The government of India’s ambitious production linked incentive (PLI) schemes for semiconductors and ACC batteries will trigger an annual investment of Rs one lakh crore in manufacturing capex from FY24, rising to Rs 1.7 lakh crore by FY26, said the rating agency ICRA. The Indian Government’s PLI scheme supports Make in India and helps… Continue reading India’s PLI capex to surge to Rs 1,70,000 crore annually by FY26: ICRA
Category: US Motoring Press
Fiat commits to keeping cars small in EV shift
Fiat is committed to a future line-up focused on small cars, despite other manufacturers withdrawing from the market – and company boss Olivier François has suggested Ford’s decision to axe the Ford Fiesta presents an “opportunity”. The Italian firm is beginning an overhaul of its European line-up as it shifts to becoming an all-electric brand. It… Continue reading Fiat commits to keeping cars small in EV shift
Lidl opens first cut-price EV charging station in France
Supermarket giant Lidl plans to reshape electric car charging, as it has the retail sector, after opening its first own-brand electric car charging station in France. The site, near Lyon, offers 360kW charging at a competitive €0.40 (35p) per kWh. BMW– and Ford-backed Ionity charges €0.69 (60p) per kWh to charge at 350kW in France.… Continue reading Lidl opens first cut-price EV charging station in France
Piaggio opens new production facility in Indonesia
The Piaggio Group has inaugurated a new production facility in Jakarta, the capital of Indonesia, a market of growing importance for the Italian automaker. Built on a 55,000 square metre site, the new factory is located in the Cikarang district of West Java. “The new plant in Indonesia sees the Piaggio Group take another stride forward in the strategic… Continue reading Piaggio opens new production facility in Indonesia
India and Sweden join forces for a carbon-neutral tomorrow
Green goals, sustainable business practices and climate-friendly initiatives received a further impetus as India’s long-term trade partner Sweden launched the India-Sweden Green Transition Partnership (ISGTP) as part of the Indian Sweden Sustainability and Green Transition Day event today in Mumbai. The launch symbolises the two countries’ joint commitment to promote exchange of carbon-neutral business practices… Continue reading India and Sweden join forces for a carbon-neutral tomorrow
Branded Content: Marelli India’s new Technical R&D Centre in Bengaluru
Global Tier-1 giant Marelli is embarking on a new growth journey in India with a brand-new Technical R&D Centre commissioned in the country’s software capital – Bengaluru. Marelli India’s new facility will focus on innovating end-to-end products such as integrated cockpit solutions for cars as well as high-power compute units and large, edge-to-edge displays. The… Continue reading Branded Content: Marelli India’s new Technical R&D Centre in Bengaluru
Quiklyz signs MOUs with five last mile mobility players to deliver 1,000 electric three wheelers
Quiklyz signs MOUs with five last mile mobility players to deliver 1,000 electric three wheelers Quiklyz, the vehicle leasing and subscription business of Mahindra & Mahindra Financial Services (Mahindra Finance/ MMFSL), has signed memorandums of understanding (MOU) with prominent Last Mile Mobility players for leasing over 1,000 electric three-wheelers. Quiklyz plans to deliver these leased… Continue reading Quiklyz signs MOUs with five last mile mobility players to deliver 1,000 electric three wheelers
Ather Energy’s second plant at Hosur goes on stream, expands capacity to 400,000 units
Ather Energy’s second plant at Hosur goes on stream, expands capacity to 400,000 units The new plant, which employs 1,600 personnel, is twice the size of the first plant and has two vehicle and three battery lines. Increased automation levels mean assembly times are down by 20 percent. Bengaluru-based electric scooter manufacturer Ather Energy today… Continue reading Ather Energy’s second plant at Hosur goes on stream, expands capacity to 400,000 units
Ather Energy’s second plant at Hosur goes on stream, expands capacity to 400,000 units
Ather Energy’s second plant at Hosur goes on stream, expands capacity to 400,000 units The new plant, which employs 1,600 personnel, is twice the size of the first plant and has two vehicle and three battery lines. Increased automation levels mean assembly times are down by 20 percent. Bengaluru-based electric scooter manufacturer Ather Energy today… Continue reading Ather Energy’s second plant at Hosur goes on stream, expands capacity to 400,000 units
Ather Energy’s second plant at Hosur goes on stream, expands capacity to 400,000 units
Ather Energy’s second plant at Hosur goes on stream, expands capacity to 400,000 units The new plant, which employs 1,600 personnel, is twice the size of the first plant and has two vehicle and three battery lines. Increased automation levels mean assembly times are down by 20 percent. Bengaluru-based electric scooter manufacturer Ather Energy today… Continue reading Ather Energy’s second plant at Hosur goes on stream, expands capacity to 400,000 units