In today’s briefing:
- India EV Sector: Electric Cars in Demand, but Limited Options. Tata’s Nexon EV Leads
- Weekly Wrap – 15 Jul 2022
- Alkem Laboratories Ltd (ALKEM IN): Strong India Business to Drive Future Performance
India EV Sector: Electric Cars in Demand, but Limited Options. Tata’s Nexon EV Leads
- Tatas are scripting India’s early journey in electric cars – Tata Motors Ltd (TTMT IN) accounted for 87% of the 8077 electric cars sold in Q1FY23 (1605 units in Q1FY22).
- The rapid roll-out of charging infrastructure across the country by Tata Power (TPWR IN) and the success of Tata’s electric car (compact SUV). Tata Nexon EV, are key factors.
- Demand and infrastructure for electric cars seem to be in place but market growth is restricted by a lack of choice/adequate supply in the popular price range (<USD 20K).
Weekly Wrap – 15 Jul 2022
Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.
In this Insight:
- Yankuang Energy Group
- Powerlong Real Estate Holdings
- Sawit Sumbermas Sarana
- Vedanta Resources
- Tata Motors Ltd
and more…
Alkem Laboratories Ltd (ALKEM IN): Strong India Business to Drive Future Performance
- Alkem Laboratories Ltd (ALKEM IN) earns 71% of total revenue from domestic business, which is the most important growth lever of the company. Domestic business revenue grew 29% in FY22.
- The company dominates the anti-infective segment, through its mega brands, with a market share of 12.9%. In the chronic segment, Alkem is growing fast to emerge as a significant player.
- Regular new product launches, including biosimilars, should continue to contribute to Alkem’s growth and fill portfolio gaps. Entry into new therapies would also be an important growth engine, going forward.
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