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Servotech partners with Ensmart Power to expand EV charger business in UK

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Servotech Power Systems has announced a collaboration with UK-based Ensmart Power to expand its electric vehicle (EV) charger business in the UK and North America.  The partnership aims to leverage Servotech’s innovative EV charging solutions and Ensmart Power’s expertise in energy storage and distribution to develop a reliable and accessible EV charging infrastructure in these regions. The companies have signed a sole distribution agreement to enhance the distribution of EV chargers, focusing on supporting green…

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Indian auto sector records $1.9 billion in deals in Q3 2024, highest since 2021

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The Indian auto sector saw 32 deals worth $1.9 billion in the July-September 2024 period, marking its highest quarterly activity since Q4 2021, according to a report by Grant Thornton Bharat. This surge highlights the sector’s resilience and investor appeal, driven by three high-value deals worth $300 million. Mergers and acquisitions (M&A) activity included six deals valued at $74 million, reflecting a 20% increase in volumes and 30% growth in value from Q2. Strategic investments…

Key Power Sector News Roundup for September 23, 2024

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CEA Clears Two Hydro Pumped Storage Projects in Maharashtra The Central Electricity Authority (CEA) has approved two hydro pumped storage projects in Maharashtra, the 1,500 MW Bhavali PSP by JSW Energy and the 1,000 MW Bhivpuri PSP by Tata Power, adding 15 GWh of storage. For FY25, 15 hydro PSPs totaling 25,500 MW are planned.   Ministry of Power Issues EV Charging Infrastructure Guidelines for 2024 The Ministry of Power has issued 2024 guidelines for EV…