Electrification

The investment plan includes development of a new manufacturing line at the existing Chennai facility, along with a new Noida facility that will be operational by the end of 2025. The manufacturing line at the Chennai facility will be ready by early 2027, the company said.

EV projects of global OEMs cut, R&D spend decelerated in H1: Kotak note

OEMs are faced with pricing pressures and lower profitability of BEVs due to various factors including sub-scale production, said the report.

Honda to invest $65 billion in electrification: CEO Toshihiro Mibe

Honda also aims to reduce EV manufacturing costs by over 30% and plans to bring down battery procurement costs by 20% in North America, Mibe told reporters as part of the company’s update on its business plans.

Why this brokerage dropped PowerGrid, picked Pidilite for its model portfolio

Despite believing PowerGrid to be the best play on India's electrification, Kotak Institutional Equities decided to exit the stock

MC Explains: Govt’s new solar scheme worth Rs 515 crore for tribal areas

Until now, households in the particularly vulnerable tribal groups (PVTGs) have not had proper access to basic infrastructure because of distance, a lack of roads, and digital connectivity. The government's initiative aims to provide these basic facilities at their doorstep.

Bengaluru railway division achieves 100% electrification of broad gauge network

Bengaluru division comprises 1,138.151 km of track network, with 971.151 km in Karnataka, 173 km in Tamil Nadu and 172 km in Andhra Pradesh

The Green Pivot: Sluggish retail E2W sales puncture the hype

Lowering FAME II subsidies is a spoke in the wheel of electrification

Siemens, RVNL consortium secures contract to electrify Mumbai Metro Line 2B

Siemens said its share as part of the consortium is Rs 228 crore and RVNL’s share is Rs 149 crore.

Why is Minda Corp keen on a reluctant Pricol?

Analysts believe Minda is keen on expanding into the instrument-cluster market, which has a huge growth potential in the electrification of mobility. Pricol is the market leader in the product category, particularly in the two-wheeler segment.

14 States, UTs achieve 100% rail network electrification; Karnataka in 25th place

The Union railways ministry has set a December-2023 deadline for 100% electrification of India's rail network.

HDFC Securities initiates coverage on Hitachi Energy with ‘Add’ rating

Hitachi Energy's sustainable energy solutions and products are expected to gain good traction, HDFC Securities said.

Uber urges Delhi government for industry dialogue; seeks parity with delivery cos on electrification mandates, timelines

Uber said it is ready to commit to the same phased electrification mandates including full fleet electrification timelines as suggested for delivery companies.

Tata Motors and Uber sign MoU to launch fleet of 25,000 XPRES-T electric cars

Tata Motors will be aiding Uber in electrifying their services across Delhi-NCR, Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru and Ahmedabad.

TVS Motor shares zoom on news of $350-million likely investment

According to sources familiar with the matter, global investment firms Goldman Sachs, Carlyle, and Abu Dhabi Investment Authority (ADIA) are considering an investment of $300-350 million in TVS Electric Mobility.

Maruti Suzuki: What does the Street think about the auto major's SUV push?

Analysts expect the company's market share to climb by nearly 300 bps in two years

Auto Expo: Tata Motors looks to play across fuel segments

At the expo, Tata Motors also unveiled the first hydrogen-cell-fueled truck concept Prima E5.5. It was among the many new concept vehicles, which use alternative fuel and operate in the CV segment, from the company.

Ola Electric sells 1.5 lakh EV scooters in 2022, eyes expansion in export markets

In 2022 Ola Electric scaled up its premium scooter, the Ola S1, and completed the electrification of the premium scooter market (priced at more than Rs 1,00,000) in 1 year.

82% of Indian Railways’ broad gauge network electrified

As on October 31, 53,470 route kilometre (RKM) of the total 65,141 RKM broad gauge network has been electrified

Macquarie starts $2 billion global battery business in electrification race

Eku Energy, created by the infrastructure giant’s Green Investment Group, has a three gigawatt-hour pipeline of capital expenditure worth $2 billion, and is set to complete its first project in Japan in the next few months.

Why are MFs buying heavily into this expensive auto ancillary?

Funds pumped in Rs 18.9 billion in just one month alone. The positive sentiment around the stock may be explained by the massive EV adoption expected in India

ABB India says customer enquiries have increased, hopeful of private sector capex revival

The company has followed the global strategy of its parent, the Swedish-Swiss engineering multinational ABB, to move away from projects business to products. This has augured well for cash flows and revenue despite COVID-related disruptions, says Sanjeev Sharma, country head and MD, ABB India Ltd.

Renewables the next big opportunity for capital goods, but not without challenges  

Recent order flows into some of the capital goods companies show significant traction from electric vehicles, metro rail, railways, data centres and renewable energy - a major shift away from dependence on fossil fuel power generation and transmission 

Hitachi Energy bags order worth Rs 160 crore to support electrification of rail routes

As the operator of the world's fourth-largest railway network, Indian Railways strives to achieve 100 per cent electrification of broad-gauge routes by 2023.

Toyota commits $70 billion to bolster electrification, shares rally

But the world’s biggest carmaker, which is a relative latecomer to full electric cars, said it expected annual BEVs sales to reach only 3.5 million vehicles by the end of the decade, or around a third of its current vehicle sales.

Nissan Motor say to spend $17.6 billion to accelerate electrification

The company in a press release said it will introduce 23 electrified vehicles by 2030, including 15 electric vehicles (EV). It also said it planned to introduce all solid-state batteries by March 2029.