JMK Research

Uttar Pradesh Green Hydrogen Policy 2024

March 8, 2024
JMK Research
Market trends

Uttar Pradesh Green Hydrogen Policy 2024 On 4th January 2023, The National Green Hydrogen Mission (NGHM) was launched with an initial outlay of Rs 19,744 crore from FY2023-24 to FY2029-30. This initiative supports the green hydrogen policy, aiming to make India a global hub for the production, usage, and export of green hydrogen and its derivatives. The mission targets developing a green hydrogen production capacity of at least 5 million metric tonnes per annum by 2030, alongside adding approximately 125…

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6.5% of total vehicles sold in India in 2023 were EVs

March 6, 2024
JMK Research
Electric Vehicles

6.5% of total vehicles sold in India in 2023 were EVs The electric vehicle market in India is witnessing rapid growth with a year-on-year (y-o-y) surge of ~50% in CY2023. EVs accounted for 6.5% of total vehicle sales during the last calendar year. This growth reflects the rising electric vehicle market share in India, with the E2W segment leading at 56% of total EV sales in CY2023. In terms of y-o-y sales growth, the electric car segment saw the highest…

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Pump Hydro Storage and FDRE tenders accounted for 91% of the entire ESS tender issuance in 2023

February 28, 2024
JMK Research
Market trends

Pump Hydro Storage and FDRE tenders accounted for 91% of the entire ESS tender issuance in 2023 Akin to the rise of renewables, large-scale tendering is playing a crucial role in the growth of the Energy Storage Systems (ESS) market in India. Over the past few years, grid-scale ESS tendering in India has had unprecedented growth. Remarkably, tender issuance for grid-scale ESS in India (including pump hydro storage) has shot up by >35 GW in 2023 alone. Over the years,…

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VIBRANT GUJARAT SUMMIT 2024 HIGHLIGHTS: Investments of More Than INR 9000 Crore Announced in Electric Vehicle Sector

January 15, 2024
JMK Research
Electric Vehicles

VIBRANT GUJARAT SUMMIT 2024 HIGHLIGHTS: Investments of More Than INR 9000 Crore Announced in Electric Vehicle Sector The Vibrant Gujarat Summit is organised by Government of Gujarat from 10th -12th January 2024 to understand and explore business opportunities in Gujarat. The summit’s primary objective is to promote Gujarat as an attractive investment destination and to facilitate partnerships and collaborations across different sectors including automotive sector. The 3-day summit saw MOUs, partnerships, and investment from different foreign and domestic companies in…

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