Investments in India’s electric two-wheeler industry dropped to $193.6 million in 2024 from $444.6 million in 2023, with funding rounds decreasing from 31 to 18. Despite this, Q3 2024 was the third-highest funded quarter since 2023.
Registrations also dipped in H2, but future growth is expected, with ICRA projecting EVs to account for 25% of two-wheeler sales by FY2030, driven by ₹25,000 crore in investments for charging infrastructure and component localisation.
Binny Bansal has stepped down from PhonePe’s Board of Directors, and Manish Sabharwal, Chairman of TeamLease Services, has been appointed as an Independent Director and Chair of the Audit Committee.
SEBI has proposed new rules for hiring key management personnel at Market Infrastructure Institutions (MIIs) to ensure independence from short-term commercial interests. It also suggests implementing a cooling-off period for MDs, directors, and other key personnel before joining rival MIIs, aligning policies to strengthen regulatory and compliance functions.
A proposed bill in the upcoming winter session of Parliament aims to allow up to four nominees for fixed deposit accounts, enabling easier and faster fund distribution for heirs. Nominees can either share funds simultaneously or in succession.
While the amendment seeks to ease challenges for families after a depositor’s death, experts caution that disputes and reconciliation issues may still arise. Aligning nominees with the depositor’s will is advised to avoid confusion.
