Business Standard

Thursday, December 19, 2024 | 12:42 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Budget Watch: Will oil companies have the cushion of a mega net zero fund?

Rs 15,000 crore fund has the potential to open up major capex for green projects

Representative Picture

Representative Picture

Ajai Sahni Delhi
Costs for Indian airlines are expected to rise 3.8% in fiscal 2025, a top aviation consultancy said last month.

IndiGo's total expenses in the first quarter rose about 24% to Rs 17,449 crore, with aircraft fuel expenses accounting for about 37% of the costs. Its aircraft rental costs more than tripled.

According to Redseer, E2W penetration in India is expected to expand from approximately 5.4 per cent of domestic two-wheeler registrations in FY24 to 41-56 per cent of domestic two-wheeler sales volume by FY28. The Indian E2W industry is expected to grow at a compound annual growth rate (CAGR) of 11 per cent to reach a size of $35 billion (Rs 2.8 trillion) to $45 billion (Rs 3.6 trillion) in FY28.

IndiGo's total expenses in the first quarter rose about 24% to Rs 17,449 crore, with aircraft fuel expenses accounting for about 37% of the costs. Its aircraft rental costs more than tripled.


 
 
According to Redseer, E2W penetration in India is expected to expand from approximately 5.4 per cent of domestic two-wheeler registrations in FY24 to 41-56 per cent of domestic two-wheeler sales volume by FY28. The Indian E2W industry is expected to grow at a compound annual growth rate (CAGR) of 11 per cent to reach a size of $35 billion (Rs 2.8 trillion) to $45 billion (Rs 3.6 trillion) in FY28.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 23 2024 | 8:16 AM IST

Explore News Home