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ISSN 2063-5346
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A Study of project management strategy of EV technology as an option for the Indian automobile industry to improve organizational performance

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Sumitkumar Kambale, Dr.(Prof)Yogesh W Bhowte
» doi: 10.31838/ecb/2023.12.si4.076

Abstract

Electric vehicles are being introduced in India in addition to hybrid engine vehicles. There are existing project management strategies for the automobile industry to reduce cost and time but in the EV segment organizations need to update the structure of project management strategies (Initiation, Planning, Monitoring, and controlling Execution, and Closer). Now organizations are working on the skill updating of employees to develop the standard in the EV segment. In India, the EV adoption rate is increased due to fuel costs now the automobile industry has a very good opportunity to improve the performance of the organization and start making project management strategies to improve the adoption ratio. The Organizational structure and project management strategies are needed to improve in the automobile industry to increase organizational performance. The automobile market is now in the transformation phase and EV technology is the option for the Indian automobile industry. Nowadays EV sale is increasing in the worldwide automobile sector with an annual growth rate of 21.7 %by 2023 and it is expected to grow to 39.21 million units globally.

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