Auto Industry Moving Towards Ev
Electric cargo three-wheeler vehicle Greaves Eltra launched: Details here
Greaves Eltra provides a power capability of 9.5 kW at peak performance and also integrates a 10.8 kWh battery pack
 "Electric cargo three-wheeler vehicle Greaves Eltra launched: Details here")
Sona Comstar to invest up to Rs 1,000 cr by FY25 on scaling up capacity
Auto components maker Sona BLW Precision Forgings Ltd (Sona Comstar) plans to invest up to Rs 1,000 crore by FY25 to scale up capacity, majorly for EV business, according to Group CFO Rohit Nanda. The company, a major supplier of systems and components for the electrified and non-electrified powertrain segment to automobile manufacturers, expects revenue from the electric vehicle (EV) segment to account for up to 45 per cent of its total revenue, up from 25 per cent currently. "Over a timeframe of FY23 plus two years -- FY24 and FY25, I will say our expected capex spend will be anywhere between Rs 900 crore to Rs 1,000 crore. A large part of this (around 75 to 80 per cent) is for the EV business," Nanda told PTI. Under the expansion plan, Sona Comstar would set up another plant at Manesar in Haryana for additional differential assembly capacity, he said adding the capacity of the existing facility has been fully utilised. The company had also moved to a new larger facility from a .
 "Sona Comstar to invest up to Rs 1,000 cr by FY25 on scaling up capacity")
PM's word on co-existence of fossil-based cars, EVs gives clarity: Industry
Society of Indian Automobile Manufacturers President Rajan Wadhera said the assurance is completely in-line with SIAM's recommendations that all relevant technologies should co-exist in India
 "PM's word on co-existence of fossil-based cars, EVs gives clarity: Industry")
Auto industry moving towards EV, affordability a challenge: Maruti Chairman
It wouldn't have happened so fast if the govt hadn't pushed that's also a fact: Maruti Chairman
 "Auto industry moving towards EV, affordability a challenge: Maruti Chairman")
