The companies were among four bidders selected by the government in March to build a total of 50 gigawatt hours (Gwh) of battery storage capacity under a production-linked incentive programme.
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According to India's third Biennial Update Report submitted to the United Nations Framework Convention on Climate Change (UNFCCC) in February 2021, the country's net greenhouse gas emissions for 2016 stood at 2.5 billion tonnes.
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Bullish on the future of green mobility, Ashok Leyland has lined up a Rs 500 crore investment to develop powertrains based on alternative fuels like CNG, hydrogen and electric for its commercial vehicles range.
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The Seoul-based automaker plans to introduce more than 31 electric models through 2030 to secure a projected 12 per cent of the global electric vehicle market.
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The 109 year-old firm, also known as the preferred ride of fictional secret agent James Bond, posted a pre-tax loss of 285.4 million pounds ($347.99 million) for the six months ended June 30, compared with a loss of 90.7 million pounds a year earlier.
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Toyota said its overseas production hit record levels for both June as well as the first six months of the calendar year, with 587,005 units and more than 3 million units, respectively.
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Rival Volkswagen confirmed its full-year outlook but warned the war in Ukraine and threats to European energy supply loomed over the second half.
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The transition to an electric mobility future does not need to wait for complete power sector decarbonisation because the benefits of a concurrently decarbonising grid can be realised gradually.
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