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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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CarDekho Group eyeing 40% consolidated growth in FY25: Founder Amit Jain – ET Auto

Baua Electric

The South East Asian market (Indonesia, the Philippines, and Malaysia) is yielding strong numbers, he said, adding that the company is evaluating the Middle East market (UAE and others) as the next phase of overseas expansion for the coming financial year. “This year we expect to clock about 50%growth as a group on a consolidated basis.

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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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Using modular platforms and micro-factories to lower the cost of commercial EVs – Charged EVs

Baua Electric

The company is laser-focused on keeping costs down, and a key part of that strategy involves setting up micro-factories to serve specific customers, and building local supply chains. We believed in the technology, and we’ve focused on building that tech, and that’s what the last seven years were all about. That takes time and focus.

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How HummingbirdEV uses modular platforms and micro-factories to lower the cost of commercial EVs – Charged EVs

Baua Electric

The company is laser-focused on keeping costs down, and a key part of that strategy involves setting up micro-factories to serve specific customers, and building local supply chains. We believed in the technology, and we’ve focused on building that tech, and that’s what the last seven years were all about. That takes time and focus.

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The right way to get oil-rich West Asia to pressure electrical vehicles? Chinese language EV makers contemplate

Baua Electric

Also Read : Hyundai to build factory for EVs in oil-rich Saudi Arabia The UAE is investing as much as 200 billion dirhams ($55 billion) by 2030 to transform its energy strategy, and has pledged that EVs and hybrid cars will make up more than 50% of the national fleet by 2050, from 4% currently.