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Sidbi Sets up ‘Evolve’ Project to Finance 50,000 Electric Vehicles for MSMEs

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Sidbi is planning to finance nearly 50,000 EVs for MSMEs, collaborating with Niti Aayog for technical support, while financial assistance will be provided by World Bank, Korea-World Bank partnership facility and Korean economic development cooperation fund. All financing will be done under a new project called Evolve (Electric Vehicle Operations......
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SAMP: Driven by Resourcefulness to Attain Innovative Capabilities

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The SAMP Group supplies precision machines, spare parts, and services to leading wire and cable manufacturers around the globe from locations in Italy, China, Brazil, and the United States. In line with its heritage of Italian craftsmanship, the company designs and manufactures innovative and high-performance machinery. Founded in 1936, SAMP’s......
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Cable Wire 2022: Focus on Cabling Infrastructure for Safety and Sustainability

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The 9th edition of Cable Wire – the International Conference & Exhibition on cables, wires & accessories was held on the 25th and 26th of August 2022 in New Delhi. Indian Electrical & Electronics Manufacturers’ Association (IEEMA) organised Cable Wire 2022, the 9th international conference and exhibition on cables, wires,......
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Vedanta: Growing Usage of Aluminium in the Auto Industry bolsters Sustainability and Safety

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Vedanta Aluminium, India’s largest producer of Aluminium, offers a range of products such as billets, ingots, wire rods, rolled products, slabs, and more. August 5, 2022 Vedanta Aluminium, India’s largest producer of aluminium, makes a case for ‘green’ aluminium at the recently held national webinar by the Automotive Component Manufacturers......
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LS Electric to Kickstart its EV Charging Business

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LS Electric’s expertise in cables for electric power supply and E1’s distribution network will provide the synergy needed for the Electric Vehicle charging business. May 2, 2022 South Korea-based LS Electric Co., Ltd. has added a subsidiary for the new electric vehicle (EV) charging business. The company announced that the......
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Automotive Wiring Undergoing Transformation as Electric Vehicles take over the Roads

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The electronic content in cars has exponentially expanded, leading to more than 150 pounds of wiring in a single vehicle. As vehicles increase in complexity, a new wiring paradigm is needed. Wires are not just wires anymore. They have become incredibly sophisticated, since automobiles began to resemble computers on wheels.......
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Ola Electric Aims to Install 4000 EV Charging Points in 2022

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Factors such as the increasing adoption of electric vehicles, rapid development of electric vehicle supply equipment and fast-charging stations are driving the growth of the EV charging cable market. December 30, 2021 Ola Electric will install more than 4,000 charging points for its electric scooters across India in 2022 as......
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Power Grid to Build Around 11 EV Charging Stations in Shillong

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Within this scheme, POWERGRID is going to develop 11 EVCS in Shillong city – 5 Public EVCS and 6 at government offices. September 10, 2021 Power Grid Corporation of India Limited has announced that it will develop around 11 Electric Vehicle Charging Station (EVCS) in Shillong, Meghalaya. It has laid......
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Hero Electric Vehicles to Invest Rs 700 Crore in Business Expansion by 2025

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The investment of Rs. 700 crore on a new electric vehicle manufacturing facility with an annual capacity of 10 lakh units will bring in huge opportunities for wire and cable manufacturers in India. July 13, 2021 Hero Electric Vehicles will invest Rs 700 crore by 2025 to rev up its......
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Triton Electric Vehicle to Set up INR 2100 Crore Manufacturing Facility in India

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The investment of INR 2100 crore for ultra-modern electric vehicle manufacturing unit will bring in huge opportunities for wire and cable manufacturers in India. June 25, 2021 Triton Electric Vehicle Pvt. Ltd. has entered into a MoU with the Telangana government for setting up a manufacturing unit for electric vehicles......
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