Batteries

Addressing the 8th session of the International Solar Alliance (ISA), President Droupadi Murmu said by 2050, India aims not only to meet its clean energy targets but also to become a hub that aggregates global solar demand and drives innovation, manufacturing and knowledge exchange.

Lower GST on renewables to accelerate green projects, but all eyes on input price fluctuations: Industry

The biggest beneficiaries of the GST reduction will be the rooftop solar segment, giving a boost to PM Surya Ghar Muft Bijli Yojana

The risks Exide, Amara Raja face in transition to Li-ion batteries

Over the long term, Li-ion batteries segment could see heightened competition which may put to test the market share enjoyed by both these leaders so far

'China’s rare earth curbs shouldn't impact us, our focus on local battery partnerships," says Ather's CEO Tarun Mehta ahead of IPO

Rare earth magnets are critical for the motors used in electric vehicles, and China is the dominant global supplier.

Cleantech manufacturing gets a boost in Budget 2025

Under cleantech manufacturing, equipment such as solar PV cells, EV batteries, motors and controllers, electrolysers and grid-scale batteries will be promoted, the minister has said

India must focus on solutions like EVs to ensure energy independence: G20 Sherpa Amitabh Kant

Kant also said that transition to low carbon technologies relies hugely on Lithium-ion technologies which are crucial for powering Electric Vehicles and New Energy sectors

Hindustan Zinc plans battery manufacturing partnership with US company: CEO

Misra said that executives from Aesir Tech are invited to India and that the company will help set up a manufacturing facility in the country.

Customs duty waiver on critical minerals like lithium, cobalt for EV battery

Industry players reckon that the move by the Finance Minister is pivotal and will substantially lower the production costs of battery cells, directly translating into more affordable electric vehicles (EVs) for consumers

EV Industry looks for tax rationalisation, sops and subsidies to power up its volumes

While many of them anticipate targeted incentives like FAME 3.0, some are looking for more support for local battery production and innovation, which are critical for the sustainability and cost-effectiveness of EV

Budget 2024: EV Industry counts on incentives, tax rationalisation and funds for infrastructure to reignite volumes

Industry players reckon that the reduction of custom duties on EV components and encouraging R&D in battery technology will further accelerate local production and create jobs.

Toyota and LG Energy sign battery supply agreement to power EVs

The battery maker will invest about $3 billion in its Michigan facility to establish new production lines for battery cells and modules exclusively for the automaker, the completion for which is expected in 2025.

Volkswagen's battery unit PowerCo investor could be big client - CFO

The carmaker plans to meet half its own demand with its battery unit and sell the remaining output to third-party customers.

Siemens acquires Mass-Tech Controls' EV division for Rs 38 crore

Chief Executive Officer Sunil Mathur said that the company shall remain on the lookout to acquire businesses in India to boost its portfolio

No plan to go for sub-Rs 1 lakh electric scooters, says Simple Energy founder & CEO

The company, which recently launched Simple One for Rs 1.45 lakh, is gearing up to launch more e-scooters, an e-motorcycle and an e-car

Apple to use only recycled cobalt in batteries by 2025

Magnets in Apple devices will use recycled rare earth elements, and in-house designed printed circuit boards will use recycled tin soldering and gold plating, the company said.

In a first, Lithium reserve found in Jammu and Kashmir: Vivek Bharadwaj, secretary, ministry of mines

In the coming financial year (2023-24), the government is going to focus on exploration of strategic and critical minerals, including fertilizer minerals.

Budget 2023: FM announces reduction in customs duty; smartphones, TV sets to get cheaper

The basic customs duty rate has been reduced from 21 percent to 13 percent other than textiles, making a host of articles cheaper. Cigarettes to become costlier

Amara Raja-backed Log9 Materials lines up Rs 2,350-crore capex for EV battery ecosystem

The Bangalore-based startup, which specialises in the manufacturing, research and development of nanotechnologies, had started making batteries for electric two- and three-wheelers from December last year and is currently churning out 8,000-10,000 units per year

Govt extends timelines for implementation of new EV testing norms

The government had earlier mandated new EV testing norms from October 1, 2022

Nitin Gadkari: Bottleneck in PLI scheme will be addressed

Nitin Gadkari was speaking on the response so far from across all the sectors for which the scheme had been implemented and whether it had started off according to the government's expectations.

Four firms qualify to avail PLI benefits for advanced chemistry cell battery storage

These firms, the ministry said, will receive incentives under India's Rs 18,100 crore programme to boost local battery cell production.

Nickel prices soar over supply shortage on Ukraine; EV battery output under threat

Exponential rise in nickel prices led London Metal Exchange (LME) to suspend trading in the metal.

Ideas For Profit | Amara Raja and Exide: Is correction an opportunity to buy stocks of battery makers?

Amara Raja Batteries and Exide Industries have corrected 39 percent and 29 percent from their 52-week high, respectively, due to concerns regarding semiconductor shortage which is impacting the demand from OEMs, and commodity-linked cost pressure hurting their profitability. Should you buy the stocks post the fall? Watch this video to find out.

Battery makers hit a soft patch. Good time to look at?

The current stock prices of Amara Raja Batteries and Exide Industries offer a favourable risk-to-reward ratio to investors, given their strong standing

The Green Pivot: New renewable energy targets throw up plenty of investment opportunities in the sector

To achieve net zero by 2070, India’s total installed solar power capacity would need to increase to over 5,600 GW , usage of coal would need to drop by 99 percent by 2060, and consumption of crude oil would need to peak by 2050 and fall by 90 percent between 2050 and 2070.