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What is ALMM

The Approved List of Models and Manufacturers (ALMM) by the Ministry of New and Renewable Energy (MNRE) includes approved solar PV models and manufacturers for use in Indian solar projects. This list is mandatory for government projects, government-assisted projects, open access, net-metering projects, and schemes like SECI and KUSUM.

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Who the major players in Indian EV financing are

Auto loans are crucial in India's retail lending sector. As the economy recovers post-COVID-19, demand for personal vehicles, especially two-wheelers, is increasing. Approximately 77% of all vehicles in India are financed through banks and NBFCs, with significant borrowing in commercial vehicles, three-wheelers, and two-wheelers.

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Roadblocks and solutions to Financing EVs in India

India's automobile sector relies heavily on third-party financing, with personal loans growing by 16% in May 2022. As policies push for decarbonization, electric vehicles (EVs) are expected to become mainstream. Key challenges for EV loans include high-interest rates, shorter tenures, and low LTV ratios, requiring solutions for accessible and affordable financing.

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Moonstone Jewelry is an enticing crystal that contains mystical properties and has long-lasting beauty. Its adularescence effect captivated the hearts of numerous jewelry enthusiasts & gem collectors all around the globe. It is believed to be associated with the energy of the moon and is mainly considered a sign of femininity and intuition.
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