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LOHUM to Invest ₹2,000 Crore in India’s Largest Battery Recycling Plant LOHUM, a leading name in sustainable energy transition materials, is making a significant move to bolster India’s battery recycling capabilities. The Greater Noida-based company has announced an investment of over ₹2,000 crore to establish the country’s largest battery recycling plant at the future mobility park in Shoolagiri, Krishnagiri district. This massive project, spanning 65 acres, is expected to generate at least 1,000 jobs once fully operational, marking a significant boost to the local economy and the nation’s recycling infrastructure. 📌 Sustainable Energy and Battery Recycling: The Future LOHUM is a prominent player in the field of sustainable energy, specializing in the recycling, repurposing, and refining of battery raw materials with a focus on low-carbon processes. The upcoming facility in Krishnagiri will have a production capacity of 20 gigawatt hours (GWh) of cathode active materials (CAMs) used in battery cell manufacturing. This substantial capacity will support the increasing demand for lithium-ion batteries driven by the growth of electric vehicles (EVs) and other applications. 📌 Advancing Sustainable Use of Critical Minerals Sachin Maheshwari, head of Corporate Development at LOHUM, emphasized the plant’s dual role in recycling used batteries and processing electrical and rare earth magnets. This initiative aligns with LOHUM’s commitment to sustainable use of critical minerals such as cobalt, lithium, and platinum. The company aims to contribute to the circular economy by ensuring these valuable materials are recycled and reused, reducing dependence on mining and lowering environmental impact. 📌 Lohum Net-Zero Energy Goal One of LOHUM’s primary goals for the new plant is to achieve net-zero energy usage. This commitment to sustainability is reflected in their plans to scale up research on rare earth metals and optimize their recycling processes. The company is already a significant player in India’s battery recycling market, operating eight plants in Greater Noida and Gujarat with a combined capacity of 150 megawatt hours. 📌 Global Expansion and Future Prospects LOHUM is not just focusing on India; it has ambitious plans for global expansion. The company is setting up another plant in the United Arab Emirates and has intentions to expand into North America, the European Union, and other regions. Recently, LOHUM raised $54 million in a Series B funding round led by Singularity Growth and other investors, which will fuel this international growth and strengthen their research and development efforts. Join All India EV Community Click here for more such EV Updates

India’s Ambitious Push to Reduce Reliance on Chinese Lithium India is making strategic moves to reduce its dependency on China for lithium, a critical component for electric vehicle (EV) batteries and renewable energy technologies. This initiative is part of a broader effort to bolster its domestic EV industry and enhance energy security. By focusing on global partnerships and developing domestic lithium resources, India aims to create a robust and self-reliant lithium supply chain. Global Partnerships for Lithium Processing To achieve self-reliance in lithium processing, India has initiated discussions with several countries, including Australia, the United States, Bolivia, Japan, and South Korea. These partnerships aim to gain technical expertise and establish a robust lithium supply chain, reducing the need to rely on China, which currently controls about 60% of global lithium refining capacity​. Executives from Russia’s TENEX have also approached the Indian government, offering technology for lithium processing. This collaboration underscores India’s commitment to diversifying its sources of technical know-how and securing the raw materials necessary for its growing EV market​. Domestic Efforts and Challenges Domestically, India has discovered significant lithium reserves in Jammu and Kashmir, estimated at 5.9 million tonnes. This discovery is seen as a major step toward achieving self-sufficiency. However, experts caution that it may take years to fully develop these resources due to the geological and environmental sensitivities of the region. In addition to mining, the Indian government is focusing on setting up refining plants. Companies like Shree Cement are in talks with Australian firms to establish lithium refineries, which could cost between $600 million and $700 million. Incentives and Future Outlook India’s top policy think-tank, NITI Aayog, has recommended incentives for setting up lithium processing plants. The country’s battery industry is projected to require an annual 56,000 metric tons of lithium carbonate by 2030. To meet this demand, India needs to accelerate its efforts in both mining and refining​. Moving Forward India’s drive to reduce its reliance on Chinese lithium involves a multifaceted strategy, combining international partnerships, domestic resource development, and technological advancements. While the journey is expected to be challenging and lengthy, these efforts are crucial for the country’s energy security and its ambitious EV goals. By building a more resilient and self-sufficient lithium supply chain, India can better position itself in the global green energy landscape and reduce its carbon footprint. Join All India EV Community Click here for more such EV Updates

Hero MotoCorp to Launch Affordable Two-Wheeler EVs by FY25 Hero MotoCorp, India’s largest two-wheeler manufacturer, has announced ambitious plans to expand its electric vehicle (EV) lineup. By FY25, the company aims to introduce a range of affordable two-wheeler EVs to cater to a broader customer base. This strategic move is part of Hero’s effort to strengthen its position in the rapidly growing electric mobility market. Currently, Hero MotoCorp offers two electric scooters under the VIDA brand, priced between INR 1 lakh and INR 1.5 lakh. The company plans to launch new models targeting the mid and mass-market segments, which will significantly broaden their market reach. This initiative is expected to drive substantial growth in both the current and next fiscal years​​. In addition to expanding its product portfolio, Hero MotoCorp is enhancing its production capabilities. The company is ramping up production to meet the increasing demand, aiming to produce 10,000 units per month by the end of this fiscal year. This includes the upcoming Xoom 125 and Xoom 160 scooters, which are set to debut in the first half of the year​​. Moreover, Hero MotoCorp has entered a partnership with Ather Energy to develop an interoperable charging network. This collaboration will provide over 2,000 charging points across 200 cities, significantly improving the accessibility and convenience of EV charging for customers​. The company is also planning to extend the VIDA brand’s presence to European and UK markets in FY25, marking its foray into international markets. This geographical expansion is poised to enhance Hero’s global footprint and capitalize on the growing demand for electric vehicles worldwide​. Join All India EV Community All India EV Market Updates

Tata Technologies: Pioneering the Future of Battery Design TATA Technologies Wins Major Battery Design Contract from a leading international electric vehicle (EV) battery manufacturer. This new contract emphasizes the company’s expertise and its growing influence in the EV market. Financial Performance and Market Conditions In its latest financial report for Q1 FY2025, Tata Technologies showcased a modest growth in operating revenue, reaching Rs 1,269 crore, which represents a 0.9% increase from the previous year. However, this is a slight dip of 2.5% from the previous quarter. Service revenue also saw a minor decline of 1%, settling at Rs 985 crore. Despite these fluctuations, the company maintained an operating EBITDA of Rs 231 crore with an EBITDA margin of 18.2%, only slightly down from 18.4% in the prior quarter. Net income, on the other hand, rose by 3.1% to Rs 162 crore. Warren Harris, CEO and Managing Director of Tata Technologies, highlighted the favorable market conditions, especially with the manufacturing sector’s increased investment in new technologies and smart manufacturing. This environment bodes well for the company as it continues to work on two EV projects with VinFast and gears up for their launch. Strategic Wins: TATA Technologies’ Major Battery Design Contract In addition to the battery design contract, Tata Technologies has been entrusted with several other significant projects: These strategic wins have not only strengthened Tata Technologies’ market position but also improved its net income margin to 12.8% in Q1 FY25. Commitment to Sustainable Growth Savitha Balachandran, CFO of Tata Technologies, emphasized the company’s unwavering focus on sustainable growth, cost optimization, and efficiency, which are pivotal for long-term success. Tata Technologies, a global engineering services powerhouse, specializes in product development and digital solutions across the automotive, aerospace, and industrial machinery sectors. The company’s comprehensive suite of services includes design and development, manufacturing support, and IT solutions. With a strong emphasis on future technologies such as electric vehicles and smart manufacturing, Tata Technologies is dedicated to advancing alternative propulsion systems and digital transformation across various industries. By prioritizing quality and innovation, the company collaborates with clients worldwide to deliver sustainable and efficient engineering solutions. All India EV Business Directory Avail Debt Funding Join our All India EV Community

MyPickup Secures Seed Funding to Revolutionize EV Ride-Hailing In an exciting development for the electric vehicle (EV) sector, MyPickup, an innovative EV ride-hailing startup, has successfully raised seed funding led by Inflection Point Ventures (IPV). This significant investment highlights the growing interest and confidence in sustainable transportation solutions. Looking to Debt, Funding??? All India EV, got the solution for you… Investment Details Inflection Point Ventures spearheaded this funding round, reinforcing their commitment to supporting pioneering startups in the EV ecosystem. Alongside IPV, several angel investors participated, showcasing a collaborative effort to bolster MyPickup’s growth and market reach. MyPickup’s Vision MyPickup aims to disrupt the ride-hailing industry by focusing exclusively on electric vehicles. This strategy not only addresses the pressing need for environmentally friendly transportation options but also taps into the increasing consumer demand for sustainable travel solutions. With this fresh capital, MyPickup plans to scale its operations, enhance its technology infrastructure, and expand its fleet of electric vehicles. Market Potential The EV ride-hailing market is poised for exponential growth, driven by global environmental goals and government policies favoring electric mobility. MyPickup’s unique position in this market, combined with its recent funding boost, positions it well to capitalize on these trends and set new standards in the industry. Future Prospects The infusion of funds will enable MyPickup to enhance its service offerings and expand its footprint across major cities. This strategic growth plan is expected to attract more users to its platform, thereby increasing its market share and fostering a robust, green transportation network. Be a part of All India EV Community

MG Motor’s Electric Vehicle Surge: A New Milestone in India’s Automotive Industry MG Motor India has set a groundbreaking precedent by becoming the first Original Equipment Manufacturer (OEM) in India to achieve 40% of its sales from electric vehicles (EVs). This significant milestone underscores the company’s strategic shift towards sustainable mobility solutions and highlights the growing acceptance of the MG Motor Electric Car among Indian consumers. The EV Transformation MG Motor’s EV portfolio, which includes popular models like the Hector, Gloster, ZS EV, and Comet, has seen remarkable growth. The repositioning of the ZS EV and Comet models has been a game-changer, leading to a substantial increase in sales. The company reported selling around 900 units of the Comet in a single month, compared to just 400 units six months earlier. Strategic Repositioning of MG Motor Electric Car Models Satinder Bajwa, Chief Commercial Officer of JSW MG Motor India, attributed this success to the company’s strategic repositioning and customization efforts. “Our EV volume contributed almost 40% of our total monthly volume in June, up from 35% in the previous month,” Bajwa stated. The ZS EV and Comet, priced at INR 18.98 Lakh and INR 7.45 Lakh respectively, have been pivotal in driving this growth. Sales Performance and Market Response Despite facing a challenging sales environment with fluctuations in monthly performance, MG Motor’s focus on EVs has paid off. The company’s monthly sales data for 2024 indicates a mix of declines and positive growth, with a significant boost in June due to the increased EV sales. This trend reflects a growing consumer confidence in MG Motor’s EV offerings. Future Prospects Looking ahead, MG Motor plans to expand its EV lineup further. The company is gearing up to launch new products starting in the third quarter of FY25, with a strategy to introduce a new model every five to six months. This expansion could potentially include entering the sedan and hatchback segments when deemed appropriate. Building Consumer Confidence MG Motor is committed to building consumer confidence and ensuring robust fundamentals before scaling up. With a current network of 400 touchpoints across sales, service, and secondary outlets, the company aims to increase this to 600 touchpoints, with a significant focus on non-urban areas. All India EV Business Directory Avail Debt Funding Join our All India EV Community

Boosting EV Adoption: Statiq and BPCL’s Strategic Partnership In a significant move to enhance India’s electric vehicle (EV) infrastructure, Statiq, a leading EV charging network, has partnered with Bharat Petroleum Corporation Limited (BPCL). This collaboration aims to expand EV charging in India, by significantly expanding the availability and accessibility of EV charging stations. Strategic Expansion Statiq, known for its innovative approach to EV charging, has already deployed over 7,000 chargers across tier 1, tier 2, and tier 3 cities in India. With this partnership, the company plans to add an impressive 2,800 new chargers, which will be installed at BPCL fuel stations nationwide. This strategic expansion is expected to provide a robust and reliable charging network, addressing one of the critical barriers to EV adoption: the availability of charging infrastructure. Enhancing User Experience The collaboration with BPCL is set to streamline the EV charging experience for users. Statiq’s mobile app will integrate these new charging points, offering real-time insights and essential information. This includes features like total distance traveled, remaining range updates, and charging indicators, which are designed to simplify the charging process and enhance convenience for EV owners. Driving Sustainable Mobility The surge in EV users in India highlights the necessity for a widespread and accessible charging infrastructure. As more individuals opt for EVs due to their environmental and cost benefits, the demand for reliable charging solutions escalates. By providing extensive coverage and ensuring nationwide access to charging stations, this partnership between Statiq and BPCL is a crucial step towards reducing carbon emissions and dependency on fossil fuels, paving the way for a sustainable future in India. Future Prospects Looking ahead, Statiq aims to expand its network to 20,000 charging stations by the end of 2025. This ambitious plan, supported by collaborations with various Charge Point Operators (CPOs) like Hyundai, ChargeMOD, and GLIDA, aims to offer seamless and interoperable charging experiences for users across different platforms. This integrated approach will further ease the transition to electric mobility for the Indian populace. In conclusion, the partnership between Statiq and BPCL is poised to significantly boost EV adoption in India, making EV charging more accessible and convenient for users. This initiative not only supports the country’s environmental goals but also enhances the overall user experience, encouraging more people to switch to electric vehicles. For more information on this development, you can refer to sources such as EMobility+, All India EV, and others detailing the collaboration and its implications for India’s EV ecosystem.

Strengthening India’s Battery Recycling Ecosystem through EU Collaboration In a significant stride for India’s green technology sector, three Indian start-ups have been selected alongside three European counterparts in the Battery Recycling Technologies Matchmaking Event, organized by the EU-India Trade and Technology Council (TTC). Winners and Opportunities Indian start-ups, BatX Energies, Evergreen Lithium Recycling, LW3 Pvt. Ltd., and Lohum Cleantech, will embark on an immersive, all-expenses-paid week-long visit to the EU. This initiative aims to foster cross-border innovation, connecting these start-ups with European stakeholders, government officials, and industry leaders. It will allow them to explore battery recycling facilities, pilot projects, and potential commercial collaborations. Similarly, European companies, including Ecomet Refining (Italy), Eneris (Poland), and Tozero (Germany), will visit India, opening avenues for mutual growth and development in the battery recycling industry. Importance for India India’s lithium-ion battery market, valued at approximately €52.1 million in 2024, is projected to grow to €1.4 billion by 2030. This rapid growth underscores the necessity for robust recycling solutions to reduce dependence on imports and support a circular economy. Event Highlights The matchmaking event, organized by the EU and the Principal Scientific Adviser to the Government of India, provided a global platform for showcasing innovative battery recycling solutions. Co-chaired by Mr. Marc Lemaitre and Professor Ajay Kumar Sood, the event highlighted the commitment of both regions to clean and green energy technologies. Indian companies who won BatX Energies: Specializes in sustainable recycling solutions for lithium-ion batteries, contributing to the reduction of electronic waste. Evergreen Lithium Recycling: Focuses on environmentally friendly recycling processes, aiming to recover valuable materials from used batteries. LW3 Pvt. Ltd.: Innovates in battery recycling technologies, striving for efficient resource recovery and minimal environmental impact. Lohum Cleantech: A leader in lithium-ion battery recycling and reuse, working to make energy storage more sustainable. Strategic Engagement The EU-India TTC, established in February 2023, serves as a platform for strategic engagement on trade and technology between the two regions. This event marks a milestone in bilateral cooperation, promoting science, research, and innovation in battery recycling. This collaborative effort not only strengthens India’s battery recycling capabilities but also sets a precedent for future EU-India partnerships in green technology. By bridging gaps and fostering innovation, both regions are poised to lead the way in sustainable energy solutions.