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Electric vehicles on Indian roads to touch 5cr by 2030; big opportunity for EV charging players: KPMG

by AIP Online Bureau | Aug 31, 2022 | Data, Technology

”As of March 2022, the number of EVs on Indian roads had surpassed one million. This number is likely to grow to 45-50 million EVs on road by 2030,” it said ‘Currently, only about 1,700 public charging stations are operational across the country...

EV fire incidents: Consumer protection regulator issues notices to 4-5 cos

by AIP Online Bureau | Jul 26, 2022 | Eco/Invest/Demography, Indian News, Technology

Central Consumer Protection Authority (CCPA) Chief Commissioner Nidhi Khare said the authority will commence the hearing on this matter soon.”We have issued notices to 4-5 companies. We asked them to provide reasons for series of fire incidents in EVs and why...
LIC improves its embedded value to Rs.5,41,492 crore as of March 22, VNB margin rises to 15.1 per cent

LIC improves its embedded value to Rs.5,41,492 crore as of March 22, VNB margin rises to 15.1 per cent

by AIP Online Bureau | Jul 14, 2022 | Indian News, Life

MR Kumar, chairman,LIC LIC’s VNB (Value of New Business ) margin, for the year ended Fy 2021-22 is 15.1 per cent as compared to VNB margin of 9.9 per cent for Fy 2020-21 The corporation’s VNB for year ended March 31, 2022 has been calculated to be Rs 7,619...
Global EV shipments up 79% YoY in Q1, Tesla leads: Report

Global EV shipments up 79% YoY in Q1, Tesla leads: Report

by AIP Online Bureau | Jul 9, 2022 | Eco/Invest/Demography, International News, Technology

“With EVs comprising just 12 per cent of the total passenger vehicle shipments during the first quarter of 2022, there is a lot of scope for expansion. Fresh players are entering the market to benefit from the opportunity,” Senior Research Analyst Soumen...
Electric vehicles could take 33% of global sales by 2028-AlixPartners

Electric vehicles could take 33% of global sales by 2028-AlixPartners

by AIP Online Bureau | Jun 23, 2022 | International News, Non-Life, Technology

EVs accounted for less than 8% of global sales last year, and just under 10% in the first quarter of 2022 To support that demand, automakers and suppliers now expect to invest at least $526 billion on EVs and batteries from 2022-2026, the firm said at its annual...
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