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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

Indian govt considers exempting key EV components from localisation norms

However, this new consideration is met with opposition from local players such as Mahindra & Mahindra and Tata Motors, as well as foreign companies with decades-long operations in India.Read more

Zetwerk dives into IT Hardware, EV components manufacturing

Zetwerk is currently engaged in discussions with potential customers for component manufacturing partnerships and is exploring the establishment of a manufacturing plant in the western part of the countryRead more

Mahindra & Volkswagen comes together for EV Components

In addition to these initiatives, Mahindra is targeting an annual production of 200,000 electric vehicles at its Chakan plant in Maharashtra from 2027 to 2029.Read more

Servotech Power Systems announces subsidiary to manufacture key EV components

The establishment of a wholly owned new subsidiary Techbec Green Energy aim to indigenously manufacture key components for Electric Vehicle (EV) chargers.Read more

Japan’s Musashi Seimitsu to invest Rs 700 mn in India to make EV components

The company will manufacture 2W E-Axle comprising of motor, PCU, and Gear Box at its Bengaluru plant starting October 2023. It has signed MoU with Bharat New-Energy Company (BNC) to develop drivetrain technology.Read more

GEF Capital invests in auto component maker Hero Motors

With a total investment of Rs 1,500 crore over the course of the coming three years, Hero Motors Ltd aims to transform itself into a global EV solutions company from India. The funds will be utilised to augment its growth and expansion, with a significant focus on serving top global OEMs in the EV sector.Read more

FLASH and Elimen to jointly produce EV components in India

The collaboration will focus on production of traction motors and controllers of up to 300 kW, the first such project in India. FLASH has drawn an aggressive investment plan in EV segment and is looking to further invest Rs 150 crore over the next two years.Read more

FLASH joins hand with Polish firm Elimen to make EV components in India

The collaboration will focus on production of traction motors and controllers of up to 300 kW, the first such project in India. FLASH has drawn an aggressive investment plan in EV segment and is looking to further invest Rs 150 crore over the next two years.Read more

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