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Tesla to scout locations for $2-3 billion electric car plant in India
Automotive Industries - Apr 04,2024
Tesla Motors is scouting potential sites in India this month for an electric car manufacturing plant, anticipated to cost $2 billion to $3 billion. The move follows New Delhi's reduced tariffs on .

Cosmic Birla Group to construct EV facility in West Bengal
Automotive Industries - Mar 29,2024
Cosmic Birla Group announces plans to establish an electric two-wheeler production facility in West Bengal, with intentions to expand into electric three-wheelers and cars. Aditya Vikram Birla aims to .

NexGen Energia to invest Rs 1,000 cr for setting up EV unit in J&K
Automotive Industries - Mar 20,2024
Noida-based NexGen Energia plans to invest Rs 1,000 crore in an EV manufacturing unit in Jammu and Kashmir, aiming to support 'Make in India' and self-reliance goals. The company seeks 100 a .

Tata Motors to construct Rs 9000 crore vehicle manufacturing plant in Tamil Nadu
Automotive Industries - Mar 14,2024
Tata Motors signed an MoU with Tamil Nadu to establish a vehicle manufacturing facility, investing ₹9000 crore over five years, potentially creating 5,000 jobs. Exchanged in the presence of Tamil Na .

Aerpace Industries’ arm enters into MoU with Wenzel DesignTec GmbH
Automotive Industries - Mar 13,2024
Aerpace Supercars, a subsidiary of Aerpace Industries, partners with Wenzel DesignTec GmbH, a German milling machine manufacturer, aiming to enhance design capabilities for eco-friendly electric mobil .

Donear announces Rs 400 crore investments in Jammu carpets unit
Automotive Industries - Mar 12,2024
Donear, known for fabric production, ventures into home textiles with a Rs 400 crore investment in a carpets and rugs unit in Jammu, as stated by Managing Director Rajendra Agarwal. Expected to start .

Servotech commits Rs 100 crore to boost EV charger manufacturing
Automotive Industries - Mar 12,2024
Servotech Power Systems plans Rs 100 crore investment in Sonipat, Haryana, for EV charger component manufacturing. Initial capacity: 24,000 power modules, aiming for 2.4 lakh to meet India's grow .

Motovolt Mobility mulls to establish facility in South India
Automotive Industries - Mar 06,2024
Motovolt Mobility, based in Kolkata, will invest Rs 300 crore in its electric vehicle business. It plans to launch an electric motorcycle next year and expand its e-scooter production in South India. .