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Vancouver-based Ceylon Graphite granted industrial mining licence for M1 mining project in Sri Lanka

Green Car Congress

announced the renewal of the Industrial Mining Licence for the Malsiripura, M1 mining project in Sri Lanka (known as Ceylon until 1972) from the Geological Survey and Mines Bureau (GSMB). The Government of Sri Lanka granted the company’s wholly owned subsidiary Sarcon Development (Pvt) Ltd.

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NanoCab: Sri Lanka To Use More Than 200 Tiny Tatas As Taxis

Green Car Reports

But Tata is also sending the car into new markets, including Sri Lanka--where you might be surprised to see the tiny cars used as taxis. Why Sri Lanka? The world's least expensive car, the Tata Nano, is now seen in increasing numbers on the streets of its home country, India.

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ASK Auto forms JV with AISIN Group to enter domestic, global car parts aftermarket – ET Auto

Baua Electric

AA-T) and AISIN Automotive Haryana Private Limited (AHL), to market and sell the auto components in independent aftermarket for passenger car products. With this collaboration, both the companies endeavour to expand their footprints across India, Nepal, Sri Lanka and Bangladesh for Independent Aftermarket (IAM) of passenger car products.

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Elcora awarded NSERC-ENGAGE grant to support development of graphene supercapacitors

Green Car Congress

The supercapacitor market is forecast to reach US$2.18 As part of the vertical integration strategy Elcora is securing high-grade graphite and graphene precursor graphite from operations in Sri Lanka and other countries which are already in production. billion by 2022 at a CAGR of 20.7% between 2016 and 2022.

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Joy e-bike maker to develop hydrogen scooter, eyes global expansion | Autocar Professional

Baua Electric

The company will commence the assembly of its high- and low-speed electric two-wheelers at the new facility, with an initial annual target of more than 20,000 units to cater to the growing demand in the Eastern and Northern regions of India, as well as the export market in Nepal.

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Moderate revenue growth expected for CV makers next fiscal: CRISIL | Autocar Professional

Baua Electric

Conversely, export volumes are likely to remain sluggish due to inflationary pressures and economic slowdowns in key markets such as Sri Lanka, Africa, and Latin America. Domestic sales, accounting for over 90% of total volume, are expected to approach the previous peak of ~10 lakh units seen in fiscal 2019.

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Bounce Infinity Raises $20M in Funding from Existing Investors

Electric Vehicles India

The source claims the company wants to expand its export market. The company ships to South Africa, Nepal, Kuwait, South America, and Sri Lanka. He declined to provide details of the amount of money he secured in one tranche of the ongoing round or the valuation. According to sources, three new models will be launched this year.