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
Indian EV Sector Registered 170% Growth In FY23: CEEW-CEF Report Updated On Thu, May 11th, 2023 by Saurenergy A latest analysis report by the Council on Energy, Environment and Water’s Centre for Energy Finance (CEEW-CEF) claimed that sales of Electric Vehicles (EVs) in India grew exponentially in FY23. It claimed that the Indian EV sector witnessed a growth of 170 percent (compared to FY22). It also crossed the one million mark during the […] Read more
Satyen Sail Takes Over as Mobility Business Head at Magenta Mobility Updated On Thu, May 11th, 2023 by Saurenergy Satyen Sail has been appointed as the new Mobility Business Head at Magenta Mobility, a provider of electric mobility solutions. Satyen brings to the table more than 27 years of work experience that entails working with Coca-Cola, Vodafone, Kingfisher, and Reliance. Prior to his role at Magenta, Satyen looked after fleet operations with Lithium Urban […] Read more
Our goal is to raise production capacity to 3 GW yearly: Anurag Garg, Jakson Group Updated On Wed, May 10th, 2023 by Saurenergy Please tell us about the manufacturing capacity and expansion plans of Jakson. Presently, we have 580 MW module manufacturing capacity at our Greater Noida Plant in India. We were among the first Indian manufacturers to start with fully automatic (including auto bussing) module manufacturing facility and waterless technology NDC laser cutting machine in 2021-22. The […] Read more
Gurugram-based EV Logistics Firm Zyngo Raises $5 Million Funding Updated On Tue, May 9th, 2023 by Saurenergy Zyngo EV Mobility Private Ltd, a Gurugram-based tech-enabled third-party logistics service provider, has now raised USD five million in a ‘pre-series A’ funding led by Delta Corp Holdings (Delta Corp). It was in addition to the participation from existing investors like LC Nueva Investment Partners LLP. The company said these funds would be used to […] Read more
Five Major Challenges India Can Face in Lithium Mining Updated On Tue, May 9th, 2023 by Saurenergy In the latest development, the Geological Survey of India (GSI) indicated the presence of a large deposit of Lithium in the Degana region of Rajasthan’s Nagaur district. It is the second largest critical mineral discovery after the GSI discovered another significant source in the Reasi district of Jammu and Kashmir in February this year. While […] Read more
Servotech Q4 Results Charged Up On Strong EV Show Updated On Mon, May 8th, 2023 by Saurenergy Servotech Power Systems Ltd., a manufacturer of solar, electric vehicle (EV) chargers, power-backup and other smart power solutions, presented its quarterly financial results for the quarter ended March 31, 2023 at its Board of Directors meeting on May 7, 2023. The firm with a strong foothold in the EV charging space and in the government […] Read more
Is It Possible To Build Smaller Yet Long-Lasting Lithium Batteries? Updated On Mon, May 8th, 2023 by Saurenergy Lithium-ion batteries have now become indispensable to households across the world. With their excellent energy storage, lightweight, and recharging potential, these batteries are now finding their rampant usage in Electric Vehicles (EVs) and other household energy storage devices. But is it possible to build more long-lasting and smaller Lithium-ion batteries of equal or more capacity? […] Read more
Govt To Disburse Subsidy Dues To Ola, Ather, Hero & TVS Under FAME-II Updated On Mon, May 8th, 2023 by Saurenergy The Ministry of Heavy Industries, the nodal government agency handling the Faster Adoption of Manufacturing of Electric Vehicle (FAME)-II scheme, has been mulling returning the due subsidies of four major electric two-wheeler companies, reports claimed. The move comes days after these EV players announced reimbursing the EV customers to whom these companies sold EV chargers […] Read more
