Page 12- Industry Movement News

Venttup strengthens its leadership by appointing Prashanth R. Menon, former Tesla India director, as strategic advisor to drive EV expansion and strategic growth.

German-backed Rocklink India has opened India's first advanced lithium-ion battery and permanent magnet recycling plant in Sikandrabad, Uttar Pradesh.

Amara Raja is set to invest Rs 10,000 crore in lithium cell manufacturing by 2032, aiming to expand India’s EV battery ecosystem and reduce import dependency.

STMicroelectronics has introduced the ST64UWB family, a next-generation UWB chip range designed for ultra-precise ranging, sensing, and secure connectivity across automotive, consumer, and industrial use cases.

Despite surging EV sales in 2026, India grapples with high costs, sparse charging stations, and import-dependent supply chains. Discover hurdles and pathways to sustainable mobility.

Comptech Motocorp has reached a key milestone in its electric scooter expansion, focusing on robust products, advanced battery technology, and improved distribution to serve customers and dealers in smaller Indian cities.

India is moving from incentive-based EV policies to a compliance-driven approach, focusing on clear rules and stronger enforcement. This shift aims to create stability, improve infrastructure, and guide long-term electric vehicle growth.

Horse Powertrain has launched a system that lets automakers use one BEV platform for multiple powertrain types, reducing costs and enabling faster adaptation to market needs. This flexible approach supports both manufacturers and consumers.

Electric vehicle motors often require rare-earth materials, leading to supply and price risks. New designs like induction motors reduce this dependence, benefiting manufacturers, governments, and consumers as EV demand grows.

Agratas, Tata Group’s battery arm, has secured a £380 million grant from the UK government to support its Somerset gigafactory, accelerating EV battery production and strengthening Britain’s clean mobility ambitions.

RideAsia EV 2026 is set to bring together EV manufacturers, startups, and policymakers, showcasing innovation, technology, and collaboration driving India’s electric mobility revolution.

Tata’s massive Rs 91,000 crore semiconductor SEZ in Gujarat marks a major leap for India’s chip manufacturing ambitions, promising large-scale job creation and industrial growth.

Bosch faces margin pressure in 2025 as restructuring and mobility challenges test its long‑term resilience.

Renault announces a major expansion plan for India, targeting seven new models and deep localization by 2030 to meet evolving consumer demands and boost local manufacturing.

India’s leading fuel-tech startup, Nawgati, is close to raising $5.2 million in Series A funding. The investment aims to strengthen its global footprint, scale innovative fueling solutions, and enhance user experiences in connected mobility.