The Indian government recently amended its mining legislation to allow private firms to develop lithium reserves in the Muslim-majority territory to reduce imports from China. The discovery has sparked enthusiasm for electric vehicle production ambitions, but, development several hurdles like potential environmental damage. Meanwhile, India’s Supreme Court next month will start vet petitions challenging the abolition of Jammu and Kashmir’s special autonomy.
Tube Investments Of India Ltd: Tube Investments of India forayed into the electric vehicle business with the acquisition of 65.2% stake in IPLTech Electric Pvt Ltd to become an original equipment manufacturer (OEM) of zero-emission vehicles and participate in the entire productive end of EV spectrum.