India Requires 13L Charging Stations By 2030: CII Report Updated On Tue, Jul 25th, 2023 by Saurenergy A new report by the Confederation of Indian Industry (CII) on ‘Charging Infrastructure for Electric Vehicles’ claims that India would require around 13 lakh charging stations to cater to the growing electric mobility needs by 2030. It makes a case for the country to install around 4 lakh chargers for EV annually. The industry association […] Read more
Japan’s Proterial Develops Prototype EV Motor Without Neodymium Magnets Updated On Tue, Jul 25th, 2023 by Saurenergy Japanese metal maker Proterial has recently developed a prototype motor for electric vehicles that use magnets that do not contain the rare-earth metal neodymium. Neodymium magnets are the most common type of magnets currently employed in EV motors. However, this rare earth metal is chiefly sourced from China, because of which a stable procurement has […] Read more
As MoUs Worth Lakhs OF Crores Are Announced By PFC, REC, Hopes Rise Updated On Mon, Jul 24th, 2023 by Saurenergy The Central government’s power project financing arms, PFC and its subsidiary REC, have made a slew of green funding announcements recently. In total, the NBFCs Power Finance Corporation Ltd (PFC) and REC Ltd have signed agreements worth ₹5 lakh to fund projects of major green energy firms. While the PFC signed pacts worth ₹2.37 lakh […] Read more
Bharat Benz, Reliance Showcase India’s First Hydrogen Fuel Cell Coach Updated On Sun, Jul 23rd, 2023 by Saurenergy Luxury bus manufacturer Bharat Benz and Reliance Industries recently unveiled India’s first Hydrogen Fuel Cell-driven luxury bus. It was showcased at the recent 14th Clean Energy Ministerial (CEM) at Goa. The recently technology-based automobile solution was developed with the collaboration of the two companies to cater to the needs of inter-city commute. It was […] Read more
9 EV Financing Startups in India Accelerating EV adoption Updated On Fri, Jul 21st, 2023 by Saurenergy The electric vehicle (EV) revolution in India is gaining momentum, driven by technological advancements, environmental consciousness, and government initiatives. With growing awareness of its benefits, electric vehicles (EVs) are emerging as a promising choice for prospective vehicle buyers. In the first half of CY2023, the EV sales crossed the 100,000-unit mark on average each month, […] Read more
Energy Conservation & Demand-Side Management: The Route to Green Future Updated On Fri, Jul 21st, 2023 by Saurenergy By Dwijadas Basak, Chief – Customer Experience, Commercial, Govt. Affairs & Corporate Communication, Tata Power – DDL In an era of rising energy consumption and rapid resource depletion, the promotion of energy conservation and energy-efficient measures has become imperative. Tata Power Delhi Distribution Ltd (Tata Power – DDL) has emerged as a pioneer in this […] Read more
MG Motors Witnesses A 21% Growth In Sales In First Half of 2023 Updated On Fri, Jul 21st, 2023 by Saurenergy British automobile company MG Motors announced selling 29,000 cars in India in the first half of 2023. With this, the firm claimed to have registered a growth of 21 percent on a Year-on-Year (YoY) basis. It was in contrast to the total sales of its cars in the first half of 2022. During the first […] Read more
Olectra Greentech Awards INR 395.12 Cr Contract to Megha Engineering & Infrastructures Ltd Updated On Thu, Jul 20th, 2023 by Saurenergy Hyderabad-based manufacturer of electric buses, Olectra Greentech has awarded a contract for the construction of the greenfield electric vehicle manufacturing facility on 150 acres of the land situated at Seetharampur, Hyderabad, Telangana. The contract has been given to Megha Engineering & Infrastructures Limited (MEIL). MEIL is the ultimate holding company and a related party to […] Read more
Tata Sons To Invest £4bn To Build A 40GW Battery Cell Gigafactory In UK Updated On Thu, Jul 20th, 2023 by Saurenergy Tata Sons, the principal investment holding firm and promoter of Tata companies has now planned to build a 40 Gigawatt (GW) battery cell gigafactory in the United Kingdom (UK). It has also planned to infuse an investment of around £4 billion. The firm said that it would deliver electric mobility and renewable energy storage solutions […] Read more
