JMK Research

SECI concludes the Rs 4440 crore Electrolyser Manufacturing Component of its SIGHT program

SECI concludes the Rs 4440 crore Electrolyser Manufacturing Component of its SIGHT program Can meet 52% of India’s 5 MMTPA green H2 production target in 2030 The National Green Hydrogen Mission (NGHM) was launched by the Indian government in January 2023 to position India as a global hub green hydrogen production, utilisation and export. A vital aspect of this initiative is the SECI electrolyzer manufacturing program, which targets a green hydrogen production capacity of 5 million metric tonnes a year…

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India installed 15 GW solar and 3.3 GW wind capacity in FY2024

India installed 15 GW solar and 3.3 GW wind capacity in FY2024 In Financial Year 2024 (FY) i.e., from April 2023 till March 2024, approximately 15,033 MW solar capacity and 3,253 MW of wind capacity was added in India. Solar and wind installations increased by 17.6% and 42.9% respectively as compared to the same period the previous year. In terms of cumulative installations, according to the data released by the Ministry of New and Renewable Energy (MNRE) till March 2024,…

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EV Sales surge by 42% in FY2024 to clock 1.67 million units

EV Sales surge by 42% in FY2024 to clock 1.67 million units EV sales in India increased by 42% year on year (YoY) in FY2024, with 1.67 million units registered, underscoring the rapid growth of the country’s electric vehicle market. The e-car segment registered maximum YoY growth of 90%. Riding on the booming logistics and e-commerce sector, as well as favourable cost economics, the E3W cargo segment saw an 82% rise in sales. Further, even with the limited models in…

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Market share of top 2 OEMs in E2W segment grew by 12% in CY2023

Market share of top 2 OEMs in E2W segment grew by 12% in CY2023 India has shown ~5% E2W adoption in overall 2W segment in CY2023. The segment has shown a 35% year-on-year sales growth in the country.  The overall E2W market is fragmented with more than 150 players in the category. However, the top 2 E2W players captured more than 50% of the market share in CY2023. Fig 1: Market share analysis of E2W OEM’s in India Source: Vahan…

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JMK Research & Analytics Private Limited is a leading research and consulting firm specializing in cleantech sectors across India and the Asia-Pacific region, including Renewable Energy, E-mobility, Energy Storage, and Green Hydrogen.

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