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Varroc, Forsee Power to Form JV for Electric Vehicle Battery Packs
Varroc will acquire a 45 per cent stake in Forsee Power India and exercise management and operational control as the partners develop battery-pack solutions for electric vehicles.Read more
EIM opens electric commercial vehicle complex in Talegaon
Energy in Motion has opened an integrated electric heavy commercial vehicle, battery assembly and testing complex in Talegaon, Pune, as part of its ?10 billion investment in Maharashtra.Read more
Varroc to Acquire 45% in Forsee Power India for Battery-Pack JV
Varroc will acquire a 45 per cent stake in Forsee Power India and take management and operational control, initially targeting battery packs for electric three-wheelers.Read more
Stellantis and Tata Motors Expand Vehicle Technology Partnership
Stellantis, TMPV and TPEM have signed an agreement to expand vehicle technology collaboration, with vehicles to be manufactured in India for more than 50 global markets.Read more
Vimag Labs Opens Jhajjar Plant, Plans Rs 500 mn Manufacturing Facility
Vimag Labs has begun manufacturing at Jhajjar and exported its first batch, marking the start of a phased India expansion with planned investment of around Rs 500 million.Read more
Schneider Electric buys PTC for $22.6 bn to expand industrial software portfolio
Schneider Electric will acquire PTC for $22.6 billion, strengthening its industrial software, AI and digital engineering capabilities. The deal is expected to significantly reshape competition in industrial software.Read more
Ultraviolette Raises $85 Million to Scale EV Manufacturing and Expansion
Ultraviolette has raised $85 million to scale manufacturing, develop next-generation EV platforms and expand internationally, including a planned US entry in 2027.Read more
Danfoss Power Solutions Names Anup Deshmukh MD of India Business
Anup Deshmukh will drive growth and strategy for Danfoss Power Solutions in India, bringing nearly 28 years of operational, commercial and leadership experience.Read more
SDLG India Plans Rs 15 bn Investment, Adds 3,000-Unit Capacity
SDLG India plans to invest Rs 15 billion in India, starting with a Rs 3 billion Gujarat plant with phased capacity of 3,000 units annually.Read more
Ather Partners with Four Institutions to Build EV Talent Pipeline
Ather Energy has partnered with four institutions in Chhatrapati Sambhajinagar to develop EV skills and build a talent pipeline for its expanding manufacturing ecosystem.Read more
