Hindalco to invest ₹800 cr to set up EV battery foil unit in Odisha
The Aditya Birla Group company plans to invest ₹800 crore to build a new plant near Sambalpur in Odisha.
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Tata to build ₹13,000 cr lithium-ion gigafactory in Gujarat
The proposed gigafactory will be set up with an initial investment of around ₹13,000 crore
EVs to create $100 bn revenue opportunity for India: Bain & Company
Bain & Company expects 35-40% of all vehicles sold in India by 2030 to be EVs, up from 2% in 2022.
Bharat Electronics To Provide Lithium-ion Batteries to Triton EV worth ₹8,060 crore; Stocks surge 3%
The battery packs are to be delivered in 24 months commencing from January 2023.
Centre notifies battery waste management rules
The new rules cover electric vehicle batteries, portable batteries, automotive batteries and industrial batteries.
EVs to account for 55% new vehicles by 2030, seven times more than in 2021
Over 500 EV programmes will start from 2024 to 2026, apart from the 361 vehicles currently under development and slated to come to the market during this period.
2022 paints a chaotic, uncertain picture for auto sector despite healthy demand
Indian automakers are struggling to bridge the gap between supply and demand as inflated raw materials jolts them with the semiconductor shortage.
Exide, Chinese firm to make Li-ion EV batteries in India
Exide in the process of forming a special purpose vehicle by way of a wholly-owned subsidiary for carrying out its lithium-ion cell manufacturing business.
