According to an analysis done by Kotak Institutional Equities, the PLI scheme for autos provides incentives in the range of 13-18% of sales value to OEMs for manufacturing EVs in India.

It is estimated that over a period of five years, the PLI Scheme for automobile and auto components industry will lead to fresh investment of over Rs 42,500 crore, incremental production of over Rs 2.3 lakh crore

Vitesco Technology announced a step forward on its 800 V technology roadmap. The company has received an order for development and production of 800 V electric traction motor technology in China.

Birla Carbon which is the leading carbon black manufacturer has recently announced that it will enter into the Energy Systems market with its participation at The Battery Show 2021.

E-Ashwa Automotive is the leading EV manufacturer that has achieved a major milestone by gaining more than 200 stores in India on the eve of World EV Day 2021.

Dassault Systèmes announced that Cell Propulsion has chosen the 3DEXPERIENCE platform on cloud to enable collaboration across teams and bridge the gap between design and manufacturing seamlessly.

The companies will initiate a phase-wise implementation to set up 200 charging stations in Bengaluru, 200 in Hyderabad and the rest in Kolkata, Chennai, Delhi NCR, Chandigarh, Pune and Mumbai.

LANXESS has developed a new concept for radar sensors with integrated thermal management that will benefit autonomous driving.

Minda Corporation Limited has appointed Ranjit Nambiar as the Chief Executive Officer (CEO) and P.C Jayan as the Chief Technology Officer (CTO) for its Interior Plastic division (IPD) business.