Source : PTI | Mumbai: Aluminium producer Hindalco Industries on Tuesday announced its plan to set up a battery foil manufacturing facility at Sambalpur in Odisha with an investment of INR 800 crore to tap the fast-expanding electric vehicle market. The facility, to be commissioned by July 2025, will initially produce 25,000 tonnes of the aluminium foil which forms the backbone of lithium-ion and sodium-ion cells, Hindalco Industries said.

The company also plans to significantly expand its capacity of making fine-quality aluminium foil which is used in rechargeable batteries, Hindalco said in a statement. Continue reading “Hindalco plans INR 800 cr investment to set up battery foil manufacturing unit in Odisha”

Source : PTI | FedEx Express on Tuesday said it has committed a corporate social responsibility grant worth USD 10 million to the IIT-Bombay and IIT-Madras, which would help the two institutions set up a ‘centre of excellence’ each on their campuses. This collaboration reaffirms FedEx’s commitment to advancing technology, leveraging talent, sustainability, and fostering startup growth, the company said in a statement.

“FedEx has committed USD 10 million corporate social responsibility grant to the IIT-Bombay and IIT-Madras. Continue reading “FedEx commits USD 10 million corporate social responsibility grant to IIT-Bombay, IIT-Madras”

Source : PTI | New Delhi: Tata Motors recorded its highest-ever monthly retail sales in November on the back of robust demand for its sports utility vehicles amid the festive period, according to a top company official. In an interaction with PTI, Tata Motors Passenger Vehicles Managing Director Shailesh Chandra said the automaker retailed around 53,000 units in November, which was 8 % higher as compared to October this year and 30 % up as compared to sales in November 2022.

The company also witnessed strong sales performance in the 47 days long festive period this year with registrations of around 79,374 units, up 18 % over the same period of last year. Continue reading “Tata Motors reports highest-ever monthly retail sales in November”

(Reuters) – Nikola founder Trevor Milton should receive around 11 years in prison for defrauding investors in the electric- and hydrogen-powered truck maker, prosecutors in New York said on Tuesday.

Milton was convicted at trial in October 2022 on two counts of wire fraud and one count of securities fraud. Prosecutors said Milton targeted retail investors with false claims about Nikola’s technology starting in 2019. Continue reading “US prosecutors seek 11-year sentence for Nikola founder Trevor Milton”

LONDON, (Reuters) – Global sales of battery electric vehicles (BEV) and plug-in hybrids (PHEV) rose 20% versus a year ago as strong growth in North America and China offset lower sales in Europe, according to market research firm Rho Motion.

Sales of BEVs and PHEVs hit a fresh monthly record of 1.4 million units, up from 1.1 million in November 2022.

“Sales have continued to rise despite a lot of negative sentiment in the market and we’re expecting sales to remain strong in December,” data manager Charles Lester told Reuters. Continue reading “Global EV sales hit new record in November – Rho Motion”

(Reuters) – General Motors (GM.N) and Komatsu (6301.T) said on Tuesday they will jointly develop a hydrogen fuel cell power module for the Japanese construction machinery maker’s 930E electric drive mining truck.

“Mining trucks are among the largest, most capable vehicles used in any industry, and we believe hydrogen fuel cells are best suited to deliver zero emissions’ propulsion to these demanding applications,” Charlie Freese, executive director of Hydrotec, the No.1 U.S. automaker’s fuel cell unit, said in a statement. Continue reading “GM, Komatsu to develop hydrogen fuel cells for electric mining truck”

PARIS, (Reuters) – French carmaker Renault (RENA.PA) will sell a 5% stake in Nissan (7201.T) back to the Japanese group in the first stage of a planned reduction of its holding as the two automakers rebalance their long-standing alliance, both companies said on Tuesday.

The move, which Renault said will reflect a loss on its initial investment of up to 1.5 billion euros ($1.62 billion), will be the first tranche of a series of share sales by Renault to reduce its Nissan stake to 15% from around 43%. Continue reading “Renault to sell 5% of Nissan stake, to book 1.5 billion euro loss”

SEOUL, (Reuters) – Under pressure from clients eager to diversify away from China, South Korean makers of automotive batteries have pledged to develop a more affordable type of battery chemistry favoured by their Chinese rivals.

But LG Energy Solution (LGES) (373220.KS), SK On and Samsung SDI (006400.KS) say it will be hard to go full steam ahead with lithium iron phosphate (LFP) batteries as they can’t yet compete on price, executives and company officials familiar with their business strategies said. Continue reading “South Korean auto battery firms take on Chinese rivals but with trepidation”

WASHINGTON, (Reuters) – Auto dealers will be barred from luring vehicle buyers with promises they do not keep and will not be able to charge junk fees – like a service contract for an oil change for an electric vehicle – under a new rule, the U.S. Federal Trade Commission said on Tuesday.

The rule could fundamentally change how millions of Americans buy vehicles annually by requiring up-front pricing in dealers’ advertising and sales discussions, and bars the sale of add-on products or services that confer no benefit to consumers. Continue reading “US FTC finalizes car-buying rules to rein in junk fees, bait-and-switch”

Reuters

Reuters

By Jacob Gronholt-pedersen

COPENHAGEN, Dec 11 (Reuters) – U.S. carmaker Tesla Inc (TSLA.O) will be urged to respect collective bargaining for its employees in the Nordic region in a joint letter to be sent by a group of pension funds this week, four of the funds said on Monday.

Tesla is facing a backlash from unions and some pension funds in the region over its refusal to accept a demand from Swedish mechanics for collective bargaining rights covering wages and other conditions.

Continue reading “Tesla to be asked by Nordic pension funds to respect collective bargaining”

Source : PTI | New Delhi: There is a need to generate demand for electric vehicles and establish a holistic ecosystem, including charging network, for accelerated growth for the sector, Kinetic Green Founder & CEO Sulajja Firodia Motwani said on Friday. Motwani, who is also the Chairperson of FICCI EV Committee, also emphasised the importance of electrification in achieving the country’s net-zero emission targets.

Speaking at a Ficci event here, Motwani emphasised the need to make EV prices attractive for consumers, and recognise the importance of putting in place a holistic EV ecosystem, including batteries, cells, minerals, and charging stations. Continue reading “Need to generate demand, setup holistic ecosystem for EV growth: Sulajja Firodia Motwani”

Source : PTI | Adani group will spend INR 7 lakh crore in capital expenditure over the next 10 years and its billionaire chairman Gautam Adani has shared some details of the plans which will further consolidate the conglomerate’s position as infrastructure leader in India.

Adani in posts on X, formerly Twitter, has over the last few days detailed ‘green’ initiatives of the investment plan across some verticals of the apples-to-airport conglomerate. Continue reading “Gautam Adani details green elements of INR 7 lakh cr investment planned across verticals”

By Terje Solsvik

PTI

Updated On Dec 8, 2023 at 08:23 AM IST

National highway projects totalling 43,856 kilometres are under construction stage in the country, Parliament was informed on Thursday. These national highways are being constructed at a cost of over INR 9,60,103 crore, Minister for Road, Transport and Highways Nitin Gadkari said in the Lok Sabha.

According to the data shared by the minister, as of October 31, the total length of national highways in the country is about 1,46,145 km against 91,287 km as of March 31, 2014.

Continue reading “National highways totalling 43,856 km under construction stage across India: Gadkari”

PTI

Updated On Dec 8, 2023 at 08:06 AM IST

Electric vehicle total retail sales, including passenger and commercial vehicles vehicles, grew 25.5 per cent to 1,52,606 units in November, according to data released by the Federation of Automobile Dealers Association (FADA) on Thursday.

The e-two-wheeler sales were 18.82 per cent higher at 91,243 units during the previous month from 76,791 units in November 2022.

Continue reading “EV retail sales grow 25.5 pc to 1,52,606 units in November, says FADA”

PTI

Updated On Dec 8, 2023 at 11:40 AM IST

Mumbai: Electric vehicle maker Olectra Greentech on Thursday said it has received an order from Vasai-Virar City Municipal Corporation, Mumbai, for the supply and maintenance of 40 e-buses at a value of INR 62.80 crore. This bus order, valued at INR 62.80 cr, is on an outright sale basis, Olectra Greentech said in a regulatory filing.

“…Olectra Greentech Limited LOA (letter of award) from Vasai Virar City Municipal Corporation, Mumbai for supply and maintenance of 40 electric buses,” the company said in a regulatory filing.

Continue reading “Olectra Greentech receives INR 62.8 cr order for e-bus supply”

Reuters

Reuters

By Nick Carey and Paul Lienert

By Akash Sriram and Hyunjoo Jin

Dec 8 (Reuters) – The angular design of Tesla’s (TSLA.O) Cybertruck has safety experts concerned the electric pickup truck’s stiff stainless-steel exoskeleton could hurt pedestrians and cyclists and damage other vehicles on roads.

Reuters spoke to six safety professors and officials who viewed videos of crash tests conducted by Tesla on its first new vehicle in nearly four years and shown during a webcast delivery event last week.

Continue reading “Tesla Cybertruck’s stiff structure, sharp design raise safety concerns -experts”

PTI Updated: December 07, 2023 22:11 IST

New Delhi, Dec 7 (PTI) A 72-year-old man died in an alleged hit-and-run case near the Greater Kailash-1 area of south Delhi, police said on Thursday.

The police have arrested a 50-year-old man in connection with the death of the elderly victim who has been identified as Ajit Lal Tandon, a resident of GK-1, they added.

Continue reading “Elderly man killed in hit-and-run in south Delhi car driver arrested”

PTI

Tech-enabled EV mobility platform ZEVO on Tuesday unveiled its refrigerated electric vehicle (REV), in collaboration with Machphy Solutions for the temperature-controlled last-mile delivery segment. Under the partnership, the company plans to deploy its REVs across 10 cities in the first year, targeting sectors such as pharmaceutical, quick service restaurant (QSR), seafood, dairy, and FMCG in the temperature-controlled last-mile delivery segment.

The Indian market’s growing demand for frozen goods and pharmaceutical has increased the need for temperature-controlled logistics (TCL), the company said.

Continue reading “Zevo launches refrigerated EV with Machphy Solutions”

By David Shepardson

By David Shepardson

By David Shepardson

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Continue reading “VW India’s Special Support amidst Chennai Floods | MG & JSW JV – A Tech Powerhouse | Maruti’s Debut EV Details | HMSI recalls H’ness Models | India must discourage Sales of Large SUVs | BYD’s Fix to Smear Campaigns | US EV Tax Credits For China irks Biden, China lashes back | 9th IVASS by WAF & more…”

Reuters

By Joe Cash

BEIJING, Dec 7 (Reuters) – China said on Thursday that Biden administration plans to limit Chinese content in batteries eligible for generous electric vehicle tax credits from next year violate international trade norms and will disrupt global supply chains.

The plans will make investors in the U.S. electric vehicle (EV) supply chain ineligible for tax credits should they use more than a trace amount of critical materials from China, or other countries deemed a “Foreign Entity of Concern” (FEOC).

Continue reading “China says Biden plan to shut it out of US battery supply chain violates WTO rules”

PTI

Updated On Dec 5, 2023 at 02:59 PM IST

iPhone vendors Foxconn and Pegatron, and automobile company Hyundai are among the companies that have suspended their manufacturing operations in Tamil Nadu due to cyclonic conditions. Cyclone Michaung wreaked havoc across Chennai and its neighbouring districts, inundating the city, causing disruptions in flights and trains, and startling residents with a video capturing a crocodile crossing a submerged road.

Sources said that several factories in and around Chennai have temporarily suspended operations.

Continue reading “Foxconn, Pegatron, Hyundai suspend operations due to floods, cyclonic conditions in Chennai”

PTI

Updated On Dec 6, 2023 at 07:31 AM IST

New Delhi: With the 5 million metric tonnes installed capacity under the National Green Hydrogen Mission, India can reduce imports of fossil fuel worth INR 1 lakh crore by 2030, Union Minister Singh said on Tuesday. In January 2023, the Union Cabinet approved the National Mission with an outlay of INR 19,744 crore with an aim to make India a global hub for manufacturing this clean source of energy. 

Green hydrogen has the potential to replace fossil fuels including natural gas, either as a source of energy or as a feedstock, thereby contributing to reduction in dependence on import of fossil fuels, the Minister for New and Renewable Energy informed the Rajya Sabha.

Continue reading “Production of 5 MMT green hydrogen can help cut INR 1 lakh cr worth fossil fuel imports: R K Singh”

PTI

Updated On Dec 7, 2023 at 08:13 AM IST

Leading car manufacturer Maruti Suzuki on Wednesday announced that its upcoming electric SUV will be manufactured in Gujarat, and a new plant will be added to the company’s existing manufacturing facility in Hansalpur, nearly 90 km from here.

Suzuki Motor Gujarat Private Ltd (SMG), which runs the car manufacturing plant at Hansalpur, is a wholly-owned subsidiary of Maruti Suzuki and commenced operation in February 2017.

Continue reading “Maruti Suzuki’s first EV will be a top-end SUV with 550 km range, launching next year”

PTI

Updated On Dec 7, 2023 at 09:03 AM IST

The government will take serious note of any report about ill effects of dumping lithium-ion battery waste on the environment and is promoting circular economy for recycling of various waste materials, Road Transport and Highways Minister Nitin Gadkari told Rajya Sabha on Wednesday. The issue of ill effect of lithium-ion battery waste dumping and on workers in manufacturing units of this storage system was raised by Congress member Ranjeet Ranjan during the question hour in the Rajya Sabha.

In a supplementary question, Ranjan stated that there is a research report which highlights the ill effect on the health of workers involved in the process of manufacturing lithium-ion batteries.

Continue reading “Govt to take serious note of any report about dumping of lithium-ion battery waste: Nitin Gadkari”

PTI

Updated On Dec 7, 2023 at 02:23 PM IST

Super luxury car maker Automobili Lamborghini on Wednesday said a strong order book and product portfolio in India will help it register consistent growth in the domestic market. Automobili Lamborghini, which launched its first plug-in hybrid super sports car Revuelto with V12 engine at a starting price of Rs 8.89 crore (ex-showroom) on Wednesday, said almost all its cars to be delivered in India 2024 onwards will be hybrid.

Continue reading “Strong order book will help Lamborghini see steady growth in India: Company official”

The automotive sector has experienced multiple transformations in recent years. These transformations are a result of the challenges faced by modern-day businesses. The latest transformation is the integration of artificial intelligence in aftermarket software. This technological transformation has strengthened and reshaped the automotive industry in addressing modern-day challenges. Continue reading “Overcoming Challenges in the Automotive Sector: AI-Powered Aftermarket Software as the Game Changer”