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Policy Uncertainty Makes It Tough To Predict EV Profitability: Bajaj

Inc42 · 1y ago

Policy Uncertainty Makes It Tough To Predict EV Profitability: Bajaj

Rajiv Bajaj acknowledged the difficulty in predicting profitability in the EV market due to various factors, including pricing. He mentioned that the company is not overly concerned about subsidies as they have a strong 20% EBITDA margin. These comments coincide with the statement from the heavy industries minister HD Kumaraswamy, who indicated that the FAME-III scheme may not be included in the Budget 2024-25.

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Two-Wheeler EV Sales Slowdown In Sept; Ola Electric’s Market Share Drops, Bajaj Overtakes TVS

Inc42 · 11m ago

Two-Wheeler EV Sales Slowdown In Sept; Ola Electric’s Market Share Drops, Bajaj Overtakes TVS

- Bajaj Auto's electric scooter (escooter) sales reached an all-time high in September, surpassing TVS Motor in India. - Bajaj Auto recorded 18,933 electric vehicle (EV) registrations in September, up from 16,650 units in August. - Bajaj Chetak sales witnessed a remarkable 166% year-on-year growth. - The surge in Bajaj Auto's EV registrations indicates a shift in the Indian market towards electric two-wheelers. - This sales surge brings Bajaj Auto closer to Ola Electric in terms of registrations.

Delhi government mulling to extend EV policy as new policy still in works

Economic Times

Economic Times · 1m ago

Delhi government mulling to extend EV policy as new policy still in works

The Delhi government is considering extending its Electric Vehicle (EV) policy, set to expire on July 15, as a new policy is still under development. Initially launched in August 2020, the policy sought to curb vehicular pollution and increase EV adoption to 25% by 2024. The proposed EV Policy 2.0 aims to provide incentives for EV purchases, potentially creating 20,000 jobs and establishing extensive vehicle charging infrastructure, until new policy formulation completes.

Delhi's EV policy may create 20,000 jobs; focus on battery swapping and charging network

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Delhi's EV policy may create 20,000 jobs; focus on battery swapping and charging network

Delhi's electric vehicle (EV) policy 2.0 aims to generate up to 20,000 jobs, promote EV adoption, and reduce pollution by transitioning to electric two-wheelers, buses, three-wheelers, and goods carriers. By 2027, 95% of new registrations aim to be electric. It plans city-wide charging infrastructure, battery collection centers, and an EV-skilled workforce. The policy includes phasing out CNG and fossil fuel vehicles, enhancing EV training and public outreach, and establishing a Delhi Clean Mobility Center.

Digital lending company Revfin targets Rs 750 Cr in disbursements for FY26

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Digital lending company Revfin targets Rs 750 Cr in disbursements for FY26

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Thehindubusinessline · 1y ago

VinFast hails India’s new EV policy, pledges $500 million

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Growth hunters and margin hawks: The two blocs in India's IT industry

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Growth hunters and margin hawks: The two blocs in India's IT industry

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‘Ola toh Ola hai, Chetak shola hai’: Rajiv Bajaj takes dig at Ola Electric | Company Business News

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Livemint · 8m ago

‘Ola toh Ola hai, Chetak shola hai’: Rajiv Bajaj takes dig at Ola Electric | Company Business News

Bajaj Auto's CEO Rajiv Bajaj claimed that the Bajaj Chetak has become the best-selling electric scooter in India, surpassing rival Ola. With over 300,000 units sold to date, Bajaj Auto is set to launch a new model of the Chetak on December 20. Ola Electric currently leads the electric two-wheeler market in terms of market share, but Bajaj's announcement showcases the growing competition in India's EV market.

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