Auto Ancillaries’ Revenues To Grow By 8-10% In FY2023 - ICRA
Capex spend of the auto ancillary sample for FY22 as a proportion of their operating income was 5.9%, lower than pre-COVID levels of more than 7.5%.
Electric Three-Wheelers Are Now The Poster Boy Of India’s EV Adoption
The e3W segment was able to occupy more than 56% share of the total three-wheelers market in India in May 2022. This is because the three-wheeler segment has become the fastest adopter of an electric drivetrain.
Manufacturing In Automotive Sector To Register Moderate Growth - FICCI
The automotive sector is forecast to show moderate growth during the Q1FY23 compared with Q1FY22. It had utilised 80% of its manufacturing capability during Q4FY22.
India Has An Opportunity To Tap $500 Bn Semiconductor Manufacturing Supply Chain - IESA
To sustain the current accelerated market demand for semiconductors and ultra-volatile markets, the growing number of semiconductor manufacturing facilities worldwide are constantly looking to diversify their supply chains.
By 2030, Over 30% Of Vehicles Sold In India Will Be Electric
EV adoption for passenger vehicles is likely to be a mere 10% by the end of the period, amounting to a strikingly small 5% of total EV sales
Auto Industry Marches On Recovery Path In May 2022; Falls Short By 31% Compared To 2019
Although the industry posted a healthy 245%, YoY growth in May 2022 with retails of 1,532,809 units across all segments, which is more than what the industry managed in 2020, the data suggests that the numbers are down by 30.7% when compared to May 2019.
2W EV Sales Down in India, Will The Trend Continue?
As compared to 41,957 E2Ws sold in April 2022, only a total of 32,620 units were sold in May 2022
Indian Auto Industry Continues Flattish Run For The Third Month: FADA
Although the overall vehicle sales saw year-on-year growth of nearly 207% in May 2022, the FADA report suggests that the numbers are still short by 10% compared to May 2019.
EV Industry Needs To Introduce Commuter Motorcycles To Foster Growth
Electric scooters dominate Indian electric two-wheeler sales. The introduction of electric alternatives to ICE commuter motorcycles is likely to push greater adoption of EVs in the country.
May 2022 Auto Sales Closer To May 2019, But Commodity Prices A Concern
Every player in the Indian auto industry reported an upward growth in May 2022 domestic sales, with a majority of the players reporting a three-digit growth.