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BHEL-LIBCOIN Joint Venture to Build India’s First Li-Ion Gigafactory

The project will bring energy independence by replacing oil imports with abundant renewable. State-run Bharat Heavy Electricals Limited (BHEL) and LIBCOIN (20 percent owned by Magnis Energy Technologies Limited) are in talks to build India’s first Lithium-ion Battery Gigafactory.  In a recent statement, BHEL...

Suzuki Motors Road Testing 50 EVs in India

Suzuki Motors will also aggressively launch hybrid vehicles by getting technical support from Japanese multinational Toyota Motor Corporation Focusing on the Indian electric vehicles (EVs) market, Japanese automotive maker Suzuki Motors said that the company is road testing its 50 EVs in...

22 Indian Startups Bagged $599.73 Mn Investment This Week

SoftBank likely to invest $400 Mn (INR 2,844 Cr) in online baby products retailer FirstCry for more than 40 per cent stake in the company This week, altogether 22 startups raised $599.73 Mn and two startup acquisitions took place in...

Indian Battery Maker SAR Group Plans To Manufacture EV

Livefast Batteries had generated around Rs 1,000 crore revenues last year and is expected to double its revenues. Building on the success of its battery business, Gurugram-based SAR Group is preparing to enter the electric vehicle (EV) manufacturing space, focusing on two-wheelers, and small...

India’s Second Defence Mfg Hub To Come Up In Maharashtra

Ministry of Defence had set a target of making the country among the top five arms exporters by 2025. Nashik in Maharashtra will be the site of the country's second defence innovation hub after Coimbatore in Tamil Nadu, Union Minister...

5G Will Open Up Opportunities For Everyone In Digital Space: Telecom Secretary

Industry players believe that the 5G auction should be deferred for now given the financial stress burdening the sector. The rise of 5G services in the Indian market will bring about a paradigm shift and open up more opportunities for...

India’s Defence Export May Cross Rs 10,000 Crores By End Of FY19

Since the government liberalised Foreign Direct Investment in the defence sector, nearly Rs 4,000 crore of FDI has come in this sector. India's defence export is likely to double to Rs 10,000 crore by the end of the current financial...

Hyundai Invests Rs 7,000 crores For Manufacturing Electric Cars In India

The latest investment is expected to increase the plant’s capacity by 1 lakh units per annum. Hyundai Motors is set to invest Rs 7,000 cr in its Sriperumpudur facility near Chennai to expand the production capacity. The company is expected...

Solar Pump Testing & Research Lab Coming Up At TERI

The test facility will be capable of testing solar water pumping systems and other solar products in compliance with Bureau of Indian Standards guidelines and international standards. India’s sustainable development think tank The Energy and Resources Institute (TERI) has signed an...

Mahindra Electric Launches NEMO App For EV Charging & More

The app has been launched with the aim of making mobility – clean, connected and convenient. Mahindra Electric has launched a new smartphone application called NEMO Life for electric vehicles in India. NEMO – NExt-generation MObile – applications coincides with the...

BHEL to Install Solar-Powered EV Charging Stations Along Delhi-Chandigarh Highway

The initiative will help tackle the rising vehicular pollution in India and even reduce the country’s dependence on fossil fuel imports. Electric vehicle (EV) adoption is set to increase in India with the continuous efforts of the government as well...

Kerala Could Become A Defence Manufacturing Hub: Jayarajan

The defence sector is now the ‘sun rise industry’ of the country with huge opportunities for investments. Kerala has accelerated the development of the defence sector by nurturing defence startups and micro, small and medium enterprises (MSMEs) and positioning the state...

Mobile Component Manufacturing Value To Cross Rs 70,000 Crore By March: ICEA

ICEA Chairman Pankaj Mohindroo says industry should now focus on establishing – die-cut parts, mechanics, camera module and connectors which have not taken off so far. India's mobile handset component manufacturing will cross Rs 70,000 crore in terms of value...

Import of Electronics in India Shrinks 5 Per cent, Brings Down Import Bill

India’s total imports fell from 32 per cent in October 2018 to 26 per cent in December 2018    The government levy of import duty on electronic items seems to be working, with India’s trade deficit in December 2018 falling...

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