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Critical EV components to be localised by 2030

Achieving 100% localisation in India is not feasible due to the scarcity of certain rare earth materials, limited lithium-ion mining, and low levels of electronics manufacturing.Read more

Temico Motor to make powertrains for Indian EV manufacturers

It is expected to start mass production after gaining certification from the Bureau of Indian Standards next month.Read more

EV import scheme can affect Hyundai’s business

This policy will enable foreign OEMs to set up manufacturing bases in India, and also enter the domestic sales market, which will also intensify competition in the industry.Read more

Aerospace has emerged as a key demand driver for Trishul Machine Tools."

In a candid conversation, C S Shiva Shankaraiah, Managing Director, Trishul Machine Tools Pvt Ltd, delves into the company's journey and emerging prospects for its future growthRead 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

JSW's $4.81 bn investment powers up India's EV Manufacturing Hub in Odisha

JSW Group plans to allocate 250 billion rupees for an EV battery manufacturing plant and an EV components plant in the initial two phases of its investment strategy.Read more

VinFast chooses Tamil Nadu for global ev manufacturing hub in India

Sources familiar with the matter revealed that the top management of VinFast, led by Chairman Ph?m Nh?t V??ng, is expected to visit India soon to finalise a Memorandum of Understanding (MOU) with the Tamil Nadu government.Read more

EKA Mobility secures $100 mn Investment for EV Manufacturing in India

Under the agreement, Mitsui and VDL will jointly invest approximately Rs 830 crore in EKA Mobility, acquiring 'significant' minority stakes. The funds will be allocated to expand research and development efforts and increase manufacturing capabilities.Read more

JSW Group enters JV with SAIC Motor for EV manufacturing in India

The newly established entity, in which JSW Group will hold a 35% stake. The remaining ownership distribution is yet to be finalised.Read more

Toyota expands manufacturing in Karnataka with Rs 3,300 cr investment

This new facility, boasting a capacity of 100,000 units, will be situated approximately 35km from Bengaluru and has the potential to generate employment opportunities for up to 2,000 individuals.Read more

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