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ACC batteries’ demand to grow at a CAGR of 50%, says CII report
Raw Materials for Battery & Component Manufacturing, a report by CII in collaboration with 6Wresearch reveals that India is experiencing a robust demand of ACC batteries. By 2030, the anticipated demand for advanced chemistry cells to reach 220GWh.Read more
Alstom nurtures, grooms women from Coimbatore, to contribute to sustainable rail mobility at global level
Alstom has over 18 per cent women on the shopfloor at its world-class components manufacturing facility in Coimbatore working across various roles such as team leaders, CCN engineer, quality assurance etc.Read more
Bosch registers 12.8 % profit before tax in Q1 FY 2023-24
Total revenue from operations in Q1 of FY 2023–24 is up 17.3 per cent over the same quarter of previous year. Profit after tax stood at 9.8 percent of total revenue from operations. Read more
Tata Sons to invest £4 bn in 40 GW battery cell gigafactory in UK
The investment is an integral part of the Tata group’s commitment to electric mobility and renewable energy storage solutions and establishes a competitive green tech ecosystem in the UK at scale.Read more
Mahindra, NXP signs MoU to Drive Next-Generation Smart Electric Mobility
M&M and NXP will jointly explore the electric and connected vehicle landscape, covering a wide range of vehicles including utility vehicles, light commercial vehicles, farm equipment, and tractors.Read more
Bosch begins volume production of fuel-cell power module
Bosch to invest nearly 2.5 billion euros in H2 technology from 2021 to 2026 and targets sales of five billion euros with H2 technologies by 2030Read more
Spark Minda bags Battery Charger Order for Rs 750 Cr from a leading OEM
The awarded product will be manufactured at Spark Minda's state-of-the-art, Spark Minda Green Mobility Systems (a wholly owned subsidiary of Minda Corporation Limited) facility at Pune.Read more
Jk Tyre inaugurates Banmore Plant Capacity Expansion - 1st Phase
The company announces the completion of its first phase of capacity expansion of its radial tyre manufacturing facility with an investment of Rs 312 crore and the expansion will result in a 31 per cent increase in the plant's annual output capacity, from 39 lakh to 51 lakh units.Read more
SIAM hosts conference Towards Vision India@2047on World Environment Day 2023
Society of Indian Automobile Manufacturers (SIAM) hosted an international conference coinciding with the commemoration of World Environment Day 2023, inaugurated by Ashwini Kumar Choubey, Union Minister of State for Environment, Forest and Climate Change, Government of India.Read more
Erisha E Mobility signs MoU with UP govt to invest 400 cr in EV charging hubs
Erisha E Mobility and government of Uttar Pradesh to invest $50 million towards the construction of 100 EV charging hubs in Gautam Buddha Nagar district of UP. Read more