5 EV battery stocks to watch out for potential multibagger returns
2 years, 1 month ago

5 EV battery stocks to watch out for potential multibagger returns

Live Mint  

India is preparing itself to leap forward in the clean energy race. The company has tied up with a world-leading provider of high-quality energy storage solutions to build lithium-ion batteries to cater to India's booming EV market. To know more about the company, check out its financial factsheet and latest financial results. The company's electric vehicle battery manufacturing plant in Gujrat is underway with an investment of over ₹73 bn. Maruti's parent company Suzuki Motor corporation, with its subsidiary SMG, signed a memorandum of understanding with the government of Gujarat to invest ₹104 bn in the manufacturing of EVs and EV batteries in Gujarat.

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Hero Electric partners with Battrixx to develop lithium-ion batteries
2 years, 1 month ago

Hero Electric partners with Battrixx to develop lithium-ion batteries

India Today  

Electric two-wheeler manufacturer Hero Electric has joined hands with battery pack manufacturer Battrixx for developing lithium-ion batteries. The strategic partnership between Hero Electric and Battrixx will focus on the development and manufacturing of advanced cell chemistry battery packs. Hero Electric recently announced that it will set up a new manufacturing facility in Salarpur, Rajasthan, which will be spread over 170 …

EV adoption: India needs to invest over $10 billion to boost cell manufacturing, says new report
2 years, 2 months ago

EV adoption: India needs to invest over $10 billion to boost cell manufacturing, says new report

India Today  

India needs to invest over USD 10 billion to boost cell manufacturing and raw material refining to serve the local demand for lithium-ion batteries by 2030 and create a million jobs, according to a new report by management consulting firm Arthur D. Little. While EV cells are the most critical part of the electric mobility value chain, the Indian EV …

4 ways to play the EV opportunity
3 years, 3 months ago

4 ways to play the EV opportunity

Live Mint  

Electric vehicles are the next big thing. #1 Buying EV makers The most obvious choice would be to select automobile companies which are manufacturing electric vehicles. • Amara Raja Batteries • Exide Industries • Hero MotoCorp • Maruti Suzuki • Tata Chemicals In addition to these, there are also government companies engaging in battery manufacturing. #3 Buying charging infrastructure providers …

India’s scooter EV revolution: Top 3 companies in the race
3 years, 4 months ago

India’s scooter EV revolution: Top 3 companies in the race

Live Mint  

The mobility landscape in India has been evolving swiftly, with electric vehicles being at the forefront of the evolution. This is an interesting data point as India's homegrown two-wheeler majors are fast-tracking their EV plans to capture reasonable market share in the coming years. Alternatively, Bajaj Auto's premium bike brand KTM is also working on a range of electric motorcycles, …

RIL’s mega push in renewables will help create domestic supply chain for EVs
3 years, 5 months ago

RIL’s mega push in renewables will help create domestic supply chain for EVs

Live Mint  

New Delhi: Mukesh Ambani-led Reliance Industries Ltd’s announcement last week to invest in giga factories for advanced chemistry cell battery storage and hydrogen fuel cells is in line with the government's plan to engineer a smooth transition to electric mobility in the coming decade. Chairman Mukesh Ambani, at RIL's recently concluded annual general meeting, said the company will spend ₹60,000 …

Pure EV to Partner With CSIR-CESRI on Indeginizing Lithium-Ion Battery For Electric Vehicles
4 years ago

Pure EV to Partner With CSIR-CESRI on Indeginizing Lithium-Ion Battery For Electric Vehicles

News 18  

IIT Hyderabad-incubated startup Pure EV is collaborating with CSIR-CECRI on indigenizing Lithium-Ion Battery technology for electric vehicles. Pure EV is an electric vehicle vertical of the startup PuREnergy that is engaged in design and development of advanced LIBs manufacturing with core focus on battery thermal management system, hence making it one of the top picks in this mission. Saraswat, Member, …

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