Latest news with #CareEdge
Time of India
16-07-2025
- Automotive
- Time of India
EV car sales penetration in India may cross 7% by FY28: CareEdge Report
Electric car sales in India are projected to surpass 7 per cent of total passenger vehicle sales by FY28, according to CareEdge Advisory, as reported by PTI . The forecast is contingent on the timely resolution of global supply disruptions in rare earth elements (REEs) and the continued rollout of new models and charging infrastructure. The report highlights that India's electric car segment, though still small in comparison to two- and three-wheeler electric vehicles, has seen significant growth—from just over 5,000 units in FY21 to more than 1.07 lakh units in FY25. EV infrastructure, a game changer? CareEdge noted that public and private efforts to expand EV infrastructure and reduce battery dependence on imports will be crucial for maintaining momentum. 'India is well-positioned to accelerate EV adoption, supported by model launches, improved charging facilities, and battery localisation under the PLI scheme,' said Tanvi Shah, Senior Director & Head, CareEdge Advisory & Research. Public charging points have expanded fivefold in three years—from 5,151 in CY22 to over 26,000 by early FY25—helping address one of the key challenges to wider EV acceptance. Policy incentives such as the FAME III scheme and customs duty exemptions on key battery minerals are also expected to play a role in reducing production costs and supporting domestic supply chains. While challenges remain in terms of affordability and infrastructure uniformity, the report suggests that with the right policy and industry measures, electric four-wheelers are on a path to stronger adoption in India's evolving vehicle landscape.
India Gazette
11-07-2025
- Business
- India Gazette
India's quick commerce grew at a CAGR of 142% between FY22-25, Gross orders to touch Rs 2 lakh cr by 2028: CareEdge
New Delhi [India], July 11 (ANI): India's Quick Commerce (Q-commerce) market is estimated to have reached around Rs 64,000 crore in FY25, growing at a staggering Compound Annual Growth Rate (CAGR) of 142 per cent during FY22-FY25, said market analytics firm CareEdge in its latest report. According to the report, the Gross Order Value of the quick commerce market will nearly triple from an estimated Rs 64,000 crore in FY25 to around Rs 2 lakh crore by FY28, registering exponential growth. Quick commerce (or q-commerce) is a specialised form of e-commerce that focuses on delivering goods to customers within a very short timeframe, typically within 10-30 minutes. According to the report, the sector is expected to maintain strong double-digit growth in the coming years. The growth will be led by the rising adoption and expansion of services in the Tier II & III cities, enhanced delivery networks, and a shift in consumer preference towards instant fulfilment. Elaborating on the factors behind the growth, the report added that a wider geographic footprint, regional penetration, a shift in consumer behaviour towards convenience and speed of delivery, an increase in digitisation, and lower base are helping the industry to grow. 'Moreover, structural trends such as growing urbanisation, changing consumer lifestyles, and increasing disposable income favour quick app-based shopping experiences, further fueling industry growth,' the report added. Major FMCG brands are also embracing Q-commerce through platform-specific SKUs, premium offerings, and marketing partnerships, thereby expanding product variety and boosting average order values. Simultaneously, companies are investing heavily in dark stores, tech infrastructure, and delivery optimisation, laying the groundwork for efficient and scalable operations. 'Together, these factors are supporting the Q-commerce industry to become one of the key pillars in India's evolving retail landscape,' the report added. The observation reveals that the Q-commerce market revenue generated through fees has grown at a significantly faster pace than the GOV. The fee-based revenue of Q-Commerce companies, which stood at Rs 450 crore in FY22, has reached an estimated Rs 10,500 crore in FY25 and is further projected to reach Rs 34,500 crore by FY28, representing a significant CAGR of 26-27 per cent from FY25 to FY28, the report added. 'This sharp increase is due to increased platform fees by major players, resulting in higher revenue realisation and a substantial increase in overall GOV,' the report stated. Sharing more insights on the improvement of GOV, the report stated that a key driver behind this trend is the improved monetisation take rate of leading platforms. The fee rate across the Q-commerce sector has shown a sharp upward trend between FY22 and FY25, driven by improved monetisation strategies. For instance, leading players reportedly increased rates from around 7-9 per cent in FY22 to 14-18 per cent by FY25, effectively doubling in three years. These enhanced monetisation strategies, driven by convenience fees and delivery charges, have significantly contributed to the robust growth in fees revenue of these companies. 'As platforms optimise their fee structures and scale up their operations, fee-based revenue is expected to remain a major growth engine for the sector,' the report added. (ANI)
Time of India
11-07-2025
- Business
- Time of India
Quick commerce grew 142% during FY22-25, GOV to hit Rs 2 lakh crore by 2028: CareEdge
Academy Empower your mind, elevate your skills India's quick commerce market is estimated to have reached around Rs 64,000 crore in FY25, growing at a staggering compound annual growth rate (CAGR) of 142% during FY22-FY25, said market analytics firm CareEdge in its latest to the report, the gross order value of the quick commerce market will nearly triple from an estimated Rs 64,000 crore in FY25 to around Rs 2 lakh crore by FY28, registering exponential commerce is a specialised form of ecommerce that focuses on delivering goods to customers within a very short timeframe, typically within 10–30 to the report, the sector is expected to maintain strong double-digit growth in the coming years. The growth will be led by the rising adoption and expansion of services in the tier-II & tier-III cities, enhanced delivery networks, and a shift in consumer preference towards instant on the factors behind the growth, the report added that a wider geographic footprint, regional penetration, a shift in consumer behaviour towards convenience and speed of delivery, an increase in digitisation, and lower base are helping the industry to grow."Moreover, structural trends such as growing urbanisation, changing consumer lifestyles, and increasing disposable income favour quick app-based shopping experiences, further fueling industry growth," the report FMCG brands are also embracing Q-commerce through platform-specific SKUs, premium offerings, and marketing partnerships, thereby expanding product variety and boosting average order values. Simultaneously, companies are investing heavily in dark stores, tech infrastructure, and delivery optimisation, laying the groundwork for efficient and scalable operations."Together, these factors are supporting the Q-commerce industry to become one of the key pillars in India's evolving retail landscape," the report observation reveals that the Q-commerce market revenue generated through fees has grown at a significantly faster pace than the fee-based revenue of Q-Commerce companies, which stood at Rs 450 crore in FY22, has reached an estimated Rs 10,500 crore in FY25 and is further projected to reach Rs 34,500 crore by FY28, representing a significant CAGR of 26-27% from FY25 to FY28, the report added."This sharp increase is due to increased platform fees by major players, resulting in higher revenue realisation and a substantial increase in overall GOV," the report more insights on the improvement of GOV, the report stated that a key driver behind this trend is the improved monetisation take rate of leading fee rate across the Q-commerce sector has shown a sharp upward trend between FY22 and FY25, driven by improved monetisation instance, leading players reportedly increased rates from around 7-9% in FY22 to 14-18% by FY25, effectively doubling in three years. These enhanced monetisation strategies, driven by convenience fees and delivery charges, have significantly contributed to the robust growth in fees revenue of these companies."As platforms optimise their fee structures and scale up their operations, fee-based revenue is expected to remain a major growth engine for the sector," the report added.
Hans India
08-07-2025
- Business
- Hans India
With 8 pc of world's reserves, India poised to play key role in rare earth elements supply chain
New Delhi: India holds 8 per cent of the world's rare earth element reserves, which gives it the potential of playing a key role in the gradually evolving global supply landscape as China's current dominance is projected to decline, according to a CareEdge report released on Tuesday. While China currently plays a leading role in both mining and refining, its projected share is expected to decrease from 69 per cent to 51 per cent in mining and from 90 per cent to 76 per cent in refining by 2030, as per the International Energy Agency. This trend reflects a broader international effort to develop more balanced and resilient supply chains. Despite India's huge reserves, the country contributes less than 1 per cent of global Rare Earth Element (REE) mining, which prompted the Government to launch the National Critical Mineral Mission (NCMM) in 2025 to build India's self-reliance in the mineral sector. India has recognised 130 deposits as of the 2023 Indian Minerals Yearbook, of which the coastal states have the most rare earth deposits, namely Tamil Nadu, Kerala, Andhra Pradesh, and Odisha. The recent curbs by China on REE exports have made Indian Rare Earths Limited (IREL), a central government undertaking, consider reducing its exports to save rare earths in the home country and expand domestic processing, the CareEdge report pointed out. While India has the third-largest share of global reserves of REE, it still has a long way to go to emerge as a significant global producer of REE. The Indian government is developing domestic manufacturing capabilities and is considering offering companies a production-based fiscal incentive. The importance of REEs extends across a range of sectors, particularly in areas such as clean energy technologies, the automotive sector, and defence systems. For nations with high-tech defence and infrastructure programs, consistent access to REEs is essential to avoid potential disruptions that could lead to cost overruns or delayed deployment timelines, the report states. In the near term, however, global reliance on the existing dominant supply source is likely to persist. Despite increasing investments in exploration in mining and processing around the world, alternative supply chains have not yet reached the scale or consistency required to substantially displace current sourcing patterns, it further states, The pace at which these alternative supply networks develop will be essential. Increasing investment, simplifying permitting procedures, and encouraging international cooperation are key to lowering concentration risks. As these initiatives gain momentum, the global REE landscape is expected to become more diverse and resilient, enabling critical sectors to remain well-supported amid shifting geopolitical and economic conditions, the report further states. It also pointed out that since 2020, the US Department of Defence has invested more than $439 million to establish domestic rare earth element supply chains. However, refining remains a major hurdle, as much of the ore extracted in the US is currently shipped to China for refining. With China repeatedly capitalising on the supply of rare earth elements to gain leverage in its trade war with the US, the latter is forging partnerships with other countries to reduce its dependency on China. These REEs are a group of 17 strategically important minerals, they are divided into Light Rare Earth Elements (LREEs) like neodymium (Nd) and praseodymium (Pr), crucial for EV motors and wind turbines, and Heavy Rare Earth Elements (HREEs) such as dysprosium (Dy) and terbium (Tb) for military-grade magnets and high-performance electronics.
Times of Oman
03-07-2025
- Business
- Times of Oman
RBI rate cuts lead to cooling in both credit offtake and deposit growth: Report
New Delhi: With a 100 basis point repo rate cut by the Reserve Bank of India (RBI) since February, Credit offtake and deposit growth have cooled, noted a report by CareEdge. However, despite the rate cut and banks reducing deposit rates, deposit growth continues to outpace credit offtake in the current fortnight. "Credit offtake and deposit growth have cooled, with deposit growth continuing to outpace credit offtake in the current fortnight," noted the report. The report highlights that deposits fell by 0.44 per cent sequentially, reaching Rs 230.7 lakh crore as of June 13, 2025, lower than the 12.1 per cent growth (excluding merger impact) recorded last year. This decline was weighed down by banks' reliance on certificates of deposit to meet their funding needs, amid subdued deposit growth, as competition has intensified in the bulk deposit segment. Additionally, credit offtake reached Rs 183.1 lakh crore, marking an increase of 9.6 per cent y-o-y, significantly slower than last year's rate of 15.5 per cent. This slower growth rate in the credit offtake can be attributed to a high base effect and muted growth across segments, including retail. "The Short-Term Weighted Average Call Rate (WACR) decreased to 5.27% as of Jun 20, 2025, from 6.68% on Jun 21, 2024. This decline follows three successive repo rate cuts and liquidity infusion by the Reserve Bank of India (RBI)," CareEdge said. Furthermore, the Credit-Deposit (CD) ratio also experienced a slight rise, meanwhile, it was still below the 80 per cent mark for the six consecutive fortnights. The rise in CD ratio was driven by deposit outflow compared to a growth in credit offtake of Rs 0.59 lakh crore during the current fortnight. The report also mentions that, overall government investments which stand at Rs 66.9 lakh crore, reflect y-o-y growth of 7.4 per cent but, a sequential decline of 0.2 per cent. "The credit-to-total-assets ratio witnessed a marginal downtick and decreased to 69.4%, while the Government Investment-to-total-assets ratio also reduced to 25.3%, for the fortnight ending June 13, 2025," the report said.
