Camso is a premium brand in construction equipment tyre and tracks with strong equity and market position in EU and North American aftermarket and OE segments. The acquisition will give CEAT access to 40 global OEMs and broaden its product offering into construction tyres and bias tracks. It’s an all cash deal valued at $225 … Read more
Battery materials manufacturer Epsilon Advanced Materials is planning to set up a Rs 9,000-crore anode plant in Karnataka with an annual production capacity of 90,000 tonne, a top official of the company said. The investment in the plant would be made in two phases. In the first phase, Rs 4,000 crore would be invested and … Read more
Amara Raja Advanced Cell Technologies Private Limited (ARACT), a wholly owned subsidiary of Amara Raja Energy & Mobility Limited (AREM), has signed a Memorandum of Understanding (MoU) with Piaggio Vehicles Private Limited, a 100% Indian subsidiary of the Italian auto giant, Piaggio Group. ARACT will collaborate with Piaggio India to develop and supply LFP (Lithium … Read more
Amara Raja has signed the technical licensing agreement with GIB EnergyX Slovakia, a subsidiary of China-based Gotion High-Tech Co. Gotion Hi-tech has a global EV battery market share of 2.2% and is backed by VW. It’s key customers include Geely, Chery, BAIC, Leap Motors, Chana, and VinFast. As a part of the agreement, GIB will … Read more
Hyundai Motor Company (HMC) and group firm Kia Corporation have signed a Memorandum of Understanding (MOU) with Exide Energy Solutions Ltd (EES) for electric vehicle battery localisation in India. (EES is a wholly-owned subsidiary of Exide Industries. It was established in 2022 to foray into the business of manufacturing Lithium-ion cells, modules and packs incorporating … Read more
Jayadev Galla, Chief of Amara Raja Batteries has been a two-time Member of Parliament for the Telugu Desam Party (TDP). He has announced taking a break from electoral politics to focus on business “without fear of reprisals and attacks”. “It is with a heavy heart that I announce my decision to not contest in the … Read more