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South Korean battery giants face Chinese competition, eye innovation to stay ahead

South Korean battery manufacturers are now entering the LFP battery market, which has been dominated by Chinese companies.Read more

EV Battery prices drop 10% in August amidst dampened demand

As reported by market research firm TrendForce, the average price drop for cells used in EV batteries reached 10%, underscoring a lackluster growth trend in the EV battery market.Read more

Indian govt removes mandatory human safety tests for EV Batteries

According to the latest guidelines issued by the Ministry of Heavy Industries, adherence to the prevailing EV battery testing standards established by MoRTH is now the sole requirement for availing incentives.Read more

ACC batteries’ demand to grow at a CAGR of 50%, says CII report

Raw Materials for Battery & Component Manufacturing, a report by CII in collaboration with 6Wresearch reveals that India is experiencing a robust demand of ACC batteries. By 2030, the anticipated demand for advanced chemistry cells to reach 220GWh.Read more

“Price is a bottleneck for the growth and usage of lithium-ion batteries in India”

Best Power Equipments (India) Private Limited popularly known as one of the largest supplier of high-quality UPS to various OEMs widely distributed through corporate partners and system integrators. Sushil Virmani, Managing Director, BPE in this interview with Ayushi Khandelwal tells that lithium ion market is a growing trend in batteries today. India should look to quickly catch-up with the international market in production and distribution terms. Read more

Amara Raja Batteries reports 14% increase in revenues over previous quarter in Q1 FY 24

Amara Raja Batteries Limited, India’s leading Industrial and Automotive Battery major, reported profit before tax of Rs 258.36 crores for Q1 of FY 24 registering a growth rate of 46 per cent over Q1 of FY23.Read more

Servotech Power Systems announces subsidiary to manufacture key EV components

The establishment of a wholly owned new subsidiary Techbec Green Energy aim to indigenously manufacture key components for Electric Vehicle (EV) chargers.Read more

Amara Raja companies’ win big at ‘Great Place to Work’ Awards

The ‘Great Place To Work’ (GPTW) institute is globally recognized as an authority on workplace culture.Read more

CUMI is developing graphene-based composites for lighter, stronger aerostructures

Murugappa Group’s Carborundum Universal Limited (CUMI) is extensively working in the field of graphene manufacturing. Graphene is 10,000 times thinner than human hair and 1,000 times lighter than paper, says N Ananthaseshan, Managing Director, CUMI in this interview while talking more about various usage of the material in different industries like defence and aerospace.Read more

Vitesco Technologies’ plants offers intelligent and sustainable production

German automotive supplier, Vitesco Technologies is headquartered in Regensburg. Recently to increase its local production and serve Indian customer with better product portfolio, company inaugurated a plant in Talegaon, Pune. Anurag Garg, Managing Director and Country Head India, Vitesco Technologies in this interview shares more about the state-of-the-art facility and the upcoming developments of Vitesco Technologies in India.Read more

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