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13 June 2024
Record growth in EV Sales driven by electric two-wheelers in FY24

In Focus Today

  • SEZ exports up 4%

  • Tata Motors targets higher PV share

EV sales soar 40.31% in FY24, two-wheelers lead the charge

Electric two-wheelers (E2Ws) and electric three-wheelers (E3Ws) accounted for 94% of all EV sales, with the E2W segment leading the charge, selling 1,009,356 units and capturing 57.50% of total EV sales, largely due to the introduction of advanced models. Source: Economic Times

World Bank revises India's FY25 growth forecast to 6.6%

The World Bank revised India's FY25 growth forecast to 6.6% from 6.4%, predicting that the country will continue to be the fastest growing economy, owing to increased public and private investment and consumption. Source: Economic Times

Exports from special economic zones up 4% to USD 163.69 billion in 2023-24

In FY24, special economic zones (SEZs) saw a 4% increase in exports, reaching $163.69 billion. These zones significantly contributed to the country's exports, with previous fiscal years generating $157.24 billion and $133 billion, respectively. Source: IBEF

L&T steps up hi-tech efforts in China

Larsen & Toubro (L&T), India’s top engineering firm, is targeting China’s hi-tech market by supplying equipment to global companies entering the space, aiming for around Rs 1670 crores niche despite local regulatory challenges. Source: Business Standard

Tata Motors aims for 4-6% PV market share growth by 2030

The company aims to increase its market share to 16% by FY27 with new mid-size SUVs and a shift to CNG and EVs. They expect to reach 18-20% market share by 2030. Source: The Economic Times
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