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This positive trend is expected to grow at a compounded annual growth rate (CAGR) of 13.96% from 2024 to 2029. billion by 2029. In light of these favorable market conditions, ITC Ltd. They will receive a direct stake in the new entity, along with an independent market-driven valuation. billion in 2024 to USD 475.37
Additionally, India is projected to become the world’s fifth-largest automotive market by 2025, with estimates indicating sales of 4 million electric vehicles annually by then and 10 million by 2030. The Indian electric vehicle market is forecasted to reach USD 113.99
2029 Cr in FY22. This is due to the asset-light nature and high growth prospects of their business, which leads to higher valuations. Info Edge has also been an early-stage investor in startups such as Zomato, PB Fintech, Applect Learning Systems and many other startups. Info Edge earned a Revenue of Rs.
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