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Sales of EVs is on a growth path, led by the two-wheeler segment. Penetration of electric two-wheelers in the overall two-wheeler sales increased to about 5% in FY23, though the pace of adoption has slowed over the past few months owing to the reduction in subsidy. To offset the vehicle cost hike owing to reduction in subsidy, electric two wheeler OEMs recently introduced de-spec versions of their existing electric scooters.
The solar PV module manufacturing capacity in India is relatively low and is largely restricted to the last manufacturing stage. The PLI scheme is expected to change this, with integrated module units expected to come up in India over the medium term.
The domestic solar photovoltaic (PV) module manufacturing capacity is expected to touch 60 gigawatts (GW) by 2025, according to Icra. At 60 GW, there will be a 62 per cent growth in module manufacturing capacity compared to the current level of 37 GW, the rating agency said on Monday. It is
The company recorded consolidated revenue of Rs 552.5 crore and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of Rs 164.9 crore in Q2.