T E Narasimhan's journal

PE/VC investments in July 2022 were the lowest in over a year, both in terms of value and volume, according to IVCA-EY monthly tracker. PE/VC investments flow in July 2022 were 69% lower than the value recorded in July 2021 ($9.7 billion) and 40% lower than investments in June 2022 ($4.9 billion). July 2022 recorded 74 deals, 45% lower than July 2021 (134 deals) and 37% lower than deals in June 2022 (118 deals).  The share of pure play PE/VC investments (excluding real estate and infrastructure sectors) too dropped to a low of 40% in July 2022, compared to 90% in July 2021 and 82% in June 2022. The sharp drop in PE/VC investments was precipitated by a decline in both start-up and growth investments, each recording a decline of over 75% in value and over 30% in volume, according to the tracker. July 2022 recorded just six large deals (deals of value greater than or equal to $100 million) aggregating $2.2 billion, compared to 20 large deals worth $8.3 billion in July 2021 and 12 deals wo

 Revenue of the electric vehicle (EV) components’ market in India is likely to grow at a compound annual growth rate of around 76% to Rs 72,500 crore in fiscal 2027 from Rs 4,300 crore last fiscalm according to Crisil.  Share of EVs in the overall automotive components market to 9-11% — up from a negligible 1% currently — even as the supply of parts for internal combustion engine (ICE)-driven vehicles also rises.  Pushan Sharma, Director, CRISIL Research, “Improving cost viability of EVs versus ICE vehicles, and rising consumer demand for environmentally cleaner mobility will drive the transition to EVs. Among the key auto segments, two-wheelers and passenger vehicles (PVs) are seen driving the transition, with their penetration rising to 19% (from ~2.5% currently) and 7% (from less than 1% currently), respectively, over the next five fiscals1. Commercial vehicles, the other large auto segment, will see far lower penetration at ~3% (0.3% currently) because of unfavourable economics.”