New energy vehicles to gain acceptance by 2030: Survey

25 Sep 2024 CW Team

A recent survey revealed that a majority of new car buyers are expected to embrace new energy vehicles (NEVs) by 2030. According to the study conducted by Urban Science and The Harris Poll, around 83% of the 1,000 Indian participants said they would consider purchasing an NEV within the next decade. Additionally, buyers indicated a willingness to pay up to 49% more for an electric vehicle compared to a conventional petrol or diesel model.

The growing acceptance of NEVs in India is attributed to the rapid expansion of the public EV charging network, with over 6,000 stations already in operation across major cities and highways. This number is projected to exceed 100,000 by 2027, further bolstering the positive outlook for electric mobility.

The survey highlighted India's need to access advanced technology and production scale, similar to what China has achieved in the electric vehicle (EV) sector. China's dominance in lithium-ion battery production, electric motors, and charging infrastructure serves as a valuable reference for India's EV ambitions. Collaborating with Chinese companies could help India accelerate its EV development, making electric cars more affordable and accessible. The survey emphasised that learning from China's large-scale EV projects could enable India to avoid common challenges and fast-track its transition to electric mobility.(ET)

Real Estate

11 Mar 2026

Kumar Corp Launches Plumeria Project In Bengaluru

Kumar Corp has launched Kumar Plumeria, a premium residential development near KIADB Aerospace Park in Bengaluru. The project comprises six residential towers offering 3.5 BHK, 3.5 BHK with staff and 4.5 BHK with staff residences designed with expansive balconies, natural ventilation and landscaped surroundings. The development features saleable areas ranging from about 2,680 sq. ft. to 3,070 sq. ft. and is planned as a low-density community with around 100 residences. The project integrates a landscape master plan that includes open green spaces, community zones and recreational amenities. ..

Blum India Launches Blum Club App

Blum India has introduced the Blum Club app, a loyalty platform designed for carpenters and contractors to recognise and reward their role in furniture installation and interior construction. The app allows users to scan QR codes on Blum product packaging to collect points linked to purchases. These points can be redeemed directly as monetary transfers to bank accounts through the platform’s redemption system. Neelam Shah, Head of Marketing and Communications at Blum India, said the initiative is aimed at recognising the contribution of craftsmen who install hardware products in residentia..

Enlight Metals Launches Waste Free Steel Procurement Model

Enlight Metals has introduced its Waste Free Steel (WFS) initiative, aimed at transforming steel procurement through precision-driven sourcing and advanced material planning. The programme seeks to reduce steel wastage by 8–10 per cent in infrastructure and EPC projects by shifting procurement practices from volume-based buying to drawing-based supply aligned with engineering requirements.The initiative is powered by Enlight Metals’ Agentic AI–enabled metal procurement platform, which enables project teams to submit technical drawings and material specifications for detailed analysis. Ba..