OPG Mobility, formerly known as Okaya EV, has announced plans to raise ₹400 crore over the next 18–24 months to support its growth initiatives, including product portfolio expansion and network enhancement. According to a company press release, this funding will primarily target the development of new electric vehicle (EV) models and the expansion of its […]
The International Battery Company (IBC) is set to begin production at its lithium-ion battery manufacturing unit in Bengaluru within nine months. The project, with an estimated investment of ₹390 crore, is expected to create 300 direct jobs, according to a press release issued by the company. A groundbreaking ceremony for the factory, located at the […]
Neuron Energy has announced the launch of a new manufacturing facility in Chakan, Pune, during the Bharat Mobility Global Expo 2025. The facility, which represents an investment of ₹25 crore, is designed to produce 1.5 GWh of lithium-ion batteries annually. The company aims to address the growing demand for electric vehicle (EV) batteries and energy […]
Azad India Mobility has announced the provisional allotment of a 70.71-acre industrial plot in Andhra Pradesh to establish a manufacturing facility for electric vehicles (EVs). The allotment, facilitated by the Andhra Pradesh Industrial Infrastructure Corporation (APIIC), includes an initial allocation of 36 acres for Phase-I, with reservations of 26 acres for Phase-II and 8.71 acres […]
British International Investment (BII), the UK’s development finance institution, has fulfilled its 2022 commitment to India’s electric vehicle (EV) sector with an additional investment of INR 650 crore in Mahindra Electric Automobile Limited (MEAL). This investment is part of a broader initiative to mobilize international funding for India’s EV industry, according to a press release […]
Mahindra & Mahindra Ltd. has inaugurated a new manufacturing and battery assembly facility dedicated to its Electric Origin SUV line at its Chakan plant. The facility is part of the company’s strategy to enhance electric vehicle (EV) production capabilities and advance its sustainable manufacturing goals. Located within the 2.83 km² Chakan manufacturing hub, the new […]
BatX Energies Pvt. Ltd has inaugurated a new lithium-ion battery recycling facility, referred to as Critical Minerals Extraction Plant (HUB-1), in Sikandrabad, Uttar Pradesh. This plant is designed to extract critical materials such as lithium, cobalt, nickel, and manganese from used lithium-ion batteries, with applications in electric vehicle (EV) battery production and other industries. The […]
Greaves Electric Mobility, a division of Greaves Cotton Ltd., has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The company intends to raise up to Rs 1,000 crore through a fresh issue of shares, with existing shareholders planning to sell up […]
Musashi Auto Parts India Pvt. Ltd. (MAP-ID), a subsidiary of Japan-based Musashi Seimitsu Industry Co., Ltd., has commenced mass production of e-axles for electric two-wheelers at its Bengaluru facility, according to a report by Autocar Professional. This marks a significant step in the company’s diversification into electric vehicle (EV) components, targeting India’s rapidly growing EV […]
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 […]