market outlook Archives

Indian automotive industry could reach $1 trillion by 2035 driven by exports, technology, and innovation: Arthur D. Little Report

October 19, 2023November 7, 2023News Desk

Arthur D. Little, the world’s oldest management consulting firm, has released a new report titled “Transforming India into a Global Automotive Hub: Roadmap for the Automotive Ecosystem”. The report explores the key areas of automotive value creation in India, such as becoming a destination for global platforms, achieving global scale in software and ER&D, striving […]

Volume growth of e2Ws to slow to ~25% this fiscal

October 9, 2023October 25, 2023News Desk

Subsidy cut a speed bump, but manufacturers are adapting to the new regime After almost trebling to 7.3 lakh units1last fiscal, volume growth of electric two-wheelers (e2Ws) is set to slow to ~25% this fiscal following the recent reduction of subsidy under the FAME-II scheme and consequent price hikes in existing models. The good part […]

Indian automotive components sector revenue to grow 10-12% this fiscal

June 22, 2023June 23, 2023News Desk

The Indian automotive components sector will clock 10-12% growth in revenue in fiscal 2024, riding on continuing domestic growth buoyed by robust demand from original equipment manufacturers (OEMs)1 on the back of high base of past fiscals, and steady aftermarket demand. This is despite exports continuing to remain sluggish. Continuing demand momentum, driven by OEMs, […]

EV battery manufacturing to drive demand for 2,400 acres of land by 2030: CBRE

June 7, 2023June 12, 2023News Desk

CBRE South Asia Pvt. Ltd., India’s leading real estate consulting firm, has announced the findings of its report, ‘Electric Vehicles in India – New Wheels on the Roads’. The report focuses on the real estate strategies for various stakeholders in the electric vehicle manufacturing lifecycle. According to the report, real estate requirements for manufacturing EV batteries are […]

EV share in auto components to be 9-11% by fiscal 2027

July 27, 2022July 27, 2022News Desk

Shift presents both opportunities and challenges for auto component players Revenue of the electric vehicle (EV) components’ market in India is likely to rev up at a compound annual growth rate of ~76% to Rs 72,500 crore in fiscal 2027 from Rs 4,300 crore last fiscal. That will take the share of EVs in the […]

EV Charging Sessions to Exceed 1.5 Billion by 2026 Globally

November 23, 2021November 30, 2021News Desk

A new study from Juniper Research has found the global volume of EV charging sessions, where an EV’s battery is charged using a charging point, will exceed 1.5 billion per annum in 2026, from just 200 million in 2021. This remarkable growth rate of more than 665% over the next five years will be driven […]

State governments facilitating electric two-wheeler financing will boost EV adoption in India: GlobalData

April 2, 2021April 5, 2021News Desk

Following the news that New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has sought expressions of interest from prospective electric vehicle (EV) suppliers to buy over 100,000 electric two-wheelers, Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers her view. “The announcement is positive for the […]

80% Willing to Purchase EV at Price Parity: Lithium Survey

March 30, 2021March 30, 2021News Desk

Preference led by Gen Z and millennials; top 2 reasons include cost efficiency and environmental sustainability. 88% reveal they would use office transportation if sustainable in nature COVID-19 has been a trigger for many around the world with regard to their habits and conscious choices have been made towards living a sustainable lifestyle, particularly for […]

The Future of EVs post COVID-19

February 7, 2021February 8, 2021News Desk

By Anurag Garg, Managing Director & Country Head, Vitesco Technologies India The automotive sector is currently undergoing what is arguably the biggest transformation in its entire history. The challenge is to achieve a dual technological transformation: from fossil fuels to renewably generated electricity, and from analog to digital technology. At this same time, this year hit […]

Tesla to sustain growth momentum in coming years as it innovates faster than rivals: global data

January 29, 2021February 1, 2021News Desk

Tesla is the automaker of the future with its transformation towards smarter and cleaner mobility globally. The company’s innovation-driven approach and its high expenditure on capital ensures that it stays ahead of its peers. A continuing focus on new product development and product scaling, along with its plan to enter emerging markets, such as India, […]

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