Employing silicon photonics technology, which combines a universal semiconductor material with the speed of photos, the SteerLight LiDAR senses the surrounding environment in three dimensions with higher resolution and precision, and at a lower volume production cost, than currently available LiDAR systems, the company said.
India's EV policy requires a INR 4,150 crore investment for local manufacturing with DVA targets. It aims to reduce crude oil imports, lower the trade deficit, and decrease air pollution in cities.
The funds will be allocated for growth in operations, geographical reach, technological advancements, marketing endeavors and overall organizational development for greater visibility, and sustained success of the enterprise.
"Stellantis is interested in investing in Thailand," Prime Minister Srettha Thavisin said, adding that he had held discussions on mutual co-operation with the world's fourth-biggest carmaker, the owner of brands such as Fiat, Peugeot and Citroen.
India will link duty cuts with the EFTA trade deal, including watches, wine, chocolates, and machinery. Talks for the pact began in 2008 and resumed last year. The proposed agreement with Oman is also underway. India is committed to trade liberalisation and aims to open up the services sector.
The Odisha government has approved seven projects with a total investment of INR 80,125 crore across various sectors, including steel, green energy, pharmaceuticals, and chemicals. These projects, located in districts such as Khurda, Jagatsinghpur, Jharsuguda, Ganjam, and Bhadrak, are expected to create job opportunities for 24,552 people.
In a recent announcement, CNH unveiled a substantial EUR 150 million five-year investment plan for the Zedelgem site. This strategic initiative aims to bolster research and development as well as production capabilities.
The BMW Group is readying yet another production facility to manufacture fully electric vehicles at Rayong site in Thailand. Production launch of new electric model is scheduled for the second half of 2025.
India aims to become a global semiconductor powerhouse, attracting major players with carefully-crafted policies. The country's semiconductor value chain includes a proposed fab, assembly and test units, and partnerships with Tata Group. India's plans align with the geopolitical battleground and aim to foster local industry and job creation.
Eatron Technologies is a pioneering developer of Artificial Intelligence (AI) powered Battery Management Software (BMS). Oshkosh’s investment in Eatron supports its vision to leverage advanced analytics and predictive modelling for lithium-ion batteries to manage its wide range of electric vehicles, the company said.
Singapore-based Cube Highways & Infrastructure, an investment arm of I Squared Capital, plans to sell seven highway projects spanning 516 kilometers to monetize its road assets. The assets include one BOT asset and six hybrid annuity model assets, with a total revenue of INR 860 crore in FY23.
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