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Centre plans to announce Rs 57K cr PM e-Bus Sewa guidelines within a month

Unlike FAME-II, the PM-eBus Sewa scheme proposes a kilometre-based incentive structure spanning a decade

Auto PLI review: Centre extends deadline by a year for beneficiaries

The announcement was made by Union minister for Heavy Industries Mahendra Nath Pandey during the review meeting of the PLI-Auto scheme

Commercial production of battery cells under ACC PLI likely in Q4FY24

To monitor the progress of the work of the selected beneficiaries, the Ministry has appointed Engineers India Limited (EIL) as Independent Engineers

Revolt repays Rs 50 crore to govt, PMP violators begin compliance

Last year, the MHI commenced an investigation into alleged PMP guideline violations based on whistleblower complaints

Five manufacturers apply for 23 DVA certificates under PLI Auto scheme

As no OEM was able to submit their DVA certificates, Rs 604 crore earmarked under the scheme for FY23 remained unutilised

Govt tells Ola, Hero Moto, TVS, Ather to pay customers Rs 278 cr by Nov

Move underscores Centre's resolve to ensure compliance with subsidy norms and protect interests of consumers

Lithium to niobium, export ban on 4 critical new energy metals on the table

Lithium, beryllium, niobium, and tantalum are to be banned for export

Cabinet approves 'PM-eBus Sewa', to deploy 10,000 e-buses in 169 cities

Out of the ₹57,613 crores outlined for the scheme, support of Rs.20,000 crore will be provided by the Central government, the Cabinet statement reads

How Mines and Mineral Bill 2023 clears roadblocks for private investment

With the node, the country is set to see an influx of private capital and technology for improved exploration and production of critical and deep-seated minerals

Lithium auction roadmap to be released by end of August: Mines secretary

Recent parliamentary approval of Mines and Minerals (Development and Regulation) Amendment Bill, 2023, has invigorated efforts to expedite the comprehensive auction roadmap

PMI Electro aims to reduce costs by 30%, boost turnover to Rs 1,200 cr

To meet burgeoning demand targets, the company is banking on its Pune plant, which is set to commence operations by FY25

Coupang to set up technology centre in India, begins recruitment drive

The Indian team will support the company's global technology team, sources said

Incentives for private bus operators to take EV route in the works

China continues to lead the e-bus market, accounting for over 80 percent of global e-bus sales in 2022

Govt to unveil Rs 4,126 crore 'payment security fund' for e-buses

Move to ensure companies get secure, timely payments

Centre to scrap tender for 4,675 e-buses amidst lacklustre OEM response

The tender, issued on January 4, 2023, failed to attract bids from automakers such as Tata Motors, Ashok Leyland, and PMI Electro Mobility, leading to speculation about its cancellation

Rajya Sabha passes Bill facilitating offshore mining and mineral auctions

The proposed legislation aims to unleash the untapped potential of India's offshore resources and enhance transparency in the allocation of minerals

Centre plans to scrap mandatory electric vehicle incentive-linked tests

After receiving a report from the committee, the ministry is considering scrapping the mandatory testing parameters

Bill introduced to start private mining of deep-seated critical minerals

The move aims to achieve India's energy transition targets

GSI conducts 122 exploration projects for critical minerals this year

In the last three years, a total of 422 critical minerals exploration projects were taken by the scientific agency

Industry players divided over capacity, penalty issues for PLI-AAC bids

"The ministry is committed to finalizing the bidding documents and proceeding with the rebidding process at the earliest," government officials said