The finding of the 5.9 million tonnes of power metal lithium reserves in Jammu and Kashmir has significant geo-political and economic advantage for India, Sulajja Firodia Motwani, Founder and CEO of Kinetic Green Energy & Power Solution Ltd told IANS.
The Pune-based Kinetic group that rolled out the famous Luna moped and Kinetic Honda automatic scooters is now making electric vehicles (EV) like scooters, three-wheelers and buggies.
She also said India can become an export hub for EVs, components and subsystems to the world while reducing the cost for the vehicle buyers.
Motwani said the finding of lithium reserves is certainly a very encouraging discovery to help India in promoting e-mobility and achieving its net zero goals.
During the first eight months of this fiscal year from April to the end of November lithium battery imports touched 450 million units, worth $929 million, Motwani said citing a reply given in the Lok Sabha to a question.
“With this (domestic lithium), India could focus on making LFP chemistry batteries (lithium ferro phosphate batteries using lithium, iron, phosphate) domestically. LFP chemistry is best suited to Indian climatic conditions and also the safest chemistry,” she added.