The EV Story in Post-COVID Era

News: Indian Subcontinent

2020-06-12

The EV Story in Post-COVID Era

Roughly three months of countrywide lockdown, combined with zero sales and the post-pandemic uncertainty, has resulted in further degrading the health of the already struggling Indian automotive sector. 

Aditya Kondejkar

Though it has disrupted the entire value chain of the automobile industry, there is a silver lining to this Covid-19 pandemic: It has stimulated growth in renewable and eco-friendly transportation.

The Indian market has high potential for EVs since most commuters opt for two-wheelers, three-wheelers, and buses. There are numerous latent growth factors in place, and the pandemic might have set them in motion

While the pandemic has disrupted the transportation ecosystem, EV technology has the potential for rapid adoption, driven by an increased awareness towards a greener and cleaner transportation. 

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2020-06-02

MotorIndia Sponsors Panel Discussion

MotorIndia is sponsoring a panel discussion of leading industry experts across the commercial vehicle value chain to share their insights on the short- to mid-term challenges in the truck industry.

Jinal Shah

The event will be held Wednesday, June 3, at 5:00 pm IST.

Register here.

The panel will be moderated by Jinal Shah, Regional Director, South Asia Operations, for Power Systems Research (PSR), a leading provider of global production data for engines and equipment.

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2020-05-23

COVID-19 and Lockdown Have Major Impact on Engine-Driven Applications

Even before the COVID-19 crisis, the Indian automotive sector was facing a severe downturn, but the problems were amplified by the Covid-19 pandemic and the lockdowns across India and the rest of the world. The situation was compounded because India was transitioning from BS-IV to the BS-VI era.

Aditya Kondejkar

These are challenging times for the Indian automotive sector because of slow economic growth, negative consumer sentiment, axle load norms, a liquidity crunch, low capacity utilization and potential bankruptcies. The current lockdown has  severely affected the entire ecosystem of engine driven applications in India.

For the first time, automobile OEMs reported zero domestic sales and very limited exports in April.  According to the Society of Indian Automobile Manufacturers (SIAM), the industry is losing more than $300 million per day.

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2020-04-25

Impact of COVID-19 in India on Engine-driven Applications

As of today, India is relatively less impacted by COVID than other nations. Because of the very bold and unprecedented move of a complete lockdown for about 40 days, India has managed to restrict the number of positive cases to 17,000.

Ritvik Kulkarni
Ritvik Kulkarni

Considering that India is a country with a population of over 1 billion persons living in challenging on-ground conditions, it is a phenomenal effort of proactive and timely response from the government as well as restraint observed by citizens.

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2020-04-08

Coronavirus Has Major Impact on Global Production of Off-Highway Equipment and Medium & Heavy-Duty Vehicles

Download Your PDF Copy of the Presentation

ST. PAUL, MN–A team of international analysts from Power Systems Research (PSR) analyzed the impact of COVID-19 on the global production of Off-Highway Equipment and MH-Duty Vehicles in several regions today.

The team examined the impact of the coronavirus in North America, Europe, Asia, India, and South America for the remainder of 2020 and into Q1 2021.  Download your copy of the presentation here.

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2020-03-30

Dealing With Coronavirus

At Power Systems Research our business is based on being informed: Globally, and in several important industry segments.

Even as the coronavirus affects markets and industries and companies worldwide, we’re continuing to work effectively for our clients. We’re adjusting our operations hourly to meet the changing needs caused by coronavirus. Our IT staff has adapted PSR systems so our analysts around the world can work at home and communicate easily and effectively with each other and with the home office.

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2020-03-23

INDIA REPORT, March 2020

Coronavirus Reduces India Auto Components

This article first appeared in the March 2020 issue of PowerTALK™ News

China is one of the leading suppliers of auto components to India, and this supply chain was significantly interrupted in Q1 2020 by the caronavirus. In 2018-19, components worth an estimated US$4.5 billion (out of a total of approximately $17 billion) were exported from China to India. Most of this trade is in electronic components, EGR modules, fuel injection pumps, turbochargers, meter sets, LEDs, magnets, airbag components, and steering system components.

Since the discovery of the Coronavirus in December 2019, this supply chain has been affected. The covid-19 pandemic has started taking a toll on components supply and automotive production in India. The situation is further amplified, as China has terminated all sea routes to other parts of the world.

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2020-02-25

New India Budget Disappoints Auto Industry

This article initially appeared in the February 2020 issue of PowerTALK News.

Source: Business Today   Read The Article

Ritvik Kulkarni
Ritvik Kulkarni

PSR Analysis: The Indian Automotive Industry was largely left disappointed with the budget after no direct steps were taken to arrest the decline in automotive sales. Although keeping long term benefits in mind, the budget did introduce measures to boost the rural economy, which in turn will directly benefit the commercial vehicle industry which is an important driver for the economy.

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2019-10-01

Trouble in India’s Motown

This report first appeared in the September 2019 issue of PowerTALK.

The bad times in the India automobile market started with the slowdown in Q4 2018, triggered by the NBFC (Non-Banking Financial Companies) crisis. Since then it has been 10 consecutive months of hard times for almost all automobile segments. All the segments in the country, be it passenger cars or commercial vehicles, have registered a decline.

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