According to Ind-Ra (India Ratings and Research), the 193% sequential and 15% YoY increase in the domestic auto sales volumes in June 2021 was due to the relaxation of localised lockdowns.

The company plans to set up a manufacturing facility and an R&D centre in collaboration with an OEM in Europe. It will also foray into the African market besides expanding in the domestic EV space.

Maharashtra Government has rolled out a revised EV (electric vehicle) policy for a cleaner environment and aims at 10% of newly registered vehicles in its major cities to be electric ones by 2025.

Bengaluru-based mobility and electric vehicle technology start-up, Cell Propulsion, recently raised funding of $2 Million (debt + equity) in a growth round from existing investors.

Emkay Global Financial Services released its Automobiles report recently, according to which the May’21 volumes were likely to be hit by the second Covid-19 wave and lockdowns across states.

The second covid wave has stalled the auto industry’s momentum recorded in 3Q-4QFY21, according to a recent report published by India Ratings and Research (Ind-Ra).

Research by CRISIL shows that the centre’s scrappage policy might not have many freight transporters replacing old vehicles with new ones. The scrappage volume of buses, two-wheelers and passenger vehicles will be limited.

The top auto players anticipate challenges in the areas of dealership activity, supply chain and customer movement. Analysts expect the impact of the second wave on the auto sector to be considerable.

In this interview with Rakesh Rao, Vikram Handa, Managing Director, Epsilon Carbon, highlights on the potential of lithium-ion battery market and growth opportunities for the company.