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Lithium-ion battery storage: India’s import dependency to fall to 20% by FY27

The GoI has taken initiatives on several demand-side measures, such as Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, Viability Gap Funding (VGF) scheme for Battery Energy Storage System (BESS), helping to bring down cost of EV and BESS, thereby stimulating demand. Read more

GreenLine partners with Sterlite Copper to increase deployment of LNG vehicles

The partnership was initiated with the flag-off of LNG trucks at Vedanta's Sterlite Copper Plant in Silvassa.Read more

High freight costs and container dependence knock India's exports; GTRI

Freight rates for Indian exporters to Europe and the US have more than doubled over the past year, partly due to disruptions in the Red Sea.Read more

DEP and Hexagon to expand distribution of CAE platform, DEP MeshWorks in India

MeshWorks is distinguished by its advanced capabilities such as highly efficient CAE meshing & model assembly tools that cut down model build time drastically, morphing & parametric CAE technology for fast design iterations & optimisation, concept CAE modelling with zero CAD, process automation that provides 2X to 5X CAE workflow time reduction and much more. Read more

A motor that reduces dependence on Chinese raw materials

The ferrite magnets used in these motors are supplied by Mahindra group’s CIE Automotive.Read more

Amazon India partners with Gentari to deploy 10,000 EVs by 2025

By the end of 2023, Amazon India had already deployed over 7,200 EVs and is on track to meet its target of 10,000 EVs by 2025.Read more

India targets key sectors to reduce import dependence under IPEF

The sectors under scrutiny include chemicals, automobiles, pharmaceuticals, advanced technology, electronics, and critical minerals, all deemed vital for national security and economic resilience.Read more

India's composite PMI falls to 60.7; depicts healthy economy

While global manufacturing faces headwinds, India’s economic sectors, particularly manufacturing and services, continue to demonstrate significant growth and resilience.Read more

Deputy Air Chief inducts chaff manufacturing plant to cut import dependence

Established under the Make in India initiative, this facility will produce various chaff sizes for aircraft such as the Mirage 2000 and MiG 29.Read more

DPIIT raises $1.4 billion in tyre investments from global players

The DPIIT has also urged other ministries to take similar steps to promote domestic manufacturing in sectors under their purview, as has been done with toys and tyres.Read more

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