- Stellantis
- CEO
- Carlos Tavares
- Jeep
- Citroen
- India
Stellantis CEO Visits Indian Operations
- by MT Bureau
- October 26, 2024

In what is termed as the Netherland-headquartered automotive group’s long-term vision for India, Stellantis CEO Carlos Tavares was in India recently to see the operations of Jeep and Citroen. These two are among the leading automotive brands within the group that is home to 14 well regarded automotive brands in the world including Chrysler and Fiat. They are present in India – Jeep since 2016 approximately and Citroen since 2021 – and have been making in roads into India with new launches and facelifts.
Paying visit to the group’s Ranjangaon (Pune) plant where the Jeep products are made besides that of Tata Motors since Stellantis has a JV with Tata Motors in India, Tavares is known to meticulously audit the Jeep as well as Citroen offerings. He is also known to have engaged with the local leadership team, select dealer partners and a few others in his effort to gather valuable market feedback that should help put in place a successful strategy for growth.
Tavares has been increasingly under pressure post the less encouraging financial results the Stellantis Group recorded in the first half of the current calendar year. He is being criticised for cutting too deep in terms of his 'lean' strategy.
In the past one year roughly, Stellantis has been battling falling sales, shrinking profit margins and a slew of executive departures. The dealers seem to be frustrated. The investors and union workers don’t seem to be happy either, according to a news report by Nora Naughton in Business Insider.
Created from the merger of FCA Automobiles and the PSA Groupe, Stellantis is claimed to be struggling in USA with Jeep and other brands facing criticism over issues concerning reliability and abrupt discontinuation of models that have been central to the image of a brand simply to keep costs low. A household brand for over 40 years, Stellantis almost abruptly discontinued the Fiat brand in India just before the BS 6 norms came into force.
The two brands in India – Jeep and Citroen – have also seen a change of charge often in the last few years, which does not imply well in terms of customer assurance and market commitment.
While the Citroen Basalt has been well-received, Jeep as a brand has not launched an entirely all-new next generation model of any of its offerings for some years now. In a highly competitive market like India, this may not work in favour of the brand named after the iconic Ford and Willys Jeeps of World War II.
- Cygni Energy
- gigafactory
- sodium-ion
- sulfur-ion
- Venkat Rajaraman
- Jayesh Ranjan
- Ashok Jhunjhunwala
- IIIT-Hyderabad
- Telangana
- Srini Raju
- iLabs Group
Cygni Energy Bets Big on EVs, Alternative Chemistries with INR 2.5 Billion Gigafactory Investment
- by Nilesh Wadhwa
- April 30, 2025
Venkat Rajaram, Cygni Energy, Founder & CEO, along with Vipul and Gautam.
Hyderabad-based Cygni Energy has unveiled Phase I of its fully automated Battery Energy Storage System (BESS) gigafactory at E-Mobility Valley in Maheshwaram, Hyderabad, signalling a major leap in India’s electric vehicle (EV) and clean energy manufacturing landscape. The company is investing INR 2.5 billion over two phases to ramp up capacity from 4.8 GWh to 10.8 GWh over the next 12–24 months.
With a sharp focus on electric mobility, energy storage systems, and next-generation battery chemistries, Cygni is positioning itself to meet growing domestic and international demand for sustainable energy solutions. The company is also actively developing sodium-ion and sulphur-based batteries to complement traditional lithium-ion chemistries, alongside investments in thermal safety, recycling and advanced energy management algorithms tailored to Indian conditions.
Venkat Rajaraman, Founder & CEO, Cygni Energy, said, “In the long term, as part of India’s 100 GWh roadmap, we expect to become self-sufficient in cell manufacturing. We are also seeing a convergence of newer chemistries like sodium and sulphur. Sodium-ion batteries, in particular, are expected to play a critical role in India’s EV journey –given their lower cost of USD 6 per kWh versus USD 24 for lithium. While lithium demand currently exceeds sodium by 3x, India’s early-stage advantage allows us to leapfrog.”
“We cater to three markets – BESS, commercial and industrial storage, and electric vehicles. We have been manufacturing EV battery packs for a long time, earlier from a rental facility and now from our own factory. Today, we have a gigawatt-scale order pipeline for two- and three-wheeler EVs and large-scale storage systems. We’re also working with IIT-Madras' Centre of Battery Engineering and Electric Vehicles (C-BEEV) to co-develop future technologies. EVs contributed nearly 50 percent of our revenue till FY2025.”
The new facility spans 160,000 square feet and is engineered with automated Poka-Yoke-enabled lines and end-to-end traceability for high-quality battery module production. Till date, the company has raised USD 6.4 million in 2018 and USD 12.5 million in 2022 to fund its expansion.
The first phase investment of INR 1 billion supports an initial 4.8 GWh capacity. An additional INR 1.5 billion will be invested to reach 10.8 GWh under Phase II. The company expects to generate INR 26 billion revenue from Phase I, which it aims to double post-expansion.
Cygni’s batteries are designed for EV and grid-scale applications. The company has delivered over 500 MWh of batteries and claims to have a confirmed 1 GWh order pipeline, with growing traction in electric two-wheelers, three-wheelers and small commercial vehicles (SCVs). Most of the 80-plus components in its battery systems – such as busbars, cell holders, thermal and mechanical elements – are now locally sourced, reflecting India’s evolving EV ecosystem.
Jayesh Ranjan, Special Chief Secretary to the Government of Telangana and CEO of the Industry & Investment Cell in the CMO, inaugurated the facility alongside Prof. Ashok Jhunjhunwala, Chairman of IIIT-Hyderabad, and Srini Raju, Founder of iLabs Group.
Jayesh Ranjan, said, “The inauguration of Cygni’s battery manufacturing gigafactory in Telangana marks a transformative step toward sustainable energy, manufacturing excellence, and innovation. This facility not only strengthens India’s commitment to clean energy but also creates jobs, fosters local talent, and builds a robust ecosystem for the future of energy storage solutions.”
Cygni expects to create over 1,000 direct and indirect jobs and is planning additional 2 GWh cell-to-pack automated lines as part of its future roadmap. With government support and rising EV adoption, the company is well-positioned to be a catalyst in India’s energy transition
- TVS Motor Co
- FY2025 Sales
TVS Motor Co Reports INR 27.11 Billion Net Profit For FY2025
- by MT Bureau
- April 28, 2025

Chennai-headquartered two-wheeler and three-wheeler major TVS Motor Company has announced its financial results for FY2025. The company reported a record revenue of INR 362.51 billion, up 14 percent YoY, as against INR 317.76 billion a year ago.
The operating EBITDA came at 12.3 percent, while the net profit grew by percent at INR 27.11 billion, as against INR 20.83 billion last year.
During the year the company sold a total of 4.74 million vehicles, up 13 percent, as against 4.19 million vehicles last year. This includes 2.19 million motorcycles and 1.90 million scooters, clocking a growth of 10 percent YoY and 21 percent YoY respectively.
Electric vehicles sales grew by 44 percent to 279,000 units, as against 194,000 units last year. Three-wheeler sales came at 135,000 units, as against 146,000 units last year.
- Hindustan Zinc
- World Corrosion Awareness Day
- Arun Misra
- zinc galvanised
Hindustan Zinc Marks World Corrosion Awareness Day with Public Campaign
- by MT Bureau
- April 24, 2025

Hindustan Zinc, the world’s largest integrated zinc producer, is marking World Corrosion Awareness Day on 24 April with a nationwide campaign titled #ZungKeKhilaafZinc, aimed at raising awareness about corrosion and promoting zinc galvanisation as a preventive solution.
The company shared that corrosion costs India around 5 percent of its GDP annually –over USD 100 billion – in infrastructure and asset damage. The company’s campaign included social media outreach, public demonstrations and a consumer survey to highlight the economic and structural impact of corrosion.
As part of the initiative, the company undertook a demonstration in Udaipur, where galvanised and non-galvanised two-wheelers were displayed side by side to show the visible difference in corrosion resistance. The initiative targeted general consumers, especially in the automotive and infrastructure sectors.
Arun Misra, CEO, Hindustan Zinc, said, “Corrosion poses a serious threat to our infrastructure and the nation’s economy at large. At Hindustan Zinc, we believe awareness is the first step toward real change. While it’s essential for manufacturers to adopt galvanisation, consumers also play a vital role by asking the right questions – especially when it comes to long-term investments like homes and vehicles. Through #ZungKeKhilaafZinc, we’re committed to educating industries and individuals alike about the critical value of zinc protection.”
India’s climate makes it especially vulnerable to corrosion, but global examples such as Japan and Australia show that losses can be reduced with protective measures. In the automotive industry, galvanised steel is increasingly used in vehicle structures to improve durability and reduce maintenance costs.
Hindustan Zinc had recently introduced EcoZen, a low-carbon zinc product made using renewable energy, and continues to supply to over 40 countries. The company holds about 75 percent of India’s primary zinc market.
- Tata Motors
- Tata Power
- Tata Power Renewable Energy
- Wind Energy
- Solar Energy
- Vishal Badshah
- Pramod Choudhary
Tata Motors And Tata Power Renewable Energy To Co-Develop 131 MW Renewable Energy
- by MT Bureau
- April 21, 2025

Tata Motors, one of India’s leading automobile manufacturers, has joined forces with Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power, for a Power Purchase Agreement (PPA) to co-develop a 131 MW wind-solar hybrid renewable energy project.
The initiative is expected to generate around 300 million units of clean electricity annually and offset over 2 lakh tons of CO2 emissions each year. The strategic move is set to provide a reliable supply of green, cost-effective energy exclusively to Tata Motors’ six manufacturing facilities in Maharashtra and Gujarat, supporting production of both commercial vehicles and passenger vehicles.
The move is part of Tata Motors’ clean energy transition for achieving its RE-100 commitment ahead of the 2030 target.
Vishal Badshah, Vice President – Operations, Commercial Vehicles, Tata Motors, said, "As a key driver of India’s mobility and logistics ecosystem, Tata Motors Commercial Vehicles is proud to lead by example in sustainable manufacturing. This project reinforces our commitment to integrate renewable energy into our operations and reducing our carbon footprint while meeting our RE-100 goals. It also reflects our broader purpose of delivering mobility solutions that are sustainable at every stage –from production to performance."
Pramod Choudhary, Vice President – Operations, Tata Motors Passenger Vehicles, added, “We are committed to transition to clean energy for building a future ready automotive business. With this PPA our plants in Maharashtra and Gujarat will take a significant leap in our journey towards Green Manufacturing, complementing India’s green transition. It’s a defining step towards making our Passenger Vehicle Operations greener, smarter and more resilient on sustainable basis.”
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