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Indian Oil, Panasonic Energy sign deal to make lithium-ion cells in India
Indian Oil is anticipating a rise in demand for batteries for two- and three-wheeler vehicles and energy storage systems in the Indian market
Indian Oil is anticipating a rise in demand for batteries for two- and three-wheeler vehicles and energy storage systems in the Indian market
The Aditya Birla Group company plans to invest ₹800 crore to build a new plant near Sambalpur in Odisha.
Electric vehicles contribute 13-15% to Tata Motors' passenger vehicle sales.
Shares of Tata Motors rose 2% in intraday trade on Monday to hit their 52-week high of ₹548.65 apiece on the BSE.
The proposed gigafactory will be set up with an initial investment of around ₹13,000 crore
The report says the country requires up to 903 GWh of energy storage to decarbonise its mobility and power sectors by 2030.
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.
The EV ecosystem is presenting strategic advantages to electronic waste recyclers and tech entrepreneurs—who would like to capitalise on the rising lithium-ion battery demand.
Why Indian Oil Corporation believes hydrogen fuel cells and not lithium-ion batteries may revolutionise electric vehicles in India.
Nitin Gadkari stressed the need for manufacturing locally and converting the country’s research and knowledge potential into wealth.