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EIM and Paradeep Parivahan commence deployment of electric heavy-duty trucks for UltraTech Cement
Energy In Motion (EIM) and Paradeep Parivahan (PPL) have commenced the deployment of approximately 45 EIM Ashwa 4x2, 55-tonne electric heavy-duty vehicles for UltraTech Cement.
Ather CEO says its factories are working near full capacity to meet the demand explosion
The demand for electric vehicles in India has exploded as petrol prices surged. The CEO of Ather Energy, third biggest by market share, says he's preparing for operating factories at more than 100% capacity in the coming weeks.
BofA sees FY27 earnings growth slowing to 8.5%; capex outlook stays strong
Amish Shah, Head of India Research at Bank of America Global Research, said higher commodity prices, the West Asia conflict and rising inflation could put pressure on growth and earnings in the first half of FY27. However, he believes the government is unlikely to reduce capital expenditure despite fiscal concerns. Shah also highlighted long-term opportunities in sectors linked to energy security, electric vehicles, defence, AI investments and data centres.
Electrification, renewable energy and data centres growth drivers: Hitachi
Hitachi Energy India is set to inject Rs 2,000 crore into expanding its manufacturing capabilities, driven by the surging demand for power from electric vehicles, renewable energy sources and data centers. This initiative positions the company at the forefront of Asia's second-largest economy, anticipating significant growth opportunities.
Honda to drive in over 10 new models by 2030
Honda is set to introduce more than ten new models in India. This includes sports utility vehicles with petrol, hybrid, and electric powertrains. The company will launch its first electric vehicle in the latter half of the current financial year. Compact and mid-sized SUVs are also planned, with local manufacturing. India is a key market for Honda's future growth.
Adani Power vs. Green vs. Energy: Why mutual funds are betting billions on this electrification trio
Indian mutual funds are significantly increasing their stakes in Adani Power, Adani Green Energy, and Adani Energy Solutions. This strategic shift indicates a strong conviction in India's electrification drive. These companies are seen as key players in meeting the nation's growing demand for electricity driven by data centers, electric vehicles, and manufacturing.
Global headwinds put electric bike companies on price hike path
Electric two-wheeler companies are feeling the pinch. Rising raw material prices and supply chain issues are impacting profits. Companies like Bajaj Auto, Hero MotoCorp, and Ather Energy are warning of price increases. Demand for AI infrastructure is also affecting the supply of crucial components. Consumers may see higher prices for electric vehicles soon.
Petroleum Ministry says fuel, LPG stocks adequate amid global supply disruptions; urges citizens to conserve energy
India's Petroleum Ministry confirms stable fuel supplies despite global energy challenges. Crude oil inventories are secure, refineries operate at peak capacity, and no fuel shortages are reported nationwide. The government urges citizens to conserve fuel by using public transport, carpooling, and opting for electric vehicles. These measures aim to ease the nation's economic burden and reduce import dependence.
South Asia battles fuel crunch amid Iran war fallout
South Asian nations are taking action to combat an energy crisis. Countries like India, Pakistan, Bangladesh, Nepal, Sri Lanka, and Maldives are introducing various measures. These include fuel price adjustments, reduced consumption, and shifts towards electric vehicles. The aim is to manage dwindling supplies and rising costs impacting millions.