We have updated our terms and conditions and privacy policy Click "Continue" to accept and continue with ET Auto

Dear user, ET Auto privacy and cookie policy has been updated to align with the new data regulations in European Union. Please review and accept these changes below to continue using the website. You can see our privacy policy & our cookie policy. We use cookies to ensure the best experience for you on our website. If you choose to ignore this message, we'll assume that you are happy to receive all cookies on ET Auto.

Sundram Fasteners lines up INR 350 crore capex plan to make power train sub-assemblies for EVs8 hrs ago

India wants to open up for lithium mining in batteries quest9 hrs ago

Pushing boundaries for a cleaner, safer, and susta..

Fool Proofing the Growth Momentum

The Era of Electric Vehicles - Are We Already Ther..

The new production facility will be built on the company’s headquarters site, where an old building, no longer in use, will be demolished to make way for it. The new facility should be seen as the first phase of expansion, and Toshiba Materials is already considering further expansions to meet future demand growth.

Explosive demand for EVs worldwide has seen a steep rise in prices of key raw materials like lithium, nickel and cobalt this year. Paris based autonomous intergovernmental agency IEA has warned of intense demand supply mismatch in lithium in years to come highlighting massive investments needed in mining and refining to counter that. It also revealed the extent of China's headstart and dominance in this area.

225000+ Industry Leaders read it everyday

The company will stop producing Jazz after October 2022 while the crossover WR-V will not be produced beyond March 2023. The carmaker will also stop the production and sale of the 4th Generation Honda City by December 2022 in the country. However, the 5th generation of the sedan will continue to be available in the market, a source in the know of things told ETAuto.

After facing a tough stance on its India entry and hanging on the edge for over two years, Chinese SUV maker Great Wall Motors (GWM) has finally called it quits by firing 11 Indian employees from its organisation. The company had initially proposed an investment of USD 1 billion (INR7000 crore) and had plans to start manufacturing in 2021.

We have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc.

Please contact us to know more details.

Get ETAuto 's top stories every morning in your email inbox.

225000+ Industry Leaders read it everyday

Follow @ETAuto for the latest news, insider access to events and more.