Tesla Plans To Manufacture A $24,000 Car In India
Shortly after Tesla CEO Elon Musk met with India Prime Minister Narendra Modi, news is out that it plans a new factory in India.
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Tesla Will Be In India “As Soon As Possible,” Says Elon Musk
As Tesla continues to expand its network of production facilities, many countries have sought to offer the automaker its next manufacturing home. Over the past few years, Tesla CEO Elon Musk has had several discussions with the government of India about a potential investment, and a recent meeting stoked encouragement … [continued]
India To Be Self-Sufficient In Solar Modules By 2026
India has sought to boost local manufacturing and restrict imports of Chinese made PV modules.
Tata Group Building $1.6 Billion Battery Factory in India
India Prime Minister Narendra Modi was talking a big game about electric vehicles a few years ago, even claiming that India would be the first country to reach 100% electric vehicles. That made no sense, since it was far behind other countries in EV adoption, but it at least indicated … [continued]
Canadian & Dutch Pension Funds Eye Stake In Indian Renewable Yieldco
Some of the leading global pension funds are vying for a stake in the latest renewable energy yieldco offering in India. According to media reports, Canadian pension fund British Columbia Investments (BCI) and Dutch pension fund APG Asset Management are among several investors looking to acquire a stake in Mahindra … [continued]
PE Firm KKR Invests $250 Million In India’s Serentica Renewables
Global investment firm KKR has participated in the second fundraising exercise in sixth months for India-based Serentica Renewables. According to media reports, KKR has invested $250 million in Serentica Renewables, picking up an undisclosed amount of stake in the company. KKR had invested $400 million in the company in November … [continued]
India’s Avaada Raises $1 Billion From Brookfield
The Indian renewable energy company Avaada has secured a massive $1.07 billion from multiple investors, including Brookfield. According to media reports, Brookfield Renewable, part of Brookfield Global Transition Fund (BGTF), has committed to invest $1 billion in Avaada Group. The investor is believed to have already released the first tranche … [continued]
India’s Largest Gas Distribution Company Plans Solar Module Manufacturing
GAIL India, a government-owned natural gas distribution company, has announced plans to enter the solar module manufacturing sector. GAIL, formerly Gas Authority of India Limited, has expressed intentions to collaborate with other companies in an attempt to have footprint in the growing solar module manufacturing market in India. It plans … [continued]
India To Open Lithium Reserves For Auction Later This Year
The Indian government is expected to initiate auction of mining rights for lithium reserves later this year. According to media reports, the Indian government will offer mining rights for lithium reserves in Jammu & Kashmir later in 2023. The focus of the auction will be the recently confirmed 5.9 million … [continued]
The Wuling Air Lands In India As The MG Comet, & It’s Priced At Just…
The blockbuster Wuling Hongguang Mini EV has been a huge success in China. It has been so successful that it has created a totally new market in China, with several firms also introducing EVs in this category. The Mini EV is very popular in the 3rd-tier Chinese cities and is … [continued]
