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FY23 sales highest ever, PVs lead, 2W lag In FY23, the sales of passenger vehicles in India seems to have reached an all-time high of 3.9mn units, recovering fully from the Covid induced slow down in the previous two financial years. In the next three years the sale of passenger vehicles in India is estimated to cross half a million mark. Two-wheeler and commercial vehicle sales have been slow to recover. These are expected to reach their all-time high levels in FY24e. Overall, 21.4million units of automobiles are expected to have been sold in FY23. The number is expected to increase to 24.7mn in FY24e and 28.7mn in FY25, registering an annual growth rate of over 15%. Besides local sales, Indian manufacturers exported about 3.7mn units of two wheelers and about one million units of other vehicles to other countries in FY23. Government pushing for faster adoption of EVs The government has identified automobile carbon emission as one of the primary sources of air pollution in Ind...

  In the past 3months, the NITI Aayog has published two important reports regarding electric mobility in India. The first report presents a blueprint for inclusion of electric vehicles (EVs) in priority sector lending to stimulate the demand for EVs. The second report, emphasises on the need for advanced chemistry cell energy storage in India. These two are inarguably amongst the primary considerations to promote faster and wider adoption of clean fuel operated mobility solutions in the country. It is pertinent to note in this context that India has committed to the global community that by the year 2030, the share of electric vehicles in the total vehicles sold in India would be 30% (EV30@30). The key highlights of the NITI Aayog’s reports are as follows: Facilitating easy and adequate credit for EVs ·          Cumulative investment in India’s electric vehicle (EV) transition could be as large as INR 19.7 lakh crore ($US266 billion) ...

For a large part of 20 th   century Coal was a very important part of our lives. Railways, which were the largest medium of long distance inland travel, operated mostly on coal. An overwhelming proportion of electricity was generated using coal. The black gold was also a key ingredient for producing steel, cement, aluminium, copper, and a variety of chemicals. Things began to change slowly in second half of 20 th   century and change accelerated in the last quarter of the century. Petroleum and Natural Gas started to gain share as major source of transportation fuel, electricity production, industrial feed stock and medium for cooking. From last decade of 20 th   century, the share of renewable sources in India’s energy mix is also rising consistently. Nonetheless, coal remains the most important source of energy for Indian consumers and industry. As per the latest data published by USEIA, “primary energy consumption in India has nearly tripled between 1990 and 2018, reac...