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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

Biliti Electric plans Rs 400 crore investment in Hyderabad manufacturing plant

The company, which has been set up by the founders of Hyderabad-based Gayam Motor Works, is positioning itself as a significant player in the global EV marketRead more

Tata Motors to demerge into two separate listed companies

The two separate listed companies will be for Commercial Vehicles and Passenger Vehicles (including PV, EV and Jaguar Land Rover) businesses.Read more

EVs present new challenges and opportunities for tool makers: Pankaj Abhyankar

In this interview with Rakesh Rao, Pankaj Abhyankar, Sr VP & Business Head, Godrej Tooling, explains the evolution of the tooling industry in India.Read more

Ashok Leyland to set up manufacturing plant for electric buses in UP

Once operational, the plant will initially have the capacity to produce 2500 vehicles per year. Ashok Leyland plans to expand this capacity to 5000 vehicles annually over the next decade, anticipating the growing demand for electric and other types of vehicles in the coming years.Read more

The green path to $ 10 trillion economy

In 2023, green manufacturing startups were able to attract more than $10 billion investment globally (with sectors like batteries, transportation, building and materials, and metal emerging as the most popular choices for investors), according to a Crunchbase report.Read more

Budgeting for growth?

The interim budget 2024-25, announced by Union Finance Minister Nirmala Sitharaman on February 1, 2024, has allocated Rs 11.11 trillion as capital expenditure (capex) for the next financial year – which is 3.4 per cent of the GDP and 11.1 per cent more than the planned capex of Rs 10 trillion for FY24.Read more

Green engineering - the key to decarbonising India’s infrastructure push

The growth of construction equipment industry in India has been accompanied by environmental concerns arising from fuel consumption, emissions, and the ecological impact of construction activities, says Shalabh Chaturvedi while explaining the role of green engineering in the construction equipment industry. Read more

Interim budget 2024: Driving mobility on green path

With a goal to achieve India’s net zero emission target by 2070, the interim budget 2024-25 announces some measures to strengthen the electric vehicle (EV) ecosystem and charging infrastructure. Here is what the EV industry leaders have to say about the budget.Read more

Moulding the future of manufacturing

Despite the global turmoil, the Indian tooling industry performed exceptionally well in 2023. With emerging segments (like electric vehicles, railways, aerospace, etc) opening up new avenues of growth, Indian tool makers are expecting an even more successful 2024, says Rakesh Rao. Read more

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