Replus, a battery manufacturing company under the LNJ Bhilwara Group, has announced plans to expand its production capacity from 1GWh to 6GWh within the next year. The facility will incorporate advanced automation processes and support multiple battery chemistries to meet demand in the electric vehicle (EV) and energy storage system (ESS) markets. According to the […]
TVS Motor Company announced that its wholly owned subsidiary, TVS Motor (Singapore) Pte Ltd, has divested its stake in ION Mobility Pte. Ltd., a Singapore-based electric vehicle company. In exchange, TVS has acquired certain identified assets from ION Mobility for a net cash consideration of approximately USD 1.75 million. According to financial disclosures, ION Mobility […]
Chinese electric vehicle (EV) manufacturer BYD is evaluating potential sites near Hyderabad for a new production facility, according to reports. The Telangana government has proposed three locations for the plant, which, once finalized, will involve an agreement between BYD and state authorities. The facility is expected to have an annual production capacity of 600,000 EVs […]
ISRO has conducted a successful hot test for the Engine Power Head Test Article (PHTA) as part of its Semicryogenic Engine development program. The test, conducted on March 28, 2025, at ISRO Propulsion Complex in Mahendragiri, Tamil Nadu, is a step toward integrating the 2000 kN thrust semi-cryogenic engine (SE2000) into the LVM3 launch vehicle. […]
Larsen & Toubro (L&T) has been awarded a contract by QatarEnergy LNG for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4). The contract, issued to L&T Energy Hydrocarbon (LTEH), includes engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes. Each complex will feature large offshore platforms with compression and power […]
IRM Energy Limited has signed a five-year agreement with Shell Energy India Private Limited for the supply of Regasified Liquefied Natural Gas (RLNG). Under the agreement, IRM Energy will procure a total of 1,23,21,200 MMBtu, approximately 326.84 million standard cubic meters (mmscm) at 9500 kcal Gross Calorific Value (GCV), over the contract period. The agreement […]
Samvardhana Motherson International Limited (Motherson) has approved an investment of up to INR 2 billion in its subsidiary, CIM Tools Private Limited, through the subscription of 9.25% Compulsory Convertible Debentures (CCDs). The investment, which will be executed in one or more tranches, is expected to increase Motherson’s shareholding in CIM Tools from 55% to approximately […]
Hyundai Motor India Ltd. (HMIL) has announced plans to establish and operate a tooling centre in India, following approval from its board of directors on March 24, 2025. The company intends to invest approximately INR 6.94 billion in the facility, which will focus on manufacturing stamping tools and panel production for vehicles. According to HMIL, […]
Hero MotoCorp has announced a strategic investment in Euler Motors, marking its entry into the electric three-wheeler segment. The company’s board has approved an investment of up to INR 5.25 billion (USD 63 million) in one or more tranches. The investment is aimed at strengthening Hero MotoCorp’s position in the expanding electric vehicle (EV) market. […]
Samvardhana Motherson International Limited (SMIL) has announced that its subsidiary, Samvardhana Motherson Automotive Systems Group B.V. (SMRP B.V.), will invest between USD 5 million and USD 7 million in REE Automotive Ltd. According to a regulatory filing, the investment is aimed at maintaining SMRP B.V.’s existing ownership percentage in REE Automotive as the latter raises […]
