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automotive-industries Sector News & Updates - April 18, 2025



Jindal India receives LoA for 300 MW solar plus storage from NHPC
Automotive Industries   -  Mar 24,2025
Jindal India Renewable Energy (JIRE) secured NHPC’s approval for a 300 MW solar-plus-storage project under a 25-year PPA. Part of NHPC’s 1,200 MW solar initiative, it includes a 600 MW/1,200 MWh e .


Hero Motors partners with Germany's STP to produce forged powertrain parts in India
Automotive Industries   -  Mar 19,2025
Hero Motors and Germany’s SchmiedeTechnik Plettenberg (STP) have formed a joint venture to manufacture forged powertrain components in India for global markets. The facility will be set up at Hero I .


Ceigall India secures Rs 923 crore NHAI contract for Ludhiana Bypass Project
Automotive Industries   -  Mar 19,2025
Ceigall India has received an LOA from NHAI for a six-lane Greenfield Southern Ludhiana Bypass under HAM. Part of the Ludhiana-Ajmer Economic Corridor, the 25.24 km project connects NH44 to the Delhi- .


Waaree Renewable Tech bags LoA worth Rs 740 crore for solar power project
Automotive Industries   -  Mar 12,2025
Waaree Renewable Technologies Ltd, as part of a three-member consortium, received a Letter of Award (LOA) for a ₹740.06 crore EPC contract for a 125 MWAC (181.3 MWp DC) solar power project. The turn .


UP govt shifts land allocation for HCL-Foxconn chip unit to cut down delays
Automotive Industries   -  Mar 11,2025
The Uttar Pradesh government has allocated 48 acres of land in Sector 28 of YEIDA for the HCL-Foxconn semiconductor plant. This follows HCL’s request to move from the originally planned 50-acre site .


Jupiter Electric Mobility launches JEM TEZ
Automotive Industries   -  Mar 07,2025
Jupiter Electric Mobility (JEM) has launched its flagship electric light commercial vehicle (e-LCV), the JEM TEZ, and inaugurated an EV manufacturing plant in Pithampur, Indore. The JEM TEZ offers a 1 .


H S Hyosung to invest Rs 1,740 crore in Nagpur’s Butibori Industrial Estate
Automotive Industries   -  Mar 06,2025
The Maharashtra Government signed an MoU with South Korea's H S Hyosung Advanced Materials Corporation for a Rs 1,740 crore investment in Butibori, Nagpur. The investment will establish an advanc .


ACME Solar plans Rs 17,000 crore capital expenditure
Automotive Industries   -  Mar 04,2025
ACME Solar Holdings plans to invest Rs 17,000 crore to expand its renewable energy capacity to 5 gigawatts by 2026, focusing on Hybrid and FDRE projects. The expansion will occur in two phases startin .


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