Mahanagar Gas ventures into battery cell manufacturing
The foray into battery cell manufacturing will strengthen Mahanagar Gas' position in the evolving energy space, says Ashu Shinghal, managing director of MGL.
The foray into battery cell manufacturing will strengthen Mahanagar Gas' position in the evolving energy space, says Ashu Shinghal, managing director of MGL.
Amara Raja will collaborate with Ather Energy to develop and supply NMC and LFP lithium-ion cells.
Indian Oil is anticipating a rise in demand for batteries for two- and three-wheeler vehicles and energy storage systems in the Indian market
The Aditya Birla Group company plans to invest ₹800 crore to build a new plant near Sambalpur in Odisha.
Electric vehicles contribute 13-15% to Tata Motors' passenger vehicle sales.
Shares of Tata Motors rose 2% in intraday trade on Monday to hit their 52-week high of ₹548.65 apiece on the BSE.
The proposed gigafactory will be set up with an initial investment of around ₹13,000 crore
The report says the country requires up to 903 GWh of energy storage to decarbonise its mobility and power sectors by 2030.
Exide in the process of forming a special purpose vehicle by way of a wholly-owned subsidiary for carrying out its lithium-ion cell manufacturing business.
The EV ecosystem is presenting strategic advantages to electronic waste recyclers and tech entrepreneurs—who would like to capitalise on the rising lithium-ion battery demand.