INSUBCONTINENT EXCLUSIVE:
According to a report, India's EV market is currently valued at $1 billion.Electric vehicles (EVs) is the top trending topic in the
the market has got many companies excited about the opportunity at hand
FAME 2 and production linked incentive (PLI) to catalyse the adoption of EVs in the country
commercial and passenger vehicles that caters to the needs of businesses and institutions as well as retail consumers.Tata Nexon, company's
flagship EV product is the most popular EV among Indian masses
year 2021, Tata Motors' passenger vehicles (PV) division turned out to be a star performer
Tata Motors has received an order of 500 EV buses under FAME 2, a scheme to promote faster adoption of EV's in the country
Moreover, Jaguar Land Rover (JLR), the company's luxury fleet, which accounts for 78% of its total revenue, will go all electric by
consumer confidence in India's EV ecosystem and drive the company's sales
with its turnaround 2.0 strategy in place, the company plans to be debt free by 2024
It expects to realise higher profits and creating value for its shareholders.Investors should expect to see lower debt on the company's
It invested a great deal of money to be the title sponsor of forthcoming season of the Indian Premier League (IPL).All its efforts may drive
the company's sales either in the short term or long term.The company's strategy is working in its favour as of now
Its financials in fiscal 2021 were much better than what it reported in fiscal 2020
The company reported higher EBITDA margins and positive free cash flow even though revenue declined
company has laid out plans to further strengthen its EV business.To start with, Sona Comstar has its eyes on India's electric 2-wheeler
India's electric 2-wheeler market is expected to grow at CAGR of 52% by 2030.In the last five years, two-wheeler sales in India were
If we consider a moderate 5% growth for the next 10 years, then by 2030, we are looking at 2-wheeler sales of 3 crore units
Even if one third of this is EV sales, that's 1 crore electric 2-wheelers per year.In the last 2 years, average electric 2-wheeler sales
From 1.5 lakh to 1 crore, that's a 66x opportunity in 2-wheeler EVs.This is an annual growth rate of 52% over next 10 years
higher sales as it expects manufacturers to replace ordinary DC motors with BLDC motors in order to make their products more efficient
However, many consumers are sceptical of the capabilities of EVs.To maintain a healthy balance, many manufacturers are opting for hybrid
starter generator (BSG) motor
about 4 times, accounting for 21% of global passenger vehicle (PV) sales in 2025
Comstar had 15 orders from EV manufacturers out of which 8 are under execution
to develop highly innovative and efficient components to cater the evolving demands of global EV manufacturers
The company conducts its R-D activities at 3 R-D centres located in India.In the financial year 2021, the company's R-D expenditure
accounted for 5.8% of its total revenue
It is expected that the company will allocate more towards R-D in the financial year 2022 so as to stay ahead of its competitors
2021, Ather Energy launched its first electric scooter, Ather 450x
Since then, it has expanded its distributorship across India
beneficiary of India's rapidly growing EV market
from its investment in Ather, the company is developing and manufacturing a range of electric 2-wheelers under the Hero brand.The company
recently announced it will double up its EV production capacity to 5 lakh units/annum
Also, it sold 15,000 electric scooters, highest in India for six months ended July 2021
Vehicles marketed under the Hero brand come with a battery swapping mechanism making it convenient for riders to power up their vehicles
accessible for its consumers
battery as a service, will only amplify the financials of Hero MotoCorp going forward, the glimpse of which could be witnessed in
The industry is witnessing multiple business models being proposed.Many opportunities are emerging
In such a scenario, the plans of the companies can help an investor get some clarity
impressed by a company's future plans
Only if investing was this simple!As long as you do a good job of knowing which developments will impact the long term fundamentals and
which ones won't, you are bound to do well.Happy investing!Disclaimer: This article is for information purposes only
been edited by TheIndianSubcontinent staff and is auto-generated from a syndicated feed.)
