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Majority of EV owners have safety concerns and want customised solutions: ACKO survey

Majority of EV owners have safety concerns and want customised solutions: ACKO survey

by AIP Online Bureau | Dec 5, 2022 | Eco/Invest/Demography, Non-Life, Technology

With the growing popularity of EVs, the demand for customized insurance products has also gathered steam. 79% of respondents said they want a customized insurance solution for their EVs and 67% are ready to pay a premium for that. However, 53% said that there is a...

Automakers to double spending on EVs, batteries to $1.2 trillion by 2030

by AIP Online Bureau | Oct 24, 2022 | Data, Eco/Invest/Demography, International News, Technology

To support that unprecedented level of EVs, carmakers and their battery partners are planning to install 5.8 terawatt-hours of battery production capacity by 2030, according to data from Benchmark Mineral Intelligence and the manufacturers The world’s top...

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...
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