Category: Power

Sun Mobility, an energy infrastructure and services provider for electric mobility, on Thursday said it aims to serve 10 lakh vehicles through its platform by 2025. The company unveiled its SwapX compact battery swapping station at the Auto Expo 2023 here, with an aim to enable individuals to become franchisees as it looks to accelerate […]

Every year, BloombergNEF’s team of analysts pauses to reflect on what’s happened in our industry and make some predictions on what might be in store next. Each year presents its own challenges, and 2023 is no exception, with economic uncertainty riding high, geopolitical tensions rising and the policy landscape shifting. Here are the three things […]

All 7,000 electric buses under the Faster Adoption and Manufacturing of Electric and Hybrid Vehicles in India-II (FAME-II) scheme will run in different cities of the country in the next one year, joint secretary in the Heavy Industries ministry Hanif Qureshi said at the Auto Expo 2023. According to news agency PTI, Qureshi said that […]

GREATER NOIDA, India (Reuters) -Tata group is considering setting up plants in India and Europe to produce battery cells for electric vehicles (EV), the chief financial officer of its auto unit told Reuters in an interview. With total sales of 50,000 electric cars to date, India’s Tata Motors dominates the country’s EV market and has […]

India’s oldest conglomerate, Tata Group, is planning to set up electric vehicle cell-manufacturing operations in Europe as it tries to accelerate its British marque unit’s shift to battery-powered cars. Jaguar Land Rover and Tata Motors will be the anchor customers for the facility, which will also sell battery cells to the wider market, Tata Motors […]

Lenders to bankrupt Reliance Capital today informed the National Company Law Tribunal that the highest bid made by Ahmedabad based Torrent group to acquire Reliance Capital is non-compliant. The lenders, who are planning a second round of auction for Reliance Capital on January 19, are seeking a higher valuation for the bankrupt company after Ahmedabad-based […]

The National Company Law Tribunal (NCLT) on Thursday asked insolvency-bound Reliance Capital’s lenders and administrator to file a response by January 16 on Torrent Investments’ plea to halt their plans to hold a fresh auction for better realisation. Torrent Investments — one of the bidders for the Anil Ambani-promoted Reliance Capital — has offered Rs […]

ONGC Tripura Power Company Ltd (OTPC) has signed a pact to develop battery energy storage project in Assam at an investment of Rs 2,000 crore, the firm said in a statement. The memorandum of understanding (MoU) was signed with Assam Power Distribution Company Limited (APDCL) at Guwahati “to develop battery energy storage system project of […]

NEW DELHI (Reuters) – India will annually invite bids for 8 gigawatt projects each year to the end of 2030 under a new auction process, a government order said. The bidding model has been modified from electronic reverse bidding where the participants reduce their offer price to bag the contracts based on the lowest bid. […]

As the world tries to wean itself off dependence on China for crucial battery materials, India is taking bold steps to position itself as an alternative in the electric vehicle supply chain. The government has unveiled incentives of at least $3.4 billion to expedite its lagging adoption of EVs as Prime Minister Narendra Modi vows […]

All power engineers federation (AIPEF) on Wednesday said it will oppose any government’s move in Uttar Pradesh to issue electricity distribution license to private companies in Noida and Greater Noida. In a statement, AIPEF Chairman Shailendra Dubey said, “Adani Power’s company Adani Jewar Electrical Company Limited has recently applied to the Electricity Regulatory Commission of […]

India may exempt some solar projects from paying duties on equipment imports, according to government and industry sources, to bring renewable-energy capacity additions back on schedule and lower consumer power tariffs. Projects with 30 gigawatts of capacity will benefit, the sources said.