Dec 05, 2023 Tata Power, Assam Government Sign MoU For EV Charging Tata Power is collaborating with the Assam Government to improve the electric vehicle ecosystem in India. As part of this initiative, Tata Power is expected to deploy a network of 10 advanced EV chargers across 10 locations as a pilot within the city.
Dec 05, 2023 Karnataka expects Rs 15,000 crore new investment in electric vehicle Karnataka being at the forefront to foster the growth of the Electric Vehicle sector has successfully attracted investments of Rs 25,000 crore, spanning the entire value chain. An additional investment of Rs 15,000 crore is expected to flow towards research and development in the sector.
Dec 05, 2023 PMI Electro Mobility gets Rs 250 crore investment PMI Electro Mobility Solutions has received a strategic investment of Rs 250 crore from Piramal Alternatives, the fund management business of the Piramal Group to bolster its green mobility initiatives. The investment has been made through the Performing Credit Fund (PCF), a sector-agnostic fund of PiramalAlternatives,that caters to the capital needs of mid-market companies.
Dec 05, 2023 Matter to raise up to $200 million to expand operations Gujarat-based electric two-wheeler maker Matter Group is looking to raise up to $200 million in funds over the next two years to expand operations and set up a factory that will roll out a million motorcycles.
Dec 05, 2023 Gogoro inks pact with HPCL to set-up battery swapping Gogoro has signed an initial pact with HPCL to set-up battery swapping stations across the country in the coming years. As part of the collaboration, Gogoro will develop a broad battery swapping infrastructure for electric two-wheelers, as it will roll out battery swapping stations across HPCL’s retail outlets throughout the country.
Dec 05, 2023 Servotech Power to develop e-chargers, rectifier units Servotech Power Systems (SPSL) has inked an agreement with IIT-Roorkee to develop onboard e-chargers for battery-operated two-, three- and fourwheelers. Another pact with the premier institute aims to develop rectifier units that find applications through imports.
Dec 05, 2023 Foxconn buys land in Telangana for Rs 126 crore A unit of Foxconn, Apple’s biggest supplier, has bought more than half a million square yards of land from a Telangana state agency in a deal valued at around Rs 126 crore. Stamp duty registration documents shared by Propstack showed Chang Yi Interconnect Technology (India) will invest Rs 58.24 crore in manufacturing consumer electronics and components by 2027.
Dec 05, 2023 Lotte planning to invest Rs 550 crore in India Lotte Confectionary is expanding its presence in India’s ice cream market..The company is considering investing Rs 550 crore over five years to boost the production of Havmor Ice Cream. Lotte acquired the Ahmedabad based Havmor Ice Cream for Rs 1,020 crore and has been trying to upgrade its facilities, systems, and staff since the acquisition.
Dec 05, 2023 Hindustan Foods to invest Rs 100 crore in sports shoes Hindustan Foods announced its plans to invest up to Rs 100 crore to set up, acquire and invest in the area of sports shoe manufacturing. This strategic move marks a significant bet on the thriving sports shoes space in India. The company has a factory located in Kundli, Haryana and is currently manufacturing the entire portfolio of sports shoes and sneakers.