Some highlights from Kabra Extrusion Annual report / Investor presention.
■ EV sales trend in india from FY18-23 – growing at 65% CAGR – reached 1 Million this year.
■ EV Battery demand to increase by 53% CAGR in 2030 – from 6.1 GWh to 104 GWh
■ India will require 800 GWh of batteries ( by 2030 ) for attaining 30% EV adoption.
■ Goverment reduced custom duty for batteries to 13% from 21%,
■ Custom duty on imported EVs raised from 10% to 70%
■ Goverment alloted 882 billion INR to EV startups, OEMs, battery makers.
Kabra extrusion expanding R&D
● Targeting 100+ R&D team
● Market share of 18% in its segment at BATRIXX
● To penetrative E3, E4 vehicles by FY 24 End, and ESS in long term.
● 15 new OEM partners added in last FY.
● 21 new products launched.
● Data collected from battery packs improves right to win. Learnings shared with customers.
● Annual capacity of 2 GWh by FY 24 – by investing 100 Cr.
Disc: I am invested
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