#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.

[humsathi12]

Cost-Effective, Eco-Friendly, and Efficient: Humsathi E-Loaders Manufacturers

The demand for sustainable and eco-friendly transportation solutions has been steadily growing across the world. With cities becoming more congested and pollution levels reaching alarming heights, the need for cleaner alternatives to traditional fuel-powered vehicles is becoming ever more urgent. Electric vehicles (EVs), in particular, have garnered attention for their potential to reduce carbon emissions and provide efficient transportation. One such innovation within the electric vehicle market is the electric loader, commonly known as the e-loader. This article explores the rise of e-loader manufacturers and the role of Humsathi in shaping the future of green mobility solutions.

What is an E-Loader?

An e-loader is a type of electric vehicle designed for transporting goods, especially in urban settings. These electric loaders come in various forms, from small three-wheelers to larger, more robust vehicles. Unlike traditional internal combustion engine (ICE) vehicles, e-loaders run entirely on electricity, making them an environmentally friendly alternative to their fuel-powered counterparts. Their primary applications include last-mile delivery services, waste management, and transportation of goods in congested urban areas.

The e-loader market has witnessed rapid growth in recent years due to the increasing adoption of electric vehicles (EVs), rising environmental concerns, and the expanding need for affordable, efficient delivery solutions. E-loaders offer several benefits, including reduced operating costs, lower maintenance requirements, and zero emissions, making them an ideal solution for businesses looking to enhance their environmental footprint while cutting down on fuel costs.

Humsathi: A Key Player in the E-Loader Market

Humsathi is an emerging name in the electric vehicle (EV) market, with a focus on manufacturing and distributing e-loaders. As a manufacturer, Humsathi is addressing the pressing need for sustainable transportation solutions in urban and semi-urban environments. By providing affordable, reliable, and efficient electric loaders, Humsathi is playing a crucial role in promoting clean mobility and contributing to the global push for sustainability.

The company's mission revolves around creating innovative transportation solutions that prioritize environmental responsibility while meeting the diverse needs of the market. In line with this mission, Humsathi's e-loaders are designed to be durable, user-friendly, and cost-effective, ensuring that they cater to a broad range of industries. Whether it is a small business owner or a large logistics company, Humsathi's electric loaders offer the flexibility and performance needed to succeed in the modern marketplace.

Key Features of Humsathi E-Loaders

1. Sustainability and Zero Emissions Humsathi e-loaders run on electric power, which means they emit zero carbon dioxide and other pollutants that contribute to climate change and urban air pollution. This makes them an ideal solution for businesses looking to reduce their environmental impact while also complying with stringent emissions regulations. By switching to e-loaders, companies can contribute to a greener future, reduce their carbon footprint, and improve air quality in urban areas.

2. Cost-Effectiveness One of the primary reasons for the rapid adoption of e-loaders is their cost-effectiveness. Humsathi's electric loaders are designed to be low-maintenance and energy-efficient. Unlike fuel-powered vehicles, electric loaders have fewer moving parts, resulting in lower maintenance costs and longer vehicle life. Additionally, the cost of charging an e-loader is significantly lower than fueling a conventional truck, offering substantial savings over time.

3. Robust Design for Heavy Duty Humsathi's e-loaders are built to handle various types of cargo, from small packages to heavy goods. With robust and sturdy design elements, they can withstand the wear and tear of daily operations, ensuring high durability and reliability. Whether transporting construction materials, groceries, or e-commerce deliveries, these electric vehicles are designed to carry the load efficiently without compromising performance.

4. Charging Infrastructure Humsathi also places a strong emphasis on creating a supportive ecosystem for e-loader owners. One of the most significant challenges associated with the widespread adoption of electric vehicles is the availability of charging infrastructure. To address this, Humsathi has partnered with various entities to build a reliable network of charging stations, ensuring that e-loader owners can conveniently charge their vehicles without worrying about range anxiety.

5. Adaptability Across Industries Humsathi e-loaders are not limited to one industry. They can be used in various sectors, including logistics, food delivery, waste management, construction, and more. This flexibility makes them an appealing choice for businesses in different fields that require efficient, eco-friendly transportation solutions.

The Growing E-Loader Market in India

India is one of the fastest-growing markets for electric vehicles, including e-loaders. With its rising population, urbanization, and the need for sustainable solutions, the demand for e-loaders in India has been expanding rapidly. The government has also been offering incentives and subsidies to promote the adoption of electric vehicles, making it easier for businesses and individuals to switch to eco-friendly alternatives.

Humsathi, with its commitment to providing affordable, efficient, and sustainable electric loaders, has emerged as a strong player in the Indian market. By focusing on the specific needs of Indian businesses and industries, Humsathi has been able to carve out a niche for itself as a leading e-loader manufacturer. As the market continues to expand, companies like Humsathi are well-positioned to lead the charge in transforming India's transportation sector.

Future Prospects and Innovation

As the e-loader market continues to grow, the future looks promising for manufacturers like Humsathi. With advancements in battery technology, charging infrastructure, and vehicle design, electric loaders will become even more efficient, cost-effective, and widely accessible. Innovations in areas like battery capacity, vehicle range, and faster charging times will further enhance the appeal of e-loaders as a viable alternative to conventional vehicles.

Moreover, as cities across the world move towards stricter emissions regulations and sustainability goals, the demand for eco-friendly transportation solutions, including e-loaders, will continue to rise. Humsathi, with its forward-thinking approach and commitment to sustainability, is well-positioned to be at the forefront of this green revolution in transportation.

Conclusion

E-loaders represent the future of urban transportation, offering businesses an eco-friendly, cost-effective, and reliable way to move goods within cities. With companies like Humsathi leading the charge, the e-loader market is poised for tremendous growth. By providing cutting-edge electric vehicles designed to meet the needs of various industries, Humsathi is not only contributing to the global transition towards cleaner mobility but also helping businesses reduce their environmental impact and operating costs. As electric vehicle technology continues to evolve, the role of manufacturers like Humsathi will be pivotal in shaping the future of sustainable transport.

Visit:- https://www.humsathi.com/e-rickshaw-loader.html

[stanleyhuds]

Low Speed Electric Vehicle Market Report 2025 | Share, Trends, and Forecast by 2033

IMARC Group’s report titled “Low Speed Electric Vehicle Market Report by Product (Two-wheelers, Three-wheelers, Four-wheelers), Vehicle Type (Passenger LSEV, Heavy-duty LSEV, Utility LSEV, Off-road LSEV), Voltage (24V, 36V, 48V, 60V, 72V), Battery (Lithium-Ion Battery, Lead-Acid Battery, and Others), End User (Golf Courses, Tourist Destinations, Hotels and Resorts, Airports, Residential and Commercial Premises, and Others), and Region 2025-2033”. The global low speed electric vehicle market size reached USD 5.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 16.2 Billion by 2033, exhibiting a growth rate (CAGR) of 11.44% during 2025-2033.

Factors Affecting the Growth of the Low Speed Electric Vehicle Industry:

● Environmental Regulations:

The market for low-speed electric vehicles (LSEVs) is growing due to stricter environmental regulations. Governments worldwide are pushing to cut carbon emissions and fight climate change. They are enforcing tougher emission standards, offering incentives for electric vehicles, and penalizing high-emission vehicles. LSEVs, being zero-emission, fit perfectly with these rules. As cities and countries strive to meet their environmental targets, the demand for LSEVs, which have no tailpipe emissions, is set to rise.

● Cost Savings:

Cost is key in adopting LSEVs. They are cheaper than traditional EVs, making them more accessible. LSEVs also have lower running costs, such as fuel and maintenance. These savings come from electric drivetrains and simpler designs. Thus, LSEVs are a practical, economical choice for consumers. This cost-effectiveness boosts their appeal and market growth.

● Urbanization and Traffic Congestion:

Cities are growing and traffic is worsening, increasing the demand for LSEVs. Traditional vehicles worsen jams and parking issues. LSEVs, being small and slow, are perfect for short trips and city commuting. They help navigate crowded streets and find parking. Their design suits last-mile needs and short travel, appealing to city residents.

Grab a sample PDF of this report: https://www.imarcgroup.com/low-speed-electric-vehicle-market/requestsample

Leading Companies Operating in the Global Low Speed Electric Vehicle Industry:

AGT Electric Cars

Bintelli Electric Vehicles

Bradshaw Electric Vehicles

HDK Electric Vehicle

Hero Electric Vehicles Pvt Ltd

Polaris Inc.

Speedways Electric

Terra Motors Corporation

Textron Inc.

Low Speed Electric Vehicle Market Report Segmentation:

By Product:

Two-wheelers

Three-wheelers

Four-wheelers

On the basis of the product, the market has been divided into two-wheelers, three-wheelers, and four-wheelers.

By Vehicle Type:

Passenger LSEV

Heavy-duty LSEV

Utility LSEV

Off-road LSEV

Off-road LSEV holds the biggest market share as it is designed for a variety of applications, including agriculture, recreation, and industrial use.

By Voltage:

24V

36V

48V

60V

72V

Based on the voltage, the market has been segregated into 24V, 36V, 48V, 60V, and 72V.

By Battery:

Lithium-Ion Battery

Lead-Acid Battery

Others

On the basis of the battery, the market has been classified into lithium-ion battery, lead-acid battery, and others. By End User:

Golf Courses

Tourist Destinations

Hotels and Resorts

Airports

Residential and Commercial Premises

Others

Golf courses exhibit a clear dominance in the market due to the rising need to transport golfers and their equipment across the course.

Regional Insights:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa

North America enjoys a leading position in the low speed electric vehicle market on account of the increasing demand for recreational purposes.

Global Low Speed Electric Vehicle Market Trends:

Countries are offering subsidies, tax breaks, and other financial incentives to boost electric vehicle (EV) adoption. These incentives lower the initial cost of light-duty electric vehicles (LSEVs), making them more appealing. Moreover, some authorities provide perks like carpool lane access, reduced fees, and regulatory exemptions. These measures cut ownership costs and boost confidence.

Additionally, advancements in battery technology and electric drivetrains are enhancing LSEV efficiency, reliability, and affordability.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact US

IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA Email: sales@imarcgroup.com Tel No:(D) +91 120 433 0800 United States: +1–631–791–1145

[yukinovabattery]

Yukinova: Leading the Way in High-Performance Lithium-Ion Battery Solutions in India

Introduction: Powering the Future with Reliable Lithium-Ion Solutions

The demand for dependable power sources has never been higher, with industries ranging from consumer electronics to electric vehicles seeking efficient, long-lasting battery solutions. At the forefront of this technological advancement in India is Yukinova, a leading lithium-ion battery supplier headquartered in Uttar Pradesh. Founded as a small test lab, Yukinova has grown into one of India’s most trusted names in battery manufacturing, providing high-performance lithium-ion batteries that cater to diverse applications such as inverter systems, solar setups, and electric vehicles.

From Humble Beginnings to Industry Leader

Yukinova’s journey began modestly, with a small research team dedicated to exploring energy storage solutions. Over the years, this dedication to research and development has positioned Yukinova as a prominent player in India’s lithium-ion battery market. Through consistent innovation and a commitment to quality, the company has expanded its capabilities, producing batteries that meet the rigorous demands of today’s technological landscape.

As a result, Yukinova is not only known for reliable battery products but also for pioneering advancements in energy storage solutions that cater to a variety of applications, from consumer devices to large-scale industrial use.

Advanced Technology for Superior Performance

Yukinova places a strong emphasis on integrating cutting-edge technology into its manufacturing processes, ensuring that every battery is built to deliver optimal performance, durability, and safety. Leveraging state-of-the-art facilities and the latest technological innovations, Yukinova's research and development team focuses on crafting batteries that are energy-efficient, lightweight, and capable of withstanding extensive use.

This commitment to advanced technology allows Yukinova to deliver products that meet the specific needs of various industries. For example, Yukinova’s batteries for electric vehicles offer high energy density, faster charging times, and improved lifespan, making them ideal for both two-wheelers and three-wheelers in the rapidly growing e-mobility sector.

A Broad Spectrum of Lithium-Ion Solutions

Yukinova’s range of lithium-ion batteries is designed to support a wide range of applications, making it a versatile choice for numerous sectors. Some of the core applications include:

Inverter and Backup Power: Yukinova's lithium-ion batteries provide dependable power backup solutions for inverters. These batteries are compact and efficient, offering a sustainable alternative to traditional lead-acid batteries.

Solar Applications: With the growth of renewable energy in India, Yukinova has made significant strides in developing lithium-ion batteries tailored for solar energy storage. These batteries enable seamless energy storage, making it easier for residential and commercial setups to harness and utilize solar power even during peak usage times.

Electric Vehicles: The electric vehicle (EV) sector in India is expanding rapidly, and Yukinova is at the forefront of this movement by offering high-quality lithium-ion batteries suitable for electric bikes, scooters, and three-wheelers. These batteries offer extended mileage, quick charging times, and a long operational life, addressing some of the primary concerns of EV manufacturers and consumers alike.

Quality Assurance and Reliability at the Core

One of Yukinova’s hallmarks is its commitment to quality assurance and reliability. Each battery undergoes extensive quality testing to ensure it meets international standards for performance, safety, and durability. Yukinova’s quality control processes include rigorous testing for voltage stability, capacity retention, and temperature resilience, ensuring that every product that leaves the facility can deliver consistent performance.

By implementing these stringent quality checks, Yukinova assures its customers that they are receiving a product that not only meets but often exceeds industry expectations. This reliability is one of the primary reasons why Yukinova is regarded as a trusted supplier across India, with a growing reputation among both corporate clients and individual consumers.

Sustainable and Eco-Friendly Manufacturing Practices

As a company dedicated to environmental responsibility, Yukinova employs eco-friendly practices throughout its production process. Lithium-ion batteries are generally considered more sustainable than traditional lead-acid batteries, and Yukinova is committed to minimizing waste, optimizing resource use, and reducing its carbon footprint. By adopting such sustainable practices, Yukinova not only contributes to cleaner energy solutions but also supports India’s larger climate goals.

Why Choose Yukinova for Lithium-Ion Battery Solutions?

With an established reputation and a comprehensive range of lithium-ion solutions, Yukinova has become a preferred choice for reliable, high-quality batteries. Here are a few reasons to consider Yukinova for your battery needs:

Proven Expertise: Decades of experience in the industry combined with a dedicated research team ensure that Yukinova consistently delivers advanced battery technology.

Diverse Product Range: From EV batteries to solar applications, Yukinova offers solutions tailored to meet a variety of power needs.

Commitment to Quality: Rigorous testing and strict quality controls ensure Yukinova’s batteries provide reliable performance over extended periods.

Eco-Friendly Manufacturing: Sustainable practices are at the core of Yukinova’s operations, supporting the push toward a greener future.

Conclusion: Yukinova – Powering Innovation with High-Performance Lithium-Ion Batteries

In an era where energy efficiency and reliability are critical, Yukinova stands out as a leading supplier of lithium-ion batteries in India. Whether you need a dependable power source for inverter systems, electric vehicles, solar setups, or consumer electronics, Yukinova’s extensive product range and commitment to quality make it the preferred choice for discerning customers.

By continuously evolving and investing in cutting-edge technology, Yukinova remains dedicated to powering innovation and meeting the energy demands of tomorrow. Choose Yukinova for a sustainable, high-performance battery solution that drives your progress and elevates your technological capabilities.

Original Source: https://lithiumionbatterysupplier.blogspot.com/2024/11/yukinova-leading-way-in-high.html

[news365timesindia]

[ad_1] TVS Motor Company recorded monthly sales of 489,015 units in October 2024 with a growth of 13% as against 434,714 units in the month of October 2023.Two-WheelerTotal two-wheelers registered a growth of 14% with sales increasing from 420,610 units in October 2023 to 478,159 units in October 2024. Domestic two-wheeler registered growth of 13% with sales increasing from 344,957 units in October 2023 to 390,489 units in October 2024.Motorcycle registered a growth of 14% with sales increasing from 201,965 units in October 2023 to 230,822 units in October 2024. Scooter registered a growth of 17% with sales increasing from 165,135 units in October 2023 to 193,439 units in October 2024.Electric VehicleEV sales registered a growth of 45% with sales increasing from 20,153 units in October 2023 to 29,308 units in October 2024.International BusinessThe Companys total exports registered a growth of 9% with sales increasing from 87,952 units in October 2023 to 95,708 units in October 2024. Two-wheeler exports registered a growth of 16% with sales increasing from 75,653 units in October 2023 to 87,670 units in October 2024.Three-WheelerThree-wheeler registered sales of 10,856 units in October 2024 as against 14,104 units in October 2023.About TVS Motor CompanyTVS Motor Company (BSE:532343 and NSE: TVSMOTOR) is a reputed two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities located in India and Indonesia. Rooted in our 100-year legacy of trust, value, and passion for customers, it takes pride in making internationally accepted products of the highest quality through innovative and sustainable processes. TVS Motor is the only two-wheeler company to have won the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for four consecutive years. Our group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Our subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland. TVS Motor Company endeavours to deliver the most superior customer experience across 80 countries in which we operate. For more information, please visit www.tvsmotor.com. [ad_2] Source link

[news365times]

[ad_1] TVS Motor Company recorded monthly sales of 489,015 units in October 2024 with a growth of 13% as against 434,714 units in the month of October 2023.Two-WheelerTotal two-wheelers registered a growth of 14% with sales increasing from 420,610 units in October 2023 to 478,159 units in October 2024. Domestic two-wheeler registered growth of 13% with sales increasing from 344,957 units in October 2023 to 390,489 units in October 2024.Motorcycle registered a growth of 14% with sales increasing from 201,965 units in October 2023 to 230,822 units in October 2024. Scooter registered a growth of 17% with sales increasing from 165,135 units in October 2023 to 193,439 units in October 2024.Electric VehicleEV sales registered a growth of 45% with sales increasing from 20,153 units in October 2023 to 29,308 units in October 2024.International BusinessThe Companys total exports registered a growth of 9% with sales increasing from 87,952 units in October 2023 to 95,708 units in October 2024. Two-wheeler exports registered a growth of 16% with sales increasing from 75,653 units in October 2023 to 87,670 units in October 2024.Three-WheelerThree-wheeler registered sales of 10,856 units in October 2024 as against 14,104 units in October 2023.About TVS Motor CompanyTVS Motor Company (BSE:532343 and NSE: TVSMOTOR) is a reputed two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities located in India and Indonesia. Rooted in our 100-year legacy of trust, value, and passion for customers, it takes pride in making internationally accepted products of the highest quality through innovative and sustainable processes. TVS Motor is the only two-wheeler company to have won the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for four consecutive years. Our group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Our subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland. TVS Motor Company endeavours to deliver the most superior customer experience across 80 countries in which we operate. For more information, please visit www.tvsmotor.com. [ad_2] Source link

[bizworldinsights]

 Magnesium Wheel

Magnesium Wheels: A Game Changer in the Automotive Industry

Magnesium wheels are renowned for their lightweight construction, exceptional damping capacity, and impressive specific strength. Typically manufactured through casting and forging processes, these wheels have an average density that is 150% lower than that of aluminum. This unique attribute makes them highly sought after in the racing car segment. Magnesium is extensively utilized in various automotive applications, including seat frames, transmission casings, lock bodies, and airbag housings, thanks to its abundant availability.

Market Insights

The magnesium wheel market was valued at over $20.1 billion in 2019, with projections indicating a compound annual growth rate (CAGR) of 2.8% over the next decade. This growth is primarily driven by the increasing demand for racing vehicles and lightweight automobiles. The rise of light electric rickshaws and other lightweight transportation options is expected to further propel market demand. In 2018 alone, global sales of magnesium wheels exceeded 39 million units, a figure anticipated to increase by 1.4 times during the forecast period.

Drivers and Challenges in the Magnesium Wheel Market

The magnesium wheel market is experiencing significant expansion, fueled by the automotive industry's shift towards green mobility solutions. The growing popularity of electric vehicles (EVs) and lightweight transport options is driving the demand for high-quality components, positioning magnesium wheels as a preferred choice.

However, despite their advantages, magnesium wheels are not typically favored for heavy-duty applications. The competition from alternative materials, particularly aluminum, presents a substantial challenge for industry players.

Regional Market Overview

In 2018, the Asia-Pacific region emerged as the leader in magnesium wheel sales, accounting for over 42% of the global market share. The rising sales of two- and three-wheeled vehicles in China and India have created a favorable environment for manufacturers. Additionally, the gradual transition from conventional vehicles to electric models is fostering market growth for magnesium wheel companies. India and China dominate both global sales and production, housing the highest concentration of manufacturers and contract manufacturers.

Western Europe follows closely behind in the magnesium wheel market, with the majority of sales concentrated in the EU-5 countries. This region also exports products to Central and Eastern Europe (CEE) and the Middle East and Africa (MEA).

Competitive Landscape

Key players in the magnesium wheel market include:

SMW Engineering

Enkei

MKW Alloy

BBS

Z. Group

Market Segmentation

By Manufacturing Process:

Forged

Cast

By Distribution Channel:

OEM

Aftermarket

By Vehicle Type:

Two Wheelers

Three Wheelers

Sports Utility Vehicles

[goldstarindia1]

GOLDSTAR: Leading Tubular Battery Manufacturer Delivering Quality and Reliability

GOLDSTAR has established itself as the No. 1 battery manufacturing company among India’s small-scale industries. Known for delivering high-quality Tubular Batteries and other types of batteries, the company has earned the trust of customers across various markets. With a wide product portfolio that includes automotive, inverter, solar, SMF-VRLA, e-rickshaw, and motorcycle batteries, GOLDSTAR continues to set industry benchmarks for quality and performance.

A Legacy of Excellence: The Vision of Shri Muljibhai Pansara

GOLDSTAR’s remarkable journey began with the visionary leadership of Shri Muljibhai Pansara, affectionately known as “The Battery Man.” He founded the company with the mission of manufacturing top-quality batteries that meet the demands of consumers in both domestic and international markets. Over the years, GOLDSTAR has grown into a trusted name, supplying products to various sectors, including exports, aftermarket sales, and original equipment manufacturers (OEMs).

Shri Pansara’s commitment to excellence has been a guiding force for the company’s success. His focus on quality and customer satisfaction has helped GOLDSTAR maintain its position as a leader in the battery manufacturing industry.

The GOLDSTAR Product Range: Powering Multiple Segments

One of the key factors behind GOLDSTAR's success is its diverse range of batteries designed to cater to the needs of different markets. The company's product range includes:

Automotive Batteries: Reliable and durable, designed to power cars, trucks, and other vehicles.

Inverter Batteries: Providing uninterrupted power supply during outages, ensuring homes and businesses stay operational.

Solar Batteries: Supporting eco-friendly energy solutions by storing solar power for both residential and commercial use.

SMF-VRLA Batteries: Maintenance-free and ideal for backup power in various industries.

E-Rickshaw Batteries: Providing efficient power for electric rickshaws, contributing to the growth of green transportation.

Motorcycle Batteries: Designed for optimal performance in two-wheelers, ensuring smooth rides.

GOLDSTAR’s tubular batteries are particularly known for their long life, with an expected lifespan of 42-48 months. These batteries are designed for deep cycling, making them perfect for applications that require extended backup power. The tubular design ensures the batteries can withstand harsh conditions while delivering consistent performance.

Maintaining High Standards of Quality and Performance

GOLDSTAR tubular batteries are manufactured to the highest standards, ensuring reliability and durability. The company's commitment to quality is evident in the manufacturing process, where each battery undergoes rigorous testing to meet performance expectations.

To ensure the best results, the total ampere-hour (Ah) input is calculated by multiplying the current (amps) by the duration (hours). The specific gravity and voltage readings are checked hourly to confirm that they remain constant. The charge voltage for the batteries typically falls within the range of 15.5V to 16.5V. Additionally, all cells are designed to gas freely, ensuring the battery maintains its efficiency throughout its life cycle.

Commitment to Sustainability: Recyclable Batteries

In addition to providing high-quality products, GOLDSTAR is committed to environmental sustainability. The company designs its batteries to be recyclable, reducing waste and promoting eco-friendly practices. This focus on sustainability aligns with the growing demand for green energy solutions and ensures that GOLDSTAR’s products not only meet the needs of today but also contribute to a cleaner future.

Serving Diverse Markets: Export, Domestic, and OEM

GOLDSTAR’s reach extends beyond India’s borders, with a strong presence in international markets. The company caters to three major market segments:

Exports: Supplying high-quality batteries to clients around the world, GOLDSTAR has earned a reputation for reliability and performance.

Domestic/Aftermarket Sales: Meeting the energy needs of customers across India, GOLDSTAR is a trusted name in homes, businesses, and industries.

OEM (Original Equipment Manufacturer): Partnering with leading manufacturers to provide batteries that power various equipment and vehicles, GOLDSTAR plays a key role in multiple industries.

Conclusion: The Future of Energy Storage with GOLDSTAR

As a leading tubular battery manufacturer, GOLDSTAR continues to set the standard for quality, performance, and sustainability. With a product range that caters to automotive, solar, inverter, and industrial needs, the company is well-positioned to serve the growing demand for reliable energy storage solutions. Whether you’re looking for a durable battery for your vehicle, home, or business, GOLDSTAR has the right solution for you.

GOLDSTAR’s legacy, built on the vision of Shri Muljibhai Pansara, promises a future where innovation and quality drive success. By choosing GOLDSTAR, you’re investing in a battery that delivers long-lasting performance and supports a sustainable energy future.

Original source: https://medium.com/@goldstarpowerlimited/goldstar-leading-tubular-battery-manufacturer-delivering-quality-and-reliability-057bac8f1096

[forblogmostly]

Mercury EV-Tech Limited Board Meeting Results: Director Changes and Strategic Acquisition

On September 30, 2024, Mercury EV-Tech Limited held a pivotal board meeting, during which several significant decisions were made, shaping the company's future. This meeting was conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key outcomes included the cessation of two director tenures, the appointment of new directors, a committee reconstitution, and a strategic acquisition that could strengthen Mercury's market position.

During the meeting, the board addressed the tenure of two directors, Mr. Ajay Ramkrishna Shukla and Mr. Arif Rajjak Sayyad, both of whom held the position of Additional Directors. According to section 161(1) of the Companies Act, 2013, the tenure of these directors was set to end on September 30, 2024, coinciding with the deadline for the company's Annual General Meeting (AGM). As the company had received an extension to hold its AGM from the Registrar of Companies, both directors' tenures formally ceased at the close of business on that date.

In addition, the board, following the recommendation of the Nomination and Remuneration Committee, reappointed Mr. Shukla and Mr. Sayyad to new roles within the company. Mr. Shukla was appointed as an Additional Director, classified as an Independent Director, effective October 1, 2024, for a second term of five years. This appointment reflects the company's trust in Mr. Shukla’s abilities and experience to contribute to its growth in the coming years. On the other hand, Mr. Sayyad was appointed as an Additional Director under the category of Non-Executive, Non-Independent Director, also starting on October 1, 2024. This restructuring aligns with Mercury EV-Tech’s strategic vision, ensuring that experienced leadership continues to guide the company.

Further, the board reconstituted the Nomination and Remuneration Committee by appointing Mr. Shukla as a member of the committee. This decision coincided with the cessation of Mr. Harit Gopalbhai Shah’s membership on the same committee. The new structure of the committee aims to bring fresh perspectives to decisions surrounding compensation and leadership nominations, key factors for the company's future.

One of the most significant decisions made at the board meeting was the approval to acquire a 70% stake in Haitek Automotive Private Limited. Haitek is a company involved in the manufacturing of electric vehicles (EVs) and has a growing presence in the electric three-wheeler market in West Bengal, India. Mercury EV-Tech will purchase 350,000 equity shares, priced at ₹10 per share, for a total consideration of ₹35,00,000. With this acquisition, Haitek Automotive Private Limited will become a subsidiary of Mercury EV-Tech Limited.

The acquisition marks a strategic move by Mercury to strengthen its position in the growing electric vehicle market, particularly in the three-wheeler segment. West Bengal's rising demand for three-wheeler EVs presents an opportunity for Mercury to scale its operations and improve its market penetration. By leveraging Haitek’s established distribution networks and production capabilities, Mercury hopes to enhance its efficiency and profitability in the highly competitive electric vehicle sector. This acquisition is expected to facilitate technological synergies and potentially foster innovations in Mercury's EV product offerings.

The board meeting concluded at 5:30 p.m., having commenced at 4:30 p.m., and represents a turning point for Mercury EV-Tech Limited, positioning the company for future growth through leadership realignments and strategic acquisitions.

With these new appointments and the acquisition of Haitek, Mercury EV-Tech is poised to expand its influence in the burgeoning electric vehicle industry, leveraging key leadership and market opportunities for sustained growth.

[arfathbaig112]

Internal Combustion Engines: A Comprehensive Guide

Internal combustion engines (ICEs) have been the driving force behind technological advancements for over a century. The Indian Internal Combustion Engines Market is projected to reach USD 8.3 billion by 2026, growing at a CAGR of 7.6% during the forecast period (2020–2026). This growth is primarily driven by the increasing demand for vehicles, construction equipment, and power generation solutions in the country that uses ICEs.

Basic Components of an Internal Combustion Engine 

An ICE consists of several interconnected components that work together to produce power:

Combustion Chamber: The space where the fuel-air mixture is ignited and combustion occurs.

Piston: A movable component that reciprocates within the cylinder, converting the combustion energy into mechanical energy.

Connecting Rod: A component that connects the piston to the crankshaft, transmitting the mechanical energy.

Crankshaft: A rotating shaft that converts the reciprocating motion of the piston into rotary motion.

Valves: Devices that control the flow of fuel-air mixture into and out of the combustion chamber.

Fuel System: Delivers fuel to the engine for combustion.

Ignition System: Ignites the fuel-air mixture in the combustion chamber.

Cooling System: Removes excess heat from the engine to prevent overheating.

Exhaust System: Directs the exhaust gases from the engine to the atmosphere.

How an Internal Combustion Engine Works 

ICEs typically operate on either a four-stroke or a two-stroke cycle.

Four-Stroke Cycle:

Intake Stroke: The intake valve opens, allowing a mixture of fuel and air to enter the cylinder.

Compression Stroke: The intake valve closes, and the piston compresses the fuel-air mixture.

Power Stroke: The spark plug ignites the compressed mixture, causing a power stroke that pushes the piston downward.

Exhaust Stroke: The exhaust valve opens, and the piston pushes the exhaust gases out of the cylinder.

Two-Stroke Cycle:

Intake and Compression Stroke: The piston moves downward, creating a vacuum that draws in a fresh charge of fuel and air.

Power and Exhaust Stroke: As the piston moves upward, the compressed mixture is ignited, generating power and forcing the exhaust gases out through the exhaust port.

Types of Internal Combustion Engines 

ICEs can be classified based on several factors:

Fuel Type:

Gasoline engines

Diesel engines

Natural gas engines

Number of Cylinders:

Single-cylinder engines

Multi-cylinder engines (V-engines, inline engines, etc.)

Cooling System:

Air-cooled engines

Liquid-cooled engines

Ignition System:

Spark-ignition engines (gasoline engines)

Compression-ignition engines (diesel engines)

Applications of Internal Combustion Engines

ICEs are used in a wide range of applications, including:

Automobiles Passenger & Commercial Vehicles: Cars, trucks, and SUVs

Motorcycles Two & Three Wheelers: Bikes, scooters, passenger & goods carriers

Construction Equipment: Excavators, bulldozers, and cranes

Marine Engines: Boats and ships

Power Generators: Providing electricity for various purposes

Advantages and Disadvantages of Internal Combustion Engines 

ICEs offer several advantages:

Efficiency: They can convert a significant portion of the fuel’s energy into mechanical work.

Power Output: ICEs can produce substantial power, making them suitable for heavy-duty applications.

Versatility: They can be adapted to fit various applications and sizes.

However, ICEs also have some disadvantages:

Pollution: The combustion process produces harmful emissions that contribute to air pollution.

Noise: ICEs can be noisy, especially when operating at high speeds.

Fuel Consumption: The consumption of fossil fuels can contribute to climate change.

The Future of Internal Combustion Engines 

With increasing environmental concerns and stringent fuel efficiency regulations, the future of Internal Combustion Engines (ICEs) is evolving. While there is a growing emphasis on alternative power sources like electric vehicles, ICEs are still a dominant force in many industries.

At Greaves Engineering, we are committed to driving innovation in ICE technology to ensure their continued relevance. Our focus on research and development has led to significant advancements in:

Fuel Efficiency: We have developed engines that deliver exceptional fuel economy, reducing carbon emissions and operating costs.

Emission Reduction: Our engineers have implemented cutting-edge technologies to minimise harmful emissions, ensuring compliance with stringent environmental regulations.

Performance Optimization: We continuously strive to enhance the power output and performance of our ICEs, making them suitable for a wide range of applications.

Greaves Engineering’s Role in Shaping the Future of ICEs 

Greaves Engineering is actively contributing to the future of ICEs by:

Developing Sustainable Solutions: Our focus on fuel-agnostic engines and alternative fuel options demonstrates our commitment to a sustainable future.

Investing in Research and Development: We invest heavily in research and development to explore new technologies and improve the efficiency and performance of our ICEs.

Collaborating with Industry Partners: We collaborate with industry leaders to develop innovative solutions and drive the adoption of advanced ICE technology.

While the transition to electric vehicles is gaining momentum, ICEs will likely remain a crucial part of the transportation landscape for many years to come. Greaves Engineering is at the forefront of this evolution, ensuring that our ICEs continue to meet the demands of a changing world.

[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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[researchrealmblog]

The Future of Automotive Mechanical Oil Pumps: Innovations and Challenges

Market Overview

The automotive mechanical oil pump market will generate an estimated revenue of USD 18.2 billion in 2024, and it is expected to witness a CAGR of 2.3% during 2024–2030, to reach USD 20.9 billion by 2030. The growth is attributed to increasing demand of passenger and commercial vehicles in the global market under the stringent emission standards. Optimal performance and efficiency of the engine are crucial, and this is why mechanical oil pumps are important.

There is need to improve the fuel economy that at the same time will lower the running cost while at the same time extending the period between major engine overhauls hence lowering maintenance costs. Higher consumption of efficient cars, higher cost of fuel, and the increased standard of emissions are the recent trends that have shaped the global automotive industry.

As a result, many nations are donating the equipment for the installation of oil pumps that further contribute to the durability of the car. Used in every automotive engine, the automatic oil pump assists in starting and stopping the car, and in maintaining the oil pressure the pistons provide while it lubricates the various parts of the engine. They are both aimed at raising the fuel economy of the car in question.

The increase in the production of ICE and other hybrid electric vehicles is a major factor influencing the automotive mechanical oil pump market, as these are one of the several parts of the lubrication system. With the increasing consumption of automobiles, mechanical oil pumps are bought by the OEMs for fitment during automobile manufacturing.

Key Insights

Wet sump category holds a larger market share of 65% in 2024.

Commonly used in smaller engines with minimal lubrication needs and lower power consumption.

Preferred in most automotive engines due to simplicity, cost-effectiveness, low weight, and minimal maintenance.

Passenger vehicles category accounts for the largest share of 40% in 2024.

Higher production volume to meet increasing demand for personal mobility worldwide.

Gasoline category dominates the market in 2024 with around 50% share.

Requires less-frequent servicing compared to diesel engines and is cost-effective.

Depend heavily on mechanical oil pumps for lubrication and cooling.

Hybrid category is expected to be the faster-growing category with a CAGR of 3.7% during 2024–2030.

Growth driven by environmental concerns and regulations against pure-ICE vehicles.

EV sales are rising, but high costs and inadequate charging infrastructure push HEV/PHEV sales, offering benefits of both ICEs and BEVs.

Vane category is expected to witness the highest CAGR of 2.6% during 2024–2030.

Vane pumps, known as surface tension pumps, enhance fluid velocity and handle less-viscous fluids at high pressures better than gear pumps.

OEMs hold a larger share of 70% in 2024.

Growth driven by demand for mechanical oil pumps integrated into vehicles during manufacturing.

OEMs provide better parts compared to the aftermarket, ensuring efficient lubrication and reduced fuel consumption to meet emission regulations.

APAC holds the largest revenue share of 45% in 2024 and is expected to develop at the highest CAGR of 2.7% from 2024 to 2030.

Growth driven by the expanding automotive sector in regional developing countries.

Strict emission regulations in APAC improve air quality and resolve environmental issues.

Mechanical oil pumps help reduce friction, increase efficiency, and optimize engine lubrication.

In India, the automotive industry produced 25.93 million vehicles in FY2023.

Contributed 8% of the country’s exports and 7.1% of India’s GDP.

Includes three-wheelers, two-wheelers, passenger vehicles, commercial vehicles, and quadricycles.

Source: P&S Intelligence

[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.