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Industry Updates
Schaeffler India receives Rs 2,700 crore order for its electric axle for EVs
Automotive and industrial parts maker Schaeffler India, part of the Euro 16 million Germany-based Schaeffler Group, has received a Rs 2700 (Euro 300 million) order for its two-in-one electric axles as the supplier transitions to…
Merck Lifescience enters into strategic contract with LP Logiscience, introduces EVs for…
Merck Lifescience has recently signed a strategic contract with LP Logiscience, the warehousing and contract logistic arm of the legendary Liladhar Passo group, which launched its first Electric vehicle for distribution. As part of the…
REC CMD flags off first fleet of Electric vehicles; targets 100% EVs by 2024-25
REC Chairman and Managing Director Vivek Kumar Dewangan flagged off the first fleet of electric staff vehicles in Gurugram.
In a path towards a green future, REC Ltd has set a target of replacement of all conventional staff vehicles…
M&M Welcomes Release of SoP for PLI Auto Scheme
The Ministry of Heavy Industries (MHI), Government of India, has released the Standard Operating Procedure (SOP) for certification of Domestic Value Addition (DVA) under the PLI-Auto Scheme. The Production Linked Incentive (PLI) scheme…
Solar Ladder Raises 11 Crores in Seed Funding from Axilor Ventures, Titan Capital, DeVC, Stride…
Solar Ladder, a supply chain platform for Solar Installation companies announced it has raised 11 Crores in seed funding from Axilor Ventures, Titan Capital, DeVC, Stride Ventures, and angels from Atha Group, NIPHA group, Varun Alagh…
KKR to Invest Additional $250 million in Serentica Renewables
In a move that reinforces its commitment towards Serentica Renwables, Private equity firm KKR has decided to invest an additional $250 million (about Rs 2,044 crore) in Serentica Renewables. This is an additional investment to one that the…
Avaada Energy Wins 560 Mw (Dc) Solar Project
Avaada Energy, an arm of Avaada Group – India's leading integrated energy enterprise with business interests across the energy transition value chain, has won the 560 MW (DC) Solar Project bid in e-Reverse auction conducted by MSEDCL.
…
EKI Energy Services Ltd. is Now Great Place to Work®Certified
EKI Energy Services Ltd (EKI), a leading developer and supplier of carbon credits across the globe, today announced that it has been Great Place to Work®Certified (GPTW) in India, becoming the first top global carbon consulting company to…
ETO Motors in Collaboration with Delhi Metro Deploys 45 Electric 3-Wheelers at Kalkaji Metro Station
In line with India’s net zero pledge and to enable sustainable growth, ETO Motors, India’s leading EMaaS (Electric Mobility as a Service) Company with its unique 360-degree Electric Mobility business model, has launched 45 electric L5…
Havells India Introduces Revolutionary Solid State Circuit Breaker (SSCB) Technology in Association…
Havells India Limited has taken a strategic step towards revolutionizing the Indian electrical industry with its recent commercial agreement signing with Sweden tech start-up BLIXT. By introducing revolutionary solid-state…