Amid growing energy needs, India is trying to encourage electric vehicle production to cut greenhouse gas emissions and reduce reliance on fossil fuel imports.
SoftBank-backed Indian e-scooter maker Ola Electric is considering bidding for mining rights for lithium blocks being auctioned by the Indian government.
Ola Electric Interest In Lithium Mining: "Ola has shown interest and has put forward lots of queries around land acquisition and discovery of other minerals alongside lithium in the blocks," one of the sources said.
Birla Tyres: The chairman and MD of Himadri Chemicals, Anurag Choudhary pointed out that in the next year, its passenger radial will hit the market along with other products. Choudhury also indicated that rather than going for original equipment tie-ups with automobile manufacturers it would now concentrate on the high-margin replacement market.
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