The global electric vehicle sales jumped by more than 100% in 2021, translating to nearly 6.5 million units sold worldwide. Tesla emerged as the market leader with a 14% market share, followed by Volkswagen with a 12% share and SGMW with an 11% global share. The demand for EVs was strong in China followed by […]

Acquisition of SolarCity by Tesla SolarCity Corp (NASDAQ:SCTY)  is a dying company as its business model of financing rooftop solar energy in USA is slowing down, with houseowners preferring to own their systems rather than leasing it or buying electricity at very high costs from 3rd party sellers. This has put the whole existence of […]

Will the Buffalo Plant make sense now I was perplexed when 3 years ago SolarCity Corp. (NASDAQ: SCTY) announced that it was buying a marginal producer of solar cells and panels in USA and planned to set up a giant 1 gigawatt manufacturing plant. SolarCity at that time was flying high as it was growing […]

Solarcity collaboration with Tesla Motors Solarcity (SCTY) which has seen its stock price rocket up in recent times is exploring the option to sell energy storage solutions along with its solar panels. The biggest problem with rooftop solar systems is that they have to depend on the electricity grid for storing excess power generated during […]

Electric and Hybrid Cars though claimed to be a green alternative to our normal gasoline powered cars are not truly green. The reason is that the electric power used to run these vehicles come from burning of mostly fossil fuels like coal, oil and gas. This means that the fuel that is powering these cars […]

Auto Industry in India is facing the twin problems of Fuel Price Hikes and High Interest Rates which have sharply reduced the growth of the industry.The Indian car companies were riding high in 2010 as the economy grew and many people in India graduated to the middle class.Some companies were showing triple digit growth rate as India become the hottest market in the world.All global car companies were in a rush to expand their India sales and distribution network at any cost.However 2011 has brought them down to earth with almost 50% increase in petrol prices keeping buyers away.On top of that car financing companies have also increased their interest rates for auto loans by around 2-3% which makes the servicing of the EMIs of car loan very difficult.This has made most buyers sit tight and wait for a better environment.The car companies which hiked price to pass on the increasing costs of steel and other commodities are in a pickle.They are being forced to sit on high inventories and can’t afford to give big discounts as well.

The sautomobile industry in India happens to be the ninth largest in the world. It is the fourth largest exporter of automobiles following Japan, South Korea and Thailand. It is the world’s second largest manufacturer of motorcycles, with annual sales exceeding 8.5 million in 2009. Several Indian automobile manufacturers have spread their operations globally. India manufactures over 17.5 million vehicles (including 2 wheeler and 4 wheeler) and exports about 2.33 million every year. India’s passenger car and commercial vehicle manufacturing industry is the seventh largest in the world, with an annual production of more than 3.7 million units in 2010. In the commercial vehicle segment, Tata Motors is leader with a market share of about 64%, whereas Maruti Suzuki is leads the passenger vehicle segment with a market share of 46%. Hyundai Motor India and Mahindra and Mahindra are more interested in expanding their hold in the overseas market. (Source – Wikipedia).