VinFast launches new EV manufacturing facility in Thoothukudi, Tamil Nadu VinFast, a Vietnam-based electric vehicle manufacturer, opened an assembly plant at the SIPCOT Industrial Park […]
Category: India
The Indian electric vehicle market is growing rapidly. In 2022, sales of electric vehicles in India reached 300,000, up from 130,000 in 2021. The government of India has set a target of achieving 30% electric vehicle sales by 2030.
Kia India risks exclusion from PLI scheme without FY26 investment
Kia India must invest ₹1,400 crore (US$16.38m) in FY26 to stay eligible for the ₹25,938 crore (US$303.5m) production-linked incentive (PLI) scheme for advanced automotive technologies, […]
BYD plans US$10bn EV plant in Hyderabad
China-based electric vehicle maker BYD has planned a US$10bn investment to set up a manufacturing facility in Hyderabad, India, according to a 20 March report […]
Umicore signs pCAM supply deals with CNGR, E&D
Belgium-based battery materials producer Umicore has signed mid-to-long-term supply agreements for precursor cathode active materials (pCAM) with CNGR, a Chinese battery materials company, and Eco&Dream […]
Denmark’s IFU lends US$12.5m to Ecofy for EV, solar finance in India
Ecofy Finance, a green-focused NBFC based in India, has secured a US$12.5m long-term loan from Denmark’s state-owned development finance institution, the Investment Fund for Developing […]
ADB lends US$150m to Shriram Finance for MSME, EV funding
Multilateral lender Asian Development Bank (ADB) has signed a US$150m loan deal with India-based Shriram Finance to fund micro, small and medium-sized enterprises (MSMEs), electric […]
GOI introduces ALMM for solar PV cells to accelerate India’s green energy transition
New Delhi, 27 October 2024: India’s government is set to release an Approved List of Models and Manufacturers (ALMM) for solar photovoltaic (PV) cells, mirroring […]
JSW Group’s Electric Vehicle Initiative: Pioneering Change
MUMBAI, 12 February 2024: JSW Group, led by billionaire Sajjan Jindal, is poised to spearhead a transformative journey in India’s automotive industry. With a colossal […]
Cleaner Air, Lower Costs: FAME III promises big leap in India’s electric bus adoption
NEW DELHI, 4 January 2023: The Indian government is set to bring about a revolutionary transformation in its transportation sector through the Faster Adoption and […]
Amazon now goes green with electric vehicle deliveries in India
MUMBAI, 10 November 2023: Amazon, the global e-commerce giant, has taken a significant step in India by launching its innovative last-mile delivery fleet program using […]