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Hyundai Motor and Kia partner with Exide Energy for EV battery localization
Partnership with Exide Energy enables Hyundai Motor and Kia to equip future electric vehicles in the Indian market with locally produced lithium iron phosphate (LFP) batteriesRead more
Electric vehicle sales in India zoom
Backed by supportive government policy and low running costs, sales of electric vehicle (EV) grew across all segments in India in 2023, says Bloomberg New Economy Forum report.Read more
Will new EV policy pave way for Tesla in India?
While the new Electric Vehicle (EV) policy aims to promote EV manufacturing in India, there could be some risk to a few of the upcoming high-end SUV models and imported luxury vehicles, says Rakesh Rao.Read more
Government considers legal action against three firms for FAME subsidy recovery
The move comes after the ministry of heavy industries failed to recover the disputed amount from these companies even after multiple attemptsRead more
EVs present new challenges and opportunities for tool makers: Pankaj Abhyankar
In this interview with Rakesh Rao, Pankaj Abhyankar, Sr VP & Business Head, Godrej Tooling, explains the evolution of the tooling industry in India.Read more
The green path to $ 10 trillion economy
In 2023, green manufacturing startups were able to attract more than $10 billion investment globally (with sectors like batteries, transportation, building and materials, and metal emerging as the most popular choices for investors), according to a Crunchbase report.Read more
Budgeting for growth?
The interim budget 2024-25, announced by Union Finance Minister Nirmala Sitharaman on February 1, 2024, has allocated Rs 11.11 trillion as capital expenditure (capex) for the next financial year – which is 3.4 per cent of the GDP and 11.1 per cent more than the planned capex of Rs 10 trillion for FY24.Read more
Green engineering - the key to decarbonising India’s infrastructure push
The growth of construction equipment industry in India has been accompanied by environmental concerns arising from fuel consumption, emissions, and the ecological impact of construction activities, says Shalabh Chaturvedi while explaining the role of green engineering in the construction equipment industry. Read more
Interim budget 2024: Driving mobility on green path
With a goal to achieve India’s net zero emission target by 2070, the interim budget 2024-25 announces some measures to strengthen the electric vehicle (EV) ecosystem and charging infrastructure. Here is what the EV industry leaders have to say about the budget.Read more
Moulding the future of manufacturing
Despite the global turmoil, the Indian tooling industry performed exceptionally well in 2023. With emerging segments (like electric vehicles, railways, aerospace, etc) opening up new avenues of growth, Indian tool makers are expecting an even more successful 2024, says Rakesh Rao. Read more
