Long gone are the days when the electric vehicle (EV) “revolution” in India was considered mere buzz; the moment has clearly arrived. Sales of electric vehicles in India doubled in 2021 compared to 2019. Automotive players have made tremendous investments in setting up dedicated EV capacities, particularly in the two-wheeler segment. Numerous private players have also invested — and are continuing to invest — in infrastructure to support EV charging and/or battery swapping. Further, favorable policies by the central and state governments are creating an environment that will help drive EV sales. Against this backdrop, we provide an update on EV manufacturing, charging infrastructure, battery swapping, government policies and subsidies, and acceptance by Indian consumers.
The natural gas engine oil (NGEO) market is projected to grow at almost a 4% CAGR out to 2026, driven by the global shift toward renewable energy that’s been accelerated by the Russian/Ukraine war. Continue reading
Kline is ready to take major steps toward reducing our carbon footprint – and eventually arriving at a net-zero destination. Continue reading
Legacy beauty brands such as Chanel, over the years, have been known to release home fragrance products during the holiday season. In 2022, these once limited-edition products for holiday gift-giving are now becoming a mainstay for beauty brands as consumers look to further elevate their home space with the same beloved scents from their perfumes, hair products, and body lotions.
With gas prices continuing to hit record highs — and with the average per-mile cost of electricity for an EV currently less than half the average per-mile cost of gas, according to AAA — it’s no surprise that sales of electric cars are increasing. In fact, California became the first state to hit one million plug-in vehicles earlier this year. But despite such gains, there’s still one obstacle that’s hindering further growth.
Beauty is back in business with 2021 results reversing the losses that several categories, such as fragrances and skin care, faced in the year prior. The U.S. beauty and personal care market surpassed $85 billion in retail sales in 2021, an increase of $7 billion from 2019 sales levels. This is the market’s strongest performance in the last 10 years, with no signs of slowing down given the 6% CAGR forecasted for the market through 2026.Continue reading
Kline team members from around the globe got green(er) to celebrate Earth Day.
In India, staff members became gardeners-for-a-day to assist iamgurgaon, a citizen’s initiative focused on restoring the green habitat in Gurugram that has been lost to urbanization. Since its inception, iamgurgaon has planted more than 175,000 trees – its goal is to propagate 1 million local native species. The Kline group then made a stop at the Aravali oxy-van, a 180-acre forest restoration project, to help clear the grounds of weeds, plastic, and litter in preparation for tree planting. Continue reading
The global professional skin care market has almost doubled in size in 10 years, from $4.5 billion in 2010 to $8.5 billion in 2021. And the future looks robust, as sales are estimated to rise at a CAGR of 10% through 2026, which shows the strong momentum and opportunities that exist in this market.
In-Cosmetics was one of the very first major tradeshows to be canceled due to the COVID-19 pandemic back in 2020. At that time, very few of us had realized how challenging the situation ahead would be.