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Joy e-bike maker to develop hydrogen scooter, eyes global expansion | Autocar Professional

Baua Electric

Sanjay Sablok, President, Operations, at Wardwizard Innovations & Mobility Limited, while speaking with Autocar Professional on the sidelines of an industry event, revealed plans to develop a hydrogen-fuelled electric scooter within the next 2–3 years.

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India’s automotive aftermarket is likely to grow to USD 14 billion by 2028: ACMA-E&Y study  | Autocar Professional

Baua Electric

The markets include Indonesia, Latin America, Poland, Brazil, Columbia and Bangladesh, as well as matured markets, including African countries and UAE, with a substantial number of aging vehicles. ACMA officials noted that India has signed 13 free-trade agreements in the last five years, improving trade with other nations.

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8 development banks commit to provide more than $175B to scale up support for sustainable transport

Green Car Congress

The ADB made the announcement on behalf of the MDBs at the Rio + 20 event in Rio de Janeiro. The Asian Development Bank (ADB) and seven other multilateral development banks (MDBs) are committing to provide more than $175 billion of loans and grants for transport in developing countries over the next decade.

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Indian automotive aftermarket expected to reach USD 14 billion by 2028: E&Y report – ET Auto

Baua Electric

Five of these markets namely Indonesia, LATAM, Poland, Brazil, Columbia and Bangladesh have matured aftermarket with a substantial number of ageing vehicles while another five markets, i.e., North Africa, South Africa, East Africa, West Africa and UAE are fast developing and offer high growth opportunities.

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More than 50 percent of MoUs signed in Vibrant Gujarat are green | Autocar Professional

Baua Electric

The event is scheduled to be held from January 10 to 12, 2024 and the theme is Gateway to the Future. The event will have seminars and conferences on technology and innovation, drivers of inclusive growth, semiconductors, electronics, and EV start-ups. The Tenth Vibrant Gujarat Global Summit 2024 kicked off in Gandhinagar today.

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ADB draft report says 3B Asians could become affluent by 2050; significant challenges

Green Car Congress

If these events occur, Asia would account for only 32%, or $61 trillion, of global GDP in 2050. The alternative scenario assumes that Asia’s fast-growing economies—the PRC, India, Indonesia, and Viet Nam—will fall into the middle income trap of slowing growth rates and stagnating income levels over the next 5 to 10 years.

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