Electric Vehicle - Wire & Cable India
December 22, 2024

Wire & Cable India

Tag : Electric Vehicle

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Government of India Targets 30% EV Sales by 2030

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The Government of India is focusing on building a robust EV ecosystem supported by research, innovation, and infrastructure development. Under the PM E-Drive scheme, the government aims to boost battery technology, recycling, and charging infrastructure. Nov 20, 2024 At FICCI’s National Conference on Electric Vehicles, Union Minister for Heavy Industries......
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India Needs Annual Investments of INR 3 Trillion to Achieve 440GW RE Capacity by 2030

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As per ICRA Limited, in order to achieve an installed renewable energy capacity of 440 GW by 2030, India will need investments of more than INR 3 lakh crore for the next five-six years. Sep 23, 2024 India will need annual investments exceeding INR 3 trillion to achieve an installed......
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Montra Electric & Exponent Energy Partner to Develop 15 Minute Rapid Charging Electric Three-Wheeler

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Montra Electric with Exponent Energy plan to unveil a rapid charging which will boast the ability to achieve a full charge from 0 to 100 percent in a mere 15 minutes. Sep 21, 2023 In an effort to revolutionize the electric vehicle landscape for three-wheelers, Montra Electric, the EV arm......
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Sidbi Sets up ‘Evolve’ Project to Finance 50,000 Electric Vehicles for MSMEs

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Sidbi is planning to finance nearly 50,000 EVs for MSMEs, collaborating with Niti Aayog for technical support, while financial assistance will be provided by World Bank, Korea-World Bank partnership facility and Korean economic development cooperation fund. All financing will be done under a new project called Evolve (Electric Vehicle Operations......
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LS Electric to Kickstart its EV Charging Business

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LS Electric’s expertise in cables for electric power supply and E1’s distribution network will provide the synergy needed for the Electric Vehicle charging business. May 2, 2022 South Korea-based LS Electric Co., Ltd. has added a subsidiary for the new electric vehicle (EV) charging business. The company announced that the......
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Hero Electric Vehicles to Invest Rs 700 Crore in Business Expansion by 2025

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The investment of Rs. 700 crore on a new electric vehicle manufacturing facility with an annual capacity of 10 lakh units will bring in huge opportunities for wire and cable manufacturers in India. July 13, 2021 Hero Electric Vehicles will invest Rs 700 crore by 2025 to rev up its......
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Triton Electric Vehicle to Set up INR 2100 Crore Manufacturing Facility in India

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The investment of INR 2100 crore for ultra-modern electric vehicle manufacturing unit will bring in huge opportunities for wire and cable manufacturers in India. June 25, 2021 Triton Electric Vehicle Pvt. Ltd. has entered into a MoU with the Telangana government for setting up a manufacturing unit for electric vehicles......
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India Electric Vehicles Sales to Grow at 26 Percent by FY23

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The rise in the sale of electric vehicles will bring in huge opportunities for the wire and cable manufacturers — specifically wire harnessing segment and charging cables. June 22, 2021 The recently announced electric vehicle (EV) incentives by India along with high fuel prices will be supporting factors for stronger......
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Motherson Sumi FY22 Capex Steady at Rs 2000 Crore; Scaling Up of EV Business

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Group company Samvardhana Motherson Automotive Systems Group BV (SMRPBV) saw its order book increase to EUR 15.6 billion as of March 31, 2021 from EUR 13.1 billion as of September 30, 2020. The share of pure electric vehicle programs in the order book jumped to 25 percent by the end......
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HUBER+SUHNER Unveils Modular High Voltage Distribution Solution for Electric Vehicles

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The mHVDU offers a multitude of benefits to automotive manufacturers, from validation to international automotive standards and specifications to space, weight and cost savings through its simplified housing design and standardized components. May 1, 2020 HUBER+SUHNER, a leading global supplier of electrical and optical connectivity solutions, has launched its latest......
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