh Kamath said, “We need to address two things, first is the range anxiety problems, which means charging infrastructure. Second is to create a bit more of consumer awareness and we need to think of a non-fiscal incentives also, green number plates, ease of registration, and so on.”

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Active Holiday Company to support with TCS New York City Marathon

29 March 2019 Consultancy.in

This year’s New York City Marathon – sponsored by Indian IT services giant TCS – has become the first ever to collaborate with an Indian tourism company to facilitate the travel of Indian runners to New York to participate. The marathon is due to take place in early November this year. 

TCS has been expanding in profile across the US market, primarily through increasing investments in the country. Not only has the firm come to be engaged in a number of major projects in the US, but it has also built a favourable profile in the country through a number of other initiatives.

One such initiative is its position as the primary sponsor for the biggest marathon in the world – the TCS New York City Marathon – which hosted nearly 60,000 participants last year. Alongside its general popularity, participation in the event is secured through international collaboration with travel companies.

The event’s organisers – New York Road Runners (NYRR) – make collaborative arrangements with travel and tourism firms in more than 50 countries across the globe in order to create avenues for international participants to travel to the Big Apple to participate in the TCS New York City Marathon.

Active Holiday Company to support with TCS New York City Marathon

India has substantial representation amongst the participants in the race and ranks in the top 20 countries of origin amongst participants. Where the NYRR has historically appointed international firms to facilitate participation from India, Active Holiday Company from Bangalore will be Indian partner this year.

Marathon tours are among the primary services offered by Active Holiday Company, and the firm has an international network of Marathon Partners including the Virgin Money London Marathon as well as the Bank of America Chicago Marathon.

Commenting on its appointment, Gauri Jayram, Founder of Active Holiday Company said, “We are incredibly proud to be part of the 2019 TCS New York City Marathon, one of the world’s greatest marathons! Since 2014, we have served hundreds of Indians running International races and we believe that we have tremendous value to add to the runners’ experience, which is the ultimate aim of NYRR as well.”

Michael Capiraso, President & CEO of the NYRR added, “We’re excited to welcome Active Holiday Company as an official International Tour Operator for the 2019 TCS New York City Marathon and are eager to further engage with the running community in India through this partnership.”