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Toshiba's $14 billion deal paves the way for privatisation
Toshiba announced the successful conclusion of a $14 billion tender offer from the private equity firm Japan Industrial Partners (JIP).Read more
JSW to establish battery manufacturing facility with LG Energy in India
Earlier this month, JSW held talks with high-ranking LGES executives in Korea, presenting the idea of a partnership focused on producing battery cells in India for both EVs and energy storage.Read more
Schneider Electric India to make Rs 3,200 cr investment for growth by 2026
CEO & MD, Deepak Sharma who also holds the position of President for the Greater India region disclosed these investment details during an interview.Read more
Volvo to phase out diesel models by early 2024 in pursuit of electrification by 2030
Although a significant proportion of Volvo's European sales comprised diesel vehicles as recently as 2019, this figure dropped to a mere 8.9% of the company's sales in 2022.Read more
VECV targets new export markets and EVs in India, celebrating 15 years
Volvo Eicher Commercial Vehicles (VECV) plans to broaden its footprint in the domains of light and medium-duty as well as heavy-duty trucks and buses.Read more
SMEV urges unified road tax exemption policy for EVs nationwide
In a letter addressed to the Union Minister of Road Transport and Highways, Nitin Gadkari, SMEV emphasised the critical need for a stable and supportive policy environment to expedite the transition towards electric mobility in India.Read more
India surpasses 1 mn EV sales in just 9 months, driven by growth factors
According to data from the Vahan Dashboard of the Ministry of Road Transport and Highways, a total of 1,037,011 EVs were registered with regional transport offices by September 19, constituting 6.4% of the nation's total automobile sales for the year.Read more
Govt plans PLI Scheme updates, boosting sectors like pharma, drones, textiles
Additionally, the official disclosed that the disbursement of PLI incentives for white goods, including air conditioners and LED lights, is set to commence this month.Read more
Ashok Leyland to set up electric bus plant in Uttar Pradesh
The MoU was officially signed by Manoj Kumar Singh on behalf of the government and Shenu Agarwal, the managing director and CEO of Ashok Leyland.Read more
India accelerates drive for homegrown solutions for marine gas turbines
This urgency stems from the disruption caused by the conflict in Ukraine, which has affected Zorya-Mashproekt, the primary supplier of MGTs to the Indian Navy.Read more