Interesting Data which is counter intuitive …
Suzuki, Toyota are happy. M&M and Tata Motors may not be very happy!
Lithium prices have pounded in last one year but the longer term price will hold ground. Infact the current pricing is positive for the ev growth and faster adoption. This growth will be exponential growth as long as battery costs stay below $100kwh.
LITHIUM PRICES:
Team @benchmarkmin now includes lithium carbonate (purple) and lithium hydroxide (red) in addition to classic weighted average for both (yellow).
Disc: Invested in lithium miners in Australia and DRC
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“Cab operators are concerned about the on-road running capacity of the vehicles, according to the second person. The concern is more about the vehicle being able to run more than 150km in extreme traffic conditions, when a lot of clutch and brake use comes into play.”
Clutch in EVs? There is no such thing in EVs. Even brake usage will be very less with regenerative braking.
This is the level of knowledge writers have about EVs. Its understandable that cab drivers and operators may not know about EVs as we have very few EVs in India but these writers are just dumb.
EVs mileage is much better than petrol/diesel vehicles in high traffic conditions as they are very efficient in such situations. Only reason for low range is companies like Tata, Mahindra are using very small capacity batteries despite battery prices are down by more than 85% in the last decade.
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Does anybody from mumbai have more information regarding Glyd? viz-a-viz the service quality, pricing vs Uber/Ola etc.?
The lithium battery in Maruti mild hybrids cost 50k a piece. With domestic manufacturing it could come to 35k at most. It’s one tiny battery. An EV needs several times bigger battery. I don’t know if it makes sense to launch an EV in 2020. Price still seem very high but Maruti seems determined to launch an EV by 2021. Since they target a small car, I would expect a price below 7 lakhs as rumours are spreading. If they can make it and still make profit, then it would be wonderful. However Denso may want to take the big pie of profit. What could be left to Maruti? It’s time for investors of Maruti and other OEM to see if it is safe to invest. Having said that, all these are still rumours and Maruti may not launch it soon.
China gone global…setting up battery factories in Europe and acquiring mines in Africa including DRC. We are still no where with sourcing key battery minerals and battery factories…
Focus is three wheeler and fleet operators
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Tata motors.
The group has steel, finance, patents, technology and a global reach to make electric cars available at an efficient pricing to the whole country.
But maruti is a better brand and has better distribution channels.
Right now Tata motors is available at a great discount, and even if it continues to be a distant second to Maruti, at CMP it will give a good yield in the long run.
If your bet is on India PV market, you may have to only pay for it and must exlclude other subsidiaries from the valuation. If you expect to see Tata Motors holding JLR, you are forced to value it and that means India operations become less visible.
How can we invest in such miners not listed in India
Invest in Indian companies…they are at cheap valuations.
I live in Sydney and so I invest locally in Aus and global mining companies registered in aus as well as India.
Check online for asian centric brokers who let you invest in asx. Check ICICI brokerage.