Hyundai Motor India Ltd. has signed an agreement with Exide Energy Solutions Ltd., a subsidiary of Exide Industries, to procure domestically manufactured lithium-iron-phosphate (LFP) battery cells for its electric vehicles (EVs). The move supports local sourcing of critical EV components and reduces dependency on imports, according to a press release issued by the company. Under […]
Unimech Aerospace and Manufacturing Limited has announced an initial public offering (IPO) to raise up to ₹5,000 million, with plans to channel the proceeds into critical business objectives. The offering comprises a fresh issue of equity shares worth up to ₹2,500 million and an offer for sale by existing shareholders aggregating up to ₹2,500 million. […]
Ola Cell Technologies Pvt Ltd (OCTPL), a subsidiary of Ola Electric Mobility Ltd, has announced plans to invest ₹2,200 crore in the fiscal year 2025 to expand its lithium-ion cell manufacturing capacity at its Krishnagiri facility in Tamil Nadu. This follows an initial investment of ₹1,200 crore as of September 2024, which established a manufacturing […]
Lotus Wireless Technologies (LWT) in India, in collaboration with the Austrian Institute of Technology (AIT), has inaugurated a medium-voltage laboratory in Visakhapatnam, India, to support the development of megawatt-scale electric vehicle chargers. The project includes the demonstration of a charger powered by Solid-State Transformer (SST) technology, designed for high-speed charging of electric vehicles, maritime vessels, […]
India and Sweden marked a milestone in their joint efforts toward environmental sustainability at the second India-Sweden Sustainability Day, held in Mumbai on December 13, 2024. The event, organized by Team Sweden in India, brought together representatives from government institutions, corporations, and academia to discuss strategies for industrial decarbonization and sustainable practices. The initiative is […]
A new compressed biogas (CBG) plant has been inaugurated in Batala, Punjab, aiming to process 100 tons of pressmud daily to produce 5.6 tons of biogas. The plant, developed by MEPL BioEnergy LLP in collaboration with CEID Consultants and Engineering Pvt. Ltd., represents a ₹35 crore investment and covers 10 acres of land. The facility […]
The Laser Interferometer Gravitational-Wave Observatory (LIGO)-India project marked a new milestone with the inauguration of a testing and training facility at the Raja Ramanna Centre for Advanced Technology (RRCAT) in Indore. The facility will support the construction and assembly of detector subsystems while the main observatory site is under development in Hingoli, Maharashtra. The Department […]
In a recent address, US Ambassador Eric Garcetti emphasized India’s growing role in the renewable energy sector, highlighting collaborative initiatives between India and the United States. Speaking at the South Asia Women in Energy leadership summit, hosted by the US-India Strategic Partnership Forum, Garcetti outlined the increasing investments and joint ventures in solar, wind, and […]
Airbus has acquired a 650,000-square-foot facility in Bengaluru, India, to support its operations in the aerospace and defense sectors. The move strengthens the company’s engagement with India’s growing aerospace ecosystem, which includes organizations such as Hindustan Aeronautics Limited (HAL) and the Indian Space Research Organisation (ISRO). The facility is expected to contribute to job creation […]
Saint-Gobain has launched a new production line in India to manufacture components for electric vehicle (EV) batteries. The facility is focused on localized production of essential components, including battery pack seals, compression pads, thermal management solutions, thermal runaway solutions, and dielectric insulation materials, tailored to meet the specific needs of the Indian EV market. According […]
