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Govt set to roll out auto incentives in next FY, posing challenges for electric vehicle leaders
Despite initial skepticism from automakers about meeting the incentive claim process within the current year, the scheme, first notified in 2021, is expected to bring certainty to its 67 autoparts-making applicants.Read more
Dholera Industrial smart city nears completion, set to drive global investments
Gujarat Chief Minister Bhupendra Patel visited the Dholera Special Investment Region (SIR) as part of the preparations for the forthcoming 10th Vibrant Gujarat Global Summit in 2024.Read more
Turkey tightens grip on Chinese EV imports with stringent regulations
The Turkish Trade Ministry recently issued a decree stating that companies importing electric vehicles (EVs) must have a minimum of 140 authorised service stations evenly distributed across the country.Read more
LOHUM partners UAE Ministry for First EV Battery Recycling Plant
The partnership comes in light of UAE’s COP28 agenda and aligning with the UAE’s Net Zero by 2050 Strategic Initiative, Circular Economy Policy and supporting emissions-free mobility with future-ready solutions.Read more
Aleees-Taiwan, IFFCO partner to boost non-Chinese Li battery production globally
The agreement aims to explore the transfer of technology from Aleees to IFFCO, enabling the production and establishment of lithium iron phosphate (LFP) battery cathode material plants in India and Jordan.Read more
Toyota accelerates electric ambitions in Europe with six new models by 2026
Toyota aims to sell more than 250,000 battery-powered vehicles annually in Europe by 2026, striving for significant growth in a market where it has faced increasing competition.Read more
Škoda Auto Volkswagen India unveils plans for EV, Market Penetration expansion
Company anticipates to elevate the capacity utilisation of its Aurangabad and Chakan plants to over 90%, a substantial increase from the current 70-75%.Read more
Govt mulls Rs 12,000 cr incentive for domestic mining equipment manufacturing
A high-level committee, led by the director (technical) of Coal India (CIL), has proposed a five-year incentive program to stimulate domestic manufacturing.Read more
Towards building a sustainable economy with the ‘Triple Supply Chain’
The increased consciousness of corporate management of the harm done due to unbridled, uncontrolled growth has now put the brakes on waste and inefficiency. Overall, the sustainability movement has led to significant new developments in the handling of supply chains, as well as processes, says R Jayaraman.Read 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