India’s EV revolution is on the fast track! โก
The country’s electric vehicle (EV) adoption surged consistently from 2021, continuing its upward trajectory into 2023. With electric two-wheelers spearheading this growth, ๐ผ๐๐ฒ๐ฟ ๐ญ ๐น๐ฎ๐ธ๐ต ๐๐ฉ๐ ๐๐ฒ๐ฟ๐ฒ ๐๐ผ๐น๐ฑ monthly in H2 FY 2023. (Source: Times of India)
Gain quick insights into the growing realm of Electrical and Bio Fuel Vehicle companies through our Industry Insights series.
Key Highlights:
๐น๐ฆ๐ถ๐ด๐ป๐ถ๐ณ๐ถ๐ฐ๐ฎ๐ป๐ ๐๐๐ฟ๐ด๐ฒย in new electrical and bio fuel vehicle company incorporations over the ๐ฝ๐ฎ๐๐ ๐ฑ๐ฒ๐ฐ๐ฎ๐ฑ๐ฒ.
๐ธLeading states for these companies: ๐๐ฒ๐น๐ต๐ถ, ๐ ๐ฎ๐ต๐ฎ๐ฟ๐ฎ๐๐ต๐๐ฟ๐ฎ, and ๐๐ฎ๐ฟ๐ป๐ฎ๐๐ฎ๐ธ๐ฎ.
๐น๐๐ฒ๐ป๐ด๐ฎ๐น๐๐ฟ๐ district houses ๐ญ๐ฌ.๐ฎ๐ฐ% of India’s total electric and biofuel vehicle companies.
๐ธ๐ฏ๐ญ.๐ฏ๐ญ% of these companies report no revenue.
๐น๐ฒ๐ฒ.๐ฏ๐ฑ% have no secured borrowings, withย ๐ญ๐ฌ.๐ฑ๐ฐ% displaying secured borrowing between ๐ญ๐๐ฟ-๐ฑ๐๐ฟ.
๐ธMajority of secured borrowings within ranges of ๐ญ๐๐ฟ to ๐ญ๐ฌ๐ฌ๐๐ฟ and >๐ญ๐ฌ๐ฌ๐๐ฟ were recorded in ๐ฎ๐ฌ๐ฎ๐ฏ.
๐น๐ญ๐ฒ.๐ต๐ฎ% of the companies report income or expenses in foreign currency.
Access ๐ฐ๐ผ๐บ๐ฝ๐ฟ๐ฒ๐ต๐ฒ๐ป๐๐ถ๐๐ฒ ๐ฑ๐ฎ๐๐ฎ ๐ผ๐ป ๐ญ๐ฌ๐ฌ๐ฌ+ย electrical and bio fuel vehicle companies across India, on Probe42. Begin your exploration by navigating to Search by Industry – Automotive > Segment – Electrical and bio fuel vehicles.
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