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Lithium battery demand to reach 250-500 GWh in India by FY33

  • October 06, 2023

Source: The Economic Times

EV penetration in India is going to reach 50% by the financial year 2032-33. Provided with constant financial support from the government, battery demand of 250GW could be achieved with incentives of INR 1.8 tn over FY24-28 and an initial capex of USD 30-33 bn. This is stated in the report on ‘EV Batteries: Battle to control EV supply chain’ by Axis Capital.

Tata Motors to reskill 50% staff to transition to EV manufacturing by 2027

  • October 05, 2023

Source: The Hindu

Tata Motors is implementing a multi-pronged strategy to upskill its workforce to be future-ready to transition to the EV landscape. Focusing on capability-building, Tata Motors said it has partnered with educational institutions, and developed curated training modules to address the developmental needs of all employees beginning with shopfloor technicians to line engineers, and plant management. The company said over 57,000 employees are at various stages of training.

National Action Plan for Green Shipping promotes eco-friendly practices: DG of Shipping

  • October 04, 2023

Source: The Economic Times

The National Action Plan for Green Shipping in India aims to promote eco-friendly practices and provide incentives for low-emission ships, according to the Director General of Shipping, Mr Shyam Jagannathan. He highlighted the sector's vision, which includes expanding port capacity, developing clean energy fuel hubs, promoting cruise tourism, and embracing digitalization.

RIL unveils swappable battery for EVs

  • October 04, 2023

Source: The Tribune

Reliance has displayed removable and swappable batteries for EVs that can also be used to power household appliances through an inverter at a renewable energy exhibition

Reliance Industries unveils swappable, multipurpose batteries for EVs

  • October 04, 2023

Source: Business Today

In a move towards adopting clean energy, Reliance Industries Ltd showcased its swappable and multipurpose battery storage technology for electric vehicles (EVs). Reliance displayed removable and swappable batteries for electric vehicles (EVs) that can also be used to power household appliances through an inverter at a renewable energy exhibition.

Sales of alternative fuel vehicles double in three years

  • September 29, 2023

Source: The Economic Times

One in every five cars sold in the country's top metros is electric, hybrid or runs on CNG as the share of alternative powertrains has more than doubled in the last three years amid high petrol and diesel prices. Growing consumer awareness about environmental challenges and improving infrastructure and availability are expected to speed up this trend and carmakers are gearing up to meet the growing demand.

40% electric vehicles sold in India made in Tamil Nadu

  • September 26, 2023

Source: Hindustan Times

Tamil Nadu has become one of the largest manufacturers of electric vehicles (EVs) sold this year, according to the data from Ministry of Road Transport and Highways’ Vahan website. Out of the 1 million EVs sold in India this year, more than 400,000 EVs were manufactured in Tamil Nadu.

India's electric vehicles production to jump 11 times to 9.7 mn by 2028

  • September 25, 2023

Source: ET EnergyWorld

The production of Electric Vehicles (EVs) in India is expected to jump 11 times, reaching 9.7 million by 2027-28 due to factors such as urbanization, high fuel prices, reduced battery costs, concerns over pollution, and government incentives, according to a report. Recently, India crossed the threshold of registering 1 million EVs. The report titled “Charged for Success: India’s EV landscape” was released by the PHD Chamber of Commerce and Industry with the knowledge partner, Avalon Consultancy.

India's electric vehicle sales zoom past 1 million in 2023, shows data

  • September 20, 2023

Source: Business Standard

Electric vehicle (EV) sales in India topped the 1 million mark in less than nine months in 2023, a milestone that took an entire year in 2022. According to data from the Ministry of Road Transport and Highways’ Vahan Dashboard, 1,037,011 EVs were registered with regional transport offices till September 19, accounting for 6.4 per cent of the total automobile sales in the country this year.

Developing sustainable mobility ecosystem in harmony with environment need of the hour: PM Modi

  • September 12, 2023

Source: The Hindu

At the annual convention of the Society of Indian Automobile Manufacturers, the Prime Minister stated that the Indian automobile industry's efforts towards decarbonisation through the introduction of vehicles with a wide range of powertrain technologies are noteworthy.