Kinetic Green and SBI partner to provide finance schemes For E3Ws in North India, ET Auto

The scheme will also cover Kinetic Green’s present and future electric vehicle three-wheeler range, the company said in a media release. Pune: Kinetic Green Energy and Power Solutions Limited, a leading manufacturer of electric two and three-wheelers in India, and State Bank of India (SBI), Chandigarh Circle, have entered a strategic partnership to offer financing…

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Battery of electric two-wheeler explodes while charging in Delhi. Here what causes EV fires and safety tips, ET Auto

Battery fires can originate from various factors, including physical damage resulting from collisions, manufacturing defects, battery malfunctions, workshop repairs, deliberate acts of arson, external fires, or overheating.” The battery of an e-scooter exploded at a shop in south Delhi’s CR Park area, according to reports. Police said the shop owner was charging the two-wheeler battery…

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When will electric vehicles get cheaper? Tata Motors’ Chief Product Officer, Anand Kulkarni, says this, ET Auto

Despite these challenges, Kulkarni provided an optimistic outlook, mentioning that lithium carbonate prices have been gradually decreasing. Electric vehicle battery prices may soon stabilise, and as a result, some EVs would gain parity with ICE vehicles in price, according to Anand Kulkarni, the Chief Product Officer and the Head of High Voltage Programs at Tata…

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Modulus Alternatives infuses INR 105 crore in Shivam Autotech, commits total investment of INR 150 crore, ET Auto

Shivam Autotech, a Hero Group company, is Modulus Alternatives’ 16th investment, thus taking the total invested capital to INR 1,895 crore in the private credit platform, it said. Private credit platform Modulus Alternatives Investment Managers Ltd on Wednesday said it has infused INR 105 crore in transmission gear and shafts maker Shivam Autotech as part…

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India needs growth-focused, radical digitalisation to unleash its potential, says Dilip Sawhney, MD, Rockwell India, ET Auto

Digital twins, like CAD designs and process models, play a vital role in optimizing processes, reducing waste, and accelerating time-to-market. Edited excerpts: Q: Where do you think India lags in digital, smart manufacturing compared to large global manufacturing companies?I want to emphasize the game-changing impact of digital technology on the Indian economy, particularly in manufacturing…

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