- LICO Materials
- Jawaharlal Nehru Aluminium Research Development and Design Centre
- JNARDDC
- National Critical Mineral Mission
- NCMM
- Ministry of Mines
- Incentive Scheme for Promotion of Critical Mineral Recycling
- Gaurav Dolwani
- battery rececyling
LICO Materials Selected For Critical Mineral Incentive Scheme
- By MT Bureau
- May 07, 2026
LICO Materials, a battery circularity company, has received an eligibility grant from the Ministry of Mines under the Incentive Scheme for Promotion of Critical Mineral Recycling. The scheme is a component of the National Critical Mineral Mission (NCMM).
The grant, issued via the Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC), identifies LICO as one of 58 companies selected to develop domestic mining capabilities in India.
LICO has committed an investment of INR 2.40 billion and qualifies for a 20 percent Capital Expenditure (CAPEX) subsidy. Additionally, the company will receive an Operational Expenditure (OPEX) subsidy linked to commercial sales through to FY2030–31. Selection for the scheme required proof of technical capability in chemical extraction; companies involved only in collection or shredding were excluded.
The project involves a brownfield expansion in KIADB, Karnataka. LICO plans to add 10,000 tonnes per annum (TPA) of material extraction capacity across two plants. While, one facility will focus on the mechanical shredding of battery packs, the second will handle the chemical extraction of minerals. The company aims to recover lithium, nickel and cobalt at 99 percent purity from end-of-life batteries featuring LFP, LCO and NMC chemistries.
The NCMM scheme has a national outlay of INR 15 billion and aims to increase India’s recycling capacity from 100,000 TPA to 400,000 TPA by 2030. This initiative is intended to reduce reliance on mineral supply chains from East Asia and improve industrial security.
Gaurav Dolwani, CEO, LICO Materials, said, “This recognition by the Ministry of Mines and NCMM is government's validation that what we are building in Karnataka is what India needs. We are not just recycling batteries but are producing battery-grade lithium, nickel & cobalt on Indian soil, from Indian waste batteries, for India's cell and battery manufacturers. This is critical when global mineral supply chains are fracturing along geopolitical lines. We are grateful for this recognition and committed to delivering on every milestone.”
Energy In Motion Partners HPCL To Deploy EV Charging And Battery Swapping Infrastructure
- By MT Bureau
- July 27, 2026
Energy In Motion, a provider of integrated electric mobility solutions for long-haul freight transportation, has executed an agreement with Hindustan Petroleum Corporation to establish and operate charging and battery swapping infrastructure for heavy commercial vehicles at retail outlets across India.
As per the understanding, Energy In Motion will deploy swap-and-charge hubs on freight corridors including Mumbai–Pune, Delhi–Jaipur and Chennai–Bangalore over the next 18 to 24 months. These stations will support vehicles such as the Ashwa 55-tonne e-tractor, providing battery exchange capability in 7 minutes.
Energy In Motion manages battery inventory and hardware, while Hindustan Petroleum Corporation provides space and utilities across its network of over 25,000 retail outlets.
Narendra Murkumbi, Managing Director, Energy In Motion, said, “Charging infrastructure succeeds or fails on reliability. Working with HPCL allows us to place charging and swapping where drivers already stop – sites with power, space, amenities, safety systems and staff on duty. Combining our battery and fleet expertise with HPCL’s nationwide retail network lets us build dependable swap-and-charge hubs on the corridors that carry India’s freight and to do it at the pace the transition demands.”
Hero MotoCorp’s VIDA Debuts In Nepal
- By MT Bureau
- July 27, 2026
Hero MotoCorp's electric mobility brand, VIDA, has made its international market entry into Nepal through a partnership with CG Motors.
The launch was announced by Kausalya Nandakumar, Chief Business Officer, Emerging Mobility Business Unit, Hero MotoCorp and Nirvana Chaudhary, Managing Director, Chaudhary Group.
The introduction features the VIDA VX2 Evooter range – comprising the VX2 Plus and VX2 Go variants – alongside the VIDA DIRT.E K3 youth off-roader. The VX2 Plus features a 4.4 kWh setup, delivering a 140 km range and a top speed of 90 kmph, while the VX2 Go uses a 2.2 kWh battery with a 75 km range. The DIRT.E K3 is an electric off-roader equipped with a 350W motor and app-based parental controls.
Kausalya Nandakumar said, “This launch marks a proud and defining moment as VIDA goes global. We are thrilled to take the very best of our engineering and design capabilities beyond India, starting with Nepal, a strategically crucial market where riders are quickly adopting smart electric mobility. The VIDA VX2 EVOOTER range and the VIDA DIRT.E K3 are built to redefine the future of mobility, and through our collaboration with CG Motors, we are ensuring that the Nepalese customers have access to premium, reliable, and technologically advanced riding experience.”
Nirvana Chaudhary added, “The entry of VIDA perfectly aligns with Nepal's shift towards sustainable mobility. By offering advanced electric products & solutions tailored for both, everyday commuters and the next generation of riders, this product launch redefines our two-wheeler landscape. CG Motors is proud to strengthen its partnership with Hero MotoCorp and partner with VIDA to drive our nation's green transition forward."
- EKA Mobility
- Dr. Hussein Ali Mwinyi
- Zanzibar
- Global Rapid Transport
- Zanzibar Social Security Fund
- Vijay Yelne
EKA Mobility’s E-Buses Flagged Off In Zanzibar
- By MT Bureau
- July 24, 2026
Pune-headquartered electric commercial vehicle manufacturer EKA Mobility has announced that Dr. Hussein Ali Mwinyi, President of Zanzibar, recently flagged off 15 EKA Mobility electric buses in Zanzibar. The commercial operations for the e-buses is scheduled to begin on 1 August 2026.
The deployment forms part of an initial order of 35 e-buses, with the fleet expected to expand to 150 units by the end of the year.
EKA Mobility is collaborating with Global Rapid Transport and the Zanzibar Social Security Fund to train local personnel in vehicle operations, maintenance and safety systems.
Vijay Yelne, President – Export Marketing & SCM, EKA Mobility, said, "The launch of Zanzibar's first electric bus fleet is a strong validation of EKA's technology and our ability to deliver world-class electric mobility solutions beyond India. It demonstrates that products designed and manufactured in India can successfully meet the evolving mobility needs of international markets. This is another step in taking Indian engineering to the world, and we see Africa as a key growth market in EKA's global expansion journey."
Kia India Launches Syros EV At INR 1.34 Million
- By MT Bureau
- July 23, 2026
Kia India has launched the Syros EV, it’s first mass-market electric vehicle offering at prices starting INR 1.34 million (ex-showroom) for the 42 kW variant and INR 1.69 million (ex-showroom) for the 51.4 kW Extended Range variant. The EV goes on sale at dealerships nationwide starting 30 July 2026.
The Syros EV is offered with two battery options: a 51.4 kWh battery delivering an ARAI-certified range of 526 km and a 42 kWh battery offering 443 km of range. It features DC fast charging from 10 to 80 percent in a claimed 39 minutes.
Ownership programmes include an Assured Buyback programme offering up to 80 percent resale value after three years, a Battery-as-a-Service programme starting at INR 799,000 with battery EMIs starting at INR 3.3 per kilometre and a lifetime high-voltage battery warranty of 15 years with unlimited kilometres.
Gwanggu Lee, Managing Director and CEO, Kia India, said, "At Kia, every product begins with one question, how can we create greater value for our customers? The Syros EV answers that by making electric mobility more accessible, without compromise. Beyond an attractive price point, we've built one of the industry's most confident ownership propositions with an Assured Buyback programme offering up to 80 percent resale-value, the best in India today, alongside BaaS enabling one of the most accessible entry points into EV ownership; and a Lifetime Battery Warranty delivering long-term battery confidence, addressing the key concerns that continue to influence EV adoption. Combined with segment-leading range of 526 km and 171 PS performance, advanced technology and Kia's growing EV ecosystem, the Syros EV represents our commitment to accelerating India's transition towards sustainable mobility while keeping customer needs at the heart of every decision."

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