India, the fifth world economy, should maintain growth of more than 6% between 2026 and 2031, S&P Global estimates – Similar to prices in China in the early 2000s who helped European car manufacturers earn record profits.
It also quickly goes from combustion engines (ICE) to electric vehicles, with S&P predicting that the share of ICEs will decrease to 35% by 2035. The largest challenge for the country in transition, however, is to charge infrastructure.
The two parties will undertake to cooperate on harmonization standards for EV load infrastructure and have set up a “joint research cooperation” focused on recycling batteries for electric cars, the press release said. The projects will have a budget of 60 million euros which should come from the Horizon Europe program and “corresponding Indian contributions”.
Brussels and New Delhi also want to unite their forces on artificial intelligence, semiconductors and telecommunications, in parallel with a pressure for “secure and reliable” connectivity – code for networks without Chinese.
Plans include more joint R&D in the design of fleas, trade in talents, a new memorandum of understanding on 6G and stronger links between the AI office of the Commission and the Indian AI mission while India is preparing to accommodate the next International IA summit.
The declaration could still change in the days before the February 28 talks in New Delhi. After a two -year interruption since the first TTC, the two parties will organize their third meeting “within one year”, adds the document.
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