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More than half of India?s vehicles will be electric by FY33, Axis Capital Research

A progressive recasting of PLI for battery manufacturing is critical to spur EV battery making in India, concludes Nishit Jalan, Lead Analyst ? Automobiles at Axis Capital Research after a several-months-long study of the evolving global EV battery ecosysRead 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

India pursues unified battery-swapping standards for Electric Vehicles

NITI Aayog, the government's public policy think tank, has urged the Ministry of Heavy Industries to convene a meeting involving industry stakeholders.Read more

India's Hydrogen Market Soars: $21.9 Billion by 2030

A report, authored by MarketsandMarkets Research noted that global demand for hydrogen ranged between 90 million metric tons (mmt) and 100 mmt, with India contributing 7% of the global demand in 2022.Read more

Indian Air Force successfully tested the Type V Heavy Drop System from a cargo aircraft

Type V Heavy Drop System designed & developed by DRDO is capable of carrying up to 20 Ton of cargo via parachute in inaccessible places.Read more

With automotive supply chains stabilising, focus on sustainability expected to rise back up automakers’ agendas

A report by Capgemini Research Institute shows that the auto organisations are more confident to tackle future supply chain disruptions, having slashed backlog orders by 61%. A further 39% reduction is predicted in the next year.Read more

EV Battery prices drop 10% in August amidst dampened demand

As reported by market research firm TrendForce, the average price drop for cells used in EV batteries reached 10%, underscoring a lackluster growth trend in the EV battery market.Read more

Tamil Nadu gears up for Global Investors Meet 2024, focuses innovation, job creation

Global Investors Meet (GIM) scheduled to take place in Chennai in January 2024. In November 2022, the Tamil Nadu Smart and Advanced Manufacturing (TANSAM) was inaugurated, established by TIDCO in partnership with Siemens. Read more

Indian industries concern over EU Carbon tax data demands

This issue was raised during a meeting convened by the Ministry of Commerce on September 6, where government representatives discussed the challenges associated with the European Union's implementation of a carbon tax.Read more

Boeing's 737 Jetliner deliveries face challenges due to supplier glitch

Boeing anticipates that the handovers of its narrowbody aircraft will closely approach the lower limits of its target, which aims to ship between 400 and 450 of the popular 737 jets in the current year.Read more

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