#Three-Wheeler Market Growth

[freepressjournals]

Domestic Passenger Vehicle Sales Up Over 1% in April: SIAM Report

The automobile industry in India has shown positive growth in April 2024. According to the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle (PV) sales increased by 1.3% year-on-year, reaching 3,35,629 units. This rise in PV dispatches, from companies to dealers, marks a slight improvement from the 3,31,278 units recorded in April 2023.

In addition to passenger vehicles, the two-wheeler segment experienced significant growth. Wholesales of two-wheelers surged by 31%, totaling 17,51,393 units compared to 13,38,588 units in the same month last year.

The three-wheeler market also saw an uptick, with a 14.5% increase in wholesales. In April 2024, the total number of three-wheelers dispatched was 49,116 units, up from 42,885 units in April 2023.

These figures indicate a steady recovery and growth across various segments of the Indian automobile industry, reflecting increased consumer demand and market stability.

[secretstalks]

Rapido financial outlook according to Aravind Sanka

Bengaluru-based mobility startup Rapido has recently made headlines with a significant $200 million funding round, elevating its valuation to $1.1 billion and earning it a spot in the unicorn club. Co-founder and CEO Aravind Sanka has revealed that the company is on the brink of achieving cash-flow positivity, with expectations to become profitable within the next few months.

Rapido's impressive growth is underscored by its vast network of 1.7 million active monthly driver-partners, who collectively manage nearly 0.5 million orders daily across bikes, auto-rickshaws, and four-wheeler cabs. Sanka highlighted Rapido's dominance in the market, claiming a market share exceeding 40% in the two-wheeler and three-wheeler segments, positioning it ahead of competitors like Ola and Uber.

The company reported a substantial increase in revenue for FY23, reaching Rs 497.5 crore compared to Rs 157.9 crore in FY22. Despite this growth, losses also widened, from Rs 439 crore to Rs 674.6 crore, largely due to heavy investments in expansion and development. Notably, Rapido's zero-commission model for drivers continues to be a key differentiator. Drivers pay a fixed monthly fee of Rs 500 for every Rs 10,000 earned on the platform, with Sanka affirming the company's commitment to maintaining this model.

Rapido is now turning its attention to the burgeoning quick commerce sector, aiming to capitalize on the growing demand for rapid delivery services. The company currently supports last-mile food delivery for Swiggy, a major investor in its recent Series D funding round, and collaborates with ONDC. Discussions are underway with quick commerce players like Zepto and Zomato’s Blinkit to explore 10-30-minute delivery options.

The company is also leveraging its extensive fleet to support small direct-to-consumer (D2C) businesses, with plans to partner with logistics firms and work directly with various companies. On the sustainability front, Rapido is making significant strides with electric vehicles. In the NCR region, over 25% of orders are now delivered by electric vehicles, and the company aims to transition all deliveries in Delhi to electric within the next six months. Partnerships with fleet operators to develop exclusive electric vehicle fleets for two-wheelers, three-wheelers, and four-wheelers are also in progress.

Looking ahead, Rapido may consider an initial public offering (IPO) within the next two to three years as a potential step in its growth trajectory. The company's recent fundraising efforts have seen it secure close to $500 million, with WestBridge Capital leading the latest $200 million Series E round, joined by Think Investments, Invus Opportunities, and longstanding partner Nexus Venture Partners.

Ownership of Rapido's parent company, Roppen Transportation Services, as of FY23 includes WestBridge Capital with a 25.6% stake, Swiggy with 15.1%, Nexus Venture Partners with 9.7%, and Integrated Capital with 4.9%. The combined shareholding of co-founders Pavan Guntupalli, Rishikesh SR, and Aravind Sanka stands at 7.5%.

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[trendingreportz]

Adhesives & Sealants Market - Forecast(2024 - 2030)

Adhesives & Sealants Market Overview

Global Adhesives & Sealants market size is estimated to reach US$ 89.1 billion by 2027, after growing at a CAGR of 5.7% during the forecast period 2022-2027. Adhesives and sealants are the chemical products which are used to create a mechanical seal between components. Adhesives are the non-metallic materials used to hold two substances together, while sealants are material used to fill space between these substances and to provide a protective coating. Adhesives are of various types like polyurethane adhesives, cyanoacrylate adhesive and epoxy adhesives, while sealants consist of resin like silicon, acrylic and butyl. These materials are chemically made with the help of rheology modifiers which are used to improve their viscosity. Adhesives and sealants have high applicability in sectors like construction, automotive, paper, textile, electronics and wood. Their major applicability is in construction sector where adhesives are used in polycarboxylate for concrete production. Factors like growing construction activities, increase in production volume of automotive, increase in aircraft production and high consumption of clothing & apparel items are driving the growth of global adhesives & sealants market. However, adhesives and sealants manufacturing produce volatile organic compounds which can cause environment problems like pollution. The regulation imposed by government to restrict VOC emission can hamper the growth of global adhesives & sealants industry.

COVID-19 Impact

The wide spread of COVID-19 left a negative impact on the activities of various industrial sectors, as the necessary measures taken by countries like consequential lockdown led to lack of availability of labors and raw materials. This disrupted the functionality of various end users of adhesives and sealants like construction, automotive, textile, and aerospace. For instance, as per, International Construction and Infrastructure Surveys, the construction and infrastructure activities across all regions went down in Q1 of 2020 with China in the Asia-Pacific region having the sharpest workload contraction. Also, as per the International Organization of Motor Vehicle Manufacturing, in 2020 there was a 16% global decline in vehicles production. Further, as per the 2021 report of the General Aviation Manufacturers Association, the Global business jet deliveries declined 20.4% to 644 aircraft in 2020 due to the COVID-19 pandemic. Polycarboxylate is used in cement concrete application, cyanoacrylate adhesive is used in automotive interiors while acrylic sealants are used in aircraft to prevent corrosion and fuel leak. Hence, the decrease in productivity of such sector led to decrease in usage of adhesives and sealants in them.

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Report Coverage

The report: “Adhesives & Sealants Market Report – Forecast (2022 – 2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Global Adhesives & Sealants Industry

By Type – Water Based Latex, Acrylic, Polysulfide, Silicone, Polyurethane, Epoxies, Polyamides, Cyanoacrylate, Polyethylene Glycol, and Others (Polyisobutylene, Dextrin, Butyl)

By Form – Water based (Solution, Polymer Dispersion), Solvent based (Wet Bonding, Contact Adhesives), Hot Melt, and Reactive

By Application – Bonding (Paper Bonding, Wood Bonding), Concrete Production, Countertop Lamination, Drywall Lamination, Transportation (Automotive Module Sealant, Anti-Fuel Leaking Agent, Anti-Corrosive Agent, Clothing & Apparel (Apparel Laminate, Fabric Combining) and Others (Self-Adhesives Bandages, Circuit Boards Encapsulants)

By End User – Automotive (Passengers Cars, Heavy Commercial Vehicles, Light Commercial Vehicles, Others (Three-Wheeler, Two-Wheeler)), Construction (Residential, Commercial), Aerospace, Wood Industry, Paper, Textiles (Woven, Non-woven), Electronic, Medical and Others (Marine, Plastics)

By Geography - North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherland, Spain, Russia, Belgium, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), Rest of the World (Middle East, Africa)

Key Takeaways

Asia-Pacific dominates the global adhesives & sealants industry as the region consist of major end users of adhesives and sealants like plastic, construction, automotive, electrical in major economies like China, South Korea, and Australia. 

Rheology Modifier is used in water borne, solvent borne adhesives and sealants of all types, to control viscosity, provide coating performance and build thick adhesion between components. 

In dentistry filed, polycarboxylate cement is used in the fixation of dental crowns, inlays, and along with cavity linings which provide a good adhesion to the tooth structure.

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Adhesives & Sealants Market Segment Analysis – By Type

Polyurethane held a significant share in global adhesives & sealants market in 2021, with a share of over 22.0%. Polyurethane adhesives are UV, water, and chemical resistant while polyurethane sealants provide long term elasticity and durable adhesion. Polyurethane adhesives are majorly used in automotive windshield while polyurethane sealants are used in sealing gaps and joints in components and structures. The rapid development in automotive and construction sectors has increased their scale of productivity which has positively impacted the usage of adhesives and sealants. For instance, as per European Automobile Manufacturers Association, the production and registration of passenger cars in the EU increased by 53.4% in 2021 with strong volume seen in Spain, France, and Germany. Further, as per US Census Bureau, in 2021, construction activities steadily increased in US, with residential construction showing an increase of 4.1% in November, up by 1% from 2020 same month. Such increase in productivity of these sectors will lead to more usage adhesives and sealants in the, which will positively impact the growth of global adhesives & sealants industry.

Adhesives & Sealants Market Segment Analysis – By End User

Construction sector held a significant share in global adhesives & sealants market in 2021, with a share of over 19.0%. Adhesives & sealants based of resins like polyamide, epoxy resin and plastisol are majorly used in construction sector as they have resistance to excessive sun, rainfall, provide good steel bonding, and act as cement dispersant. The rapid development in the construction sector in countries has increased the scale of construction activities and the undertaking of new infrastructure projects. For instance, as per European Union, in December 2021, construction of building increased by 4.6% and civil engineering by 3.3% compared to 2020. Also, in 2019 a total of US$ 102.3 billion worth of projects were processed across all GCC countries, compared to US$ 101.8 billion in 2018. Hence, such increase in the construction and infrastructure development activities will lead to more usage of adhesives in cement application while sealants will be used in blocking dust and heat transmission. This will have a positive impact on the growth of global adhesives & sealants industry.

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Adhesives & Sealants Market Segment Analysis – By Geography

Asia-Pacific held the largest share in global adhesives & sealants market in 2021, with a share of over 27.0%. The region consists of major end-users of adhesives and sealants like construction, automotive, textiles, in major economies like China, India, Japan, and Australia with China having the largest automotive and construction sector. The economic development in these nations has led to increase in the industrial output of these sectors. For instance, as per the 2021 report of the European Automobile Manufacturers Association on global vehicle production, China produced 32% of 74 million cars manufactured worldwide with Japan & Korea producing 16%. Also, as per the State Council for the People’s Republic of China, in July 2021 China has approved projects related to the development of affordable rental homes. Further, as per October reports of Infrastructure Australia 2021, the major infrastructure activity relating to commercial buildings, civil infrastructure, and residential will double in the next three years. Cyanoacrylate adhesives are used in automotive roof pads, engine hose protectors and flex boards while acrylic and polyurethane based sealants are used to seal joints between components like concrete, steel, and masonry wall. Hence, the growing productivity of construction and automotive will lead to more usage of such adhesives and sealants in them, resulting in more growth of global adhesives & sealant industry.

Adhesives & Sealants Market Drivers

Growing Construction Activities

Emerging economies, rapid urbanization, and various infrastructural developments undertaken by countries have increased the scale of construction activity. For instance, in preparation for the 2021 Expo, Dubai awarded about 47 construction contracts with a total value of US$ 3 billion to local and foreign companies. In 2019 National Development and Reform Commission of China approved 26 infrastructure projects estimated to be completed by 2023. Also, in 2021, Oman’s Ministry of Housing and Urban Planning five new integrated projects that would provide 4800 housing units. Adhesives and sealants in building construction are used as the bonding layer for floor fixing, countertop lamination and wall covering. Hence, the increase in construction activities and infrastructure development projects will lead to more usage of adhesives and sealants, which will have a positive impact on the growth of the global adhesives & sealants industry.

Growing Production of Automotive

Automotive adhesives and sealants are used by automotive original equipment manufacturers (OEMs) to bond different substrate of metal, eliminating the need for welding and mechanical bolts, welds and rivets. The increase in purchase capacity, improvement in living standards, and rapid urbanization have led to an increase in the demand for new automotive vehicles, thereby increasing their production volume. For instance, as per the International Organization of Motor Vehicle Manufacturing, the global production volume of vehicles increased to 57 million in 2021 from 52 million in 2020. Also, as per the November 2021 report of the Europe Automobile Manufacturer Association, the new passenger car registration in the first ten months of 2021 increased up to 2.2% with an increase shown in European Union markets like Italy showed 12.7%, Spain showed 5.6% and France showed 3.1%. Such an increase in automobile production on account of high demand will increase the usage of adhesives and sealants like cyanoacrylate adhesives, which will have positive impact on growth of global adhesives & sealants industry.

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Adhesives & Sealants Market Challenges

Stringent Government Regulation

One of the significant issues related to adhesives and sealants is that, their formation causes VOC emission which can lead to serious problems like skin irritation, sour throat and long-term damage to lungs & kidneys. Hence, in order prevent such problems various government organization have imposed certain regulation relating to VOC emission. For instance, Title 40, Code of Federal Regulations of US, Environment Protection Agency deals with EPA’s mission of protecting human health and the environment from VOC emission. Such regulation can restrict the production volume of adhesives and sealants, which can hamper the growth of global adhesives & sealants industry.

Adhesives & Sealants Industry Outlook

The companies to develop a strong regional presence and strengthen their market position, continuously engage in mergers and acquisitions. The global adhesives & sealants top 10 companies include:

Henkel Corporation

Sika AG

Arkema SA

Evonik Industries

Ashland Inc.

PPG Industries

RPM International Inc.

Wacker Chemie AG

Avery Dennison

Pidilite Industries

Recent Developments

In 2021, Creative Materials introduced 129-06 temperature-sensing conductive adhesive, coating in either one-component or two-component versions, and the product has high reliability due to low hysteresis, high flexibility and strong adhesion.

In 2020, Arkema acquired Fixatti, a manufacturer of thermos-bonding adhesives powder and such acquisition will strengthen the global offering of hot melt adhesives solution for niche industrial applications.

In 2019, Sika AG acquired China based Crevo-Hengxin a manufacturer of silicone sealants and adhesives, and such acquisition will expand the adhesives & sealant market share of Sika in China

[belriseindus]

The Inspiring Journey of Mr. Shrikant Badve: From Vision to Industrial Triumph

Entrepreneurial Beginnings

Born into the vibrant culture of Maharashtra, Mr. Shrikant Badve exemplified determination from a young age. Opting to be a job creator rather than a job seeker, he embarked on his entrepreneurial path right after graduating. Despite the hurdles in securing funding due to insufficient collateral, his perseverance shone through. With an initial investment of just Rs. 20,000 ($240), Mr. Badve laid the foundation of what would become a powerhouse in manufacturing. His breakthrough came when Saraswat Co-operative Bank approved his first loan, setting the stage for his future successes.

Growth Trajectory

From humble beginnings with a monthly turnover of just Rs. 8,000 from a single shed in Aurangabad, Belrise Industries has soared to a staggering annual turnover of Rs. 5,433 crore in 2022-23. Today, the company boasts 16 state-of-the-art manufacturing facilities across eight states, a testament to its aggressive domestic and global expansion. This growth is supported by a robust supply chain and an ever-expanding customer base.

A Visionary Leadership by Mr. Shrikant Badve

Mr. Shrikant Badve, a first-generation entrepreneur with a solid background in engineering and business management, has become a notable figure in the automotive manufacturing industry. His expertise and leadership have been pivotal in steering Belrise Industries to its current heights.

Diversification and Innovation in Automotive Components

Belrise Industries specializes in an array of automotive components and systems for vehicles across the spectrum— two-wheelers, three–wheeler, four-wheeler and  commercial vehicles. The company’s extensive product line includes advancements in sheet metal processing, polymer processing, surface treatment, suspension and braking system. Notably, it is a leader in developing cutting-edge e-Mobility solutions and Advanced Driver Assistance Systems (ADAS).

Strategic Expansion and Diversification

Since its inception in September 1996, Belrise has continuously evolved. Starting with manufacturing silencers for Bajaj Auto in 1997, it has diversified into producing sophisticated suspension systems, particularly as the electric vehicle (EV) market in India gains momentum. In 2022, Belrise marked a significant entry into the EV sector, supplying crucial systems to major EV manufacturers.

Leveraging R&D for Market Leadership

Belrise Industries harnesses its extensive R&D capabilities and strengths in new product development to deliver innovative solutions tailored for global Original Equipment Manufacturers (OEMs). This strategic focus has cemented its reputation as a leading provider of specialized automotive solutions.

Excellence in Technical Competence

The company’s consistent performance and advanced technical competencies make it a preferred one-stop solution for OEMs worldwide, highlighting its commitment to quality and innovation.

Technological Advancements and Efficient Systems

Guided by Mr. Badve, Belrise has implemented highly efficient systems and technologies, including the integration of over 400 robots in fabrication and stamping processes. This technological leverage significantly reduces parts per million (PPM) rejections, enhancing overall production efficiency.

Real-Time Production Monitoring Through IoT

By adopting Internet of Things (IoT) technologies, Belrise has developed a centralized data acquisition system that enables real-time production monitoring and immediate bottleneck resolution, thus enhancing manufacturing agility and responsiveness.

Vision for Global Excellence

Mr. Shrikant Badve’s long-term vision is centered on delivering top-tier engineering products and becoming a globally recognized brand within the automotive sector. His commitment to technological advancement and customer-centric approaches drives the company’s ongoing efforts to expand its presence in international markets.

Fostering Team Success and Innovation

Mr. Badve is dedicated to cultivating a diverse and passionate workforce, focused on collaborative innovation and continuous improvement. This commitment not only drives the company’s success but also fosters a proactive and inventive organizational culture.

Value-Driven Transformation

Belrise is committed to transformation driven by core values such as passion, resilience, and relentless dedication. By fostering a unified team spirit and prioritizing adaptability, sustainability, and state-of-the-art technology, the company aims to enhance its operational efficiency significantly.

Championing Gender Diversity and Inclusion

Belrise Industries is a frontrunner in promoting workplace diversity, equity, and inclusion. By empowering women and creating a culture of equality, the company enhances creativity and drives innovation across all its divisions, from HR to R&D and production.

[semcoinfratechworld]

Is India's Electric Vehicle Manufacturing Ecosystem Ready to Scale up Mass Adoption?

India is on the brink of a major shift in its automotive industry.  Driven by the global and domestic push towards electric vehicles (EVs), the country’s EV manufacturing ecosystem is showing promise and ambitious growth projections. It shows a clear commitment to sustainable mobility. However, the road to mass adoption is fraught with challenges that need to be addressed if India is to fully capitalize on this opportunity.

Promising Growth Projections

The potential for growth in India’s EV market is enormous. By 2030, EVs could account for over 40 percent of the automotive market, generating a staggering USD 100 billion in revenue. The penetration rates are particularly impressive for two and three-wheelers, where EVs are expected to make up 80 percent of the market. Even for four-wheelers, the projection is significant, with a 50 percent market share anticipated by 2030. These numbers underscore the growing acceptance of EVs in India and the opportunity for the country to become a global leader in sustainable transportation.

Challenges Hindering Scalability

Despite the promising outlook, several hurdles stand in the way of scaling up EV manufacturing to meet mass adoption. These challenges must be addressed if India’s EV ecosystem is to realize its full potential.

High Ownership Costs: One of the most significant barriers to mass adoption is the high cost of owning an EV in India. This is primarily due to the limited charging infrastructure, which makes it difficult for consumers to rely on EVs for their daily commute. Additionally, there are deficits in battery cell production (20-25 percent) and semiconductor chips (40-50 percent), both of which are critical components for EV manufacturing. These shortages drive up the costs, making EVs less accessible to the average consumer.

Import Dependency: India’s reliance on imports for key EV components is another major challenge. Currently, 60-70 percent of battery cells, e-motor magnets, and electronics are sourced from China. Several lithium-ion battery manufacturing equipment suppliers in India are dependent on the import of cells and assembly equipment. This dependency not only creates supply chain vulnerabilities but also raises concerns about the sustainability of scaling up EV manufacturing. To reduce this reliance, India needs to invest in building local capacities for producing these critical components.

Scalability Issues in Local Manufacturing: While there are efforts to boost local manufacturing, many small enterprises in India are struggling to keep up with the growing demand for EV components. These scalability issues are exacerbated by a fragmented supply chain, where small and medium enterprises (SMEs) face coordination challenges that can lead to delays in production and distribution. This fragmentation hinders the efficiency of the entire EV ecosystem.

Lack of Standardization: Another significant challenge is the lack of standardization in EV manufacturing, particularly in battery specifications. This lack of uniformity complicates component sourcing and integration, making it difficult for manufacturers to scale up production quickly and efficiently. Standardization is crucial for streamlining the manufacturing process and ensuring that components are interchangeable and easily available.

Conclusion

India’s EV manufacturing ecosystem is at a critical juncture. While the growth potential is immense, several challenges must be addressed to scale up production and achieve mass adoption. By focusing on local manufacturing, expanding infrastructure, standardizing components, and supporting SMEs, India can overcome these hurdles and position itself as a global leader in electric mobility. The journey ahead is challenging, but with the right strategies and collaborations, India’s EV revolution is not just possible—it’s inevitable.

[greenfrontiercapital]

The Future of Climate Tech Investment: Green Frontier Capital’s Leadership in the Climate VC Fund

Sustainability is increasingly shaping the financial sector. The State of Climate Tech Report 2023 by PwC highlights that climate tech's share of private market equity and grant investment surged to 11.4% in Q3 2023, continuing a decade-long upward trend. The global sustainable finance market is projected to grow from USD 3.6 trillion in 2021 to USD 23 trillion by 2031, underscoring the immense potential in climate tech investment.

The Rise of Climate Tech Investments

The rapid rise in climate tech investment is particularly evident in the electric mobility sector. With transportation accounting for 16.2% of global emissions, transforming this sector is crucial in the fight against climate change. The global EV market, valued at USD 384.65 billion in 2022, is expected to reach USD 1,579.10 billion by 2030. As the market expands, Green Frontier Capital is strategically positioned to harness these emerging green investment opportunities.

Climate Tech Investment in the EV Sector

The electric vehicle (EV) industry is experiencing remarkable growth, driven by regulatory support, technological advancements, and shifting consumer preferences. With ambitious targets set for EV adoption across various vehicle categories, the industry is on track for significant expansion. Green Frontier Capital recognizes the investment potential this growth presents and is actively involved in the sector.

Key Investment Opportunities in the EV Market

Electric Vehicle Manufacturers: The increasing demand for clean transportation is leading to the expansion of EV portfolios by both established companies and new entrants. Green Frontier Capital has invested in Euler Motors, a commercial EV OEM with a growing fleet of three-wheelers, and EMotorad, a manufacturer of electric cycles.

Ride-Hailing Services: Electrifying fleets offers substantial environmental benefits. Green Frontier Capital has invested in BluSmart, a leading zero-emission ride-hailing service that recently expanded its EV fleet.

Battery Services: The success of EV adoption depends on advanced battery technologies and services. Green Frontier Capital has invested in Battery Smart, a leading battery-swapping network, and ElectricPe, a top EV charging platform.

EV Financing: To make EVs more accessible, Green Frontier Capital supports Revfin, a company providing financing options, particularly for individuals from low-income backgrounds, aligning financial returns with social impact.

Addressing Challenges in Climate Tech Investment

While the EV market holds significant potential, it also presents challenges such as high capital costs, land acquisition issues, and evolving regulatory landscapes. Green Frontier Capital conducts rigorous due diligence to identify companies capable of navigating these challenges and securing long-term growth.

Climate Tech Investments: Combining Profit with Purpose

Investing in the EV industry not only offers substantial financial returns but also contributes to environmental and social impact. By reducing greenhouse gas emissions and combating air pollution, climate VC fund like Green Frontier Capital are helping to build a future where economic growth and environmental sustainability go hand in hand.

[indian-suppliers]

Top 15 Gear Shift Cable Manufacturers in Delhi

Chttarpati Auto Store

Located in the capital city of India, Delhi, Chttarpati Auto Store caters to the worldwide market with its qualitative array of Cables. Backed by a team of highly experienced professionals, our quality centric organization emphasizes on the utilization of premium grade raw materials while manufacturing our range of Accelerator Cables, Clutch Cables, Parking Cables, Gear Shifter Cables

Phone no - +91- 9212745230

Address - i-183, Sector-4, Bawana Industrial Area, Delhi, India

Website link - https://chttarpaticables.com/

R S Yadav Auto Industries

Established In 2009, R S Yadav Auto Industries Has Made a Well-Recognized Name As a Manufacturer, Wholesaler and Trader of Brake Cable, Accelerator Cable and

Phone no 08047547273

Address A-592, A Block Gurudwara, Shastri Nagar, North West Delhi, Daya Basti, New Delhi-110052, Delhi, India

Website link - https://www.indiamart.com/rsyadavautoindustries/

Jagdamba Auto Industries

Established as a Sole Proprietorship firm in the year 2005, we “Jagdamba Auto Industries” are a leading Manufacturer of a wide range of Teflon Pipe, Coolant Pipe, Injector Pipe, Hose Pipe, etc. Situated in Delhi (India), we have constructed a wide and well functional infrastructural unit that plays an important role in the growth of our company.

Phone no - 08046039347

Address - 803, Chota Bazar, Kashmere Gate, Mori Gate, New Delhi - 110006, Delhi, India

Website link - https://www.jaydeecables.in/

Singla Motor Parts

Incepted in the yearingla Motor Parts gives you a wide range of heavy vehicles parts at best price, serves all over in India.

We, Singla Motor Parts, are a Wholesaler of Heavy Duty Truck Spare Parts with over 15 years of expertise located in Kashmiri Gate, Delhi, India. We at Singla Motor Parts deal in long-lasting and robust auto components with distinctive designs for the aftermarket, suited for brands such as Bharat Benz, Tata, Leyland, Mahindra, and Eicher.

Phone no - 07942554150

Address Ground Floor, Shop No-1 G-79, KH No. 86/9, 10, 11, 12 Vijay Vihar, Phase-1, Rohini Delhi, New Delhi-110085, Delhi, India

Website link - https://www.indiamart.com/singla-motorparts/

SILCO CABLES

SILCO CABLES, an ISO 9001:2015 certified company, with over 15 years Experience in Manufacturing of Automotive Control Cables in India. SILCO – Control Cables is a renowned name in the Auto Parts After Market. We believe safety and design is the heart of any machine. Silco is an industry of Automotive Control Cables, where we go beyond our limits to make your life risk free.

Phone no - +91 8009006604

Address - C-8, S.M.A. Industrial Estate, G.T. Karnal Road Delhi, India – 110033

Website link - https://silcoautomotive.in/

VOLTO INDUSTRIES

VOLTO INDUSTRIES offeres to you a wide variety of Accelerator Cable, Bonnet Cable, Clutch Cable, D Compressor Cable, Stop Cable, Handbrake Cable, Diesel Pipe, Brake Pipe and Brake Hose etc.

Phone no  07942676103

Address – Kh No 136/8/2 Main Market,Gali No 18, Sant Nagar Village Burari North, New Delhi-110084, Delhi, India

Website link - https://www.indiamart.com/voltoindustries-new-delhi/

MILEX CABLES

MILEX CABLES has been engaged in manufacturing control cable for since 1973. We always aim at international markets and we invest heavily into R&D in order to make superior products that feature the latest market trends. We provide a wide choice of control cable products for two, three and four wheelers including brake cable, clutch cable, accelerator cable, speedometer cable and choke cable.

Phone no - +91-9313735757

Address - T-2343 Faiz Road,Karol Bagh, New Delhi - 110005(India)

Website link - https://milexcable.com/index-2.html

P. S. Industries

Since our establishment in the year 2017, we, P. S. Industries, are counted among the enviable organizations, engaged in manufacturing. The range encompasses Cable Component , Automotive Cable, Accelerator Cable, Gear Cable and much more. High strength, fine finish, lightweight and easy installation are some of the features of our offered range of products.

Phone no - 08048956085

Address - 17/31-N, Gali Number 4,Anand Parbat, New Delhi - 110005, Delhi, India

Website link - https://www.mapexwires.com/profile.html

ARG Global Pvt. Ltd.

Incorporated in the year 2013, at New Delhi (Delhi, India), we “ARG Global Pvt. Ltd.” are recognized as the leading manufacturer, trader and exporter of an excellent quality Auto Control Cable, Auto Rubber Parts, Clutch & Brake Parts, Engine Parts, etc. These products are manufactured by our experienced professionals using basic material like stainless steel, aluminum, etc. that is procured from the authentic vendors of the market and are chosen by our expert agents.

Phone no – 08048970303

Address No. 1897-98/45, Naiwala, Karol Bagh, New Delhi-110005, Delhi, India

Website link https://www.indiamart.com/argglobal/

R S Yadav Auto Industries

Established In 2009, R S Yadav Auto Industries Has Made a Well-Recognized Name As a Manufacturer, Wholesaler and Trader of Brake Cable, Accelerator Cable and More.

Phone no -  08047547273

Address - A-592, A Block Gurudwara, Shastri Nagar, North West Delhi, Daya Basti, New Delhi-110052, Delhi, India

Website link - https://www.indiamart.com/rsyadavautoindustries/

S.A. Motors

Established As A Proprietor Firm In The Year 2017, We “ S.A. Motors ” Are A Leading Wholesaler And Trader Of A Wide Range Of Car Accessories Etc.

Phone no  08043828681

Address – 1st Floor, 1154, Bada Bazar Near Makhan Lal Halwai Shop, Kashmere Gate, North Delhi, New Delhi-110006, Delhi, India

Website link https://www.indiamart.com/samotors-delhi/

Anant Sales Corporation

Established in the Year 1992, We Anant Sales Corporation of the Leading Manufacturer of Baxy Loading Three Wheeler, Baxy Three Wheeler Piaggio APE Extra Three Wheeler etc.

Phone no - 07949090582

Address - Basement, RZ-84, Dabri Extension, South West, New Delhi-110045, Delhi, India

Website link - https://www.indiamart.com/anant-salescorporation/

Ghai Cables India

Established in the year 1985, "Ghai Cables India" is the leading Manufacturer, Wholesaler and Trader of Gear Cable, Clutch Cable, Brake Cable and many more.

Phone no 07942704949

Address – 1862/47, Naiwala, Karol Bagh, Central Delhi, New Delhi-110005, Delhi, India

Website link - https://www.indiamart.com/ghaicables-india/

Rajesh Auto Enterprises

Established in year 1993, “Rajesh Auto Enterprises” is Manufacturer And Trader of Clutch Wire etc.

Phone no - 07942716866

Address - Ground Floor 328 Punja Sharif Kashmere Gate, New Delhi-110006, Delhi, India

Website link - https://www.indiamart.com/rajeshauto-enterprises/

MG CABLES (INDIA)

About us - Since inception in 1994, We as MG CABLES (INDIA) has became among the leading player in the manufacturing of Products in 2 Wheelers , 3 Wheelers & 4 Wheelers Segment with a vision of 'Achieving excellence in the field of manufacturing Automotive Control Cables & Wires.

Phone no - +91-8130307570

Address -  No. 24/1479, Naiwala, Karol Bagh, Delhi-110005

Website link - https://mgcablesindia.com/home.html

New Era Control Cable Industries

New Era Control Cable Industries is one of the pioneer manufacturers of Transmission Control Cables for Automotive Industry in India since 2001.

Phone no - 011-27781820,

Address - F-1748, DSIIDC Narela Industrial Area, Delhi-110040

Website link - https://neweracables.com/index.html

[rajanreddy]

Electric Vehicle Battery Market to Reach USD 21,258.4M, Supported by 8.5% CAGR by 2033

The Electric Vehicle Battery Market is forecast to experience a growth of 8.5% CAGR over the estimated time, as per FMI's analysis. The industry's size is predicted to reach a market value of USD 9,402.3 million in 2023.

The increasing transition toward electric vehicles (EVs) is expected to propel accelerated battery demand in leading automobile markets like the United States and Europe. Battery and automotive manufacturers are facing challenges owing to uncertainty related to the battery supply chain. Several players are considering constructing gigafactory or joining joint ventures to combat shrunken supply.

Request For The Report of Electric Vehicle Battery Market: https://www.futuremarketinsights.com/reports/sample/rep-gb-5388

The shift toward EVs can be attributed to adverse climactic change and increasing carbon emissions, especially in urban cities. The EV30-30 Scenario targets a surging value share of EVs to 30% by 2030 (excluding two/three-wheelers).

Favorable government policies to encourage EV sales are predicted to offer opportunities for battery makers of EVs. Additionally, technological advancements have spiked the energy density of lithium-ion batteries while reducing the overall price of lithium-ion batteries. As a result, propelling its uptake in li-ion powered EVs.

Surging investments for the upgradation of public charging infrastructure in conjunction with the rising efficiency of EVs are expected to create lucrative opportunities for manufacturers.

The high cost of EVs is expected to affect the uptake of batteries negatively. Gaps in demand and supply of essential raw materials like cobalt and a dearth of charging infrastructure are expected to limit the market growth.

Top Highlights from the FMI’s Analysis of the Electric Vehicle Battery Market: 

The United States electric vehicle battery industry is expected to attain a 28.7% market share in 2023. The dominant share of the country reflects the high establishment of the market and great prospects for future growth.

Germany is expected to hold a 15.1% market share in 2023. The country is expected to attract key players from across the globe to expand its sales and drive product innovation.

Japan contributes 5.3% to the global market. The regional market offers excellent potential for key participants’ growth.

Australia's share in the market is as low as 1.4%. However, the country is expected to offer growth prospects to businesses that venture out.

China is expected to expand robustly over the forecast period at a 9.6% CAGR.

The Indian market is anticipated to expand at a CAGR of 9% in the forecast period.

Under the battery type category, lead acid is expected to record a market share of 45.7% in 2023.

Passenger cars are expected to hold a 22.2% market share in 2023.

Key Developments in the Market

CATL collaborated with Ford in February 2023 to develop a battery plant for EVs in the United States Michigan city. As a part of the agreement, Ford is expected to own the new unit of CATL. CATL is also predicted to assist Ford in accelerating the development of batteries.

Clarios’ Optima introduced an all-new lithium-power sport battery line in November 2022. The line focuses on enhancing batteries for personal watercraft, motorcycles, utility task vehicles (UTV), snowmobiles, and all-terrain vehicles (ATVs).

Honda Motor Company declared the development of a lithium-ion battery plant for EVs in the United States with the LG Energy Solution Ltd. in August 2022. The total investment in the project has been USD 4.4 billion. The companies aim to develop about 40 GWh of batteries yearly to be exclusively used in North America’s Honda and Acura electric vehicles.

Key Segments

By Battery Capacity:

Less than 20 kWh

21 to 40 kWh

More than 41 kWh

By Vehicle Technology:

HEV

PHEV

BEV

By Vehicle Type:

Passenger Cars

Light Commercial Vehicles

Heavy Commercial Vehicles

Others

By Battery Type:

Lithium Ion

Lead Acid

Nickel Hydride

Others

By Region:

North America

Latin America

Asia Pacific

The Middle East and Africa

Europe

[forblogmostly]

Gensol Engineering Limited Wins Major Battery Energy Storage Project from GUVNL

In a significant milestone, Gensol Engineering Limited (BSE: 542851, NSE: GENSOL) has emerged as the successful bidder for the Gujarat Urja Vikas Nigam Limited (GUVNL) 250 MW (500 MWh) Battery Energy Storage System (BESS) project, valued at ₹1340 Crore. This landmark achievement reinforces Gensol’s leading position in the renewable energy sector, particularly in the burgeoning battery energy storage market.

The project aims to provide electricity on an "On-Demand" basis to Gujarat State's distribution companies (DISCOMs) during peak and off-peak hours. By ensuring renewable energy availability beyond solar hours, this initiative fulfills Energy Storage Purchase Obligations and enhances grid resilience. The system will deliver 250 MW/500 MWh of energy for two charge/discharge cycles daily, with a potential extension to 500 MW/1000 MWh if GUVNL exercises its greenshoe option. This could generate approximately ₹2680 Crore in revenue over the 12-year Battery Energy Storage Purchase Agreement (BESPA) tenure.

Anmol Singh Jaggi, Managing Director of Gensol Engineering Limited, expressed his optimism about the future of BESS in India and Gensol’s role in advancing this sector. “This landmark project not only highlights Gensol's expertise and reliability in the renewable energy sector but also sets a clear direction for our future endeavors. It aligns with Gensol's commitment to supporting India's energy transition goals through innovative and sustainable solutions. The BESS market in India is poised for exponential growth, and Gensol is at the forefront, ready to lead this transformation. Securing this project enables us to make a significant impact on the Indian energy market while solidifying our position as a leading industry player in the renewable energy landscape.”

Battery energy storage systems are crucial for integrating renewable energy and managing grid uncertainties. As part of this project, Gensol will deploy state-of-the-art energy storage solutions combined with advanced energy management systems, ensuring compliance with stringent availability and efficiency standards. This project underscores the company’s capability to deliver reliable and energy-efficient storage solutions to meet the growing global demand.

Being one of the first major standalone BESS projects in India, this initiative is expected to catalyze substantial growth in the sector, backed by robust policy support from the government. Securing this project testifies to Gensol’s engineering, procurement, and construction (EPC) capabilities and efforts toward integrating advanced chemistry cell-based energy storage systems into the value chain.

About Gensol Engineering Limited

Established in 2012, Gensol Engineering Limited is the flagship company of the Gensol group, specializing in EPC services focused on the solar power sector. With a robust team of over 500 professionals, Gensol has executed turnkey projects globally, installing over 770 MW of ground-mounted and rooftop solar installations.

Expanding beyond solar, Gensol has set up a state-of-the-art electric vehicle (EV) production facility in Pune, India, dedicated to manufacturing electric three-wheelers and four-wheelers. Gensol EV, approved by the Automotive Research Association of India (ARAI), not only manufactures EVs but also offers comprehensive EV leasing solutions. Their diverse clientele includes public sector units (PSUs), educational institutions, government entities, multinational corporations, ride-hailing services, employee transport companies, rental services, logistics, and last-mile delivery enterprises.

Recently, Gensol acquired Scorpius Trackers, a renowned company specializing in the design, development, marketing, and servicing of single-axis trackers for solar power generation. This acquisition enhances Gensol’s offerings in the renewable energy sector, further solidifying its position as a leader in innovative and sustainable energy solutions.

[blueweave8]

Brazil Automotive Lubricants Market Analysis, Insight, Forecast 2023-2030

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Brazil Automotive Lubricants Market size at USD 700.09 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Brazil Automotive Lubricants Market size to expand at a CAGR of 6.09% reaching a value of USD 984.11 million by 2030. By volume, BlueWeave estimated the Brazil Automotive Lubricants Market size at 0.18 megatons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Brazil Automotive Lubricants Market size to expand at a CAGR of 5.87% reaching the volume of 0.26 megatons by 2030. Growing customer demand for sustainable lubricants and the need for high-performance automobiles are two key growth drivers for the Brazil Automotive Lubricants Market. Moreover, the growing car ownership and production are expected to propel the Brazil Automotive Lubricants Market over the forecast period.

Opportunity - Increasing demand for light commercial vehicles (LCVs)

Brazil is recording a significant surge in the demand for light commercial vehicles (LCVs), such as pick-up trucks, vans, and three wheelers in the country. In Brazil, trucks are mostly used as a necessary mode of transportation for moving freight. The growth in the demand for light commercial vehicles in Brazil is mainly attributed to their rising application for various purposes, including transport of parcels, market loads, fruits and vegetables, and others, owing to their advanced load-carrying capacity. The use of automotive lubricants in LCVs ensures fuel efficiency and high performance, which is driving the Automotive Lubricants Market in Brazil.

Sample Request @ https://www.blueweaveconsulting.com/report/brazil-automotive-lubricants-market/report-sample

Brazil Automotive Lubricants Market

Segmental Coverage

Brazil Automotive Lubricants Market – By Application

Based on application, the Brazil Automotive Lubricants Market is segmented into engine oil, gear & brake oil, transmission fluids, greases, and others. The engine oil segment dominates the Brazil Automotive Lubricants Market by application. Engine oil helps in improving the engine's performance by lubricating the engine parts that are often exposed to friction. The frequent use of engine oil prevents wear on engine parts, thus, eventually reducing maintenance costs. The brake oil also accounts for a substantial market share owing to its rising application in the hydraulic braking systems of modern cars.

Competitive Landscape

Major players operating in the Brazil Automotive Lubricants Market include Shell Brasil Petróleo Ltda, Castrol Brasil, Total Lubricants do Brasil Ltda, Lubrax (Petrobrás Lubrificantes e Derivados S.A.), Mobil Lubricants do Brasil Ltda (ExxonMobil), Texaco Lubricants do Brasil Ltda, Valvoline do Brasil Ltda, Ipiranga Lubrificantes, and Fuchs Lubricants do Brasil Ltda.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Contact Us:

BlueWeave Consulting & Research Pvt Ltd

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

info@blueweaveconsulting.com

[atomxmedia]

Battery Smart Secures $65 Million to Expand Electric Vehicle Battery Swapping Network

Battery swapping company Battery Smart raised $65 million in a funding round led by LeapFrog Investments.

The investment will be used to accelerate expansion, improve technology, and strengthen market presence.

Battery Smart aims to address the growing demand for electric two- and three-wheeler vehicles in India.

The company has already established a network of 1,000 battery swapping stations across 30 cities.

This funding round will help Battery Smart play a key role in India’s transition to low-carbon transportation.

LeapFrog Investments Leads Funding for Battery Smart

Battery Smart’s Series-B fundraising round was headed by LeapFrog Investments, an Asian and African firm that focuses on climate, financial services, and healthcare. This investment is consistent with LeapFrog’s Climate Investment Strategy, which seeks to help innovative companies develop low-carbon technology in developing markets.

Battery Smart’s Growth Potential

Battery Smart is well-positioned to benefit from India’s predicted rapid expansion in the electric vehicle market. By 2030, the number of two-wheelers is estimated to reach 200 million, while three-wheelers will reach 12 million. Their convenient battery swapping network can alleviate range anxiety and promote greater use of electric vehicles.

Read more: Marketing News, Advertising News, PR and Finance News, Digital News

[marketsndata]

Global Azelaic Acid Market Size, Analysis and Forecast, 2031

Global azelaic acid market is projected to witness a CAGR of 7.1% during the forecast period 2024-2031, growing from USD 251.67 million in 2023 to USD 436.31 million in 2031F. The market expansion is supported by the expansion of the personal care and cosmetics industry, rising requirement from the pharmaceutical sector, and increased product utilization for manufacturing of sealant chemicals and adhesives.

The rising pharmaceutical sector's requirement for azelaic acid is boosting its global market size. The product finds applications in the pharmaceutical sector for treating various skin diseases, including hyperpigmentation, rosacea, and acne vulgaris. It has been documented in treating keratosis pilaris, perioral inflammation, and psoriasis vulgaris. The broad mechanism of action of azelaic acid includes thioredoxin inhibition. The thioredoxin enzyme regulates the tyrosinase activity with the help of a feedback mechanism that involves the transfer of electrons to intracellular thioredoxin. Furthermore, the thioredoxin/thioredoxin reductase system acts as an electron donor for DNA- regulating ribonucleotide reductases. The thioredoxin reductase inhibition by azelaic acid provides a rationale for the reversible inhibition of DNA synthesis and the depigmentation of some bacteria responsible for causing acne vulgaris. Thus, boosting their utilization for treating the condition.

The increasing adoption of skincare product is one of the major global azelaic acid market trends. For instance, according to the estimates of Cosmetics Europe, Market Performance Report 2022, skin care accounts for a significant share of the European Cosmetics Industry and was valued at USD 27 billion (EUR 25.6 billion). These figures indicate the investments towards skincare products by general population are increasing. The increase is bolstering the requirement for azelaic acid and supporting the expansion of the market as the product finds applications in skincare products due to its ability to kill acne causing bacteria present on the skin and unclog pores. Azelaic acid can aid in making the skin tone even by relieving the skin from toxins and free radicals that cause damage to the cells.

Download Free Sample Report

Rising Requirement for Lubricants Support Market Growth

The wide range of applications of lubricants in various industries is boosting azelaic acid demand from various regions across the globe. For instance, as per the estimates of the Society of Indian Automobile Manufacturers, from April 2022 to March 2023, the Indian automotive industry produced 2.59 million vehicles, including commercial vehicles, two-wheelers, three-wheelers, quadricycles, and passenger vehicles against the 2.30 million vehicles from April 2021 to March 2023. The increased production provides lucrative growth opportunities to the market as it will boost the requirement for lithium complex grease formulations, which find usage in automotive wheel bearing applications along with lubrication of universal joints, tools, couplings, and gears.

Azelaic acid is widely deployed as a complexing agent in lithium complex grease formulations owing to the wide range of benefits offered by the chemical including enhanced mechanical stability, oil separation properties, high dropping points, and water resistance. Therefore, the rising requirement for lithium complex grease formulations due to the expansion of the automotive sector is augmenting the demand for azelaic acid and positively influencing the market's growth.

Novel Product Launches by Cosmetic Companies Boost Market Demand

The introduction of various new products by skincare companies to meet the changing requirements of consumers is increasing the demand for azelaic acid in the cosmetics industry. Due to rising consumer concerns, companies are investing in the development of different skincare products that offer high efficacy while treating skin conditions such as hyperpigmentation, rosacea, and acne. The growing development and demand for such skincare products will augment the requirement for azelaic acid as the chemical allows the effective treatment of such conditions.

Moreover, various celebrities are launching their beauty brands that provide efficient solutions for women struggling with sun damage, dark spots, acne scars, and photo-aging. For instance, in 2023, Molly Sims, an American actress and model, launched YSE Beauty with six foundational SKUs. Thus, celebrity-owned product lines' increasing popularity will boost the demand for different skincare products, thus bolstering the requirement for azelaic acid and aiding the market's growth.

North America Holds Significant Share of the Market

The rapid expansion of pharmaceutical sector and increased requirement for skin care products are some of the major factors propelling the growth of North America azelaic acid market. The strong presence of various leading market players and rising investments by major skincare companies towards promotional and marketing activities are boosting the demand for skincare products, thus augmenting the requirement for azelaic acid as the chemical finds various applications in such products. Azelaic acid-based skincare products are available in various formulations including serum, cream, and gel.

The various functions offered by azelaic acid in skincare products include reduced redness, as the chemical helps in widening of the blood vessels, prevention from dark patches, and killing of acne causing bacteria. Therefore, the expansion of pharmaceuticals is rapidly boosting the product demand in the region. For instance, the United States pharmaceutical industry generated a revenue of USD 550 billion in 2021. The growth indicates an augmented requirement for various pharmaceutical products in the region, thus boosting the requirement for azelaic acid and aiding the growth of the market.

Technical Grade Azelaic Acid Accounts for Significant Market Share

The segment's expansion can be attributed to various industrial applications of the technical grade azelaic acid due to its high-quality nature. The technical grade type finds major applications in pharmaceutical and skincare industries due to its antibacterial and anti-inflammatory properties. The bolaamphiphile is deployed as a spacer/linker in synthetic chemistry. Some of the other uses of the product include synthesis of supramolecular macrocyclic adducts and different metal-organic frameworks, fluorescent uranyl coordination polymers, and pH-responsive metallo-hydrogels as potential carriers for vitamin B12 and dye-absorbing agents. The technical grade type is used in pharmaceutical and skincare industries due to its antibacterial and anti-inflammatory properties. It is primarily used for treating skin conditions such as hyperpigmentation, acne, and rosacea. For instance, according to the findings of researchers from the Wayne State University, Michigan, the United States, the worldwide incidences of rosacea are higher than 5% of the global population and commonly occurs in adults between 30-50 years. The condition is known to affect females more than males. Due to such high prevalence of the condition, the demand for technical grade azelaic acid is increasing to effectively treat the condition.

Increasing Demand for Adhesives and Sealant Chemicals Supports Market Expansion

The adhesives and sealant chemicals segment will grow significantly over the forecast period. The increasing demand for adhesives and sealant chemicals can be attributed to rapid advancements in the construction and manufacturing sectors. The expansion of the construction industry is boosting the requirement for adhesives and sealant chemicals as these products are used for sealing and bonding materials such as metal, concrete, glass, and wood. For instance, The Associated General Contractors (AGC) of America, Inc., estimates that there were over 919,000 construction establishments in the United States in the first quarter of 2023. The construction sector creates structures worth approximately USD 2.1 trillion every year and employs 8 million individuals.

The growth of the construction sector is propelling the number of construction projects, thus augmenting the requirement for construction materials, including adhesives and sealant chemicals. It in turn, is boosting the growth of the market by augmenting the demand for azelaic acid as it is used in adhesives for enhancing their mechanical properties and increasing the flexibility and robustness of the adhesives. Also, as azelaic acid aids in improving the water barrier properties of the adhesives, preventing moisture-related issues and allowing the adhesives to maintain their integrity, the demand for the market is propelled.

Future Market Scenario (2024 – 2031F)

According to global azelaic acid market analysis, the development of new formulation technologies using liposomes have allowed the delivery of the drug across all the layers of the skin, while ensuring the accumulation of azelaic acid in the stratum corneum. At present, azelaic acid does not find routine applications in anti-cancer therapies, however, the studies conducted so far have revealed that the acid might find prospective applications in skin cancer. Meanwhile, various studies are underway to evaluate the efficacy of azelaic acid for treating face melasma. For instance, the VIST - Faculty of Applied Sciences is conducting an interventional study to evaluate the efficacy of Melanostop peeling for improving Melasma. The participants will receive four Melanostop peel treatments containing 6% phytic acid, 10% resorcinol, and 20% azelaic acid. The study is expected to conclude in December 2024. The study will bolster the demand for azelaic acid for dermatological applications, thus, boosting the market's growth.

Report Scope

“Azelaic Acid Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and data, providing in-depth analysis and qualitative and quantitative assessment of the current state of global azelaic acid market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031F. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Click here for full report- https://www.marketsandata.com/industry-reports/azelaic-acid-market

[chetanagp]

India has been experiencing a robust rise in four-wheeler production and marginal growth in two and three-wheeler production this has been the country’s answer to the growing demand from domestic and international markets.

[greenfrontiercapital]

Accelerating Change: Climate Tech Investment Transforms 2-Wheeler Mobility in India

India is at a crucial juncture in its efforts to balance environmental preservation and economic progress. The nation’s focus on reducing carbon emissions and transitioning to a greener economy has placed significant attention on the electric vehicle (EV) sector. Given their widespread use in Indian transportation, the two-wheeler industry, specifically motorcycles, scooters, and mopeds, holds prime importance. Two-wheelers account for over 70% of all vehicles in India and are relied upon by millions for daily commuting and transportation.

The climate tech investment technology is crucial for accelerating the shift from two-wheelers to electric mobility. Companies like EMotorad are at the forefront of this effort. This article examines the current state of climate tech investment in India’s electric vehicle (EV) industry, as well as the numerous opportunities for sustainable finance in this sector. It also highlights the investment made by Green Frontier Capital in EMotorad, a startup that demonstrates how venture capital funds can have a sustainable impact on the 2-wheeler market in India.

Climate Tech Investment in the Indian Electric Vehicle Market

In 2022, climate tech investments accounted for 25% of all venture capital financing, up 14% from 2021, according to PwC’s State of Climate Tech Report. The worldwide market for sustainable funding is projected to rise from US$ 3.6 trillion in 2021 to US$ 23 trillion by 2031, according to the Confederation of Indian Industry (CII). The climate tech environment is witnessing considerable expansion, particularly in electric transportation.

In India, the growth of the electric vehicle industry is being fueled by regulatory pressure, technological advancements, and changing consumer preferences. The Confederation of Indian Industry (CII) predicts that the Indian electric vehicle industry will grow from US$ 3.21 billion in 2022 to US$ 113.99 billion in 2029. Research from Counterpoint suggests that electric vehicle sales could increase by 66% as early as 2024, and McKinsey and Company forecasts that by 2030, 60–70% of new two-wheeler sales in India will be electric vehicles.

In this industry, there are several prospects for sustainable funding. Over 70% of the US$ 2.7 billion that Indian EV start-ups raised between 2018 and 2023 went toward purchasing electric two- to three-wheelers, according to the IEA. According to the IEA’s Global EV Outlook 2024 Report, there are still a lot of climate tech investment prospects for Indian entrepreneurs and start-ups, with the country’s EV sector now estimated to have a US$200 billion investment potential.

The Indian government is dedicated to reducing carbon emissions and supporting renewable energy, generating a lot of interest in investments in climate technology, particularly in the electric vehicle (EV) sector. This emerging industry’s potential is being acknowledged by Indian investors and venture capital funds like Green Frontier Capital, leading to an increase in climate tech investments aimed at accelerating the country’s adoption of EVs.

EMotorad: An Excellent Investment in Climate Technology for Green Frontier Capital

EMotorad is an Indian company that manufactures electric bikes, scooters, and cycles. Founded in 2020 by Rajib Gangopadhyay, Kunal Gupta, Aditya Oza, and Sumedh Battewar, the company has seen significant growth in India and has garnered over 100,000 global customers. EMotorad is currently building the world’s largest gigafactory for electric bicycles in Pune.

The company is committed to sustainability and offers products that promote eco-friendly mobility and help reduce carbon footprints. Their use of environmentally friendly materials and production methods aligns with global sustainability objectives, making it an attractive investment for Indian sustainable finance investors.

In India’s price-sensitive market, a wide range of people can now afford green mobility thanks to reasonably priced electric two-wheelers. This suggests significant market potential and scalability for venture capital firms like GFC, who invested in EMotorad as part of their climate tech investment. This offers a great opportunity for long-term growth. EMotorad ensures exceptional product performance by investing in cutting-edge technologies such as long-lasting batteries and intelligent networking. This commitment to innovation puts the company at the forefront of the EV industry, providing a continuous competitive advantage to sustainable financing investors. The focus on ongoing innovation keeps the company ahead of industry trends, signaling a forward-thinking business that can adapt to changing market conditions and sustain steady long-term growth for its Indian investors.

Its triumphant foray into other markets showcases its worldwide scalability and provides top venture capital firms such as GFC with exposure to the expanding global demand for electric transportation. Strategic alliances with IT companies, governmental agencies, and environmental groups are advantageous to EMotorad as well. This enabling environment lowers operational risks and expands market penetration, increasing the company’s appeal as a climate tech investment. The seasoned leadership group of EMotorad promotes innovation and strategic expansion. Strong leadership is essential because it gives investors faith in the company’s capacity to overcome obstacles and seize opportunities in the climate tech industry.

EMotorad and Green Frontier Capital: The Path Forward

In India, switching to electric two-wheelers is a critical step toward accomplishing sustainable transportation and tackling the urgent problem of climate change. The 2-wheeler EV industry in India offers a strong potential for climate tech investment because of its sizeable and expanding market, favorable government regulations, and rising consumer awareness. Businesses like EMotorad are at the forefront, providing creative and reasonably priced solutions that support the worldwide movement toward environmentally friendly transportation.

According to Sandiip Bhammer, Managing Partner of Green Frontier Capital, “What struck us the most is the pace at which they were able to expand the business across geographies in just two years of existence; not only that, but the technology they are building on top of their bikes is a game changer; it will change the way people cycle.” As of July 2024, EMotorad has avoided 9,758,287+ liters of conventional fuel (petrol/diesel) by choosing e-bikes, generated 250+ green employment, and conserved 21,602+ tons of CO2 — an amount equal to the annual absorbance of 820,864+ fully grown trees. They use solar energy in 30% of their production processes, and they handle their trash in an ecologically responsible way in 99% of them. For Indian investors interested in sustainable finance, EMotorad is unquestionably a wise green investment. It offers significant financial gains in addition to making India and the rest of the globe a cleaner, greener future.

Tags: climate vc | top climate tech vcs | green investing | climate investors India | climate vc fund | top investment companies in India | venture capital green