ZF Group inaugurates 19th manufacturing plant in India

ZF, the third largest supplier of automotive systems for passenger vehicles, commercial vehicles, and industrial technology, has inaugurated its manufacturing plant in Oragadam, Tamil Nadu.

Omega Seiki, Attero plan to recycle over 100 MWh of battery in next 3-4 years

In a landmark move for both the electric vehicle (EV) sector and e-waste management, Omega Seiki Private Limited (OSPL), a prominent figure in the electric vehicle industry, and Attero, a distinguished leader in e-w...

Beginning of golden period for mobility sector, says PM

“India is on the move and is moving fast”, said Prime Minister Narendra Modi while addressing a programme at India’s largest and first-of-its-kind mobility exhibition - Bharat Mobility Global Expo 2024 at Bharat Man...

TVS Eurogrip displays future-ready products a Bharat Mobility Global Expo 2024

TVS Eurogrip, one of India’s leading manufacturers & exporters of two-wheeler, three-wheeler and Off-Highway Tyres, exhibited their flagship products in the two-wheeler & off-highway segments at the Bharat Mobility...

Big thrust on strengthening  EV ecosystem in Interim Budget 2024-25

Business leaders in the automotive space hailed the Interim Budget 2024-25 presented by Finance Minister Nirmala Sitharaman for its clear focus on strengthening the electric vehicle ecosystem at large.

Hero Motors company partners with Belgian Cycle Factory

HMC HIVE, a Hero Motors Company, from its integrated e-cycle manufacturing facility at Hero Cycle Valley in Ludhiana, announced its partnership with Belgian Cycle Factory, a leading cycling company in Europe and own...

Maruti Suzuki Fronx SUV clocks fastest 1 lakh sales

Maruti Suzuki Fronx SUV from Nexa has become India’s fastest passenger vehicle to achieve 1 lakh sales milestone since launch, in just 10 months, setting a new industry benchmark. The Fronx was unveiled globally at ...

HMI completes acquisition of General Motors India Talegaon Plant

Hyundai Motor India has completed acquisition and assignment of identified assets at General Motors India’s Talegaon Plant in Maharashtra. The acquisition has been completed post fulfilment of certain conditions and...

Automobili Lamborghini delivers over 10,000 cars in 2023; 103 cars in India

In the year 2023 that marked the 60th anniversary of its foundation, Automobili Lamborghini set a record that will live in the company's history. For the first time, the House of Sant'Agata Bolognese delivered more ...

LMG Manufacturing GmbH inaugurates i-Force plant in Hoym, Germany

The aluminum die-casting specialist LMG Manufacturing inaugurated its new production hall in Hoym/Seeland after just ten months of construction.

Tata Passenger Electric Mobility commences production at new facility in Sanand

Tata Passenger Electric Mobility Ltd. (TPEM), a subsidiary of Tata Motors, announced the start of production of passenger vehicles from its new factory in Sanand, Gujarat. This event marks a significant milestone fo...

BMW sells record 14,172 cars, 8768 bikes in CY 2023 in India

BMW Group India has continued its record-breaking success in 2023 by posting the best-ever annual sales (January – December) – for all three brands – BMW, MINI and BMW Motorrad. BMW Group India delivered 14,172 cars...

BYD Concludes 2023 with record 3 million annual sales

BYD has concluded 2023 with record-breaking sales volume, which surpasses the 3 million annual sales target and becomes the global new energy vehicle (NEV) sales champion, for the second year in a row. This year als...

5th edition of ACMA Automechanika New Delhi gets bigger, better

The three-day 5th edition of ACMA Automechanika New Delhi is scheduled to hit the ground from February 1 to 3, 2024 at Pragati Maidan, New Delhi bringing together 500+ exhibitors from 12 countries.

Hyundai focus on global hydrogen ecosystem, carbon-neutral activities

Hyundai Motor Group held its 2024 New Year address at Kia AutoLand Gwangmyeong, the first dedicated electric vehicle (EV) plant in Korea, looking forward to the year ahead and outlining the Group’s key areas of focu...

Gwanggu Lee is new Managing Director and CEO of Kia India

Kia India has announced the appointment of Gwanggu Lee as the new Managing Director and CEO, effective immediately. He will be the 3rd Managing Director and CEO of Kia India, succeeding Kook Hyun Shim and Tae Jin Pa...

Tata Passenger Electric Mobility inaugurates exclusive TATA.ev stores

Tata Passenger Electric Mobility (TPEM), a subsidiary of Tata Motors launched its Tata.ev stores, catering solely to EV customers, in the prominent auto hubs of Sector 14 and Sohna Road, Gurugram. These stores will ...

iVoomi  to focus on enhancing battery tech, introducing cloud data connectivity

iVoomi, an electric two-wheeler OEM, is all set to redefine the way people experience electric vehicles by focusing strong on enhancing battery technology and introducing cloud data connectivity.

E-Sprinto  to reach 10,000 sales milestone in 2024

In a significant milestone, e-Sprinto, an electric two-wheeler manufacturer, has successfully sold over 8000 electric scooters since its inception in March 2022.

Cashless medical treatment to all injured accident victims soon, says Govt

Union Ministry of Roads Transport & Highways (MoRTH) is planning to introduce cashless medical treatment to all injured accident victims across the nation within the next three to four months.

BYD rolls off 6 millionth new energy vehicle

BYD, the world's leading manufacturer of new energy vehicles and power batteries, achieved a historic milestone as its 6 millionth new energy vehicle rolled off the production line. This momentous occasion, marking ...

Christopher Marsh to head Surface Solutions Business in Continental India

Christopher Marsh took charge as the head of the Surface Solutions business and the Pune Plant in India on October 01, 2023. He succeeds Landry Tchapda who now at the end of his assignment has been assigned another ...

Post subsidy cut, e2W growth to slow to 25pc in current fiscal, says Crisil

After almost trebling to 7.3 lakh units last fiscal, volume growth of electric two-wheelers (e2Ws) is set to slow to 25% this fiscal following the recent reduction of subsidy under the FAME-II scheme and consequent ...

Domestic market for PVs with ADAS to cross $1 b by fiscal 2028: Crisil

According to a Crisil Market Intelligence & Analytics report, the domestic market for passenger vehicles with ADAS or Advanced Driver Assistance System s will cross US 1 billion by financial year 2028.

Maruti Suzuki Grand Vitara clocks fastest 1 lakh unit sales in mid-SUV segment

Maruti Suzuki Grand Vitara rings in its first anniversary with a remarkable milestone of fastest 1 lakh sales in the Mid-SUV segment in less than a year. This achievement is a testament to Grand Vitara's astounding ...

Revamp Moto begins production of 120 bikes at Nasik microfactory

Revamp Moto, a modular electric two-wheeler manufacturer, announced the launch of commencement of production of the first 120 bikes called the RM Buddie 25 at India’s first microfactory and the company’s facility in...

Manav Kapur of Steelbird takes charge as Chairperson of ACMA-YBLF

Manav Kapur, Executive Director, Steelbird International, India’s leading automotive components company, has taken charge as chairperson of ACMA-YBLF.

Indian Govt launches Bharat NCAP (New Car Assessment Programme)

Union Minister of Road Transport and Highways Nitin Gadkari launched the Bharat New Car Assessment Programme (Bharat NCAP) in New Delhi aiming to enhance road safety by elevating vehicle safety standards for up to 3...

Wardwizard leaps ahead in the EV Ancillary Cluster Vision

Wardwizard Innovations and Mobility Ltd., a pioneering electric vehicle manufacturer in India under the brand 'Joy e-bike', has taken a progressive step in the vision of establishing its EV Ancillary Cluster by sign...

Skoda Auto Volkswagen India crosses 600,000 car exports milestone

Skoda Auto Volkswagen India Private Limited (SAVWIPL), has achieved the 600,000 export milestone for cars produced at its manufacturing facility in Chakan, Pune.

Hyundai Motor India signs purchase  agreement at GM India Talegaon Plant

Hyundai Motor India Limited (HMIL) has signed an Asset Purchase Agreement (APA) for the acquisition and assignment of identified assets related to General Motors India (GMI)’s Talegaon Plant in Maharashtra.

Mahindra unveils new visual identity for Born EVs

Mahindra Electric Automobiles Limited (MEAL), a newly set-up subsidiary of Mahindra & Mahindra, pioneers of the SUV segment in India, unveiled a powerful and distinctive new visual identity for its forthcoming range...

Government to continue FAME subsidy

The government is continuing with the FAME subsidy to bridge the price difference in EV

SIAM launches road safety, awareness programme for school children

The Society of Indian Automobile Manufacturers (SIAM), the apex body of the automobile industry, has launched the "Road Safety Education & Awareness Programme" exclusively designed for school students across the cou...

BorgWarner secures e Heater business uplift with European OEM

BorgWarner has been awarded additional high voltage coolant heater (HVCH) business with a premium European OEM for its mid-size electric vehicle platform, following an initial supply agreement in July 2022 for the O...

SIAM seminar on circular economy through EPR

In order to drive circular economy, the Society of Indian Automobile Manufacturers (SIAM), the apex automotive industry body, organised a seminar on 'Achieving Circularity in the Automotive Industry through Extended...

Magenta Mobility appoints Vishal Sharma as National Head - Asset

Magenta Mobility, an integrated electric mobility solutions provider, has announced the appointment of Vishal Sharma as its National Head - Asset.

SMEV proposes a compromise solution to FAME subsidy payments issue

The SMEV has indicated reaching a possible breakthrough on the vexatious issue of subsidy payments that created a crisis in the EV industry and a log jam with the MHI.

iGowise Mobility offers holistic M-PaaS platform to EV companies

iGowise Mobility (iGo), a leading deep-tech smart-mobility startup based in Bengaluru, has announced its initiative to transform the electric vehicle (EV) industry by providing a comprehensive holistic offering for ...

Seven automakers unite to create charging network across North America

Seven of the world’s leading automakers – BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group, Stellantis NV – are creating a joint venture to accelerate the transition to electric vehicles in North ...

Valeo inaugurates new assembly line for ultrasonic sensors in Sanand

Valeo, the global automotive technology provider, has set-up a second line in Sanand, Gujarat, to manufacture Ultrasonic Sensors in India.

Royal Enfield Hunter 350 has a 2 lakh+ community across globe

A 2,00,000+ strong Hunter 350 community across the globe … and still counting! Royal Enfield, global leader in the mid-size motorcycle segment (250cc - 750cc), has crossed the 2,00,000 sales mark for its compact and...

Mahindra SUV Scorpio hits 900,000 units milestone

Mahindra & Mahindra announced that it has achieved a production milestone of 900,000 units for the Scorpio SUV, marking a significant achievement for the brand that created the SUV category in India. For over two de...

DriveX with Rs 12–14 crore turnover in FY23 aims 10X YOY growth

In an interview with Motown India’s Roy P Tharyan, the Co-founder & CTO, DriveX, Christopher Sargunam, talks about his company’s short journey since its initial investment from TVS. DriveX has also been co founded b...

Japan’s Musashi Seimitsu Industries announces E-mobility foray in India

Musashi India, a 100% owned subsidiary of Musashi Seimitsu Industries, Japan and a leading manufacturer of two-wheeler and four-wheeler transmission components in India, has announced its foray in the E-mobility spa...

EV battery manufacturing to drive demand for 2,400 acres of land by 2030:CBRE

CBRE South Asia Pvt. Ltd., India’s leading real estate consulting firm, has announced the findings of its report, ‘Electric Vehicles in India – New Wheels on the Roads’. The report focuses on the real estate strateg...

e-Sprinto sets ambitious plans to sell 10,000 electric 2W by 2023 fiscal end

e-Sprinto has announced its ambitious plans to sell 10,000 eco-friendly electric two-wheelers by the end of the fiscal year 2023. Thus far, the bootstrapped startup has successfully sold over 5500 units of its innov...

Retail auto sales records 10pc growth YOY, reveals FADA May 2023 data

Overall, the Indian automobile market has witnessed a resurgence across the various segments for the month of May 2023. This was revealed in the retail sales figures announced by the Federation of Automobile Dealers...

Skoda Auto Volkswagen India launches student car project in India

Skoda Auto Volkswagen India Private Limited (SAVWIPL), which manages the Indian region of five Volkswagen Group brands – Skoda, Volkswagen, Audi, Porsche, and Lamborghini, has announced its first-ever student car pr...

Metalverse, India’s first DIY motorcycle accessories production company

Bandidos Group, South India's leading retailer of mid-range and premium motorcycle accessories, has launched its own manufacturing unit with first-of-its-kind technologies in India's motorcycle accessories industry.

Mahindra Bolero SUV surpasses 1 lakh sales in FY 2023

Mahindra & Mahindra announced that its iconic Bolero SUV has crossed the 1 lakh mark in sales in FY 2023, marking a significant milestone. Since its introduction in 2000, the Bolero has sold over 1400000 units

ZF Aftermarket continues expansion in Indian market

ZF Aftermarket is expanding its product offering in India with the launch of three new TRW products. With the new products,

Modern Automotives to export differential pinion shafts to BMW AG

Modern Automotives Ltd. has become the first Indian company to achieve approval for deliveries of differential pinion shaft to BMW AG Munich. The order comprises 2.5 million units to be delivered by 2034.

Al-Abdullah Group invests $50 million in Kabira Mobility

Kabira Mobility, an electric bike manufacturer in India known for its KM3000 and KM4000 models, announced that it has secured a $50 million investment from its strategic investor, Al-Abdulla Group (Qatar) at an undi...

Rajan Amba appointed Managing Director of Jaguar Land Rover India

Jaguar Land Rover has announced that Rajan Amba has been appointed as Managing Director of Jaguar Land Rover India, with effect from March 1, 2023. Rajan will join Jaguar Land Rover from Tata Motors Passenger Vehicl...

MG Motor India delivers a single-day shipment of 108 Hectors to Orix

MG Motor India announced that it has delivered 108 Hector SUVs over a single business day to Orix India for its Rent-a-Car division. Orix, one of the largest car leasing and rental companies in India, is part of Ori...

DriveX launches two-wheeler refurbishment centre in Coimbatore

Asia’s first multi-brand affordable mobility platform and India’s first and only digital-first two wheeler platform, DriveX has launched its first state of the art DriveX Technical Centre, a highly developed service...

BorgWarner announces Brady Ericson, Chris Gropp  as Phinia senior management

BorgWarner has announced Brady Ericson will serve as President and Chief Executive Officer, and Chris Gropp will serve as Executive Vice President and Chief Financial Officer of the separate, publicly traded company...

Skoda Auto Volkswagen India increases its solar rooftop capacity to 18.5MW

As India targets net zero emissions by 2070 and plans to meet 50 percent of its electricity requirements from renewable energy sources by 2030, Skoda Auto Volkswagen India has taken another significant step towards ...

Kabira Mobility, Al-Abdulla Group to make Rs 300 cr Investment in EV plant

In a joint venture partnership with Al-Abdullah Group, Qatar, Kabira Mobility, the company behind KM3000 and KM4000, India’s fastest and longest riding bikes on road, announced its investment of Rs 300 crore in the ...

MG Motor India to upskill over 25,000 students in four years under MG Nurture

MG Motor India signed MOUs with 22 colleges as part of its MG Nurture programme to upskill more than 25,000 students in four years. MG Nurture is an initiative that intends to impart future-ready skills to students ...

BorgWarner electric propulsion engineering centre in Bengaluru

BorgWarner has opened a 95,000 square foot electric propulsion engineering centre in the Whitefield neighborhood of Bangalore, India. The team there will work on inverters, DC/DC converters, on-board chargers, integ...

Maharashtra alliance to build $2.5 billion battery swapping infrastructure

The Indian State of Maharashtra announced a strategic energy partnership with Gogoro Inc. and Belrise Industries (erstwhile known as Badve Engineering Ltd) to establish an unprecedented battery-swapping infrastructu...

Maharashtra alliance to build $2.5billion battery swapping infrastructure

The Indian State of Maharashtra announced a strategic energy partnership with Gogoro Inc. and Belrise Industries (erstwhile known as Badve Engineering Ltd) to establish an unprecedented battery-swapping infrastructu...

SEG Automotive introduces high voltage machines for Indian market

With the focus on clean mobility, the electric powertrain is adopted across major vehicle segment globally. In India, Light Electric Mobility has already gained big momentum based on local driving and usage patterns...

Rosmerta to showcase road safety digital solutions at Auto Expo 2023

Rosmerta, in association with SIAM, is all set to host the most promising awareness initiative on road safety. As a market leader in the mobility solutions, Rosmerta pioneers the innovation led products and solution...

EV startup Weber Drivetrain partners with Wuxi Lingbo Electronic Technology

Weber Drivetrain, a technology-driven EV startup for sustainability has announced a strategic Technology Transfer (TT) partnership with China-based Wuxi Lingbo Electronic Technology. Under this collaboration, Weber ...

Cummins to unveil Destination Zero product range at Auto Expo 2023

Cummins Group in India, a leading power solutions technology provider, said it would present its Destination Zero decarbonisation strategy and product range at the 16th Auto Expo in the Indian capital New Delhi next...

Mahindra to locate EV manufacturing plant in Pune, Maharashtra

Mahindra & Mahindra (M&M Ltd.), one of India’s leading automotive companies, has announced that their investment of Rs. 10,000 crore for electric vehicles has been approved under the Maharashtra Government’s industr...

HYM Drive Systems inaugurates manufacturing facility in Ludhiana

HYM Drive Systems, a joint venture between Hero Motors Ltd. and Yamaha Motors Co. (Japan), has inaugurated its plant at Hero E-Cycle Valley in Ludhiana. Pankaj Munjal, Chairman of Hero Motors Company, inaugurated th...

Spark Minda inaugurates 28th plant in India

Minda Corporation Limited, the flagship company of Spark Minda inaugurated a state-of-the-art wiring harness plant in Chakan, Pune on December 6, 2022. The new greenfield facility takes the count of plants across th...

Marquardt Group expands in India, launches global R&D Centre in Pune

Marquardt India, a leading manufacturer of electromechanical and electronic switches and switching systems for automobiles and other sectors opened its global R&D centre in Pune. The centre with skilled engineers is...

Lectrix EV plans 300 dealerships by mid-2023

Lectrix EV, the electric mobility arm of SAR Group, said that it will expand its network in India by adding 300 dealerships by mid-2023. The electric two-wheeler company, which started operations earlier this year, ...

Mahindra Rise Sustainability Champion Awards announced

Mahindra & Mahindra has announced the winners of the inaugural edition of ‘Mahindra Rise Sustainability Champion Awards’.

Honda Cars India signs agreement with MSTI for vehicle scrapping

Honda Cars India Ltd. (HCIL) has announced that it has signed an agreement with Maruti Suzuki Toyotsu India Private Limited (MSTI) to offer its customers, an end-to-end solution for scrapping their End of Life Vehic...

Ultraviolette gets further funding from Qualcomm Ventures, Lingotto (Exor)

Ultraviolette Automotive Pvt. Ltd., an innovator in sustainable mobility, has announced investments from Qualcomm Ventures and Lingotto to expand the Series D round.

EV startup EVeium to open 100 plus showrooms pan India by 2023 end

EVeium, manufacturer of high-speed electric two-wheelers, has announced aggressive plans to open 100-plus showrooms pan India by the end of the year 2023.

Valeo produces 10 millionth front camera system at Wemding site in Germany

Valeo and Mobileye celebrated the production of Valeo’s 10 millionth front camera system containing Mobileye technology, at Valeo's site in Wemding in Germany (Bavaria).

Skoda Auto India marks new peaks with India as growth hub

Skoda Auto India celebrated the last quarter of 2022 with an international congregation in the picturesque backdrop of the Himalayas in Dehradun. The peak-to-peak drive showcased the achievements of the company and ...

Honda Cars India reaches 2 million production milestone in India

Honda Cars India Ltd (HCIL), leading manufacturer of premium cars in India, announced that the company has reached the 2 million-unit milestone in cumulative production of Honda cars in India.

Lanxess, Kautex Textron develop safe battery enclosures for EVs

Technical plastics such as polyamide 6 offer numerous benefits for the design of battery enclosures for electric vehicles – in terms of sustainability, manufacturing costs, weight savings and economical functional i...

Filipino distributor Terrafirma Motors of Columbian Group inks deal with Hero MotoCorp

Philippines based Columbian Group of Companies, distributors of commercial and passenger vehicles will soon be assembling and distributing Hero MotoCorp motorcycles in Philippines. A partnership has been formed betw...

PM inaugurates DefExpo22 in Gandhinagar, Gujarat

Prime Minister, Narendra Modi inaugurated the DefExpo22 at Mahatma Mandir Convention and Exhibition Centre in Gandhinagar, Gujarat.

Isuzu Motors India set to deliver 25000 vehicles in FY22-23

Isuzu Motors India Private Limited (IMI), a subsidiary of Isuzu Motors Limited, Japan, celebrated its 10-year anniversary of its operations in India. The celebrations marked the 1st formal get-together of all the co...

BorgWarner opens new plant in India

BorgWarner has inaugurated another plant in Thiruvallur District near Chennai, India, which provides extensive manufacturing, assembly and storage space. Having two sites operating in close proximity is expected to ...

Kalyani Powertrain to drive growth at Bharat Forge

Kalyani Powertrain Limited (KPTL), a wholly owned subsidiary of Bharat Forge Ltd., is all set to drive the company’s vision for sustainable development, by investing in cutting-edge technologies. KPTL was founded i...

Delta emerges as a major player in e-mobility sector worldwide

Delta, a global leader in power and thermal management solutions, has emerged as a major player in the e-mobility sector worldwide. Over the last few years, as one of the prominent leaders in EV (electric vehicles) ...

TVS SCS to train 2000 rural youth every year to be ‘employment ready’

TVS Supply Chain Solutions (TVS SCS), one of the largest and fastest growing supply chain solutions providers in India, announced the inauguration of its Training Academy at Oragadam, industrial corridor, near Chenn...

Santosh Iyer is new Managing Director, CEO of Mercedes-Benz India

Mercedes-Benz today made an important organisational announcement. After an extremely successful stint in India, Martin Schwenk will assume the responsibility as the President and Chief Executive Officer, Mercedes-B...

PM lays foundation stone for Suzuki electric vehicle battery plant

Maruti Suzuki India commenced the celebrations of ’40 years of Suzuki’s partnership with the people of India’. The commemorative ceremony at Mahatma Mandir, Gandhinagar, Gujarat was graced by Prime Minister of India...

Mercedes-Benz Research and Development India nurtures Evnnovator

Mercedes-Benz Research and Development India (MBRDI) is nurturing Evnnovator, a startup that aims to transform the EV industry by providing a comprehensive EV charging experience to the end-users.

Tata Motors Electric Mobility acquires Ford India’s Sanand plant

Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors Ltd, and Ford India Private Limited (FIPL), have signed a Unit Transfer Agreement (UTA) for the acquisition of FIPL’s manufacturing plant...

JLR prepares for advanced electrified, connected future with new testing facility

Jaguar Land Rover, part of the Tata Motors Group, has taken another step towards a new era of electrification and connectivity by opening a facility to test the next generation of vehicles for electrical and radio ...

Mercedes-Benz R&D India gets Zinnov recognition for 2022

Mercedes-Benz Research and Development India (MBRDI) has been announced as a Great Place to Innovate at the 13th edition of Zinnov Awards 2022. These annual awards recognise, honour, and celebrate the tech titans of...

Hero Electric to set up 2nd manufacturing unit in Ludhiana, Punjab

Hero Electric, India’s largest electric two-wheeler company, performed the ground-breaking ceremony of its second plant in Ludhiana, Punjab.

Apollo Tyres appoints Vikram Garga as Group Head, Marketing

Apollo Tyres has appointed automotive industry veteran Vikram Garga as Group Head, Marketing for the Asia Pacific, Middle East & Africa (APMEA) region. Vikram Garga would be spearheading the regional marketing team ...

Nissan India appoints Mohan Wilson as Director Marketing

Nissan India has appointed Mohan Wilson as Director Marketing, Product & Customer Experience, for business transformation for India market. Mohan Wilson replaces Sriram Padmanabhan and will take over the role effect...

Mecwin India to set up components manufacturing plant in Karnataka

Mecwin India, one of the fastest-growing EV startups in the country is going to invest Rs. 50 crore for setting up one of the largest manufacturing plants for EV motors and controllers in Karnataka.

Two-Wheeler Electrification in India: Challenges & Opportunities

India has the world’s largest and fastest growing two-wheeler market. It is the cheapest and quickest form of local travel. Forecasts peg the number of vehicles sold annually to reach 26.6 million units by 2025.

Flipkart Group commits to Net Zero carbon emissions by 2040

The Flipkart Group, India’s homegrown internet ecosystem, has committed to setting an ambitious Net Zero target, to decarbonise its own operations by 2030 and the larger value chain by 2040.




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