JMK Research

From Petrol to Plug: Will Honda’s EV Strategy Change the Game?

June 11, 2025
JMK Research
Electric Vehicles

From Petrol to Plug: Will Honda’s EV Strategy Change the Game? Honda has officially stepped into the Indian electric two-wheeler space with the launch of the Activa e: in November 2024—a pivotal moment in its transition from traditional petrol-powered models to sustainable electric mobility. By electrifying its most popular model, the Activa, Honda has taken its trusted legacy forward to introduce innovation in a way that feels familiar to Indian consumers. While the first model was launched in late 2024,…

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Rajasthan Mandates Battery Energy Storage for Green Open Access Projects of Size >5MW

June 4, 2025
JMK Research
Energy Storage, Market trends

Rajasthan Mandates Battery Energy Storage for Green Open Access Projects of Size >5MW In May 2025, Rajasthan became the latest state to adopt Central Green Open Access (OA) Rules, 2022. Rajasthan’s GEOA rules are meticulous and have enhanced the upper limit of renewable energy (RE) plant size to twice the contract demand for all captive OA projects. Additionally, Rajasthan’s GEOA rules are the first to mandate the inclusion of battery energy storage systems (BESS) as a critical component of open…

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Rising Penetration of L5 Passenger E3Ws in India’s Urban Transport

June 2, 2025
JMK Research
Electric Vehicles

Rising Penetration of L5 Passenger E3Ws in India’s Urban Transport Electric three-wheelers (E3Ws) have become a vital part of India’s urban transportation landscape, especially for last-mile passenger connectivity in tier 2 and tier 3 cities, where they offer affordable, efficient, and eco-friendly mobility solutions. Among these, the L5 passenger category, which refers to more powerful and larger E3W-passenger, is emerging as a game-changer in making urban mobility cleaner, more affordable, and efficient. The growing focus on electrification is transforming this…

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CERC Greenlights Virtual PPAs in India

May 27, 2025
JMK Research
Policy and Regulations, Sector Outlook

CERC Greenlights Virtual PPAs in India To Enhance Indian Power Market Supply-Side Liquidity On May 22, 2025, the Central Electricity Regulatory Commission (CERC) took a major stride in the Indian power sector by issuing the “Draft Guidelines for Virtual Power Purchase Agreement (VPPA) agreements.” These guidelines provide crucial regulatory approval, clarity, and acceptance for an innovative financial structure in the renewable energy sector, which is gaining substantial traction in global power market. A VPPA is a bilateral agreement between a…

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