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…
PLI scheme
According to Union Minister Nitin Gadkari, the Indian market for electric vehicles is predicted to reach the one crore unit annual sales level by 2030, generating five crore jobs. The…
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)…
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…