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One million units to be manufactured under this JV and sold by 2030
The Indian EV charger market is poised to expand at an impressive CAGR of 46.5% between 2022 and 2030. It is predicted to achieve annual sales of 3.0million units to meet the requirement of chargers to meet the NEV scenario by 2030, with strong push towards type-2 and fast charger installations.
REC Limited signed an MoU with Punjab National Bank (PNB) on Tuesday to jointly explore the possibility to fund the Power Sector and Infrastructure & Logistics Sector projects under the consortium arrangement.
The formal inauguration of four EV chargers (DC-CCS2 and single-gun GB/T chargers) took place on Tuesday.
Chairman and MD of Triton EV Himanshu Patel announced that his company is all set to introduce the 8.5 Tonne EV Truck for India and the Middle East market.
The smarter E India 2024 has now been rescheduled to 21-23 February 2024 from its original schedule of 17-19 January 2024 due to a government event coinciding with the earlier dates.
Vertex Hydrogen is announcing that it is changing its brand to EET Hydrogen and that it intends to move from being a subsidiary of Essar Oil UK (EOUK) to a sister company of EOUK and become a standalone pillar of the Essar Energy Transition (EET) portfolio.
Avaada Foundation (www.avaadafoundation.com), the philanthropic arm of the Avaada Group, continues to make significant strides in its mission to uplift and better society across 15 states in India.
Through the Beawar Transmission Limited SPV, the company will build the Green Energy Corridor project on BOOT (build, own, operate, transfer) basis, for a period of 35 years.
The global solar microinverter market, which achieved a market size of US$270.7 million in 2022, is anticipated to experience substantial growth, reaching US$632.8 million by 2028.
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