2+ mon, 22+ hour ago (383+ words) TVS Indeon Ltd, the 100 per cent subsidiary of the Chennai-based Lucas TVS, is working with global R&D companies to manufacture the latest technology lithium ion battery cells in India. "We have picked the next-generation technology. This has been proved in the lab scale in small pilots, and supplied in smaller quantities to some of the Japanese companies," said TK Balaji, CMD, Lucas TVS. Addressing the Madras Chamber of Commerce and Industry's Chamber Day on Monday, Balaji said electric vehicles have come to stay. In 10-15 years, EV penetration will certainly be much much larger. However, today the entire supply chain is dominated by China not only in the cells but the entire ecosystem, including raw materials, he said. "So, the question came to us as to what do we do? It's easy to go to a Chinese company, have a…...

6+ mon, 1+ week ago (524+ words) In a stock exchange filing, Kolkata-based Himadri Speciality Chemical said this investment in IBC is "a significant milestone" for it, marking the start of the commercial deployment of its LFP Cathode active and anode materials. Himadri Speciality Chemical to acquire 16.24% stake in US-based International Battery Company In a stock exchange filing, Kolkata-based Himadri Speciality Chemical said this investment in IBC is "a significant milestone" for it, marking the start of the commercial deployment of its LFP Cathode active and anode materials. Anurag Choudhary, CMD & CEO, Himadri Speciality Chemical In a major strategic move, Himadri Speciality Chemical, India's largest speciality carbon black maker, on Thursday said its board has approved acquisition of 16.24 per cent stake in US-based lithium-ion cells maker International Battery Company (IBC) for a cash consideration of around "37.47 crore. "Through this alliance, Himadri also gains strategic access to IBC's…...

9+ hour, 37+ min ago (301+ words) Mahindra & Mahindra plans to stick to its strategy of offering premium and differentiated vehicles, comprising internal combustion engine-powered SUVs and electric vehicles, in order to further strengthen its presence in the domestic passenger vehicle segment, according to a top company executive. The Mumbai-based auto major has no immediate plans to introduce CNG and other alternate fuel technologies in its product range as it wants to stick to its core brand identity and cater to a customer base which seeks differentiated products. "Our focus has been ICE and electric, and we are fairly growing in these areas. In our personal vehicle portfolio, the customers want to have differentiated products; they do not want to be in the mass market," Mahindra & Mahindra President - Automotive Business R Velusamy told PTI in an interaction. He noted that the company remains firmly focussed…...

3+ mon, 2+ week ago (601+ words) The development of public charging infrastructure will play a vital role in faster adoption of electric vehicles as driving range anxiety has emerged as a deterrent to customers to accept an EV as a primary car in a household, according to a senior Maruti Suzuki India executive. The sales of electric passenger vehicles in the domestic market have almost doubled, but the overall base still remains small. "Total contribution of EVs is 4.5 per cent (overall PV sales), it has grown from 2.4 per cent to 4.5 per cent. Absolutely, if you see numberwise, growth is 100 per cent. But is it sustainable?" Maruti Suzuki India Senior Executive Officer (Marketing & Sales) Partho Banerjee said in an interaction. Maruti Suzuki is set to introduce its first electric model - e-VITARA this fiscal. Banerjee stated that the segment is not witnessing adequate growth as customers do…...

5+ mon, 2+ week ago (428+ words) Over 200 domestic passenger car manufacturers and international electric vehicle players are expected to participate in the upcoming India Energy Storage Week (IESW), scheduled for next month. Industry body India Energy Storage Alliance (IESA) is hosting the 11th edition of IESW from July 8 to July 10, at the Yashobhoomi Convention and Expo Centre in New Delhi, a statement said. IESW 2025 is projected to attract over 200 domestic passenger car manufacturers and international electric vehicle (EV) makers to bolster India's vision of becoming a global manufacturing hub, according to the statement. India is making significant strides in positioning itself as one of the world's largest electric three-wheelers (e-3W) markets. In a remarkably short period, it has become a major player in the electric two-wheeler (e-2W) market. This achievement has been fuelled by transformative government policies such as the PLI Auto, PLI ACC, FAME and PM e-Drive, which…...

11+ mon, 3+ week ago (270+ words) By the end of 2024, HMIL aims to have over 50 DC fast public charging stations operational, spanning highways, cities and dealerships....

6+ mon, 1+ week ago (492+ words) In a stock exchange filing, Himadri Speciality Chemical said this proposed investment in IBC is "a significant milestone" for it, marking the start of the commercial deployment of its LFP Cathode active and anode materials Himadri Speciality Chemical to acquire 16.24% stake in US-based International Battery Company In a stock exchange filing, Himadri Speciality Chemical said this proposed investment in IBC is "a significant milestone" for it, marking the start of the commercial deployment of its LFP Cathode active and anode materials India's largest speciality carbon black maker, Himadri Speciality Chemical, on Thursday said its board has approved acquisition of 16.24 per cent stake in US-based lithium-ion batteries maker International Battery Company (IBC) for a cash consideration of around "37.47 crore. In a stock exchange filing, Kolkata-based Himadri Speciality Chemical said this proposed investment in IBC is "a significant milestone" for it, marking…...

7+ mon, 6+ day ago (326+ words) India's evolving electric vehicle policy aims to attract global manufacturers, aligning with 'Make in India' initiative. India open to change its electric vehicle policy to attract global companies May work on tariff rates keeping in mind bilateral trade agreement with the US: Govt sources India is open to changing its electric vehicle (EV) policy " the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI) " subject to final tariffs on imported cars as this scheme is based on customs duties. However, it will be tweaked once the final tariff rates are decided under the bilateral trade agreement (BTA), government sources told businessline. The scheme was announced on March 15, 2024, but hasn't taken off yet, as it is still in drafting the guidelines. The official also added that the scheme is in the final stages and the Ministry of Heavy Industries…...

1+ week, 5+ day ago (337+ words) Jeremy Ranjan Ghose, President, TCG Group and Additional Director, TCG CREST board The Chatterjee Group may consider taking up commercial production of indigenous sodium-ion batteries, focusing on manufacturing the cells, the battery's core component. Notably, scientists at the Research Institute for Sustainable Energy (RISE) under TCG-CREST, set up by the Purnendu Chatterjee-led Group, have recently developed an indigenous sodium-ion (Na-ion) high-speed charging battery. Made entirely from India-sourced materials, the sodium-ion battery charges up to 94 per cent in just five minutes and delivers an energy density of around 180 watt-hour per kg, comparable to leading lithium-iron phosphate batteries. "If all goes according to plan, the prototype could be ready for industrial-scale deployment within two'three years, depending on how quickly the domestic supply chain develops. Investment in commercial rollout could reach $10'12 billion," Jeremy Ranjan Ghose, President of TCG Group and Additional Director on…...

5+ mon, 2+ week ago (377+ words) Murugappa Group's Montra Electric to export cargo vehicles, targeting $1 billion revenue, with focus on last-mile mobility and product customization. Montra Electric to begin exports in FY26 Eyes 34 overseas markets, said Jalaj Gupta, CEO, Montra Electric (from left to right) Saju Nair, CEO, Small Commercial Vehicles; Roy Kurian, Business Head, Last Mile Mobility, Montra Electric; Jalaj Gupta, Managing Director, TI Clean Mobility Private Ltd; Balakrishnan, Head Engineering , Last Mile, Montra Electric; Himanshu Aggarwal, National Sales & Service Head, Last Mile, Montra Electric; and Arun Vinayak, co-founder, Exponent Energy, at the launch of Montra Electric Super Cargo in Bengaluru on Wednesday Murugappa Group's Montra Electric plans to begin exports this fiscal, starting with its cargo vehicle segment. "By the end of this financial year, we expect to have a presence in at least three to four countries," said Jalaj Gupta, CEO. The company will…...