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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
Modi and Macron push for defence roadmap and Indo-Pacific Collaboration
The Defence Industrial Roadmap aims to facilitate the development and production of advanced defence technologies while fostering collaboration not only within India but also among other nations in the Indo-Pacific region.Read more
Nitin Gadkari lauds MP's Green Hydrogen Potential and Agriculture Success
Gadkari credited Chief Minister Shivraj Singh Chouhan for the substantial increase in irrigation capabilities and agricultural production in the state.Read more
CRISIL forecasts a 35% surge in road and renewable energy investments by 2024
The report highlights that favourable policies, escalating investor interest, and effective project implementation will contribute to this capital outlay expansion in these sectors.Read more
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
TVS ILP expands footprints in Coimbatore, partners with Nestlé for tailored warehouse
The stand-alone building, encompassing an impressive area of 1.31L square feet, has been thoughtfully designed to meet Nestlé’s specific requirements, enhancing their supply chain capabilities in the region.Read more
4W, 2W EV manufacturing to drives for 13 mn sq ft real estate by 2030
‘Electric Vehicles in India – New Wheels on the Roads’, a report by India’s leading real estate consulting firm, CBRE South Asia shows trends, growth, and influence of electric vehicles (EVs) on the real estate sector in India.Read more
ICEMA annual industry results for FY 2022-23 shows 26 per cent YoY growth
Indian Construction Equipment Manufacturers' Association (ICEMA) released its industry result for the FY 2022-23. The results shows construction equipment sales grew 26 per cent to cross 1 lakh mark with 28.5 per cent growth in domestic sales YoY, and 3 per cent growth in exports.Read more
Bobba Group opens tech-enabled warehouse on Bellary Road, Bengaluru
Bobba Group inaugurated its new 75,000 square foot tech enabled warehouse facility located at Sonnappanahalli, Bellary Road, Bengaluru. The warehouse also houses a cold zone with a 452-pallet capacity, 8 docking stations and remote monitoring system.Read more