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Mitsui, TECO to set up plant for EV motors in India

By : Sustainability ..., Nov 1, 2019

Japan’s Mitsui & Co on Thursday said it is planning to invest USD 14 million to set up a manufacturing facility for electric vehicle (EV) motors in India in partnership with Taiwanese motor manufacturer TECO Electric & Machinery Co. The new plant, which would come up...

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Microsoft set to invest $200 mn in Ola, boost connected car tie-up

By : Sustainability ..., Oct 30, 2019

Ride-hailing company Ola is set to unveil a connected car project in partnership with Microsoft Corp., which will also invest around $200 million in Ola’s parent, ANI Technologies Pvt. Ltd, two people aware of the deal said. Microsoft will acquire around 4.5% in ANI...

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Japan's top tech consultancy TechnoPro to invest $10 mn in local EV ops

By : Sustainability ..., Oct 25, 2019

The Indian electric vehicle (EV) sector is opening up to investments. On Thursday, one of Japan's largest engineering consulting said it would invest $10 million in India for R&D and developing supportive infrastructure for EVs. TechnoPro, which plans to hire 10,000...

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