Market trends

India Added 35.2 GW of Solar and 4.69 GW of Wind Capacity in the First Nine Months of 2026

India Added 35.2 GW of Solar and 4.69 GW of Wind Capacity in the First Nine Months of 2026 India achieved a record milestone in renewable energy installations, adding nearly 35.2 GW of new solar capacity and 4.69 GW of wind capacity during the first nine months of 2026 (January-September). Solar capacity increased by about 19.5%, while wind installations declined by around 5.5% compared to the same period last year. In terms of cumulative installations, according to the data released…

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Driving Into Double Digits: India’s EV Penetration Reaches 12% in H1 FY2027

Driving Into Double Digits: India’s EV Penetration Reaches 12% in H1 FY2027 Market overview India recorded 17.89 lakh EV sales in H1 FY2027 (April–September 2026), a 59.3% increase over H1 FY2026. In just six months, sales reached nearly 71% of FY2026’s annual total of 25.25 lakh units. Overall EV penetration rose to 12% from 8% in FY2026, marking a 4-percentage-point gain, the strongest increase across the periods covered since FY2022. Figure 1: EV Sales and Penetration in India, FY2022–H1 FY2027…

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The Road to Affordable Finance for Electric Freight

The Road to Affordable Finance for Electric Freight Financing Electric Freight Vehicles: Building Confidence in a New Asset Class How Electric Commercial Vehicles Are Financed Financing options vary by vehicle segment and operator profile. Smaller electric cargo vehicles have access to selected vehicle-loan and leasing products, while heavy-truck financing often depends on strong corporate balance sheets or long-term freight contracts. Mentioned below are some of the existing models related to the financing of these vehicles: Mechanism How it works Bank/NBFC…

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India Sets Emission Reduction Targets for Its Iron & Steel Entities

India Sets Emission Reduction Targets for Its Iron & Steel Entities The Central Government is adding the Iron & Steel sector to the Greenhouse Gases Emission Intensity Target Rules and setting time-bound emission reduction targets for 255 Iron & Steel manufacturing facilities across India. With this addition, the emission reduction rules now cover nine industrial sectors in India: Cement, Chlor-alkali, Iron & Steel, Aluminium, Textile, Petrochemicals, and others. Table: Salient features of Draft Greenhouse Gases Emission Intensity Target (Amendment) Rules,…

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