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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

Centre plans vehicle scrappage policy based on pollution levels; Anurag Jain

Jain pointed out that a policy mandating scrappage after a certain number of years often raises questions from vehicle owners who maintain their vehicles well.Read more

GST Council introduces Reverse Charge Mechanism on metal scraps

Typically the seller charges the buyer for GST, but under the newly introduced RCM provision, the buyer will be responsible for paying the tax directly to the government. Read more

L&T Semiconductor Technologies and IBM partner to develop advanced processors

This collaboration aims to target areas like edge devices, hybrid cloud systems, mobility, industrial applications, energy solutions, and servers.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

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