JUNE 20248TOP STORIESINDIAN ARMY UNVEILS STATE-OF-THE-ART MONITORING TECHNOLOGYEV SALES SKYROCKET BY 40 PERCENT IN 2024: JMK RESEARCHThe Indian Army has launched a tech-based innovation called 'Vidyut Rakshak', an integrated generator monitoring, protection, and control system developed by the Army Design Bureau (ADB). This system was officially launched by the Army's Vice Chief, Lt Gen Upendra Dwivedi. The launch highlights the Army's commitment to leveraging technology for transformative changes, especially during the 'Year of Tech Absorption', as noted by Army Chief Gen Manoj Pande.Vidyut Rakshak is an Internet of Things (IoT)-)-enabled system designed to monitor, protect, and control generators. The IoT network allows interrelated devices to connect and exchange data with other IoT devices and the cloud. This innovation is versatile and can be applied to all generators used by the Indian Army, regardless of their type, make rating, or age. The system not only monitors generator parameters but also predicts and prevents faults. Additionally, it automates manual operations through a user-friendly interface, thereby saving manpower.During the launch event, the first production units of Vidyut Rakshak were rolled out. Lt Gen Dwivedi demonstrated the system's capabilities by remotely switching on generators located in Srinagar, Jammu and Kashmir, and monitoring their parameters remotely. He praised the ADB's efforts in tech absorption.This development follows a Memorandum of Understanding (MoU) signed during Aero India 2023 between the Indian Army and the Foundation for Innovation and Technology Transfer (FITT) at IIT Delhi for the production of such innovations. The sale of electric vehicles (EVs) in India surged by 40.31 percent in FY2024, reaching a total of 1,752,406 units, according to a report by JMK Research & Analytics. The primary drivers of this growth were electric two-wheelers (E2Ws) and electric three-wheelers (E3Ws), which together accounted for 94 percent of all EV sales.Leading the charge was the electric two-wheeler segment, with sales of 1,009,356 units. This represents a 29 percent year-on-year growth, capturing 57.60 percent of the total EV sales in FY2024. The surge in E2W sales can be attributed to increased consumer awareness and the introduction of advanced models that are comparable to internal combustion engine (ICE) vehicles.The electric car (E-Car) category also saw significant growth, with sales reaching 99,085 units, marking an 82 percent year-on-year increase in FY2024. Despite this growth, the overall level of electrification penetration in the car sector has remained relatively unchanged.Electric buses (E-Buses) exhibited the highest year-on-year growth among all segments, with sales totaling 3,708 units, an 85 percent increase. However, the report noted that the overall level of electrification in the bus sector has stayed relatively consistent over the past few years.Karnataka emerged as a leader in multiple EV categories. The state-led in E2W penetration with 11.63 percent, the E-Car category with 4.24 percent, and the E-Bus category with 9.77 percent electrification among the top five states.This data reflects the growing adoption and acceptance of electric vehicles in India, driven by favorable economics, technological advancements, and increasing environmental awareness among consumers.
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