TDK Corporation, an electronic components company, has inaugurated a lithium-ion battery manufacturing plant in Sohna, Haryana. The facility is designed to produce around 200 million battery packs annually, which the company said will meet about 40 percent of India’s annual requirement of 500 million packs. According to information released at the event, the plant is […]
Ashok Leyland announced plans to invest more than INR 50 billion over the next 7–10 years to develop and manufacture next-generation batteries in India. The investment will cover both automotive and non-automotive applications, including energy storage systems. The company has signed a long-term exclusive partnership with China-based CALB Group for the initiative. The agreements were […]
Suzuki Motor Corporation has launched its first Made-in-India global strategic battery electric vehicle, the e VITARA, and commenced local manufacturing of hybrid battery electrodes at its plant in Hansalpur, Gujarat. Electric vehicles produced in India will now be exported to over 100 countries, including markets in Europe and Japan. The hybrid battery electrode manufacturing initiative […]
Hindalco Industries has invested INR 180 billion in India during FY25, its highest annual capital expenditure in nearly a decade, and reiterated a USD 10 billion investment plan over the next five years across operations in India and through its subsidiary Novelis. Chairman Kumar Mangalam Birla said the strategy is to strengthen both upstream and […]
Exide Industries Limited, a manufacturer of storage batteries, has invested INR 1 billion in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights issue. With this infusion, Exide’s total investment in EESL now stands at INR 37.02 billion. The transaction does not affect Exide’s 100 percent ownership of the subsidiary. EESL, incorporated in […]
Pastiche Energy Solutions, a manufacturer of electric vehicle (EV) battery technology, has unveiled a lithium-ion battery manufacturing facility with an initial production capacity of 1.5 GWh. The plant is equipped with automatic laser welding lines and high-power testing systems to support the production of large-capacity batteries for EVs and battery energy storage systems (BESS). The […]
Schneider Electric is setting up a 500,000-square-foot manufacturing facility in Hosur, Tamil Nadu, in partnership with Horizon Industrial Parks, a warehousing platform backed by Blackstone Real Estate. The new plant will support the company’s operations in the manufacturing, sales, and distribution of battery management products, including Uninterruptible Power Supply (UPS) systems, Power Distribution Units (PDU), […]
Omega Seiki Mobility has announced the establishment of a new manufacturing facility in the United Arab Emirates as part of its international expansion strategy. The facility is intended to cater to demand from nearby regions and enable faster delivery of electric mobility products. According to the company, the plant will produce electric vehicles designed for […]
L&T Technology Services (LTTS) has entered into a multi-year agreement with the TRATON GROUP to serve as its strategic engineering partner, supporting the commercial vehicle manufacturer’s global research and development transformation. As part of the agreement, LTTS will deliver engineering services across mechanical, software, and digital system domains in Sweden, Germany, the United States, Poland, […]
Nibe Limited, a defence manufacturing company, has secured a purchase order worth INR 226.6 million from a domestic infrastructure and defence company. The contract is for the supply of turret structure assemblies and will be executed in tranches by June 28, 2026. According to the company, the order does not involve any related party transactions, […]