EV Sales Maintain Momentum in Q1

04 Apr 2024 CW Team

Key drivers of this sustained growth include advancements in EV technology, which have led to improved performance, extended driving ranges, and reduced charging times. Moreover, the expanding infrastructure for electric vehicle charging stations has alleviated range anxiety concerns among potential buyers, further fuelling adoption rates. Additionally, the growing availability of diverse EV models across different price segments has democratized access to electric mobility, making it more accessible to a broader consumer base.

Furthermore, heightened environmental consciousness and concerns about climate change have motivated individuals and businesses alike to transition towards cleaner transportation alternatives. As a result, there has been a surge in demand for electric vehicles, with sales reaching unprecedented levels in several key markets globally.

Despite challenges such as supply chain disruptions and semiconductor shortages affecting the automotive industry, the electric vehicle sector has shown resilience, with manufacturers adapting swiftly to meet escalating demand. This adaptability, coupled with ongoing innovation and investment in EV technology, bodes well for the continued expansion of the electric vehicle market in the coming quarters.

In summary, the first quarter of 2024 has reaffirmed the promising trajectory of the electric vehicle industry, with sustained growth in sales indicating a paradigm shift towards sustainable transportation solutions. As stakeholders continue to collaborate and innovate, the future of electric mobility appears brighter than ever, driving towards a greener and cleaner automotive landscape

In the first quarter of 2024, the electric vehicle (EV) market has sustained its growth trajectory, demonstrating robust momentum in sales and adoption. According to recent data analysis, EV sales have remained buoyant, showcasing a promising outlook for the future of sustainable transportation. The persistent upward trend in EV sales signifies a significant shift towards eco-friendly mobility solutions, underpinned by increasing consumer awareness and favourable government policies. Key drivers of this sustained growth include advancements in EV technology, which have led to improved performance, extended driving ranges, and reduced charging times. Moreover, the expanding infrastructure for electric vehicle charging stations has alleviated range anxiety concerns among potential buyers, further fuelling adoption rates. Additionally, the growing availability of diverse EV models across different price segments has democratized access to electric mobility, making it more accessible to a broader consumer base. Furthermore, heightened environmental consciousness and concerns about climate change have motivated individuals and businesses alike to transition towards cleaner transportation alternatives. As a result, there has been a surge in demand for electric vehicles, with sales reaching unprecedented levels in several key markets globally. Despite challenges such as supply chain disruptions and semiconductor shortages affecting the automotive industry, the electric vehicle sector has shown resilience, with manufacturers adapting swiftly to meet escalating demand. This adaptability, coupled with ongoing innovation and investment in EV technology, bodes well for the continued expansion of the electric vehicle market in the coming quarters. In summary, the first quarter of 2024 has reaffirmed the promising trajectory of the electric vehicle industry, with sustained growth in sales indicating a paradigm shift towards sustainable transportation solutions. As stakeholders continue to collaborate and innovate, the future of electric mobility appears brighter than ever, driving towards a greener and cleaner automotive landscape

Real Estate

28 Aug 2025

360 ONE Asset acquires 50% stake in Pune mixed-use project for Rs 24 Bn

Wealth and asset management firm 360 ONE Asset has acquired a 50 per cent stake in the Bluegrass Business Park at Kalyani Nagar, Pune, from Brookfield Asset Management’s private real estate funds for Rs 24 billion. The deal was executed through 360 ONE’s real asset funds.Spread across seven acres off Pune-Ahmednagar Road, the property houses an operational one-million sq ft tower leased to Mastercard, while a second tower with a street retail component is under construction.Brookfield will continue to manage, develop and lease the asset. Both firms described the deal as a “first-of-its-k..

Technology

28 Aug 2025

Godrej Enterprises Group Launches SafeLog IoT Solution for Forklifts

Godrej Enterprises Group (GEG), through its Material Handling Equipment (MHE) business, has introduced SafeLog – Vehicle Monitoring System, an IoT-enabled solution aimed at improving safety, efficiency, and reliability in forklift operations. The system delivers real-time insights, proactive maintenance alerts, and fleet analytics, enabling businesses to reduce unplanned downtime by 10 per cent and enhance asset utilisation by 15 per cent. Integrated into GEG’s forklift range, SafeLog is designed for seamless scalability and reliability, even in low-connectivity environments. Data is ..

Resources

28 Aug 2025

Garuda Aerospace Hosts Defence Officers at New Chennai Facility

Garuda Aerospace, backed by M.S. Dhoni, hosted officers from the College of Defence Management (CDM), Hyderabad, at its newly inaugurated manufacturing facility in Chennai. The visit underscored the growing collaboration between India’s defence sector and its emerging drone industry, highlighting the role of unmanned aerial vehicles (UAVs) in modern defence operations. Officers and trainees toured the Drone Assembly and Quality Assurance Zone, R&D and Simulation/Testing Rooms, and the RPTO Training Facility. They gained exposure to Garuda’s production, simulation, and pilot traini..