The Ministry of Heavy Industries (MHI) has announced a pre-bid meeting at IFCI Limited in New Delhi, laying the foundation for the second round under the Production Linked Incentive (PLI)…
PLI scheme
In a recent gathering, Union power minister R K Singh announced that the government will bring out another production-linked incentive (PLI) scheme for grid-connected battery to bring down its cost…
Background: In order to become a USD 5 trillion economy and a global economic powerhouse by 2024~25 as envisaged by Prime Minister Narendra Modi in 2019, the Indian economy has…
Indian mobility giant, Mahindra Last Mile Mobility (LMM) has achieved another milestone by becoming No.1 manufacturer of electric 3-wheelers FY’23. LMM recently broke ground on a new production unit at…
Working on the path of making Indian self-reliant, the Ministry of Heavy Industries has decided to move a proposal for a ₹3,000 crore-production linked incentive (PLI) scheme to develop and…
Expressing their views on the next-generation sectors, India Energy Storage Alliance (IESA) has announced to have made a detailed representation to the Union Minister of Finance Nirmala Sitharaman with key…
In order to prevent more EV fire incidents, the Heavy Industries Ministry has brought in several new safety tests that will be mandatory for electric vehicles from 1 April 2023.…
Indian motorcycle brand, Royal Enfield Motors has decided to ramp up its electric vehicle journey by forming a new vertical for the EV business and pumping in significant investments as…
Indian EV maker Ola Electric has announced to launch its first electric car on August 15, coinciding with India’s 75th Independence Day. This day, last year, Ola Electric had launched…
Reenergizing the vehicular market of India with electrification, Ministry of Heavy Industries has recently signed PLI Scheme pacts with Ola Electric, Reliance New Energy Ltd and Rajesh Exports. The pact…