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News on Medial
Policy Uncertainty Makes It Tough To Predict EV Profitability: Bajaj
Inc42
·
1y ago
Medial
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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Mint Long Story: India’s EV dreams caught between rare earth and a hard place
Livemint
·
1m ago
Medial
India's electric vehicle (EV) ambitions face significant hurdles due to China's control over rare earth elements crucial for EV manufacturing. China's export restrictions on these materials could severely impact investment and growth in India's EV sector. Bajaj Auto's leadership has expressed serious concerns, noting the absence of short-term solutions. While alternatives to these rare earth magnets exist, developing them will require time, increasing uncertainty in the already challenged EV industry.
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Paytm Shares: Is The Worst Over? Profitability To Drive Future Trajectory
OutlookIndia
·
2m ago
Medial
Paytm's share price has rebounded significantly in recent months, turning multibagger after a tough period. Market analysts are optimistic, citing reduced regulatory headwinds and a clearer path to profitability. Recent developments, such as stake sales and strategic deals, have boosted confidence. Despite ongoing challenges, Paytm is positioned for long-term growth in the fintech sector. However, analysts remain cautious about the stock reaching its IPO price, but predict a stable outlook for 2025.
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Healthcare investors are torn on Trump's second term
Business Insider
·
9m ago
Medial
Some healthcare investors are uncertain about what a second term for Donald Trump could mean for the industry. While some are hopeful for potential exits and deals, others are worried about the impact on healthcare access and policies. Trump has expressed interest in making changes to healthcare policy, including boosting Medicare Advantage plans and cutting Medicaid spending. This uncertainty makes it difficult for investors to make long-term investment decisions. While the potential for exit opportunities is welcomed, there are concerns about the effects on startups and patients.
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Two-Wheeler EV Sales Slowdown In Sept; Ola Electric’s Market Share Drops, Bajaj Overtakes TVS
Inc42
·
10m ago
Medial
- 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.
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Delhi government mulling to extend EV policy as new policy still in works
Economic Times
·
28d ago
Medial
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.
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Delhi's EV policy may create 20,000 jobs; focus on battery swapping and charging network
YourStory
·
3m ago
Medial
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.
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Digital lending company Revfin targets Rs 750 Cr in disbursements for FY26
YourStory
·
3m ago
Medial
Revfin, a digital lending platform, aims to achieve Rs 750 crore in disbursements by FY2026, focusing on significant growth within the EV financing sector. The company plans to finance 24,000 EVs in FY2025, leveraging partnerships with major firms like Bajaj Auto and Tata Motors. Revfin has announced key leadership appointments to drive this growth. Their strategic shift towards heavier EVs aims to replace traditional internal combustion vehicles, emphasizing people, processes, and profitability for future expansion.
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VinFast hails India’s new EV policy, pledges $500 million
Thehindubusinessline
·
1y ago
Medial
Vietnamese electric vehicle manufacturer VinFast has expressed its support for India's new electric vehicle (EV) policy, stating that it will drive investments, enhance skills, and establish a strong supply chain. VinFast is planning to set up an integrated EV plant in Tamil Nadu, with an initial capacity of 50,000 vehicles per year. The Indian government's EV policy will allow companies that invest at least ₹4,150 crore to import a limited number of vehicles at reduced customs duties, in an effort to attract multinational companies and promote India as a manufacturing destination. Ola Electric CEO Bhavish Aggarwal also welcomed the policy, stating it will strengthen India's manufacturing ecosystem and move the country towards a greener future.
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‘Ola toh Ola hai, Chetak shola hai’: Rajiv Bajaj takes dig at Ola Electric | Company Business News
Livemint
·
8m ago
Medial
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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Elon Musk-owned X's content moderation shift complicated effort to win back brands, says former brand safety head
Economic Times
·
1y ago
Medial
In his first interview after resigning from the company in June, which was then called Twitter, AJ Brown said helping advertisers understand the shift in the policy was tough. "Helping people wrap their minds around the concept that violating a policy would no longer result in the removal of whatever was violating the policy, was a difficult message to communicate to people," he said.
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