Hyundai Motor India Limited (HMIL) has announced that Tamil Nadu will serve as its “Flagship EV Hub for India,” as the company expands its electric vehicle (EV) manufacturing, localization, charging infrastructure, and skill development initiatives in the state. The company plans to launch two new models from its Chennai facility this year, including its first…
Exide Industries has approved an additional equity investment of Rs 1 billion in Exide Energy Solutions Limited (EESL). This brings its total investment in the wholly owned subsidiary to Rs 37.0223 billion. The new capital will fund the development of EESL’s greenfield lithium-ion cell manufacturing facility in Bengaluru. The first phase of the plant, with…
Mahindra has opened a new manufacturing and battery assembly facility at its Chakan plant, dedicated to producing Electric Origin SUVs. The facility, powered entirely by renewable energy, operates as a water-positive unit within Mahindra’s Chakan manufacturing hub. This development is part of Mahindra’s Rs 45 billion investment from its Rs 160 billion FY22–FY27 investment cycle,…
Chhattisgarh has secured investment proposals worth Rs 151.84 billion from top companies in sectors like semiconductors, electric vehicles (EV), and renewable energy. The highest proposal of Rs 115 billion comes from Renew Power Limited for pump storage and green hydrogen projects. Other notable investments include Rs 16.5 billion from TWI Group for EV kit manufacturing,…