Electric car Tesla may set up manufacturing plants in India, Mexico in 2025

Tesla’s plan to manufacture its affordable electric car priced at $25,000 in India and Mexico could materialise sometime in 2025 or thereafter, with Elon Musk declaring that these models would be produced at its existing factories to utilise their full capacity before investing in new manufacturing lines. The company operates factories in Texas and Fremont […]

Battery stocks’ rally likely to extend in May after $2 billion surge

A rally in India’s battery maker stocks this month looks poised to extend amid optimism over further collaborations with foreign vehicle manufacturers. A rally of 45 per cent has made Exide Industries Ltd. among the top gainers on the broader S&P BSE500 Index in April, after announcing a strategic cooperation to produce lithium iron phosphate […]

India seeks overseas help for lithium processing to avoid relying on China

India is in talks with several countries seeking partnerships for technical help on lithium processing, said four sources familiar with the matter, to bolster its nascent lithium mining and electric vehicle industries and avoid relying on China. India’s Ministry of Mines began discussions with Australia and the United States last year, said the four sources, […]

Macquarie calls off plans to sell renewable energy company Vibrant Energy

Australia’s Macquarie Asset Management has cancelled its plans to divest the renewable energy platform Vibrant Energy due to a discrepancy in valuation during negotiations, as reported by the Economic Times. Previously engaged in discussions with various entities, including Bain Capital, Sun Energy, and Vitol, Vibrant Energy sought an enterprise value of $500 million. According to […]

Nepal aims to export 10,000 MW hydroelectricity to India: President Paudel

The Nepal government has accorded top priority to the development of the hydropower sector and aims to export 10,000 MW of hydropower to India in the next decade, President Ramchandra Paudel said on Thursday. Nepal wants to contribute towards promoting renewable and green energy in our neighbouring market by harnessing its immense hydro-potentiality, said Paudel […]

Hitachi Energy plans India expansion, local ops amid rising power demand

Hitachi Energy is looking to open more global capability centers in India to expand local operations, amid growing energy demand and a push to scale up renewable energy generation in the country. Zurich-based Hitachi Energy, which makes transformers and large-scale power transmitters, operates a GCC in the country, where high power demand has led to […]

India’s first multi-purpose green hydrogen pilot project inaugurated

India’s first multi-purpose green hydrogen pilot project at 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Himachal’s Jhakri was inaugurated on Wednesday, according to Satluj Jal Vidyut Nigam (SJVN) officials. SJVN Chairman and Managing Director Geeta Kapur inaugurated a 20Nm3/hr electrolyzer and 25kW fuel cell capacity-based green hydrogen pilot project, a statement issued here […]