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A special purpose vehicle is a subsidiary company created by a parent company to undertake specific projects or transactions. SPVs can be used for a variety of reasons, including asset securitization, risk management, or to circumvent regulatory hurdles. The fundamental premise behind SPVs is that they allow the parent company to isolate financial risk, ensuring that any liabilities remain confined to the SPV and do not affect the parent company's balance sheet.


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As the market for 8% passenger vehicles gains traction, several trends are emerging. Firstly, the proliferation of electric vehicles (EVs) has accelerated, with many manufacturers set to phase out traditional internal combustion engines in favor of models that not only meet but surpass environmental benchmarks. Additionally, advancements in charging infrastructure and battery technology are making EVs more accessible and convenient for consumers.


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