The event aimed to build a roadmap for the holistic adoption of these technologies to design and make better products, driving Indian manufacturing companies toward progress and profitability. As India aspires to become a global manufacturing powerhouse, it must navigate fierce global competition, evolving business landscapes, and rising customer demands for speed and customization. To… Continue reading Exploring India’s path to manufacturing excellence: ET Auto’s Design and Manufacturing Summit discusses key issues
Author: Economic Times of India Online News
Philippines’ Marcos opens first EV battery plant
Located in New Clark city north of Manila, the StB Giga Factory Inc. facility will create 2,500 local jobs and channel five billion pesos. President Ferdinand Marcos inaugurated on Monday the first factory for electric vehicle batteries in the Philippines, calling it the “future” of clean energy. The Australian-owned lithium-iron-phosphate factory aims to produce two… Continue reading Philippines’ Marcos opens first EV battery plant
By 2035, EVs to consume 6 to 8.7% of India’s electricity: Report
“EVs in India to consume around 6 to 8.7% of the electricity by 2035” said the report. The electric vehicles (EVs) in India are set to consume a significant share of the country’s electricity by 2035, highlighted a report by IKIGAI Asset Manager Holdings, an investment management firm. According to the report, EVs are expected… Continue reading By 2035, EVs to consume 6 to 8.7% of India’s electricity: Report
PM E-DRIVE: Centre notifies INR 10,900 crore EV subsidy scheme
PM E-DRIVE offers subsidies for electric two, and three wheelers, e-ambulances, e-trucks and ‘other new emerging EV categories.’ The centre notified PM E-DRIVE scheme Monday. A gazette notification said the scheme will have an outlay of INR 10,900 crore, and shall be implemented from October 1, 2024, to March 31, 2026. It aims for faster… Continue reading PM E-DRIVE: Centre notifies INR 10,900 crore EV subsidy scheme
Fire breaks out at Chinese battery giant CATL plant
CATL’s base in the eastern province of Fujian, but the company said the effect of the now extinguished fire would not be significant. A fire broke out Sunday at a factory belonging to Chinese battery giant CATL, which supplies electric vehicle makers including Tesla, but only a “relatively small” impact on operations is expected, the… Continue reading Fire breaks out at Chinese battery giant CATL plant
An INR 50 crore and growing biz of Mercedes-Benz India, and it’s not from cars
Updated On Sep 30, 2024 at 11:37 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals During the last 3-4 years the German company’s Indian arm has also witnessed a 50% rise in the average selling price of the car, which has gone up from INR 60 lakh to INR 90 lakh… Continue reading An INR 50 crore and growing biz of Mercedes-Benz India, and it’s not from cars
Piyush Goyal’s US visit: India, America to discuss pact to boost collaboration in critical minerals
The minister will also interact with leading American and Indian CEOs and industry leaders to highlight the vast opportunities for investment in India. India and the US are negotiating a pact to enhance collaboration in essential critical minerals, and the issue will figure during the visit of Commerce and Industry Minister Piyush Goyal to Washington… Continue reading Piyush Goyal’s US visit: India, America to discuss pact to boost collaboration in critical minerals
IPO rush: Hyundai, Swiggy, NTPC Green Energy among cos looking to raise Rs 60,000 cr in Oct-Nov
Hyundai Motor India Ltd, the Indian subsidiary of South Korea’s Hyundai Motor Company, is expected to raise INR 25,000 crore, making it the largest-ever IPO in India. The primary market will remain abuzz with more than half a dozen companies, including Hyundai Motor India, Swiggy, and NTPC Green Energy, lined up initial public offerings over… Continue reading IPO rush: Hyundai, Swiggy, NTPC Green Energy among cos looking to raise Rs 60,000 cr in Oct-Nov
Officials warn that EVs could catch fire if inundated with saltwater from Hurricane Helene
Keeping electric vehicles out of standing water is the best way to avoid the possibility of a fire. Electric vehicles can catch fire if they are inundated by saltwater, so owners who live in the path of a major storm like Hurricane Helene should take precautions and prepare for the possibility that they’ll be unable… Continue reading Officials warn that EVs could catch fire if inundated with saltwater from Hurricane Helene
With 23% CAGR, global EV market to soar to USD 2108 billion by 2033: Report
The global electric vehicle market, valued at USD 255 billion in 2023, is projected to reach USD 2,108 billion by 2033. New Delhi: The global electric vehicle (EV) market, valued at USD 255 billion in 2023, is expected to experience an expansion, projected to reach USD 2,108 billion by 2033, according to an Axis Securities… Continue reading With 23% CAGR, global EV market to soar to USD 2108 billion by 2033: Report