Advanced Chemistry Battery Market Demand in India Expected to Grow to 220 GWh by 2030 Updated On Mon, Aug 14th, 2023 by Saurenergy The Confederation of Indian Industries (CII) has released a report entitled ‘Raw Materials for Battery & Component Manufacturing’. The report delves into the following aspects of the Indian battery and component manufacturing industry- The Speedbreakers to EV Industry Growth The report highlights the significant need for localisation of the EV ecosystem in India, as well […] Read more
Contract Electronics Manufacturing Giant Foxconn Mulls Over EV Hub in India Updated On Mon, Aug 14th, 2023 by Saurenergy Taiwanese firm Foxconn Technology Group is looking to capture the Indian market. The firm has set sights on capturing 5 per cent of the worldwide sales by 2025 and aspires to deliver between 500,000 and 700,000 EVs by the said year. The firm is intent on opportunities to make the country its third global hug […] Read more
Servotech Signs MoU with UP Govt for EV Charger Manufacturing Plant in Uttar Pradesh Updated On Mon, Aug 14th, 2023 by Saurenergy EV charger manufacturer Servotech Power Systems Ltd. has signed an MoU with the Government of Uttar Pradesh to set up an EV charger manufacturing plant in the state along with backward integration. The plant will be set up under the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy 2022. The MoU was signed by […] Read more
Rohit Pandit Assumes Role as CMD at Shuzlan Energy Updated On Thu, Aug 10th, 2023 by Saurenergy Shuzlan Energy, an electric vehicle charging point operator, has onboarded Rohit Pandit as the Chairman and Managing Director after successfully acquiring a majority stake in the firm. His expertise in finance and strategic planning will play a pivotal role in steering the company towards sustained growth and expansion. Rohit’s strategic direction for Shuzlan Energy entails […] Read more
LOHUM & Vecmocon Partner to Power 100,000 LIB-Enabled EVs Updated On Wed, Aug 9th, 2023 by Saurenergy Producer of sustainable energy transition materials and Vecmocon, an Indian EV intelligence company backed by Tiger Global & Blume Ventures, have partnered to accelerate EV battery adoption and enable easy financing. The partnership aims to accelerate second-life battery use and power 100,000 LIB-enabled EVs over two years with AI-powered Battery Management System (BMS) by determining […] Read more
Hyundai Plans To Launch Five EV Models In India By 2032 Updated On Wed, Aug 9th, 2023 by Saurenergy South Korean car manufacturer Hyundai Motor Group has planned to launch five electric car models in India by the end of 2032. It also planned to increase its charging infrastructure in the country to boost electric mobility in the country, the company said in a statement. The company revealed the information during the visit of […] Read more
No Proposal To Impose Carbon Tax This Year: Govt Updated On Mon, Aug 7th, 2023 by Saurenergy The Union government claims that it has no plans to impose a Carbon Tax during the current financial year. It also added that it would continue to provide hand-holding support to electric vehicle consumers with government incentives. The response came to the fore when Minister of State for Finance Pankaj Chaudhary told the House about […] Read more
Tata Motors Now Have More Than 600 Operational E-Buses Updated On Mon, Aug 7th, 2023 by Saurenergy India’s multinational automotive manufacturing company Tata Motors now has more than 600 operational electric buses plying in the country. The company recently shared the information in its latest investors conference call during the discussion on the Q1 FY24 financial results. According to the automobile firm, during the Q1 of FY24 itself, the company deployed around […] Read more
Singapore’s Temasek to Invest INR 12,000 Cr in Mahindra & Mahindra EV Arm Updated On Fri, Aug 4th, 2023 by Saurenergy Major automobile firm Mahindra and Mahindra Ltd (M and M) has revealed that investment firm Temasek, based out of Singapore, will be investing INR 1,200 crore in Mahindra Electric Automobile Ltd (MEAL), which is the Electric Vehicle (EV) subsidiary of Mahindra & Mahindra. The EV arm manufactures four-wheeled EVs. An agreement towards this has been […] Read more
