Rico Autos foresees Rs 2,000 crore turnover by 2020 Updated On Mon, Aug 6th, 2018 by Saurenergy Gurugram based auto parts maker Rico Auto Industries has claimed the procurement of orders worth 1,200 crore from electric vehicles manufacturers. Following a three-way future growth strategy, the company expects revenue of Rs. 1,500 crore in the FY 2018-19 and a turnover of Rs. 2,000 crore in the following year. In order to reach this […] Read more
BMW Brilliance and CATL Signed Strategic Cooperation Agreement Updated On Sat, Aug 4th, 2018 by Saurenergy BMW Brilliance claimed to consolidate its new energy ecosystem of ‘In China, For China’ which covers the entire life cycle of new energy vehicles from battery cell production to battery cell recycling. Luxury and sports automaker BMW’s energy efficient arm BMW Brilliance and battery maker Contemporary Amperex Technology (CATL) has signed a strategic cooperation agreement […] Read more
With High Debts of Rs 370 Cr, Su-Kam to Face Auctions Updated On Sat, Aug 4th, 2018 by Saurenergy In April 2018, the tribunal admitted Su-Kam to be a Non-Productive Asset (NPA). In November 2017, SBI, owing to the high debts, had referred Su-Kam to the National Company Law Tribunal (NCLT) for bankruptcy proceedings. In April 2018, the tribunal admitted Su-Kam to be a Non-Productive Asset (NPA). Now up for bidding, Su-Kam has a […] Read more
Haryana CM Starts off EVs and Exicom Chargers; Assigns them to GMDA Updated On Sat, Aug 4th, 2018 by Saurenergy Gurugram Metropolitan Development Authority (GMDA) has been assigned the governance of the launched EV segment and the Exicom chargers hereby. Haryana CM, Manohar Lal Khattar inaugurated the Electric Vehicles (EV) and Exicom Tele-Systems Limited AC and DC Fast Chargers in order to encourage the use of green energy driven vehicles and convenient charging points in […] Read more
EDF Renewables and PGGM Enter Sale and Purchase Agreements Updated On Sat, Aug 4th, 2018 by Saurenergy EDF Renewables will remain a 50 percent co-owner and provide management as well as operations and maintenance services. EDF Renewables has signed two sale and purchase agreements which will authorize PGGM Infrastructure Fund to acquire a 50 percent ownership interest in the following projects: Glacier’s Edge Wind and Valentine Solar. The transaction for the acquisition […] Read more
ISRO Develops Green Propellant for Rocket Motors Updated On Fri, Aug 3rd, 2018 by Saurenergy The successful implementation of the propellant by ISRO will eliminate the emission of chlorinated exhaust products from rocket motors. Taking another step towards green propulsion system, Indian Space Research Organization (ISRO) has developed an eco-friendly solid propellant based on Glycidyl Azide Polymer (GAP) as fuel and Ammonium Di-Nitramide (ADN) as oxidizer at the laboratory level. […] Read more
Mahindra Asserts Launch of Electric KUV100 in 2019 Updated On Thu, Aug 2nd, 2018 by Saurenergy Electric KUV100 would be first electric SUV to be sold commercially in India which was also showcased in the 2018 Auto Expo. Mahindra and Mahindra (M&M), India’s leading car manufacturing MNC has announced the launch of an all-electric Mahindra KUV100 in 2019. Electric KUV100 would be first electric SUV to be sold commercially in India […] Read more
Government Plans New Subsidy Policy to Foster Electric Vehicles Updated On Thu, Aug 2nd, 2018 by Saurenergy The electric vehicles policy would be initiated at a smaller scale initially to let the automobile industry cope with the transition. Promoting the use of electric vehicles (EV), the government is planning to roll out a fresh policy that would regulate minimum subsidy on the segment. The policy would be initiated at a smaller scale […] Read more
Tata Power’s Q1 Generation Up 5.5% to 13,113 Mus Updated On Wed, Aug 1st, 2018 by Saurenergy In line with its commitment to generate 30 percent to 40 percent power from non-fossil fuel sources by 2025, Tata Power is progressively increasing its renewable energy installations in India. Country’s one of the leading integrated power company, Tata Power’s generation capacity has increased by 5.5 percent to 13,113 MUs in Q1 FY19 as compared […] Read more
