Hitachi ABB Power Grids India wins Rs 120-crore order
The company has bagged an order from state-run Chittaranjan Locomotive Works to supply transformers for goods and passenger locomotive engines.
BP commits $70m to UK-India green growth fund
The fossil fuel company will become a partner in the fund, which invests in clean energy projects.
Post Covid support required for electric vehicles: FICCI
The industry body has recommended a series of measures including a continuation of FAME II Scheme to 2025, short-term booster incentives for consumers and support for in-house R&D to boost the electric vehicle sector.
India can become electric vehicle manufacturing hub within five years: Nitin Gadkari
The industry needs to cut a dependence on electric vehicle battery imports from China, according to the road transport minister, who said the government is looking to support research into alternatives to lithium-ion technology.
The EV story in post-Covid India
The near-term outlook for electric vehicles (EVs) remains bleak owing to supply and demand headwinds coupled with the expectation of sluggish investment to scale up the support ecosystem.
Tata Power aims to set up 700 EV charging stations this fiscal
Under the brand name EZ Charge, Tata Power has already installed 170 fast and smart-charging points for electric vehicles in more than 20 cities across the country.
NTPC, ONGC sign MoU to set up renewable energy JV
As per the MoU, the state-owned power producer along with the oil and gas producer shall explore setting up of renewable energy projects in India and overseas, and sustainability, storage, e-mobility and ESG (Environmental, Social and Governance) compliant projects.
Globally, electric vehicles show more resilience than conventional cars during Covid-19 shock
EV sales are set to be 1.7 million off because of the economic fallout of the Covid-19 crisis, however analyst BloombergNEF predicts that will be less of a hit than the anticipated fall in sales of conventional cars, increasing the penetration of electric models into the overall market.
India’s electric vehicle component market to grow 22% per year for a decade
The market will be driven by shared-mobility electric car deployment and will see annual growth of up to 61.7% for battery management systems.
Covid-19 can impact electric vehicle demand
Industry body FICCI has recommended an extension of the FAME II Scheme by at least one year to 2023 as it feels change in the consumer behavior can impact the demand for electric vehicles (EVs) in the short term.
