Volkswagen’s battery division develops pathbreaking technology for cell production

PowerCo, the battery subsidiary of the Volkswagen Group, plan to introduce a completely new manufacturing process in its battery cell production plants in Europe and Northern America. The new technology will significantly boost efficiency and sustainability in volume battery cell production. Based in Salzgitter, Niedersachsen, the battery company aims to industrialise the so-called ‘Dry Coating’… Continue reading Volkswagen’s battery division develops pathbreaking technology for cell production

Volkswagen’s battery division develops pathbreaking technology for cell production

PowerCo, the battery subsidiary of the Volkswagen Group, plan to introduce a completely new manufacturing process in its battery cell production plants in Europe and Northern America. The new technology will significantly boost efficiency and sustainability in volume battery cell production. Based in Salzgitter, Niedersachsen, the battery company aims to industrialise the so-called ‘Dry Coating’… Continue reading Volkswagen’s battery division develops pathbreaking technology for cell production

Castrol, Mahindra Insurance Brokers announce alliance for Castrol Auto Service Workshop

Castrol India, a lubricant firm, has signed an agreement with insurance brokerage firm Mahindra Insurance Brokers (MIBL), for vehicle insurance policies. Castrol Auto Service (CAS) workshops will now have an option to empanel themselves as POSPs (Point of Sale Persons) for distribution of eligible insurance policies from the country’s leading motor insurance providers through MIBL.… Continue reading Castrol, Mahindra Insurance Brokers announce alliance for Castrol Auto Service Workshop

CBITA writes fifth petition to the parliamentary standing committee regarding FAME subsidy

In the fifth petition to the parliamentary standing committee regarding the FAME subsidy, the Centre for Business, Industry and Trade Advocacy has stated that MHI’s actions have resulted in the ‘shrinking of mass-market EVs and a spurt in sales of premium segment E-bikes.’ “The result of the coercive and non-linear actions of MHI since the… Continue reading CBITA writes fifth petition to the parliamentary standing committee regarding FAME subsidy

CBITA writes fifth petition to the parliamentary standing committee regarding FAME subsidy

In the fifth petition to the parliamentary standing committee regarding the FAME subsidy, the Centre for Business, Industry and Trade Advocacy has stated that MHI’s actions have resulted in the ‘shrinking of mass-market EVs and a spurt in sales of premium segment E-bikes.’ “The result of the coercive and non-linear actions of MHI since the… Continue reading CBITA writes fifth petition to the parliamentary standing committee regarding FAME subsidy

TVS Eurogrip targets Latin American markets, displays latest portfolio at tyre expo

TVS Eurogrip, which manufactures, markets and also exports tyres for two- and three-wheeler tyres, and off-highway machinery, is targeting demand and potential in Latin America. The company displayed its latest range of tyres at the Latin Tyre & Auto Parts Expo, held from June 14-16 in Panama. The Latin Tyre & Auto Parts Expo is the… Continue reading TVS Eurogrip targets Latin American markets, displays latest portfolio at tyre expo

Ola Electric’s long-term loan tie-ups to cushion FAME II subsidy price hike

In order to compensate for the total cost increase brought on by the FAME II subsidy change, the maker of S1 Pro, Ola Electric has teamed up with IDFC First Bank and L&T Financial Services to offer two-wheeler loans at 6.99% with an extended term of 5 years. The company plans to reduce the cost of loans… Continue reading Ola Electric’s long-term loan tie-ups to cushion FAME II subsidy price hike

Ola Electric’s long-term loan tie-ups to cushion FAME II subsidy price hike

In order to compensate for the total cost increase brought on by the FAME II subsidy change, the maker of S1 Pro, Ola Electric has teamed up with IDFC First Bank and L&T Financial Services to offer two-wheeler loans at 6.99% with an extended term of 5 years. The company plans to reduce the cost of loans… Continue reading Ola Electric’s long-term loan tie-ups to cushion FAME II subsidy price hike

Ola Electric’s long-term loan tie-ups to cushion FAME II subsidy price hike

In order to compensate for the total cost increase brought on by the FAME II subsidy change, the maker of S1 Pro, Ola Electric has teamed up with IDFC First Bank and L&T Financial Services to offer two-wheeler loans at 6.99% with an extended term of 5 years. The company plans to reduce the cost of loans… Continue reading Ola Electric’s long-term loan tie-ups to cushion FAME II subsidy price hike

Companies stare at tough times ahead with the reduction in FAME incentives and a delay in disbursement of PLI Scheme

It was good times just a few weeks ago for the electric 2W industry in India. E2w sales saw a record volume of 1,05,000 units last month, zipping past the 100,000 mark for the first time. The average run rate for electric two-wheelers, which was around 80,000 units in March is soon going to be… Continue reading Companies stare at tough times ahead with the reduction in FAME incentives and a delay in disbursement of PLI Scheme