Sekisui Chemical to set up sixth injection molding plant in India On June 25, Sekisui Chemical Co., Ltd. (Sekisui Chemical) announced its decision to establish a sixth manufacturing plant in India for its joint venture, Sekisui DLJM Molding Pvt. Ltd., which produces injection molded automotive products. The new facility will be located in Chakan district, Pune, Maharashtra, and is scheduled to commence operations in January 2026. The investme...

News  Updated at: 2025/06/25

Kazam, India raises USD 6.2 million in series B led by IFC to expand EV charging platform On June 24, Kazam, a Bengaluru-based EV energy-tech startup, announced a USD 6.2 million Series B funding round led by the International Finance Corporation (IFC), with participation from Vertex Ventures Southeast Asia & India, Avaana Capital, and Chakra Growth Capital. This round brings Kazam’s total funding to USD 19.2 million. The funds raised will be ...

News  Updated at: 2025/06/25

Wheels India to raise stake in Axles India to 12.51% On June 25, Wheels India Limited announced that its Board of Directors has approved the acquisition of 764,533 equity shares of Axles India Limited from Forge 2000 Private Limited for a total consideration of INR 226.8 million. The transaction is expected to be completed on or before August 31, 2025. Forge 2000 Private Limited is a wholly owned subsidiary of Sundaram Finance Holdings Limited, w...

News  Updated at: 2025/06/25

BatX Energies to build commercial battery recycling facility with Indian government support On June 24, the Technology Development Board (TDB) under the Department of Science & Technology (DST), Government of India, announced financial support to BatX Energies Pvt. Ltd., Gurugram, for its project titled “technologies for generation of battery grade materials and value addition through closed loop.” The initiative aims to commercialize an indi...

News  Updated at: 2025/06/25

EMO.energy, India launches NEXO for last-mile deliveries with solar and smart batteries On June 25, EMO.energy, a Bengaluru-based startup, launched NEXO, a vertically integrated energy ecosystem tailored specifically for the last-mile delivery segment. The solution aims to enhance energy efficiency and reliability for quick-commerce operations by unifying solar energy, battery storage, and fast-charging infrastructure. NEXO integrates solar power...

News  Updated at: 2025/06/25

Indian Government planning rare earth magnet manufacturing scheme On June 24, multiple sources reported that the Minister of Heavy Industries, India stated that the Government is planning a rare earth magnet manufacturing scheme. A final decision is expected within 15 to 20 days. The Ministry of Heavy Industries and the Department of Atomic Energy (DAE) are working to finalize the scheme. Based on multiple sources ...

News  Updated at: 2025/06/24

Neuron Energy, India launches Gen 2 lithium-ion battery packs On June 23, Neuron Energy, in a social media post, announced the launch of Gen 2 lithium-ion battery packs. These packs are designed for electric two-wheelers, three-wheelers, and light commercial vehicles, and will be commercially available across India from July 2025. The packs have improved thermal design, tailored, enhanced structural durability, superior vibration protection, and ...

News  Updated at: 2025/06/24

India launches portal for “Scheme to Promote Manufacturing of Electric Passenger Cars in India” On June 24, the Ministry of Heavy Industries (MHI) announced the portal launch of the application process under the Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI). The application portal will be open for applications from June 24, 2025, and will remain open until October 21, 2025. The Scheme shall help to attract inve...

News  Updated at: 2025/06/24

Setco, India expands into suspension solutions for MHCVs On June 23, Setco Automotive Limited entered into the suspension segment for Medium and Heavy Commercial Vehicles (MHCVs) with the launch of Load Cushion and Torque Rod Bush. It is designed for tough road conditions, and both products enhance ride comfort, vehicle stability, and shock absorption. Made with high-quality rubber and strong rubber-to-metal bonding, they are built for long-lasti...

News  Updated at: 2025/06/24

Tata Motors, India explores new rare earth sources, confirm adequate current stock On June 20, multiple reports confirmed that during Tata Motors' Annual General Meeting, the Chairman of Tata Sons announced Tata Motors currently holds sufficient stock of rare earth magnets. Tata Motors is actively exploring new supply sources and working closely with the government to secure alternative options for these critical materials amid China's export cur...

News  Updated at: 2025/06/23

Samvardhana Motherson, India to acquire remaining 25% stake in Turkish JVs for EUR 3.2 million On June 19, Samvardhana Motherson International Limited (SAMIL) announced that its board of directors has approved the acquisition of the remaining 25% stake in two Turkey-based entities — SMR Plast Met Molds and Tools Turkey Kalip Imalat Anonim Şirketi and SMR Plast Met Automotive Tec Turkey Plastik Imalat Anonim Şirketi — by SMR Automotive Mirro...

News  Updated at: 2025/06/23

Tata Motors, India launches Ace Pro mini truck with gasoline, CNG, and EV options On June 23, Tata Motors launched the all-new Tata Ace Pro, a four-wheel mini truck aimed at the small cargo mobility segment, priced at INR 399,000. The Ace Pro is available in three variants—gasoline, bi-fuel (CNG + gasoline), and electric. The gasoline variant features a 694cc engine delivering 30 bhp and 55 Nm of torque. The electric version is built on Tata Mo...

News  Updated at: 2025/06/23

TVS Motor Company, India launches HLX 150 5G motorcycle in Republic of Congo On June 23, TVS Motor Company launched the all-new HLX 150 5G motorcycle in the Republic of Congo, expanding its HLX portfolio in international markets. The HLX 150 5G continues to be powered by the 150cc eco thrust engine with an integrated oil-cooling technology. Its key new features include an adjustable rear suspension, 18-inch rear alloy wheel, add-on footrests for ...

News  Updated at: 2025/06/23

TCS, India expands SDV capabilities with new automotive centers in Germany and Romania On June 20, Tata Consultancy Services (TCS) announced the expansion of its capabilities in the software-defined vehicles (SDV) segment with the establishment of two new automotive delivery centers in Germany—located in Munich and Villingen-Schwenningen—and a new engineering center in Romania. The German centers will focus on the development and deployment o...

News  Updated at: 2025/06/23

Sharda Motor, India to begin commercial production at new chakan plant On June 21, Sharda Motor Industries Limited (SMIL) announced that it has received the factory license for its new manufacturing facility from the Directorate of Industrial Safety and Health, Government of Maharashtra. The license was issued on June 20, 2025, and the company confirmed that commercial production at the plant will begin on June 23, 2025. Earlier, in May 2024, SMI...

News  Updated at: 2025/06/23

VC) with Egtronics Co. Ltd., South Korea. SAMIL will have 51% shares in JV while Egtronics will have 49%.  The JVC will be consolidated by SAMIL. The new company shall be incorporated with an initial paid-up share capital of INR 500,000. The JV will have its manufacturing operations established in India with global sales (excluding South Korea). The strategic partnership will enable SAMIL, through its Wiring Harness Division, to offer vehicle po...

News  Updated at: 2025/06/20

Revolt Motors, India targets to double its electric motorcycles production capacity by 2026 On June 20, Revolt Motors announced its plans to double its annual production capacity to over 300 thousand units by the end of 2026. As part of its growth strategy, the company will introduce new electric motorcycle models, expand its dealership network to 400 locations, and deepen its presence across South Asia and the Middle East. The announcement also ...

News  Updated at: 2025/06/20

NRB Bearings, India updates about its next-gen components for EV and transmission systems In an investor update, NRB Bearings Limited, a manufacturer of needle and cylindrical roller bearings, highlighted its key product innovations aimed at expanding its presence in advanced mobility and transmission applications. The new developments include a lightweight cylindrical roller bearing (CRB) with special heat treatment for balancer shaft applicatio...

News  Updated at: 2025/06/20

Sandhar Technologies, India sells entire stake in joint ventures with Kwangsung Corporation, South Korea On June 19, Sandhar Technologies Limited announced that it has executed share purchase agreements with Kwangsung Corporation Ltd. of South Korea for the sale of its entire stake in two entities—Kwangsung Sandhar Technologies Private Limited (KSTPL) and its subsidiary Kwangsung Sandhar Automotive Systems Private Limited (KSASPL). As per the a...

News  Updated at: 2025/06/20

Volvo Trucks India launches its first gas-powered truck for mineral transport On June 18, Volvo Trucks India launched its first gas-powered truck for mineral transport – the Volvo FM 420 LNG 4x2 Tractor. Equipped with high-pressure direct injection (HPDI) technology, the truck delivers up to 20% lower CO₂ emissions compared to diesel counterparts, without compromising on power, torque, or uptime. Built on Volvo’s diesel engine platform, the...

News  Updated at: 2025/06/20