Construction Sector Revenues to Grow 12-15% by FY25: ICRA

ICRA predicts 4-6% growth in FY25 tyre sales

Icra stated that domestic tyre sale volumes are expected to experience a moderate growth of 4-6 per cent in this fiscal year, following an estimated pace of 6-8 per cent in the previous financial year. The growth in the last fiscal, it was said, had been driven by factors such as elevated base and subdued growth in the commercial vehicle (CV) segment. However, Icra anticipated that domestic demand from original equipment manufacturers (OEMs) in certain consumer segments like PV (passenger vehicle) and two-wheeler, as well as for replacement, would remain healthy, supporting overall tyre volume..

Construction Sector Revenues to Grow 12-15% by FY25: ICRA

According to ICRA, entities in the construction sector are poised to experience a significant revenue growth of 12-15% by the fiscal year 2025. This optimistic projection reflects the sector's potential for expansion and recovery in the coming years.

The forecasted revenue growth underscores the construction sector's resilience and adaptability, despite facing challenges such as the COVID-19 pandemic and economic uncertainties. The sector's ability to rebound and achieve double-digit revenue growth indicates its fundamental strength and vitality.

ICRA's projection is based on v..

ICRA Predicts Over Rs 250 Bn Capex for EV Components

ICRA, a credit rating agency, anticipates a substantial increase in capital expenditure (capex) for electric vehicle (EV) components in the next 3-4 years. The projected capex surge, exceeding Rs 250 billion, reflects the growing investments and infrastructure development in the EV ecosystem.

As the demand for electric vehicles continues to rise, spurred by environmental concerns and regulatory incentives, the automotive industry is gearing up for accelerated production and adoption of EVs. This necessitates significant investments in EV components such as batteries, motors, and chargi..

TVS Motor Unveils Electric Two-Wheeler

TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.

The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..

Chinese EV Giant Leapmotor Eyes Indian Market

Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.

Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..