Tag Archives: auto industry

Realising the urgent need to re-think and revisit transport infrastructure and fuel dependency as well as the potential of EVs in doing this, the Indian government has announced plans to make the country a 100% EV nation by 2030. In line with this, in Union Budget 2018, the government allocated $40.5 million towards the development of electric and hybrid vehicles ...

Hindalco Industries Limited is set to invest about Rs. 10,000 cr in its greenfield as well as brownfield projects. It is setting up an automotive sheet finishing plant in China while it will also be expanding its plants in Brazil, China and the US. Novelis Inc, a subsidiary of Hindalco, has made significant investments in recycling facilities in South America ...