Seven companies, including Reliance Industries (RIL), ACME Cleantech Solutions Pvt Ltd, JSW Neo Energy Ltd and Waaree Energies, have placed their bids – in a second With tround – for manufacturing advanced chemistry cells (ACC) with a capacity of 10 gigawatt hours under the government’s production linked incentive scheme. The last date for filing applications … Read more
The chasm between what Elon Musk says about commercializing self-driving technology and what Tesla Inc. says later in regulatory filings has never been wider. On Wednesday, Tesla released its 10-Q, a quarterly report that provides a more detailed view into the company’s financial position. For several years running, Tesla has provided regular updates in these … Read more
Tesla chief Elon Musk will visit India this month to meet Prime Minister Narendra Modi and is expected to make an announcement related to his plans to invest and open a new factory in the country, two sources with direct knowledge said. The billionaire executive will meet Modi in the week of April 22 in … 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
This was being expected for long but couldn’t happen before as individual businesses were not stabilised and needed to support each other. Finally, given Tata Motors’ (TML) significant turnaround across businesses in the last 2-3 years, it is separating the Commercial Vehicles (CV) and Passenger Vehicles (PV) businesses. all the CV business and its related … Read more
Car wholesales remained strong in February as the industry races to a record 42-lakh-plus mark for first time in a financial year in 2023-24. All top players, including Maruti Suzuki, Tata Motors and Mahindra & Mahindra, despatched healthy numbers to retail outlets as industry inventory remains at moderate level of around a month of sales. … 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