BW Businessworld Launches Latest Issue On EV Sector Movement And Bonus Edition
In the recent issue of BW Businessworld releasing on June 17, 2023, addresses the adoption of EVs in the country and the effects of subsidy cuts as well as the sluggish growth in EV infrastructure threatening to further impede the progress.
The issue sheds light on the EV industry's positive side, with over a million EVs sold in the country in the previous fiscal year, as well as the challenges and roadblocks the industry faced in terms of growth on electric two-wheeler adoption following subsidy cuts and its infrastructure. To demonstrate the significance of the situation, the BW Businessworld team reached out to auto industry professionals for their perspectives on the current state of the EV business and the ratio for which speedy investment in charging infrastructure is required.
The Big Bet On SUVs & EVs
In an exclusive interview with BW Businessworld, R.C. Bhargava, Chairman of Maruti, underlines the company's supremacy in the SUV and EV segments of the markets. Bhargava goes on to discuss how they are aiming for a 25% market share this year with SUVs and have a clear intention to create a significant splash in the EV category between 2024-25. He also disclosed that Maruti is expecting to launch six EVs in a span of six years, debuting a new model every year starting from 2024. Adding to it, he also contends that the expansion of Indian car industry is likely to grow as to become the third largest in the world in a span of three years and Maruti will be playing a key part to make this happen.
The latest edition also has a comprehensive interaction with Rajesh Jejurikar, Executive Director & CEO, Auto and Farm Sector, Mahindra & Mahindra. He highlighted Mahindra & Mahindra's projected expansion in the EV area as well as SUV electric portfolios over the next two years. It involves the corporation bringing in British International Investment worth up to Rs 1,925 crores to invest in Mahindra Electric Automobile (MEAL) at a valuation of up to Rs 70,070 crore.
The interaction also demonstrated Mahindra’s EV journey to be at its peak as it remains bullish on India’s EV future with its optimistic vision for 2027.
The Bonus Issue
The winners of the 6th edition of BW CFO World's best CFO & Finance Strategy Awards are featured in this special issue. The best Chief Financial Officers exhibited their expertise by successfully navigating their companies through macroeconomic challenges to achieve long-term growth and value generation.
Moreover, the bonus issue exhibits the vision and agility of the CFOs to prepare their firms to tackle unforeseen economic challenges.
The bonus issue also emphasises on the completion of nine years of Modi government at office. It features the high moments of Modi government’s nine-year long journey in India, as well as insights from industry veterans and their perspectives on the shifting business and economic landscape.
The issue also captures the essence of Prime Minister Narendra Modi’s milestones under his leadership in a graphic illustration where his mantra of ‘Reform, Perform, Transform’ has been perfectly portrayed, attracting foreign investors to India and creating new opportunities for home grown entrepreneurs.
Nonetheless, the bonus issue also covers Indian home décor segment to grow at a CAGR of 6.75 per cent from this year to 2027, redefining the taste of the consumers.
In addition, the bonus issue captures the launch of the fifth generation C-class of Mercedes Benz in India last year.
Read the the e-magazine of BW Businessworld on ‘The Movement of EV Sector and Sluggish growth of EV Infrastructure along with its Bonus Issue Featuring India’s Super CFOs, 9 Years of Modi Regime & More.
