Praveen Pothumahanty

*EV penetrating in India*. Electric vehicles (EVs) are expected to see increasing penetration in India, especially in the two-wheeler (2W) and three-wheeler (3W) segments:  1.      2W: The 2W EV market is expected to see a penetration of about 10% by 2025 and 30% by 2030. In May 2024, Ola, TVS, and Bajaj were the top-selling 2W EV OEMs, accounting for 75% of total sales.  2.      3W: The 3W EV market is expected to see a penetration of about 40% by 2025 and 70% by 2030. In March 2024, the penetration of EVs in the passenger 3W auto segment was 24.3%, and in the cargo 3W auto segment it was 45%.  3.      4W: The 4W EV market is expected to see a penetration of about 10% by 2025 and 25% by 2030.  EVs are expected to see a 40–45% adoption rate for 2W vehicles and 15–20% for 4W passenger vehicles by 2030. In Mar 2024, the overall penetration of EVs in the 2W market was 9.1%. For passenger 3W autos, it was 24.3%, and for cargo 3W autos, it was 45%. This article aims to showcase where EV sales stand when compared with the overall vehicle sales in the 2W and 3W categories.   India EV penetration to be 15% by 2030 FY25 will be a critical year for the industry, in our view, given multiple EV model launches (some of which could be at lower price points) from market leaders, TTMT, Hyundai, and MM and most importantly the potential entry of MSIL, the market leader in the ICE segment. However, any negative development in incentives could pose an additional headwind to our assumption,” mentions the India electric vehicle report. Further, the report states that India could be Asia’s next electric vehicle powerhouse with a comprehensive battery cell manufacturing plant announced

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Mahindra Group is betting big on #electric, and why not? Auto makers can meet fuel efficiency norms or CAFÉ standards by either making ICE vehicles more efficient or by introducing new technologies like battery electric and fuel cell. It's great to see Indian OEMs like Mahindra, Tata, and others betting on electric vehicles. Another important takeaway is that if #CAFÉ standards are made more stringent, we will see the scaling up of new technology much faster—and the best part is that the government won't need to provide any financial assistance. https://lnkd.in/gqSa_dBt Dr. Hanif Qureshi, IPS The International Council on Clean Transportation ICCT India @beeindiadigital #ElectricVehicles #Sustainability #Innovation #AutoIndustry #Mahindra #Tata #CAFÉStandards #GreenTech

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Government to launch roadmap for electric mobility R&D on July 16 On July 16, 2024, the Office of the Principal Scientific Adviser to the Government of India will launch the “E-Mobility R&D Roadmap.” This document outlines the technical areas and research projects that require immediate action over the next five years to reduce the nation’s dependence on petroleum and coal imports Read more at: https://lnkd.in/gg-Bsik6

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🚍 Demand for Electric Buses to Remain Robust in India in FY25 Amid Government Push 🚍 The demand for electric buses in India is set to soar in the coming years, thanks to a strong focus on cleaner transportation systems and various government initiatives. 🚀 Here's a quick snapshot: 🔋 Government Initiatives: Unveiling of the PM e-bus Sewa Scheme. USD 2.4 billion allocated to deploy and operate 10,000 electric buses. Public-private partnership model across 169 eligible cities. 🚌 Deployment Timeline: Eco-friendly electric buses to hit the roads in 2024. Full deployment anticipated by 2026. 📈 Growth in Registrations: Electric heavy passenger vehicles (e-HPVs) registrations surged from 217 units in FY21 to 3,400 units in FY24. Electric light passenger vehicles (e-LPV) registrations increased from 360 units to over 10,500 units in the same period. 🔄 Driving Factors: ➡ Rapid urbanization and increased demand for sustainable public transportation. ➡ Heightened environmental concerns. ➡ Reduction in large oil import bills due to diesel vehicles. ➡ Technological advancements and improved battery charging infrastructure. 🌱 The shift towards electric buses and light commercial vehicles (LCVs) is evident and promising for India's cleaner and greener future. 🌏 #ElectricBuses #CleanEnergy #SustainableTransport #GovernmentInitiatives #GreenFuture Source: https://lnkd.in/ggjnRPxk

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🔌🏍️ Electric motorbikes are gearing up to lead the EV diffusion. 🔋🚀 Electric motorbikes are gearing up to take charge of the EV market, matching ICE models in performance, range, and price. Here's what's buzzing: 🛵 E-scooters have led the two-wheeler EV sector, but the tide is turning with high-performance, zero-emission e-motorcycles ready to hit Indian roads. 📈 Bain India predicts e-motorcycle penetration to soar to over 30% of the motorcycle market by 2030, up from less than 1% today. ⚡️ Several startups including Revolt Motors, Matter Electric Motorcycles, Oben Electric, Ultraviolette, Komaki, Tork Motors, Orxa Energies and Kabira Mobility, and some of the traditional motorcycle majors including Royal Enfield are firming up new electric motorcycle launches over the next few months. 🌟 "We're on the brink of an electrifying era," says Vasudha Madhavan, CEO of Ostara Advisors, foreseeing a unicorn in the e-motorcycle space within 3-5 years. 🔋 With falling battery prices, e-motorcycles achieve price and range parity with ICE counterparts, making them more accessible to consumers. 🚀 Advanced technology like instant torque and ride-by-wire is driving consumer preference towards higher-end electric motorcycles, mirroring trends in the ICE segment. 💡 "Consumers demand performance parity," affirms Ranjita Ravi, cofounder of Orxa Energies, highlighting the shift towards electric vehicles. Get ready to ride the electric wave as e-motorcycles become mainstream in the next 12-18 months! 🌊⚡️ Orxa Energies Revolt Motors Ultraviolette Automotive Matter Oben Electric ECO Green Electric Komaki Tork Motors Kabira Mobility Royal Enfield Vasudha Madhavan Ranjita Ravi ETAuto #electricvehicles #sustainability #ElectricRevolution #EMotorcycles #EVSpace #SustainableFuture source: https://lnkd.in/gUC7vPvS

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