Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

German multinational BASF eyeing e-vehicles segment

- Advertisement -

In a bid to find new revenue streams, German multinational BASF is eyeing the growing electric vehicles (EVs) segment. BASF makes chemicals required in batteries for EVs and the company could make fresh investments in the country, if the segment sees traction in the coming years.

ASF, electric vehicles, EV, German multinational, India
Image for representational purpose only

Fresh investment will depend on other companies setting up local units for manufacturing such batteries, said Raman Ramachandran, Chairman and Managing Director, BASF, during a meeting with BusinessLine’s editorial in Mumbai.

Ramachandran said that this new opportunity is being considered as the materials used for making EVs batteries is an area of focussed R&D for the company.

- Advertisement -

Electric vehicles are the next big technology jump and a number of countries want to fully adapt to this technology by about 2030s. If the government wants all cars to go fully electric by 2030, then local manufacturing of batteries is essential, he said. The company is already a part of the automobile value chain. It supplies paints, catalytic converters and engineering plastics, which are used as dashboards in cars.

In the last four years, BASF has invested about ₹2,000 crore in the country. It has 12 manufacturing facilities in India, making products as diverse as foam materials used in beds, agrochemicals to vitamins added for reinforcing breakfast cereals.

Ramachandran said that BASF along with making battery chemicals in India will also focus on storage capacity and longevity of such batteries. BASF already has battery-making clients in China, the US and Japan.

The research on battery materials is happening in Japan. Investment in India by automobile makers for making EVs could become a trigger point for the company to invest in the battery chemical business, he said.

He said that the company was also following the nascent semiconductor business in India as it provides chemicals to semiconductor makers globally. Ultrapure water, gases and electronic chemicals for semiconductor production are provided by BASF.

- Advertisement -

Most Popular Articles

Ola electric

Ola To Launch Its First Electric Three Wheeler ‘Raahi’ By Early 2025

0
This strategic move aims to diversify Ola's offerings beyond electric scooters and tap into the growing demand for electric three-wheelers in India. Ola Electric Ltd,...

Is India Becoming A Key R&D Hub For Apple Products?

0
Betting big on India, Apple is launching a new R&D hub to drive product design, testing, and tech innovation, tapping into the country's growing...
Vedanta Display Glass Investment

Vedanta Group To Boost Display Glass Manufacturing With $500Mn Investment

0
Vedanta’s investment in its subsidiary, AvanStrate Inc research and development, manufacturing capabilities, and product offerings to meet the increasing global demand. India's global mining firm...
Tata

Singapore Chosen As Tata’s Partner For Semiconductor Projects

0
As ties between the two countries strengthen across sectors, Tata Sons chooses Singapore as a key partner for semiconductor ventures, with major investments planned...

Trump’s Tariffs Could Double Apple’s India iPhone Production

0
On Trump's proposal of heavy tariffs on China, Apple’s iPhone production in India could soar to $30 billion annually, creating 200,000 jobs and boosting...

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
Dr Yashodhan P. Gokhale, Vice President for Battery Technology, JSW Energy

Charge Forward: High-Voltage Batteries And MSMEs Can Fuel India’s EV Revolution

0
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Sanjay Gupta, CDO & Global Head of Engineering, L&T Semiconductor Technologies

Can MSMEs Contribute And Profit From The Semicon Boom?

0
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
N.P. Ramesh, COO and Co-Founder, Orb Energy

“We Ensured Customers’ Monthly EMI Would Be Equal To Or Less Than Their Electricity...

0
In a conversation with Nitisha from EFY, N.P. Ramesh of Orb Energy outlines the early financing challenges customers faced. He explains how Orb Energy’s...

“Government Policy Should Equitably Address All Electric Vehicles: Extend Subsidies To Retrofits Or Remove...

0
Aryaman Raghuvanshi from EFY engages with Pramod Narendra, Head of Brand Management and Retail Network at Starya Mobility, to explore the overlooked potential of...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Karnataka Government Initiative Promises ₹5M To Tech Startups

0
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups. On Tuesday,...

CastNX Tech Startup Secures ₹232M For Power Electronics Growth

0
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments. CastNX...

Industry's Buzz

Ola electric

Ola To Launch Its First Electric Three Wheeler ‘Raahi’ By Early 2025

0
This strategic move aims to diversify Ola's offerings beyond electric scooters and tap into the growing demand for electric three-wheelers in India. Ola Electric Ltd,...

Is India Becoming A Key R&D Hub For Apple Products?

0
Betting big on India, Apple is launching a new R&D hub to drive product design, testing, and tech innovation, tapping into the country's growing...
Vedanta Display Glass Investment

Vedanta Group To Boost Display Glass Manufacturing With $500Mn Investment

0
Vedanta’s investment in its subsidiary, AvanStrate Inc research and development, manufacturing capabilities, and product offerings to meet the increasing global demand. India's global mining firm...
Tata

Singapore Chosen As Tata’s Partner For Semiconductor Projects

0
As ties between the two countries strengthen across sectors, Tata Sons chooses Singapore as a key partner for semiconductor ventures, with major investments planned...

Trump’s Tariffs Could Double Apple’s India iPhone Production

0
On Trump's proposal of heavy tariffs on China, Apple’s iPhone production in India could soar to $30 billion annually, creating 200,000 jobs and boosting...

Learn From Leaders

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
Dr Yashodhan P. Gokhale, Vice President for Battery Technology, JSW Energy

Charge Forward: High-Voltage Batteries And MSMEs Can Fuel India’s EV Revolution

0
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Sanjay Gupta, CDO & Global Head of Engineering, L&T Semiconductor Technologies

Can MSMEs Contribute And Profit From The Semicon Boom?

0
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
N.P. Ramesh, COO and Co-Founder, Orb Energy

“We Ensured Customers’ Monthly EMI Would Be Equal To Or Less Than Their Electricity...

0
In a conversation with Nitisha from EFY, N.P. Ramesh of Orb Energy outlines the early financing challenges customers faced. He explains how Orb Energy’s...

“Government Policy Should Equitably Address All Electric Vehicles: Extend Subsidies To Retrofits Or Remove...

0
Aryaman Raghuvanshi from EFY engages with Pramod Narendra, Head of Brand Management and Retail Network at Starya Mobility, to explore the overlooked potential of...

Startups

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Karnataka Government Initiative Promises ₹5M To Tech Startups

0
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups. On Tuesday,...

CastNX Tech Startup Secures ₹232M For Power Electronics Growth

0
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments. CastNX...