Energy & Petroleum News Today

India's ACC battery PLI scheme has achieved only 1.4 GWh against its 50 GWh target with zero commercial production, facing structural roadblocks in technology, raw materials, and localization requirements despite Rs 4,570 crore investments.

Genesis has patented its flagship GV90 electric SUV in India ahead of its planned 2027 market entry. The 657bhp luxury EV features a 123.5kWh battery delivering a 500km range.

India's EV transition needs smarter financing, moving beyond traditional lending. With 12.8 lakh electric two-wheelers sold in 2025, addressing affordability, data-driven underwriting, and secondary markets is crucial for inclusive growth.

The MG Cyberster electric roadster features a dual-motor AWD setup with 510 PS, 725 Nm torque, 0-100 km/h in 3.2 seconds, a 77 kWh battery, and a 580 km MIDC range for grand touring.

India's Supreme Court move to enforce foreign arbitral awards highlights the need for dispute certainty, as 88% of crude oil and 50% of natural gas imports demand reduced litigation to boost investments.

DVC Chairman reviewed the Chandrapura plant and announced major investments in Jharkhand, including expediting a 1,600 MW supercritical thermal power plant in partnership with Coal India to boost regional growth.

India must prioritize meeting its growing energy demands for economic development and climate resilience over rapid decarbonisation, leveraging affordable sources like nuclear power and coal, according to expert Steven Koonin.

Mercedes-Benz launched the locally assembled GLC 400 4MATIC electric SUV in India at Rs 78.50 lakh, offering a 713 km range and 330kW fast charging capabilities with over 1,000 bookings recorded.

Bihar is set to deploy 400 electric buses across six districts, featuring eight charging stations per depot. Prime Minister Narendra Modi will inaugurate the new charging infrastructure on November 21.

The Edo State government has issued a certificate of occupancy to the NNPC for the proposed Oredo refinery and petrochemical plant, aiming to boost local refining capacity and create jobs.