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Tata, MG offer free charging, battery rentals to lure EV buyers

India, News

India’s leading electric vehicle (EV) manufacturer, Tata Motors, is offering free charging and discounts to attract consumers, while rival MG Motor has launched a pioneering battery rental plan. These efforts aim to address slowing sales growth in the EV market, which currently accounts for 2% of India’s 4.2 million annual car sales. Sales growth has stalled, with analysts pointing to high vehicle prices and insufficient charging infrastructure as key barriers. To combat this, MG Motor…

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Tata Electronics, TCS to develop India’s first domestic semiconductor chips by 2026

India, News

Tata Consultancy Services (TCS) is collaborating with Tata Electronics to introduce India’s first domestically produced semiconductor chips by 2026. Tata Electronics is leading the manufacturing efforts, targeting industries such as automotive, electronics, power, consumer goods, and healthcare. TCS will contribute through semiconductor design, engineering, and related services, including software solutions and IP-based products. The India Semiconductor Mission (ISM) has approved three semiconductor manufacturing facilities, including two led by Tata Electronics: a USD 11-billion chip manufacturing…

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Tata Electronics, ASMPT partner for semiconductor assembly

India, News

Tata Electronics has signed a memorandum of understanding (MoU) with ASMPT Singapore to establish semiconductor assembly equipment infrastructure for its chip packaging units in Assam and Karnataka. This partnership will enhance workforce training, service engineering infrastructure, automation, and R&D in advanced packaging technologies like wirebond, flip chip, and integrated system packaging. ASMPT will support Tata Electronics in preparing for its semiconductor assembly and test facilities in Vemagal, Karnataka, and Jagiroad, Assam while promoting energy and…

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Bangladesh’s Summit Group to renegotiate renewable power deals with India

India, News

Summit Group of Bangladesh plans to renegotiate deals to import renewable power from India following a recent policy change by New Delhi. The new rule allows power generators that previously exported all their electricity to sell locally. This change has prompted Summit to reconsider its investments, as Indian partners may now prefer selling power within India. Summit had signed preliminary deals with Indian firms, including Tata Power Renewable Energy Ltd, to develop 1,000 MW of…

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Maharashtra signs MoUs for 5,630 MW pump storage hydro power projects

India, News

On 12 August 2024, the Maharashtra government’s Water Resources Department (WRD) signed three memoranda of understanding (MoUs) for pump storage hydro power projects with a combined capacity of 5,630 MW. The projects, estimated to cost Rs 246.31 billion, are expected to create 10,300 jobs. WRD, as the nodal agency, signed MoUs with Mahagenco, Tata Power, and Avaada Group. Avaada Group will develop two pumped storage projects totaling 2,750 MW, including the 1,500 MW Pawana-Falyan project…

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Hygenco, Mitsubishi Power partner to advance green hydrogen, ammonia technologies

India, News

Hygenco Green Energies and Mitsubishi Power have signed an MoU to develop and deploy green hydrogen and ammonia-fired gas turbine combined cycle (GTCC) power plants. Hygenco will supply green fuel, while Mitsubishi Power will handle the development and management of production facilities, aiming to scale up green hydrogen for commercial viability. Mitsubishi Power is also working on converting existing GTCC plants from natural gas to hydrogen and ammonia, driving the transition to cleaner energy. This…

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TP Parivart signs PDA with Tata Steel for 70 MW solar plant

India, News

TP Parivart has signed a Power Delivery Agreement (PDA) with Tata Steel for a 70 MW group captive solar power plant in Akola, Maharashtra. The project is expected to generate 154 million units (MUs) of power annually and reduce carbon emissions by 115,000 tonnes. TP Parivart is a subsidiary of Tata Power Renewable Energy (TPREL), itself a subsidiary of Tata Power.

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GE Vernova T&D India quadruples order inflows in Q2 FY25

India, News

GE Vernova T&D India Ltd reported a significant rise in order inflows for Q2 FY25, reaching Rs 46.82 billion, over four times the Rs 10.82 billion recorded in Q2 FY24.  For the first half of FY25 (April-September), orders grew by 173 per cent to Rs 57.11 billion from Rs 20.88 billion in H1 FY24, with domestic orders accounting for 53 per cent. As of September 30, 2024, GE Vernova’s order book stood at Rs 98.36…

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DGTR for anti-dumping duty on certain type of solar glass from China, Vietnam

India, News

The Directorate General of Trade Remedies (DGTR) has proposed an anti-dumping duty on imports of textured tempered glass (TTG), commonly used in solar panels, from China and Vietnam.  This duty, recommended at the lesser of the dumping margin or injury margin, aims to protect the domestic industry from harm due to underpriced imports. The final decision will be made by the Ministry of Finance following a 30-day feedback period and subsequent oral hearings. The DGTR’s…

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KEI Industries completes capacity expansion at Chinchpada and Pathredi plants

India, News

KEI Industries Ltd has completed brownfield capacity expansions at its Chinchpada (Silvassa, Dadra Nagar Haveli, and Daman & Diu) and Pathredi (Rajasthan) cable manufacturing units in the first half (H1) of FY25.  The expansions, fully commissioned between April and September 2024, have increased the company’s low-tension (LT) cable capacity to approximately Rs 9 billion annually. The company invested Rs 3.12 billion in H1 FY25, covering the brownfield projects and the greenfield plant at Sanand in…