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The automaker cited rising input costs and inflation as key reasons for the hike. Similarly, Kia India plans a price increase of up to 2%, attributing it to surging commodity costs, unfavorable exchange rates, and higher supply chain expenses.
The primary objective of these subsidiaries is to manufacture and deal in vehicles and components catering to diverse transport and conveyance needs. This includes a focus on leveraging various fuel types, with an emphasis on cleaner, electric energy.
24M, a company founded by MIT professor Yet-Ming Chiang, is revolutionizing energy storage with its innovative battery technology. Their latest development, Eternalyte™, is a transformative electrolyte designed for lithium-metal batteries, promising significant improvements in cycle life and rate capability.
One of the sources stated that JSW is likely to use a single platform on which it can produce at least three mid-sized sport-utility vehicles (SUVs), and that Leapmotor will also engineer the vehicles for the Indian firm.
The two factories' combined investment will reach Rs 6,000 crore.
The multibillion-dollar facility, to be located about 100 miles west of Detroit, is expected to create about 2,500 jobs.
As the Japanese Prime Minister Fumio Kishida is on his two-day visit to India, this MOU was signed in his presence at India-Japan Annual Summit held in New Delhi.
Altigreen is based out of the capital city of Karnataka, Bengaluru. It is into electric vehicle (EV) technology.
He stated that he had asked Tesla's CEO to start the manufacturing process locally and export assembled cars from India. He also suggested that Tesla cars in India should be ‘affordable’ and thus priced at Rs.35 lakhs.
TVS Motor Company on Tuesday, October 5, stated that has signed a memorandum of understanding (MoU) with Tata Power to encourage the widespread implementation of Electric Vehicle Charging Infrastructure (EVCI) across India and extend solar power technologies at select TVS Motor locations.
"Tata Steel plans to invest Rs 3,000 crore in the next three years in Jharkhand with the expansion of capacities of coal and iron ore mines and downstream value-added steel portfolio," Chanakya Choudhary, Vice President - Corporate Services at Tata Steel, told PTI. Choudhary averred Tata Steel was in Jharkhand for the past 114 years and it was home to the steel company.
The company says that it got more reach because of the increased acceptance from B2B and B2C customers and fast-growing channel partners. There was an increase in demand for electric vehicles from smaller towns and cities.
Mahua Acharya, MD and CEO, had said that CESL has aimed to catalyse large scale transformation of the transportation system in India by focusing on accessibility and affordability.
The carmaker will only launch electric vehicle architecture from 2025. For this purpose, Mercedes will be launching three electric-only architectures- MB.EA, AMG.EA and VAN.EA.
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