Hindalco Industries is set to commission a new battery foil manufacturing facility near Sambalpur, Odisha, by July 2025. The company has invested INR 8 billion in the project, which was funded through internal accruals. The facility will have an annual production capacity of 25,000 tons of aluminium foil used in lithium-ion and sodium-ion batteries—materials critical […]
Remsons Industries Limited has acquired a 51.01% stake in Pune-based electric three-wheeler manufacturer Astro Motors Private Limited. The deal, valued at INR 142.2 million, includes INR 42.2 million in equity issued on a preferential basis and INR 100 million in cash. Astro Motors operates a manufacturing facility in Chakan, near Pune, and produces geared electric […]
Suprajit Engineering has entered into a licensing and technology transfer agreement with Blubrake S.p.A., an Italian company focused on Anti-lock Braking Systems (ABS). Under the terms of the agreement, Suprajit will develop and manufacture Blubrake’s patented ABS technology for non-pedal-based vehicles in India, China, South-East Asia, and Brazil. The agreement gives Suprajit exclusive rights to […]
Matter has inaugurated a new electric motorbike manufacturing plant in Changodar, Ahmedabad, with a planned annual production capacity of 120,000 units. The facility will produce geared electric motorbikes and represents a significant investment in electric vehicle manufacturing in Gujarat. The plant was inaugurated during an event attended by Gujarat Chief Minister Bhupendra Patel, who also […]
Valeo has inaugurated new manufacturing and assembly lines at its facility in Pune to support the production of components for electric vehicles. The expansion focuses on producing a 3-in-1 Combo unit, which integrates an On-Board Charger, a DC-DC Converter, and a Power Distribution Unit into a single module. The facility incorporates automation and smart manufacturing […]
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 […]
Ecofy Finance Private Limited has received DKK 90 million in loan financing from the Investment Fund for Developing Countries (IFU) to expand its lending portfolio for electric vehicles and rooftop solar installations in India. The funding is expected to support the financing of over one million electric vehicles and more than 1.5 GW of rooftop […]
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. […]
