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Caution EV startups, funding to hit speed bump ahead but investors hopeful of returning to normalcy

By : Sustainability ..., Jun 16, 2020

Even as the government has taken measures to support the targets projected for the incipient electric vehicle (EV) segment in the country, the startups in the EV space are likely to face challenges around fundraising, at least for the short term, according to experts. India...

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MG Motor to increase investment in EVs from 2022

By : Sustainability ..., Jun 3, 2020

MG Motors India Pvt Ltd, one of the new entrants in the domestic market, plans to increase its investment in the electric vehicle space in India from 2022. The company expects economy to return to normalcy in a couple of years and feels such zero emission vehicles will get a...

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Plans for first lithium plant in India forges ahead

By : Sustainability ..., May 6, 2020

Plans for India’s first lithium refinery are forging ahead after Neometals Ltd. and Manikaran Power Ltd approved a feasibility study for a project that aims to supply a nation set to become the fourth-largest electric-vehicle market by 2040. The refinery will have a proposed...

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Nitish Kumar asks officials to prepare comprehensive policy to promote electric vehicles in Bihar

By : Sustainability ..., Mar 4, 2020

Bihar CM Nitish Kumar on Tuesday asked officials of five departments to sit together and prepare a comprehensive policy to promote manufacturing and use of electric vehicles in the state. “Senior officials of industries, energy, urban development and housing, transport and...

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Tariff impact to be negligible if utilities invest in EV charging infra

By : Sustainability ..., Feb 26, 2020

Majority of the state public utilities have said that there will be a marginal increase in electricity tariffs if discoms invest in public electric vehicle (EV) charging infrastructure in their respective license areas. While, one state public utility said that tariff could...

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Hero MotoCorp to invest Rs 10,000 crore in 7 years; aims to go carbon neutral by 2030

By : Sustainability ..., Feb 19, 2020

India's largest two-wheeler manufacturer Hero MotoCorp on Tuesday said it plans to invest up to Rs 10,000 crore in the next 5-7 years towards new products, alternate mobility solutions, manufacturing facilities, network expansion and brand building as it aims to hold on to...

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Suzuki JV to invest ₹3,715 crore in second phase of battery venture

By : Sustainability ..., Jan 2, 2020

Japan’s Suzuki Motor Corp. (SMC), Toshiba Corp. and Denso Corp. will jointly invest ₹3,715 crore in the second phase of their battery venture in Gujarat’s Hansalpur, a confidential company presentation showed. The investment, spread over 2021-25, is part of the ₹5,000-crore...

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Hero Electric delays Rs 700 cr investment by a yr after failure of FAME II

By : Sustainability ..., Jan 2, 2020

Leading electric two-wheeler maker Hero Electric has put on hold investment of up to Rs 700 crore by a year with the sector taking a nosedive as FAME II, scheme aimed to promote electric vehicles, has failed to deliver, according to a top company official. Calling for a...

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DAO plans to launch electric two-wheelers in Hyderabad

By : Sustainability ..., Dec 17, 2019

Chinese electric vehicle manufacturer, DAO EVTech, is all set to launch its operations in India by February 2020. The company has started assembling electric two-wheelers at its leased factory in Hyderabad and will start rolling out the vehicles by February. However, 2020-end...

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Hero Electric ties up with Punjab govt for EV infra

By : Sustainability ..., Dec 9, 2019

Electric two-wheeler manufacturer, Hero Electric on Friday has announced its collaboration with the Punjab government to support and develop the EV infrastructure in the state. The company will work in conjunction with the government to attract existing and potential players...

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