Tag: ICRA Limited

Capex for EV components to cross Rs. 25,000 crore in next 3-4 years: ICRA

News Desk

Spurred by Government support in the form of subsidies, enhanced awareness, and increasing product launches, the electric vehicle (EV) segment in India has seen a significant upturn in prospects over the past two years. A confluence of factors such as improving product portfolio, charging infrastructure, and financing availability and a gradual decline in battery prices […]

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Adoption of EVs likely to witness mixed trends in CV space

News Desk

By Kinjal Shah, Vice President & Co-Group Head – Corporate Ratings, ICRA Limited The automotive industry, both in India and overseas, is experiencing rapid technological evolution, and electrification trends are gaining prominence across sectors. With commercial vehicles (CV) being significant contributors to vehicular pollution, governments are keen to accelerate electrification in the segment to achieve […]

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