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NexGen Energia to invest Rs 1,000 crore in Jammu and Kashmir EV plant

This move aligns with the company's goal of making eco-friendly transportation accessible to a broader consumer baseRead 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

Jindal Stainless teams up with JBM Auto for energy-efficient electric buses

JBM Auto is also working towards transitioning its export orders for electric buses, into energy-efficient stainless steel buses. The material will be supplied through Jindal Stainless’ domestic service arm specialising in customisation and value addition, Jindal Stainless Steelway Limited Read more

Government approves new EV policy to attract big investment in manufacturing

As per the policy, electric vehicle maker will have to make minimum investment of Rs 4150 crore to set up manufacturing facilities in India, and 50 per cent domestic value addition to be reached within 5 years at the maximumRead more

Biliti Electric plans Rs 400 crore investment in Hyderabad manufacturing plant

The company, which has been set up by the founders of Hyderabad-based Gayam Motor Works, is positioning itself as a significant player in the global EV marketRead more

Tata Motors to demerge into two separate listed companies

The two separate listed companies will be for Commercial Vehicles and Passenger Vehicles (including PV, EV and Jaguar Land Rover) businesses.Read 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

Ashok Leyland to set up manufacturing plant for electric buses in UP

Once operational, the plant will initially have the capacity to produce 2500 vehicles per year. Ashok Leyland plans to expand this capacity to 5000 vehicles annually over the next decade, anticipating the growing demand for electric and other types of vehicles in the coming years.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

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