Electric Vehicles
An electric vehicle (EV) is a vehicle that uses one or more
electric motors for propulsion. An EV is a shortened acronym for an electric vehicle. EVs are vehicles that are either partially or fully powered on electric power.
Electric vehicles have low running costs as they have less moving parts for maintaining and also very environmentally friendly as they use little or no fossil fuels (petrol or diesel). While some EVs used lead acid or nickel metal hydride batteries, the standard for modern battery electric vehicles is now considered to be lithium ion batteries as they have a greater longevity and are excellent at retaining energy, with a self discharge rate of just 5% per month. There are two main types of electric vehicles (EV); fully electric and plug-in hybrids.
AUTOMOBILES INDUSTRY
CMT GROUP is the world’s Growing sourcing partner for the automotive industry we are using India’s quality capable and low-cost production automobile components manufacturing facilities with highly qualified labor force as a selling point. The company’s primary business is to be the nodal agency for procurement and audit consultancy for the world, who want to source automotive parts from a wide range of Indian manufacturers CMT GROUP is a one-stop solution for your needs. The company believes the benefit of sourcing auto pts in India could saving result in an attractive %. The world’s automotive market believes in sourcing with low-cost and value-added services like supplier audits, and inspection of samples. and PPAP, providing warehousing and Deliveries. India has a competitive advantage in auto components categories such as shafts, engine components and fasteners due to large number of competitive players.
COMMERCIAL VEHICLE
India’s commercial vehicle (CV) industry is expected to see a growth rate of 7-10% in the upcoming fiscal year, according to a report from rating agency ICRA. This growth is expected to be led by various factors such as government infrastructure spending, replacement demand, resumption of schools and offices, and e-commerce expansion.
According to the report, this growth is anticipated to moderate from FY23’s 24-26% growth rate. In the third quarter of the current fiscal year, wholesale dispatches are expected to report a 16% YoY growth rate, driven by replacement demand, macroeconomic environment improvement, and underlying industry growth in sectors such as steel, cement, mining, automobiles, and e-commerce.
Just a few years back, commercial vehicles (CVs) were seen as a safe bastion for diesel engines. Efficiency, durability and energy density requirements of the industry seemed to ensure that goods and people transported via trucks and buses would remain ICE-dominated for a long time.
EARTH MOVERS
Earth Movers Industry In a nutshell, increasing demand for construction and infrastructure activities is anticipated to augment earth moving equipment market growth over the next few years. Increasing spending on infrastructure development including roads, metro rails, flyovers and commercial complexes will further help to surge the market growth over the next few years.
The Earthmoving equipment market in India has been witnessing strong growth over the last few years on account of increasing demand for export across the world. IPAC will help you in the procurement of the price-competitive earth mover components.
