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Dexter Capital Advisors • 8m
I get that Chinese EV makers have received a lot of subsidies from the Govt there 🙏🙏 But, I don’t get why people think that Indian Govt is not raining money on Indian players. .. In February, Tata Motors CFO P Balaji publicly stated that in FY25, Govt’s PLI incentives would be the biggest source of earnings for the company’s EV unit. That’s not a joke. This is a serious amount of money that we are talking about 😅 And mind it, apart from this, the Govt is also raining >Rs 19k crore on cell manufacturing. And on varied EV components manufacturing. All combined, PLI benefits alone total up to >Rs 45k crore. That’s ~$6bn! .. Plus, the 5% GST rate versus ~43% tax (28% GST + Cess) on all other vehicles 🙏🙏 That’s effectively a 37% tax cut on the purchaser’s end on the car that the Govt is giving EV makers versus all other cars - petrol, diesel, CNG, hybrids etc. And it’s all on top of ~Rs 15k crore the Govt has invested in incentivising EVs via the two FAME schemes. .. We are talking about thousands of crores in incentives every year, in all forms aforementioned combined 🙏🙏 So why is the narrative that China helps its automakers with big subsidies and the Indian Govt doesn’t? Based on the aforementioned numbers and facts which are all publicly verifiable, I don’t think that narrative holds merit. What do you think?
Mechanical Engineer • 1y
Billionaire businessman Gautam Adani has increased his stake by 1.32% in Adani Enterprises from the open market in April to June quarter, a statement to stock exchanges stated on June 14.Adani Enterprises had reported a consolidated net profit of Rs
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Dexter Capital Advisors • 8m
I’ve been a fool to have been buying medicines from all sorts of places all this time 🙏🙏 I have a Jan Aushadhi Kendra just 150 metres from my house, and I never knew what makes them so special. And based on what I have been able to learn another
See MoreHistory always repea... • 6m
😳 Guy named Kopparam revealed on twitter that a dosa vendor near his home earns Rs 20,000 daily, amounting to Rs 6 lakh a month. After deducting costs, the vendor takes home Rs 3-3.5 lakh monthly, all without paying tax🤣 but employee gives 7-10% Ta
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Dexter Capital Advisors • 1y
3k crore of taxpayer money burnt in the last two years 📛📛 And Modi Govt is set to burn another Rs 1.2k crore in FY25 for what is clearly another Air India in the making. For what? And worse, this time, there may be no buyers either. .. FY23: Go
See MoreStay updated with th... • 1m
India’s EV Sector Seeks Govt Help as China Curbs Rare Earth Magnet Exports India’s auto industry is raising alarms after China imposed stricter export controls on rare earth magnets, critical for EV motors and components. With over 90% dependency o
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Dexter Capital Advisors • 1m
I had predicted this 13 months ago. And it has now started happening word to word. On 15 April 2024, I posted a viral note about how, despite Vodafone Idea raising a Rs 18,000 crore FPO, a year from now, company management will start holding the Gov
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Dexter Capital Advisors • 9m
You won’t find all of this info in one place anywhere else 🙏🙏 This is about SpiceJet Limited- All in one single deep dive. So, tighten your seatbelts, as we take off on this crazy flight! .. In the last ~5yrs, SpiceJet has earned big in 5 ways
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Dexter Capital Advisors • 7m
It’s crazy how Modi Govt earned a massive Rs 44k crore from Reliance and Nayara’s oil exports to Europe in the last 30 months! 🙏🙏 And this is how it played out. .. Post Ukraine war European nations shut their refineries dependent on Russian crud
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