Electric Vehicles market is at the cusp of seeing significant growth and adoptions. Some of the studies estimate the EV market to be around USD 7 Billion by 2025. India EV market is expected to be fourth largest over next 20 years. This transformation in the automobile industry provides a strong opportunity to startups and SMBs for contributing for the growth of EVs. Indian government is promoting growth in this space by creating an environment to foster the startups and small business and investing in their growth.
Startups and SMBs are challenged by the limited funding and access to expertise related to advanced design & development process - most often – entails higher cost. Also, small business does not have deep pockets to take the level of risk that big business affords to. While product / engineering innovation is the best option to reduce business risk for startups and SMBs, it must be done with minimal risk, cost and time.
The most cost-effective way to realize the innovation within stringent delivery timeline is by adopting the virtualization in every aspect of product development.
Some of the studies by global Startups and MSMs have established the benefits derived from simulation in electric vehicles component design. Simulation has helped a luxury electric vehicle startup compress product development cycle and ensure vehicle launch within 3 years. Another traction machine startup was able to develop 20% less expensive motors while increasing overall reliability. An EV charging startup was able to evaluate EMI EMC challenges upfront in the design workflow and reduced the testing cost for certification.
Simulation helps the automotive industry to meet some of the stringent goals such as:
In this background, the Tamil Nadu Technology Development & Promotion Centre of CII is organizing the Conference on Accelerating Self Reliant Innovation: Design & Development of EV Components on 10 March 2021 (Wednesday) between 1030 Hrs – 1310 Hrs in Cisco WebEx Platform.
Join this virtual event where industry experts will try to put forward the challenges in component development for electric powertrain and discuss how simulation led design helps to reduce the cost, risk and development time.
R&D Engineers / Heads / Managers
Design Engineers / Heads / Managers
Product Development Engineers / Heads / Managers
EV Component Suppliers
For more details, please contact Mr K S Johnson @ 9840948053 / Email: email@example.com