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China orders automakers to avoid investing in India to safeguard EV technology
The directive comes amid strained relations between China and India, particularly following a deadly border clash in 2020.Read more
Indian EV market expected to grow at over 40% CAGR till 2027: Niveshaay
The EV sales volume in India could touch around 3-4 million units by 2025 and 10 million by 2030.Read more
JSW MG to shift focus to NEVs; to phase out conventional vehicles
JSW MG aims to introduce a new vehicle every four to six months and anticipates that over 50% of its sales will come from electric vehicles (EVs) in 2024.Read more
Servotech receives order to install 11 public EV charging stations for BESCOM
Additionally, Servotech will provide warranty support and handle all necessary electrical connections and power supply arrangements.Read more
India’s ACC battery sector to attract $9 billion investment in 5 years
To support this growth, the IESA has advocated for policy parity between ACC-PLI (Production Linked Incentive) bid winners and non-PLI firms regarding business visas for foreign experts involved in setting up ACC manufacturing facilities in India.Read more
Reliance Infra plans EV manufacturing facility in India
Reliance Infra is exploring the establishment of a battery plant with an initial capacity of 10 GWh, with plans to scale up to 75 GWh over the next decade.Read more
India's auto comp industry to triple to $200 billion by 2030
By 2030, sales to original equipment manufacturers (OEMs) could grow to $89 billion, while exports may soar to $100 billion, representing a CAGR of 30%.Read more
GTRI warns of India becoming an 'EV colony' for China
GTRI urged the government not to rush into providing significant incentives, warning that doing so could increase India's reliance on Chinese imports. Read more
Delta inaugurates India headquarters and global R&D centre in Bengaluru
Delta is expected to employ up to 750 R&D engineers over the next 3 years to strengthen its unique capabilities in developing smart, energy-saving high-voltage power management solutions for telecom, data centres, EV charging, and energy storage applications, as well as IoT, AI-related software, all tailored for India’s transformation.Read more
Honda Power & Bhago Mobility team up for green fleet management services for EVs
Bhago Mobility will launch 100 vehicles within the next few months of 2024 and aims to reach 10,000 vehicle in the next three years by 2028.Read more