Only 30-40% of EV Supply Chain Localized: ICRA Updated On Thu, Feb 20th, 2025 by Saurenergy Investment Information and Credit Rating Agency, ICRA found that at present, only 30-40% of the EV supply chain is localized. There has been substantial localization in traction motors, control units, and battery management systems over the years, while battery cells, which constitute 35-40% of a vehicle’s cost, are still entirely imported. The relatively low localization […] Read more
Maharashtra: Blue Energy To Set up 30,000 E-Truck Manufacturing Plant Updated On Wed, Jan 22nd, 2025 by Saurenergy Blue Energy Motors has signed a Memorandum of Understanding (MoU) with the Maharashtra government at the World Economic Forum in Davos. The MoU paves the way for Blue Energy Motors Ltd.’s proposed investment in the state, with plans to manufacture 30,000 electric trucks to foster industrial growth and significantly enhance the region’s EV truck manufacturing […] Read more
Maharashtra: Mahindra Unveils Its EV Manufacturing, Battery Plant Updated On Wed, Jan 8th, 2025 by Saurenergy Mahindra recently unveiled its newly dedicated manufacturing and battery assembly facility at its Chakan (Pune) plant located in Maharashtra. It’s a fully integrated ecosystem to produce Electric Origin SUVs. The unit is located within the company’s 2.83 km-sq Chakan manufacturing hub. It is one of the large greenfield projects, a water-positive facility. It is 100% […] Read more
India – Japan Collaborate To Establish EV Manufacturing Capacity In Karnataka Updated On Thu, Jan 11th, 2024 by Saurenergy Cabinet Minister of Large & Medium Industries and Infrastructure Development, Government of Karnataka MB Patel recently, in his social media post on X, announced collaboration between Karnataka and Japan to manufacture Electric Vehicles (electric vehicles (EVs) in the state. In a recent announcement on social media platform X, he shared details of the upcoming collaboration. […] Read more
Hyundai Eyes Expansion in India with Investment Worth INR 20,000 Cr in Tamil Nadu Updated On Fri, May 12th, 2023 by Saurenergy Korean automaker Hyundai Motor is intent on augment its Electric Vehicle (EV) market in India. The firm has said that it is looking to make an investment worth Rs 20,000 Cr for the upgradation of its facilities in Tamil Nadu. The investment will take place in a phased manner. Additionally, it has revealed that it […] Read more
“EV Policies At State & Central Level In India Are Very Encouraging”, Pankaj Goyal, Autonxt Automation Updated On Tue, Feb 21st, 2023 by Saurenergy The focus on EVs was accelerated from 2013 with the announcement of the National Electric Mobility Mission Plan 2020 (NEMMP), followed by FAME – I and II subsequently. India has now gained good momentum on the EV deployment with a focus on all segments 2W, 3W, commercial vehicles, and of course passenger vehicles (PVs) all […] Read more
Mahindra & Mahindra Invests Rs 10000 Cr To Expand EV Production Updated On Wed, Dec 14th, 2022 by Saurenergy Mumbai-headquartered auto major Mahindra & Mahindra Ltd (M&M) recently announced that it will invest Rs 10,000 crore to build an electric vehicle manufacturing facility in Pune, Maharashtra. The industrial development scheme for electric vehicles of the Maharashtra government has approved the company’s investment, according to the company. For the establishment of the manufacturing facility, development, […] Read more
Panache Digilife To Manufacture Revamp Moto’s EVs Under Contract Updated On Tue, Nov 1st, 2022 by Saurenergy Revamp Moto, a producer of modular electric vehicles (EVs), has gone with Panache Digilife Ltd, a company that specialises in the design, production, distribution, and services of ICT & IoT products, to build EVs for it at the site in Bhiwandi, Mumbai. “Panache will bring with them 20 years of contract manufacturing expertise. This will […] Read more
Omega Seiki To Invest Rs. 100 Crore for EV Manufacturing Unit in UP Updated On Mon, Aug 2nd, 2021 by Saurenergy A member of the Anglian Omega Group, Omega Seiki Mobility (OSM), has signed a Memorandum of Understanding (MoU) with Youth Rural Entrepreneur Foundation (YREF) to set up an electric vehicle (EV) manufacturing facility in Ghazipur, Uttar Pradesh. The Indian OEM has also announced to invest Rs 100 crore for the EV manufacturing unit in the […] Read more
