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News Updates - Power Today Magazine

News Updates

TUV SUD to launch new testing lab in India
News
  Dec 14, 2021

TUV SUD to launch new testing lab in India

TÜV SÜD laid the foundation stone for a new state-of-the-art facility for testing and certifying electrical, electronic products and medical devices to national and international standards in Bengaluru.

Stellantis to install software on vehicles for higher revenue
News
  Dec 10, 2021

Stellantis to install software on vehicles for higher revenue

Carmaker Stellantis announced a strategy to embed AI-enabled software in 34 million vehicles across its 14 brands, hoping the tech upgrade will bring in $22.6 billion in annual revenue by 2030.

Sodium ion batteries may fast replace lithium-ion batteries
News
  Dec 10, 2021

Sodium ion batteries may fast replace lithium-ion batteries

As the researchers and battery manufacturers are searching for more sustainable replacement materials for lithium, one alternative - sodium offers similar properties and can be used for battery cell manufacturing.

Magenta invests in Axiom to expand charging solutions
News
  Dec 10, 2021

Magenta invests in Axiom to expand charging solutions

Magenta, India’s homegrown integrated Electric Vehicle (EV) charging solutions company, confirmed a significant investment into Axiom Energy Conversion Limited, a leading EV component manufacturer.

Tamil Nadu govt signs MOUs to benefit MSMEs
News
  Dec 10, 2021

Tamil Nadu govt signs MOUs to benefit MSMEs

The Tamil Nadu government on Wednesday announced the signing of memorandum of understandings between Tamil Nadu Industrial Investment Corporation Ltd (TIIC) and Tamil Nadu Small Industries Development Corporation (TANSIDCO) to serve the micro, small and medium industries in the state.

Tata’s chip making plans may get affected by raw materials imports
News
  Dec 09, 2021

Tata’s chip making plans may get affected by raw materials imports

The Tata Groups' plans to set up a USD 300-million semiconductor manufacturing unit on a wartime basis may face headwinds, for the absence of raw materials and its scarce availability outside.

Germany’s LiteAuto to invest in Telangana
News
  Dec 09, 2021

Germany’s LiteAuto to invest in Telangana

LiteAuto GmbH, a German company, will set up an advanced design and manufacturing facility in Telangana with an investment of Rs 1,500 crore.

South Korea’s auto supply chain undergoes restructuring
News
  Dec 09, 2021

South Korea’s auto supply chain undergoes restructuring

South Korea’s auto parts supply chain is rapidly losing competitiveness and manpower due to slow response to faster transition to automated and electric mobility amid lack of financial resources.

India may save Rs 20 trillion by transition to EV
News
  Dec 09, 2021

India may save Rs 20 trillion by transition to EV

Dr Mahendra Nath Pandey, Union Heavy Industries Minister, mentioned that India’s transition to Electric Mobility System can save Rs 20 trillion by 2030 on avoided oil imports alone.

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