Day: April 6, 2023

Below are the industry comments on Repo Rate announcement today

April 6, 2023
Business

Shiv Parekh, Founder, hBits It was important that RBI evaluated the cumulative effects of the past hikes. Keeping the repo rate unchanged at 6.50% will add a wave of relief across industries especially the real estate sector; the sector has been in distress due to successive hikes for the last six months. Most industries were…

Battery swapping may stifle the innovation capacity of the EV segment

April 6, 2023
Business

The electric vehicle (EV) market in India has witnessed significant growth. Valued at USD 1.45 billion in 2021, the market size is anticipated to touch USD 113.99 billion by 2029 from USD 3.21 billion in 2022, at a CAGR of a whopping 66.52%. The numbers are as per a report by Fortune Business Insights, titled…