Sharper recovery expected

Automobile monthly sales have continued to remainsubdued in May 2021 as well, marred by extension of lockdowns from most statesto break the chain of COVID-19 infections, depending upon the severity of theCOVID wave in the respective states. Despite the extended plant shutdowns across auto companies, supply chains havenot been as badly affected this time around, unlike last year.

Industry experts expectwholesales to bounce back as restrictions ease. Hence, companies withmeaningful exports share would fare better, they claim.

Segment-wise, forMHCVs, fleet operators’ profitability has been impacted sharply due to a ~21per cent decline in freight rates, and this has impacted fleet utilizationlevels as well. E-way bills have dropped by ~40 per cent in May-21 vs 4QFY21levels.

Market analysts maintain that recovery could be sharper as economicactivity normalizes and, given the extremely low base, they expect ~85 per cent/25per cent Y-o-Y volume growth in FY22/23F, driven by an improvement in economic activities, lowinterest rate regime, and an improvement in financing availability. Analystsexpect M&HCVs to outpace other segments in FY2022, while demand for ICV andLCV remains strong and would continue to drive industry growth

NEWS ----------SEPTEMBER 2018 Issue
Cygni Energy raises $6.4 Mn to power growth & expansion

Hyderabad-based Cygni Energy Pvt. Ltd., an innovative Solar-DC solutions start-up, has announced that it has raised funds of $6.4-mn through a combination of equity and debt. The equity funding is led by Endiya Partners, a leading early stage venture capital firm that invests in product start-ups, and the debt by IndusInd B   READ MORE...
Cosmos Solutions receives US$950-mn for new eco-friendly energy product
Cosmos Solutions Pvt. Ltd.’s patented new technology to generate more power from engines using micro controllers received a major green signal with a private equity of US$950-million from Linetrust Offshore Ltd. The Head of private equity of Linetrust ASEAN, Dr. Sailesh Lachu Hiranandani, who has spared no effort in promoting the development of renewable energy, assured Cosmos   READ MORE...
Black & Veatch bags IEDCL’s 41MW hybrid project
Black & Veatch has been selected to provide engineering expertise to IL&FS Energy Development Company Limited’s (IEDCL) 41 megawatt (MW) solar photovoltaic (PV), wind, and battery storage hybrid project in India. Core components of the project are 25 MW solar PV and 16 MW wind power generation systems, coupled to an optimised energy storage system.

Technical services for the