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Flender wins German Sustainability Award 2024
According to the jury, Flender is the quality leader for wind and industrial drives and thus makes an outstanding contribution to the energy transition. Flender has already reduced CO2 emissions by 79 percentRead more
Northvolt unveils sodium-ion battery, breaking China's EV battery stranglehold
Diverging from traditional batteries, Northvolt's pioneering sodium-ion battery eliminates the reliance on lithium, nickel, graphite, and cobalt.Read more
Servotech Power Systems bagged 2649 EV chargers order from BPCL
The manufacturing and production of these AC chargers has already begun and the supply of the chargers will begin from December 15th and will be completed within three months.Read more
India aims for $1 trillion exports by 2030, focus on electronics, RE, EVs
The surge is attributed to the export of Samsung and Apple phones, with smartphone exports reaching $10.9 billion in FY 23, marking an 88.9% increase from April to August.Read more
West Bengal opens doors to foreign investments in EV
The event, organised by the British Deputy High Commission in Kolkata in collaboration with the Bengal Chamber of Commerce and Industry, saw the participation of 11 UK-based companiesRead more
TN set to attract Rs 50,000 cr investments, generate 150,000 jobs in EV sector by 2025
Prominent EV companies contributing to the significant production in Tamil Nadu include Ola Electric, TVS Motor, Ather in Krishnagiri, Ampere Vehicles in Ranipet, BYD India in Kancheepuram, Stellantis in Tiruvallur, and E-Royce Motors in Coimbatore.Read more
Toyota expands manufacturing in Karnataka with Rs 3,300 cr investment
This new facility, boasting a capacity of 100,000 units, will be situated approximately 35km from Bengaluru and has the potential to generate employment opportunities for up to 2,000 individuals.Read more
Talbros Automotive secures Rs 580 cr new business, including major EV order
A notable portion of this new business, valued at Rs 270 crore or 46% of the total, is related to electric vehicles (EVs) and comes from a prominent export original equipment manufacturer (OEM).Read more
Indian govt considers exempting key EV components from localisation norms
However, this new consideration is met with opposition from local players such as Mahindra & Mahindra and Tata Motors, as well as foreign companies with decades-long operations in India.Read more
Amitabh Kant urges to scrap import duties for exported goods
Kant suggested that while import duties on products intended for domestic consumption, such as furniture and food items, could be increased, maintaining competitive pricing for exports is crucial.Read more