Indian Government Unlocks Manufacturing Growth With PLI And EV Incentives
The Indian government is aggressively pushing its manufacturing sector with significant incentives, particularly focusing on electric vehicles (EVs). Since launching the Production-Linked Incentive (PLI) scheme in March 2020, the government has aimed to attract foreign investments and bolster domestic production…
Greenway Mobility Introduces New Electric Three-wheeler Brand E-Vi
Greenway Mobility introduces new electric three-wheeler brand E-Vi, with two advanced electric vehicles – Chhota Otto and Chhota Bull that are expected to launch in the fourth quarter of FY24. The brand also aims to launch Rydan, a high-speed passenger…
Musashi Auto Parts Expands into EV Component Manufacturing
The rapid expansion of India’s electric vehicle (EV) market, particularly in the two- and three-wheeler segments, has prompted Japanese Tier-1 supplier Musashi Auto Parts India (MAP-ID) to diversify into EV components. A leading supplier of transmission gears and differential assemblies…
EV maker Greaves Electric Mobility Files IPO Papers with Sebi; aims to Raise Rs 1,000 cr
Electric Vehicle maker Greaves Electric Mobility Ltd has filed draft papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a combination of a fresh issue of equity shares worth Rs 1,000…
Tata DDL Partners with Baaz Bikes to set up EV Battery Swapping Stations
New Delhi, Dec 20 (PTI) Tata Power Delhi Distribution on Friday said it has joined hands with Baaz Bikes for augmenting and setting up of electric vehicle battery swapping stations across North and Northwest Delhi. Tata Power Delhi Distribution Ltd…
Hyundai to Source Locally Manufactured EV Battery Cells through Exide Partnership
Hyundai Motor India Ltd. has signed an agreement with Exide Energy Solutions Ltd., a subsidiary of Exide Industries, to procure locally manufactured lithium-iron-phosphate (LFP) battery cells for its electric vehicles. This marks a significant shift towards domestic sourcing of critical…
JBM Auto Edges Higher After Receiving Contract for 343 E-buses Worth Rs 1,800 crore
JBM Auto advanced 2.94% to Rs 1687.55 after the company said that its subsidiary JBM Ecolife Mobility has been awarded a contract for 343 electric buses from Ahmedabad Janmarg and other leading corporates. In an exchange filing made yesterday, the…
New Bajaj Chetak launched in India at Rs 1.20 lakh
Bajaj Auto has launched the Chetak 35 series in India. It sits on a new platform and is the most loaded Chetak model so far. It has been launched in three variants- 3501, 3502 and 3503. So far, Bajaj has…
Neuron Energy Ties up with OEM for e-2W Battery Production
The EV battery manufacturer, Neuron Energy, has announced to have joined hands with two-wheeler Original Equipment Manufacturer (OEM) to transform the electric two-wheeler segment in India, marking it to be their first of a kind partnership. The partnership details…
Recycled EV Battery Metals Could cut Imports up to 25% by 2030
Materials from end-of-life batteries and gigafactory scrap have the potential to build up to 2.4 million EVs locally in 2030, research by Transport & Environment (T&E) has found. But the EU and the UK will not be able to harness…
