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CV industry gears up for a challenging tech transition; some bet on only two options for industry and govt investment, ET Auto

In the on-going period of transition to new energy options and propulsion technologies, the commercial vehicle (CV) industry, with its unique business dynamics, is facing diverse challenges. ETAuto spoke to many key players of the Indian CV industry to find out what technology path/s would work for it, and how the Government can devise its policies to help the industry support the country’s decarbonisation journey. Electrification and hydrogen/fuel cell technologies are emerging as the most favoured among many options.

Hero Electric, Okinawa Autotech get clean chit in Fame scheme violation case

The Heavy Industries Ministry had alleged subsidies under the FAME II Scheme were misused, demanding a total of Rs 249 crore from Okinawa Autotech (Rs 116 crore) and Hero Electric (Rs 133 crore) for alleged breaches of PMP norms that discourage use of imported parts in making electric vehicles.

RIL, JSW & 5 others submit bids to set up battery-making units

Pli Scheme: Reliance, JSW Neo Energy and 5 others bid for govt incentives to set up battery manufacturing units, ET Auto

Pli Scheme: The bids for manufacturing facilities with a cumulative capacity of 70 GWh came in response to a global tender issued by the Heavy Industries Ministry on January 24 this year. "The scheme received an overwhelming response from industry as bids received is 7 times the manufacturing capacity of 10 GWh to be awarded," the ministry stated.

Reliance, JSW Neo Energy And 5 Others Bid For Govt Incentives To Set Up Battery Manufacturing Units