EV BATTERY MODI
There is more to EV ecosystem than just auto ancillaries: 7 stocks that don’t come at the first thought but gain equally or more
Even before the stocks of companies which were entering into the electric vehicle ( EV) space got re-rated, it was the auto ancillary which got re-rated as they are expected to be the biggest beneficiary of the changing landscape. But the fact is that there are more companies which play an important part in the development of the EV eco system. For example a specialty chemical company which is a supplier to battery makers. But there are more stocks , which wont come instinctively, because of the fact that we don't think that their products have anything to do with EV, but reality they have a big stake in the system and play a critical role as some of them are producing chemical or products which are currently get imported from China.
Chorus grows for angel tax repeal; policy push for EVs
Startup Inc’s calls to do away with angel tax have found support from the government. This and more in today’s ETtech Top 5.
Tesla unlikely to move forward with India investment, Musk's execs cease contact: Report
Tesla Inc. is unlikely to pursue new investments in India in the near future, sources familiar with the matter said. Following Elon Musk's postponed visit and lack of further communication, Indian officials believe Tesla faces financial constraints. India now focuses on local automakers like Tata Motors and Mahindra & Mahindra to boost its nascent EV market.
India Energy Storage Alliance to bring 'white paper' on sustainable future including renewables
India Energy Storage Alliance to release white paper at IESW 2024 addressing EV, cleantech, green hydrogen, and battery storage challenges, aiming to make India a global cleantech hub.
ET Graphics: What do the Ministers have in hand as they form new Cabinet under PM Modi
By retaining key members from his previous council of ministers, the PM has signaled continuity at the top while also introducing fresh faces. Prime Minister Narendra Modi has taken on additional responsibilities, including the Ministry of Personnel, Public Grievances and Pensions, the Department of Atomic Energy, and the Department of Space.
Mirae Asset Mutual Fund files draft document with Sebi for Nifty EV & New Age Automotive ETF
Mirae Asset Mutual Fund has filed a draft document with SEBI for India's first ETF focused on Electric Vehicles (EV) and New Age Automotive. The fund will track Nifty EV & New Age Automotive Index.
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Not so well known stakeholders of EV ecosystem: 8 stocks that don't come instinctively, 3 with an upside potential of more than 18%
We also have a whole list, but we have separated the eight companies, just because these companies are not the names which one would instinctively think about and probably they may have more to go as they form this index.
FAME 3 likely to be rolled out soon with Rs 10,000 crore outlay
The third edition of the Modi government's FAME scheme, worth Rs 10,000 crore, will focus on electric two-wheelers, three-wheelers, and government buses. The inclusion of electric cars for institutional buyers like taxi aggregators is undecided.
If Modi is re-elected, these sectors will get his most attention
Prime Minister Narendra Modi has pledged to propel India to become the world's third-largest economy if re-elected for a third term. His ambitious 100-day agenda post-election includes prioritizing manufacturing, new-age technology, infrastructure development, and clean energy sectors. The government aims to implement reforms to boost economic growth and attract foreign investment.
Consumers bend the road: No straight drive from ICE to electric
The transition from internal combustion engine (ICE) vehicles to electric vehicles faces challenges as consumers show a preference for hybrids and CNG vehicles over pure EVs. Maruti Suzuki expects significant growth in CNG car sales, signaling a shift towards alternative fuel technologies alongside traditional options.
Elon Musk's Robotaxi dreams plunge Tesla into chaos
Elon Musk's Tesla Inc. faces a tumultuous year with stock plunges, sales decline, and strategic shifts causing chaos. Musk aims for a robotaxi future, scaling back on a mass-market vehicle. Layoffs and internal upheaval follow as Musk asserts wartime CEO mode. Investors and employees are left questioning Tesla's direction amidst regulatory challenges and an uncertain future.
Sour grapes? China thinks Tesla's India biz will be doomed
China has expressed disapproval of Elon Musk's plan to open a Tesla factory in India. The Global Times has predicted challenges for Tesla in the immature Indian market, recommending India to partner with Chinese companies for EV manufacturing.
Why is Elon Musk wooing Modi? A look into Tesla's India prospects
Elon Musk, CEO of Tesla, announced his upcoming meeting with Prime Minister Narendra Modi in India via X. Speculation suggests Musk's visit aims to unveil Tesla's ambitious project, which has been in the works for years. The project is expected to entail significant investment, likely around $2-3 billion, to establish a factory producing entry-level electric cars
India, EU launch initiative for EV start-ups
EU and India launch a matchmaking event for startups in EV Battery Recycling Technologies to enhance circularity and carbon-neutrality. The event promotes sustainable innovation and economic relations, fostering collaborations for a green and circular economy.
Which T will turbo-charge new EV policy? Toyota more than Tesla
Is there enough juice in the fine print to get Elon Musk all charged up about the purchasing power of our billion plus population for his Models 3, Y or even S? With spotty charging infrastructure further tripping up several mega ambitions, perhaps the bigger beneficiary of the electric buzz will be another company whose initials also start with the same alphabet T: Toyota that by doubling down on “headache free” hybrids have made them far more mainstream.
New scheme to boost EV adoption, manufacturing in India: Hanif Qureshi
The Electric Mobility Promotion Scheme (EMPS) aims to boost India's electric vehicle (EV) industry, aligning with Atmanirbhar Bharat (self-reliant India). With an outlay of Rs 500 crore for four months, the scheme targets the adoption and manufacturing of EVs, particularly two-wheelers and three-wheelers, aiming to support 3,72,215 EVs.
India not to tailor policy for Tesla, all global EV makers welcome in India: Piyush Goyal
India is attracting EV players amid Beijing-Washington tensions. The government rolled out production-linked incentives for advanced chemistry cells and components. The UK seeks customs duty concessions on EV exports to India. The Economic Survey 2022-23 estimates India's EV market will create five crore jobs by 2030. Tata Motors is a leading player in passenger EVs.
Ola Electric considers bid for lithium mining rights - sources
Amid growing energy needs, India is trying to encourage electric vehicle production to cut greenhouse gas emissions and reduce reliance on fossil fuel imports.
PM Modi reveals clean cooking plan to drive growth in EV, solar, and battery storage sectors
Prime Minister Narendra Modi has urged the Indian industry to invest in battery research, specifically for solar rooftops and the EV sector. He emphasized on the need to use raw materials available in India and highlights the government's support through schemes like PLI and FAME.
From Mercedes EQG to Suzuki eVX, EVs take centerstage at Bharat Mobility Global Expo
The dominating theme of the expo is electric vehicles. The Mercedes EQG, an electric concept version of the G Class SUV, is set to amaze attendees. Maruti will finally offer an electric car in the Indian market with the Suzuki eVX. The expo also features other electric vehicles from Hyundai, Audi, Porsche, Skoda, Kia, Tata Motors, Hero Moto, and TVS. Companies hope for a special tax regime for electric vehicles, while some companies request relaxation for hybrids.
India Energy Storage Alliance makes case for comprehensive safety guidelines for EV batteries
Reflecting on the challenges faced globally, he underscored the need for comprehensive safety guidelines and heightened awareness. "Safety is something very important, and we at IESA have been focusing on it for the last seven-plus years," Rahul Walawalkar, President of IESA & MD, CES India said.
Will Tesla be able to produce a Rs 20 lakh EV for Indian masses?
The announcement by Musk to manufacture in India is likely to be made in the presence of Prime Minister Narendra Modi at the flagship event, although the government or Musk are yet to make this mega news official.
Local & foreign EV companies will be offered equal incentives: Government officials
Senior government officials in the know told ET that Tesla has sought provisional tariff concessions as a prerequisite for setting up a manufacturing facility in India, but New Delhi is not in favour of any company-specific exemptions.
Tesla about to double its components imports from India: Piyush Goyal
The world's largest electric car producer Tesla Inc's chief Elon Musk met Prime Minister Narendra Modi in June in New York and after the meeting Musk had said that he planned to visit India in 2024.
India to seek bids for $960 million battery production program
In a bold move towards fostering the electric vehicle (EV) ecosystem, India is set to roll out an incentive program with an estimated value of 80 billion rupees ($960 million). Sources familiar with the matter have revealed that the program will invite bids from interested parties, signaling a strategic push towards enhancing the domestic production of electric vehicle batteries.
How Tesla's India entry will disrupt desi tardy electric car market
Elon Musk's Tesla is likely to enter the Indian market next year, as the Prime Minister's Office directs relevant departments to expedite Tesla's investment plans by January 2024. This move marks a significant development for India's automotive sector, the world's third-largest market. Tesla's entry will initially involve fully built-up car imports, sparking discussions about potential advantages from lower import duties for the American company compared to domestic electric car manufacturers.
Honeywell unveils innovative solutions to address EV battery fires
The company said its lithium-ion battery safety sensors help play a crucial role in detecting potential battery fires, which can protect drivers.
Modi’s green push spurs 120% mining stock frenzy in India
Increased appetite for all things linked to the manufacturing of electric-vehicle batteries and other renewables equipment has been a boon for many markets. But in Asia’s third-largest economy, investors are betting those gains have further room to run thanks to Prime Minister Narendra Modi’s goal to reach net zero emissions by 2070.
Tesla proposes building battery storage factory in India
Tesla has been in talks about setting up a new electric vehicle (EV) factory in India to build a car priced around $24,000 for weeks, with discussions overseen directly by Prime Minister Narendra Modi. Its renewables push, however, has not been reported so far.
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