1. Home
    2. >
  2. Industry information
Amperia lines up Rs 1,210 crore for Lithium Battery Unit
ThinkStock PhotosAmperia The government received three major investment proposals for new electric vehicle and electric storage policies, two of which were approved last month. Amperia Lithium Battery Manufacturing plans to invest Rs 121 crore in Gowribidanur in nearby Chikkaballapur district to manufacture lithium-ion battery electric vehicles for electric vehicles. The company plans to buy the technology from Singapore. RV Industry Minister Deshpande told The Economic Times that the review of the investment site has been completed and a high-level committee headed by the Prime Minister will formally approve the investment in about a month. He added that the facility will occupy 88 local acres and create 600 jobs. The minister said the government has received three major investment proposals under the new electric vehicle and energy storage policy, including Emperia, two of which were approved last month. The other two projects approved last month are Goldstone Infratech&...
BorgIII
69
May 21, 2024
ASK to set up Rs 100 crore brake pad plant in JV with Brazilian co
Haryana friction material maker ASK Automotive plans to invest Rs 1 billion to set up a plant in partnership with Fras-le, Brazil to manufacture brake pads and linings for commercial vehicles. The two partners today agreed to set up a joint venture, which is expected to be finalized soon. The joint venture will produce brake pads and linings for commercial vehicles (trailers, trucks and buses weighing more than 3.5 tons), he added. It will be produced at a family Fras-le Friction plant called ASK, ASK Automotive said in a statement. The partners said they plan to invest more than Rs 100 crore over the next three years to supply the products to Bangladesh, Nepal and Sri Lanka besides meeting domestic demand. The Brazilian company produces automotive friction materials and is part of the Randon company with a presence in more than 1000 countries. KSS Rathee, Chairman and Managing Director, ASK Automotive “This joint venture will allow our customers to enjoy world-c...
SuzannePulitzer
68
May 21, 2024
Sandhar Technologies, Daeshin Machinery form auto component joint venture
NEW DELHI: Automotive component maker Sandhar Technologies today said it has entered into a joint venture agreement with South Korea’s Daishin Machinery partnership (Daishin Machinery) to manufacture parking brake levers and gears. 50:50 The joint venture will initially receive products or sub-components from Daishin and manufacture and supply to OEMs in India and abroad, the company said in a statement. The joint venture plans to localize components and produce them for Indian OEMs as per mutual agreement, he added. Co-Chairman and Managing Director, Sandhar Technologies Commenting on the tie-up, the company said that it would further strengthen its presence in the Indian automotive support industry. “By expanding our product portfolio, the joint venture will enable us to serve a larger market. We believe that it will represent technological advancement in the automotive components industry and provide the market with the latest technology and innovations.R...
JesseAckerman
115
May 21, 2024
Lohia Auto lines up Rs 100 cr for new production facility
NEW DELHI: Diversified Lohia Lohia Auto, a part of the Lohia Group, plans to invest Rs. 10 To cope with the growing demand for its products, Rs. 100 crore has been set up for a new manufacturing facility by 2021. The company also plans to double its electric vehicle portfolio to around 20 times Auto Industries, which has a wide range of models including Lohia. Ayush Lohia told PTI: “We plan to invest Rs 1 billion to set up a new manufacturing facility by 2021, which is expected to be completed by 20211,” he said. establishment of the new manufacturing plant year of completion.” The company added that it is in preliminary discussions with the governments of Telangana, Andhra Pradesh and Maharashtra. The upcoming new plants include power and diesel products. Lohia Auto currently sells a range of two and three-wheeler motorcycles at its Kashipur manufacturing facility with an annual installed capacity of 10,000 units. When asked about the challenges faced by ...
SigridClare
61
May 21, 2024
Tata Motors, Greaves in pact with foreign firms on BS-VI engines
Westport has previously partnered with Tata Motors to develop and launch Tata Motors’ now BS-IV certified natural gas spark ignition engine for commercial vehicles. Mumbai: As the Indian automotive industry prepares to meet the Bharat Requirement 6 Stage I emission standards by the time they come into force in two years, contracts have been signed between Tata Motors and Greavess Cotton with foreign companies for the development and supply of less polluting engines. Tata Motors, India’s largest truck maker, has entered into a partnership with Canada’s Westport Fuel Systems to develop and supply components for a four-six cylinder natural gas spark ignition engine for commercial vehicles. Greaves Cotton, a specialist in small commercial vehicle engines, has partnered with Italian automaker Piagioio to supply BS-VI diesel and alternative fuel engines. The three-wheeler market is expected to face significant challenges in 2020 as emissions regulations become in...
CareyOscar
67
May 21, 2024
Motherson Sumi through subsidiary forms JV with Ossia Inc
The new institutional entity will be located in the United States and supported by the Samvardhanana Motherson Group (SMG) global organization. New Delhi: Automotive components giant Motherson Sumi Systems Limited (MSSL) on Tuesday announced a joint venture with Ossia through its subsidiary Samvardhana Motherson Automotive Systems Group BV. /p Ossia, headquartered in the United States, is the innovator of Cota Real wireless charging technology. Samvardhana Motherson Automotive Systems Group B.V. (SMRPBV), a subsidiary of Motherson’s Innovations Company Limited (MI), will hold a majority stake in the joint venture. The new entity will be located in the United States and supported by the Samvardhanana Motherson Group (SMG) global organization. In addition to the joint venture, MI will invest $14 million for a 4.5% stake in Ossia Inc. Globally, the joint venture will focus on the integration of Cota technology into a variety of non-military passenger, commercial and public...
AlstonThomson
81
May 21, 2024
Exide launches new automotive battery range
Kolkata: Exide Industries Ltd launched its new automotive battery ‘Epiq’ in the Indian market. The new battery range comes with “best-in-class” six-year warranty in the Indian market, the company said in a statement. The new batteries will be manufactured at Exide’s Upper Utilities plant across India and will be sold through 1,500 family premium Exide Care stores. In a press release, the company said, “Epic it is being positioned and targeted at the top price range, but did not provide details on pricing,” adding, “Epic will be a major sub-brand of Exceeed.” Gautam Chatterjee, Managing Director and CEO, Exide “We use world-leading technology to make batteries that will last in India for a long time.” Epiq takes automotive battery technology in India to the next level.” The lead-acid battery manufacturer has also launched various products for different segments of the automotive battery aftermarket. R...
RodneyJoseph
74
May 21, 2024
From smart poles, you can charge electric vehicles
Electric vehicle charging stations will promote the use of electric vehicles. /p (This article was originally published on January 10, 2018.) HUBBALI: If you’re stuck on the road, can you charge your electric car on a pole? How about connecting your device to the Wi-Fi on the pole to browse internet hotspots for free? This is installed in Hubballi-Dharwad 250 smart poles at different locations will offer two additional services. The project will be carried out as a smart city project. S H Naregal, Special Director, Hubballi-Dharwad Smart City Limited (HDSCL), told The Times of India that the cost per poll is expected to be Rs 1 lakh. “Smart poles will be installed on major roads and important places like HDMC etc (Hubballi-Dharwad Municipal Corporation) office, Nrupatunga Betta Among other places more places will be identified for installation of smart poles. It will be carried out under Public-Private Partnership (PPP)-Build-Finance-Operate-Transfer (DBFOT),”...
JoshuaAlick
70
May 21, 2024
Lucas TVS to join electric vehicle lane with traction motors
Automotive electrics manufacturer Lucas TVS plans to launch a traction motor designed specifically for electric vehicles next year, which has a history of 55 TVS The group sees this as a key de-risking strategy for the global transition to electric vehicles. The company will build a pilot line for electric vehicle mobility at one of its seven plants, with room for expansion as needed. We plan to expand it gradually. Traction motors will be used in the growing market for electric rickshaws and electric tricycles. As government regulations and incentives evolve, Lucas TVSS encourages the use of clean technology Product areas relevant to the electric vehicle industry will be evaluated. LucasTVS evaluates product areas relevant to the electric vehicle industry. For four years, the company has focused on the transition to electric vehicle technology as not only a threat to its existing business, but also an opportunity to expand into new areas. The fourth generation of the fam...
AnnaMay
79
May 21, 2024
What auto component makers expect from Union Budget 2018
“The government must put in place clear long-term policies to support the future travel needs of the sector.” NEW DELHI: With just a week to go before the 2018-19 budget, there is growing unrest in the auto component industry compared to the NDA and compared to what was expected in the last budget. In October last year, the Goods and Services Tax (GST) Council discussed a number of Goods and Services Tax (GST)-related issues in its presentation. In particular, small and medium enterprises (SMEs), which account for about 80% of the auto parts industry. The issue raised the threshold for developing a scheme around the compliance burden for SMEs to Rs 10,000 lakhs from the previous threshold of Rs 750 start lakhs. In addition, the top 200 lakh rupees of company turnover will not be subject to Goods and Services Tax (GST), while the next 3 lakh rupees of turnover will be taxed at a flat rate of 1-2%. In addition, companies with an annual turnover of up to Rs 150 milli...
SigridClarissa
64
May 21, 2024
1 … 970 971 972 973 974 … 976
Q&A
Encyclopedia entry
You May Like
Contacts Us:
Tel：WhatsApp +1 (443) 226-3000
email：service@cnauto.vip
User Agreement Privacy Policy Cookie Policy Intellectual Property Protection Policy About us
Copyright © 2021-2025涂多多(青岛)跨境电子商务有限公司All Rights Reserved