Children of all ages gathered at The Hub in downtown Goldsboro for what could only be described as the best possible way to usher in summer — getting a bike.
The Saudi Arabia tire market size reached 22.6 Million Units in 2023. Looking forward, IMARC Group expects the market to reach 25.5 Million Units by 2032, exhibiting a growth rate (CAGR) of 1.26% during 2024-2032.
Namdev Finvest, a non-banking financial company specializing in small business lending, reported significant growth in its assets under management (AUM), which nearly doubled to over Rs 1,200 crore during the fiscal year 2023-24. The Jaipur-based company witnessed a remarkable 92.62 percent increase in AUM, reaching Rs 410 crore in net worth. Operating across eight states in northwest India, Namdev Finvest expanded its presence and received funding totaling USD 41.5 million, including a recent USD 19 million investment from Maj Invest in its Pre-Series C round.
Electric Vehicles: The report detailed that electric two-wheelers (E2Ws) constituted over 55% of the annual EV sales, totaling 41,35,077 units by the end of FY2024. The passenger electric three-wheeler (E3W P) followed with approximately a 32% market share.
I think it will be good to have a bit of caution having seen such a massive gain and also we should be watching out for the companies which are delivering very solid numbers to have a slightly better understanding of what could growth look like over the next quarters. I think it is a good time to kind of have a detailed look at the numbers, growth and valuations.