21 Jul 2022 Tata Motors signs MoU for Ford India’s Sanand plant The Gujarat government has given its green light to Tata Motors to take over Ford India’s passenger car plant in Sanand. The company would continue to enjoy the incentives that were extended to Ford India.
21 Jul 2022 M&M to invest Rs 15,300 crore to fortify position in auto, farm eqpt and Evs Mahindra and Mahindra (M&M) will incur a capital expenditure of Rs 15,300 crore in the auto, farm equipment, and electric vehicle (EV) businesses over 2022-24. Of this, it has already pumped in Rs 3,200 crore in FY22, while the remaining Rs 12,100 crore will be invested during FY23 and FY24.
21 Jul 2022 Bounce Infinity ties with BPCL for battery swapping infrastructure Bounce Infinity has partnered with Bharat Petroleum Corporation (BPCL) for setting up battery swapping infrastructure at fuel stations of the public sector oil major.
21 Jul 2022 Attero to spend Rs 100 crore over 5 years on battery recycling Attero Recycling is planning to invest Rs 100 crore over five years to build lithium-ion battery recycling plants in Europe, the US and Indonesia, as demand for the metal surges amid the global shift to electric cars.
16 Jun 2022 Adani Airports raises $250 mn for airports development Adani Airport Holdings (AAHL) raised $250 million for the development of airports. The facility has an option of raising another $200 million.
16 Jun 2022 Yogi govt to sign MoU with AAI for five airports The Airport Authority of India (AAI) would look after the maintenance and development of five airports of Uttar Pradesh.
16 Jun 2022 World Bank approves $47 million for India's Mission Karmayogi program The World Bank has approved a $47 million project to support the Government of India's Mission Karmayogi, a national program to build civil service capacity. The Project is aligned with the India Country Partnership Framework (CPF) FY18-22
16 Jun 2022 Exide starts battery plant production in Gujarat Indian battery maker Exide Industries and joint venture partner Switzerland's Leclanche SA have begun mass production at the nation's largest lithium-ion battery plant in the western state of Gujarat.
16 Jun 2022 Dastur Energy to set up blue hydrogen unit with Coal India Dastur Energy has given a presentation to the Ministry of Coal for setting up a blue hydrogen plant with Coal India (CIL). The plan is to set up a commercial scale demonstration plant in the East.