The Indian government is set to ramp up its rare earth magnet manufacturing initiative, with plans to increase the scheme’s budget to over ₹50 billion from the earlier ₹13.5 billion…
EV Supply Chain
Bajaj Auto has announced its entry into India’s fast-growing e-rickshaw segment while reporting a 5% year-on-year rise in standalone net profit for the first quarter of FY26. The automaker also…
Vietnamese electric vehicle (EV) manufacturer VinFast has officially opened its first manufacturing facility in India, which represents a major advance in its global expansion. The plant, located in Thoothukudi, Tamil…
In a major boost to India’s electric mobility ecosystem, Denso Corporation, a global leader in automotive components, has announced an investment of ₹250 crore to set up a new electric…
Maharashtra is leading India’s electric mobility revolution, fueled by an ambitious policy framework, significant investments, and a flourishing ecosystem of innovators. With the state’s Electric Vehicle (EV) Policy targeting a…
Folks Motors has announced an ambitious INR 500 crore capital expenditure (CAPEX) investment over the next five years under the Production Linked Incentive (PLI) scheme. This investment is directed towards…
India’s electric mobility sector continues to witness robust growth as EV two-wheeler sales crossed the 1 million mark as of November 2024, for the first time in a calendar year,…
The Indian automotive industry is expected to reach $300 billion in 2030, driven by a fast-growing electric vehicle (EV) sector, according to the India Brand Equity Foundation. The EV trend…
The future of India’s EV supply chain looks promising, providing significant opportunities for growth and transformation. By addressing challenges in raw material sourcing, battery manufacturing, charging infrastructure, and recycling, India…
As the Japanese components manufacturer looks to expand in the electric vehicle market, Apple supplier TDK has teamed up with McLaren Racing in Formula E electric motor racing. The top…