Sminu Jindal, Managing Director, Jindal SAW: “According to the 2011 census, over 2.21 percent of the Indian population and, globally, 16 percent of the world population consists of persons with disabilities. The Government’s focus on social inclusivity in development and increase in infrastructure spending by 11.1 percent have given us much-needed encouragement to promote accessible infrastructure in India. We hope that in the coming years, all new development projects will adopt the universal design guidelines and build homes, public buildings, and spaces that are truly accessible for all."
Neuron Energy, an electric vehicle (EV) battery manufacturer, has completed its Series A funding round, raising Rs 20 Crores from strategic investors, including the Chona Family and Capri Global Family Office.
This innovative design has been patented and approved by the Automotive Research Association of India (ARAI). As part of this partnership, Neuron Energy will supply 1000 custom-designed battery packs to Hexall Motors over the next year, starting from June 2024, the company said.
Mumbai-Neuron Energy Pvt Ltd., a manufacturer of lithium-ion batteries for electric two-wheelers and three-wheelers, has announced a strategic partnership with Hexall Motors Pvt Ltd., a motor vehicle manufacture in Noida. This collaboration in EV industry, unveiling Hexall Motors' innovative L5 vehicle with a unique double front wheel design.
In a groundbreaking move, Neuron Energy and Urja Mobility are introducing a battery leasing model for e-rickshaws in Kolkata. CEO Pratik Kamdar aims to revolutionize the electric vehicle sector by offering lithium-ion batteries on lease rather than purchase. The plan is to replace lead-acid batteries with eco-friendly alternatives, starting with a fleet of 50 lakh e-rickshaws.
On the streets of Kolkata and surrounding areas, e-rickshaws, popularly known as 'toto', are set to be powered by lithium-ion batteries with the rolling out of a battery leasing model, officials said on Sunday. Neuron Energy, a lithium-ion battery maker, has joined hands with Urja Mobility to spearhead the leasing model which has so far been heard only in the business-to-business EV sector, they said.
Neuron Energy, a pioneer in sustainable energy solutions, will showcase its latest advancements in battery technology at the Bharat Mobility Expo 2024, to be held from February 1 to 3 at Pragati Maidan, New Delhi
The electric vehicle industry in India is seeing a new wave of stakeholders trying to do their bit to accelerate adoption of the green vehicles. The Finance Minister Nirmala Sitharaman while did not explicitly mention any new policies for the EV segment in India, but stated the focus on EV charging ecosystem which will create new earning opportunities. Industry stakeholders share their perspective on the same.
Budget 2024 corporate reactions LIVE updates: Union Finance Minister Nirmala Sitharaman carrying the Budget tablet at the Ministry of Finance leaving for the Parliament to present the country's interim Budget 2024, in New Delhi on Thursday. Union Minister of State for Finance Pankaj Chaudhary, Dr. Bhagwat Kishanrao Karad and the Finance team also seen. (ANI Photo/Shrikant Singh) (Shrikant Singh)
The budget announcement on supporting the development of an ecosystem for electric vehicles (EVs) could boost employment as well as entrepreneurship opportunities in the green mobility sector, said industry executives and staffing companies.
Budget 2024: One of the experts said his expectations extend to the implementation of standardized protocols as he believes such measures will significantly augment the overall efficiency of EV infrastructure.
Finance Minister Nirmala Sitharaman tabled the Interim Union Budget 2024-25 in Parliament today. This was the current government’s last budget ahead of 2024 Lok Sabha polls and FM Sitharaman’s sixth overall.
In a significant move towards sustainable energy, the government introduced a rooftop solarization initiative, aiming to provide one crore households with up to 300 units of free electricity per month. This program aligns with the Prime Minister’s vision, declared on the historic day of the consecration of the Ram Mandir in Ayodhya. Anticipated benefits encompass annual savings of fifteen to eighteen thousand rupees for households, electric vehicle charging, entrepreneurship opportunities for vendors, and employment prospects for youth skilled in manufacturing, installation, and maintenance.
As the Indian Electric Vehicle (EV) industry accelerates towards a sustainable future, the stakeholders are keenly watching the horizon of Union Budget 2024 for crucial policy and financial signals. This anticipation revolves around the potential extension of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) II scheme and the unveiling of the eagerly awaited FAME III initiative.
The stakeholders in the EV segment feel that the Interim Budget focused on key sectors and one of the promising ones is Electric Vehicles (EV). The initiatives will enhance and fortify the EV ecosystem by bolstering manufacturing and charging infrastructure.
Budget 2024 Expectations: The Indian EV sector is eagerly awaiting the upcoming Union Budget 2024, hoping for a slew of measures that will accelerate its growth. India has the potential to become a global hub for EV manufacturing. The industry is expecting tax breaks, subsidies, and other incentives to attract investments in EV manufacturing facilities.
Budget 2024: The rapidly growing electric vehicle (EV) industry is expecting a reduction in the goods and services tax (GST) rate on components and an extension of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) subsidy scheme in the Budget 2024.
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