After the last five years of steady growth in the electric vehicle market, namely in the two, three, and four-wheeler segments, the industry is seeing a decline in sales in the fiscal year 2020-2021.

Timely intervention by the government in a form of policy change is required to fuel the growth, believes Gill.

Flipkart has committed to 100 per cent electric mobility in its logistics fleet and will deploy more than 25,000 electric vehicles (EVs) by 2030.

With the electric vehicles business at an inflection point and poised to grow exponentially, this realignment will help in providing the requisite resources as well as the direction to realising targeted growth.

With this partnership, the two business entities will exercise SBI’s Contactless Lending Platform technology to ensure uniformity, transparency and a reduced turnaround time in the loan approval process.

The Scrappage Policy announcement is in-line with the government vision to make scrap recycling an organised sector. Ministry of Mines has recently issued National Non-Ferrous Metal Scrap Recycling Framework, 2020 covering key non-ferrous metals like Aluminium, Copper, Zinc and Lead. The framework has been released with an objective to promote formal and well-organised recycling ecosystem, quite similar to the Scrappage Policy.

COGOS plans to bring in at least 30% of its revenue from green technologies by 2023 and this agreement paves the path to reach its sustainable goals.

Speakers - which included Vinnie Mehta (Director General, ACMA), B B Gupta (President Business Head Auto Components, JBM Group), etc - highlighted trends in robotic applications in the manufacturing sector at Robotomation - hosted by German Mechanical Engineering Industry Association (VDMA)

German technology company has been increasing wheel speed sensor production capacity, driven by rising local demand due to India's safety legislations like Anti-lock Braking System (ABS)