Latest news with #EV-related
Time of India
29-07-2025
- Business
- Time of India
Wistron is eyeing Rs 1,000 crore IT hardware plant in Telangana
Academy Empower your mind, elevate your skills Wistron, the Taiwanese contract manufacturer that sold its iPhone assembly plant in Karnataka's Kolar to Tata Electronics in 2023, is firming up plans for an electronics production facility in Telangana with an investment of around Rs 1,000 crore, people aware of the matter is scouting for land in Hyderabad to build the facility that will manufacture servers, routers and switches, these people said on the condition of exiting the Kolar plant, where it had faced worker unrest in 2020, Wistron is again expanding its operations in India. The plans also include setting up a Rs 1,450 crore plant in Bengaluru to manufacture laptops. This facility is scheduled to start production by January 2026, Karnataka industries minister MB Patil said last year."They (Wistron) have decided to come to Telangana with a different product line. They are investing almost Rs 1,000 crore. Now they are finalising the location,' said one of the people. 'It could be in the same area where Hyderabad's electronics manufacturing is concentrated, in one of the electronics parks on the outskirts of the city. It has not frozen the location yet. They have seen a few locations," this person said."Wistron is into manufacturing servers, routers and switches. Manufacturing of those may go to Telangana. But it will be the non-iPhone making that will go to the state; iPhone assembly is ruled out," another person did not comment on the Telangana plan. In a statement to ET, the company repeated the announcement in 2024 when it said a wholly owned subsidiary, ICT Service Management Solutions (India), intended to secure a land use right from the Karnataka Industrial Area Development Board for up to Rs 140 crore. That land is near the international airport in Bangalore, it said in the latest Karnataka State High Level Clearance Committee had in March last year approved ICT Service Management's Rs 1,450 crore investment proposal with a potential to create 2,500 jobs. In January last year, when the company and the state government signed a memorandum of understanding, minister Patil said that ICT Service Management had sought 32 acres for the proposed proposed unit with a fully automated facility would make laptops for all brands and over 50% of laptops made here would be exported, Patil had said. The plant would also produce IoT components and EV-related currently operates in India through three subsidiaries: ICT Service Management, Smartiply India and Wistron Automotive Electronics (India). While ICT Service Management focuses on import-export services and maintenance operations, Smartiply India develops internet platforms and IoT-related products. Wistron Automotive Electronics specialises in manufacturing, R&D and design of automotive electronics and related products.
New Indian Express
09-07-2025
- Automotive
- New Indian Express
TN signs pact with ITDP to boost EV infrastructure
CHENNAI: In a major push towards clean eco-friendly transportation, the Tamil Nadu Green Energy Corporation Limited (TNGECL) signed a memorandum of understanding (MoU) with the Institute for Transportation and Development Policy (ITDP) on Tuesday. The MoU, signed in the presence of Tamil Nadu Electricity Board (TNEB) CMD J Radhakrishnan, aims to promote the use of electric vehicles (EVs) and strengthen EV charging infrastructure across the state. As per the agreement, ITDP India will act as a knowledge partner and offer technical support to TNGECL in several important areas, including creating a mobile application for public EV charging, setting up a single-window portal for EV-related policies and market information, planning for land use and feasibility, and preparing city-level EV strategies that can be expanded in future. According to a release, the partnership highlights the state's strong focus on promoting green energy, climate protection, and better urban transport systems.
Time of India
11-06-2025
- Automotive
- Time of India
Godrej's Motor Solutions targets ₹1,000 crore revenue by FY28
The Motor Solutions business of Godrej Enterprises Group is aiming for a revenue of ₹1,000 crore by financial year 2028, with exports projected to contribute 20% of the total. The company expects to reach ₹750 crore in revenue by FY26, driven by increasing demand in the electric vehicle (EV), HVAC , pump, and actuator sectors across domestic and international markets. The company has announced a capital investment of ₹40 crore over the next three years to expand manufacturing capabilities and introduce new technologies in response to EV-related export demand. Manufacturing expansion and technology investments Xercsis Marker, Executive Vice President and Head of the Motor Solutions Business, stated: 'We are strengthening our manufacturing capabilities through significant R&D investments and advanced technology adoption. We continue to invest in technology and capacity to serve identified growth sectors like EV, automation, actuators, pumps, while advancing innovations in motor design to reduce reliance on rare-earth materials.' To meet growing demand, a new assembly line for EV motor components has been commissioned. The facility will also install a high-precision lamination punching line from AIDA Japan to support requirements for thin laminations used in EV, aerospace, and automation industries. Godrej holds a 60% market share in hermetic motors for refrigeration and air-conditioning in India. Product development and sustainability measures Recent developments include fully assembled motors for off-road EV applications catering to customers in the US, as well as upcoming manufacturing for a German group requiring compatible controller solutions. The business is also developing Switched Reluctance and Synchronous Reluctance Motors aimed at reducing rare earth magnet dependency while improving performance. The Pune-based facility has an annual production capacity of over six million motors and offers more than 300 customised SKUs for various industrial uses. The campus has certifications for environmental performance including IGBC Platinum and GreenCo Platinum Plus . It is water positive, recycles 80% of finished goods packaging, and operates with a zero-waste-to-landfill approach. Situated on a 36-acre manufacturing campus in Shindewadi, Pune, the unit benefits from a supply chain with most vendors located within a 100-kilometre radius. This regional sourcing is aligned with Pune's broader industrial ecosystem supporting India's automotive and manufacturing sectors.
The Sun
04-06-2025
- Business
- The Sun
Bateriku.com and RYDE EV unite to rev up electric mobility in Malaysia
PETALING JAYA: In a strategic move to revolutionise the electric mobility landscape in Malaysia, a vehicle support ecosystem, has teamed up with RYDE EV, a key player in electric vehicle technology, to launch a transformative initiative at the Bateriku Pitstop in Cheras, Kuala Lumpur. The collaboration introduces an innovative EV Swap Station and ICE-to-EV conversion services, marking a significant leap forward in promoting sustainable transportation solutions. By leveraging both companiesʼ strengths, the initiative aims to provide seamless, accessible and eco-conscious alternatives to traditional vehicle ownership. At the core of the partnership is a shared mission: to make electric mobility practical and scalable, while empowering communities through gig economy model BHero and enhancing environmental impact through ESG-driven practices. Through the partnership, and RYDE EV will provide EV Swap Stations to enable quick and convenient battery swaps to reduce EV downtime at 10 Bateriku Pitstop locations – Bateriku Bangsar, Bateriku Ampang, Bateriku Kelana Jaya, Bateriku Kepong, Bateriku Pudu, Bateriku Saujana Putra, Bateriku Subang Perdana, Bateriku Permaisuri Cheras, Bateriku Balakong and Bateriku Kajang. It will also support affordable transformation of internal combustion engine vehicles into electric-powered ones, mobilising gig economy network to support EV-related services, creating new income streams and entrepreneurship opportunities besides aligning with ESG standards. CEO Azarol Faizi said: 'Our partnership with RYDE EV is a bold step towards building a smarter, greener mobility future for Malaysians. By merging innovation with social responsibility, weʼre not just supporting the EV ecosystem, weʼre creating a new wave of opportunities for our BHeroes and contributing meaningfully to national sustainability goals.ˮ RYDE EV CEO Syed Ahmad Faiz said that working alongside allows them to scale their EV technology to the grassroots. 'From quick-swap stations to converting petrol vehicles into clean EVs, this partnership is about making green mobility accessible for everyone ,and thatʼs a future worth driving towards.'
Yahoo
25-02-2025
- Automotive
- Yahoo
Blue Oval City delay gives West Tennessee opportunity to prepare for the future
The recent decision to delay the opening of Blue Oval City, Ford's massive electric vehicle (EV) manufacturing facility, has created quite a stir in West Tennessee. The prospect of thousands of new well-paying jobs in a relatively short period of time has been heralded as an economic game-changer for the region. However, the delay may offer benefits for the state and the region that are worth considering. First, this pause provides an opportunity for regional infrastructure and workforce development to better-align with the demands of this project. Blue Oval City will definitely have a profound and transformational impact on the local economy. An influx of jobs and people of the magnitude projected for this project requires a robust infrastructure that can support both the facility and the surrounding communities. Roads, public transportation, housing, healthcare and educational resources will all be impacted by the arrival of this large workforce. The delay allows state and local governments to address these needs more thoroughly. The additional time provides Tennessee's leadership a chance to plan and invest in ways that will make West Tennessee an even more attractive place to live for newcomers and will provide a slower and more sustainable pace of growth for long-time residents. The delayed opening also allows the region to more effectively develop the talent pipeline necessary for Blue Oval City's long-term success. With time to establish partnerships between Ford, community colleges, universities and technical schools, Tennessee can cultivate and nurture a highly skilled workforce equipped to excel in high-tech, EV manufacturing jobs. West Tennessee institutions like Tennessee Colleges of Applied Technology (TCATs) and local high schools have the chance to refine training programs, develop tailored certifications, and expand access to technical education that supports EV-related requirements. Opinion: Rep. David Kustoff: A blueprint to keep Tennessee competitive and prosperous This delay enables residents to prepare for stable, high-paying jobs, creating pathways for local talent to stay and thrive in their communities. As a workforce-aligned online nonprofit university with more than 5,400 current students throughout Tennessee, Western Governors University (WGU) plays a pivotal role in preparing skilled talent and offering educational partnerships, flexible learnings paths and industry-specific programs in fields such as information technology, cybersecurity and supply chain management, which are critical for EV manufacturing. The university's flexible, tech-forward, online model makes it easier for Tennesseans to upskill or transition into these high-demand roles without sacrificing current employment. The timeline shift allows for more engagement with local businesses that could play critical roles as suppliers and service providers for Blue Oval City. By cultivating relationships and resources, these small and medium-sized enterprises will have a greater opportunity to grow and participate in the economic boom that Blue Oval City is expected to bring. The delay can help these businesses prepare for expanded demand, thus ensuring they are ready to meet the needs of the new manufacturing hub and further fueling economic growth across West Tennessee. Finally, the delay offers an opportunity for Blue Oval City to be a model of sustainable development. As the project timeline extends, Ford and Tennessee have time to collaborate on eco-friendly practices and infrastructure improvements that will make Blue Oval City a benchmark in green manufacturing. Through sustainable energy sources, waste reduction and mindful water use, Blue Oval City can set a new standard in the automotive industry, further enhancing Tennessee's reputation as a leader in sustainable manufacturing. While delays are often seen as setbacks, this additional time gives Tennessee a unique opportunity to maximize Blue Oval City's benefits for the people of West Tennessee and the entire state. The result can be a more prepared workforce, strengthened infrastructure, empowered local businesses and a commitment to environmental responsibility. If managed well, this delay could transform West Tennessee into an even more vibrant hub of opportunity that propels growth and prosperity for the foreseeable future. Derriell Springfield resides in Jackson and is a partner success manager for Western Governors University. He earned his bachelor's and master's degrees from Tennessee State University and his doctor of education degree from East Tennessee State University. This article originally appeared on Jackson Sun: Blue Oval City delay helps West TN with sustainable growth | Opinion
