Business Economy


Hindalco delivers 10,000 aluminium battery enclosures to Mahindra

Pune, Apr 25 ( UNI) Hindalco Industries Ltd, the metals flagship of the Aditya Birla Group and one of the world’s largest aluminium companies, on Friday announced the successful delivery of 10,000 aluminium battery enclosures for automotive major Mahindra’s state-of-the-art e-SUVS – BE 6 and XEV 9e, marking a significant development in India’s clean mobility journey.

The company also unveiled its state-of-the-art dedicated EV component manufacturing facility in Chakan, Pune—India’s premier automotive manufacturing hub. This marks a significant milestone in India’s clean mobility journey, with the two companies joining forces to accelerate the electrification of India’s automotive industry, said release.
The facility, built with a capital investment of ₹ 500 crores and spread across 5 acres within an industrial park, represents Hindalco’s foray into EV component manufacturing and is designed to cater to the growing demand for lightweight, crash-resistant battery solutions.
The facility is designed to meet the rising demand for lightweight, crash-resistant battery enclosures in the country, reinforcing the company’s commitment to innovation and sustainable mobility. It currently has the capacity to produce 80,000 enclosures annually, with plans to scale up to 160,000 units. As of today, over 3,000 Mahindra EVs using these aluminium battery packs are already on Indian roads.
Speaking on this development, Satish Pai, MD, Hindalco Industries Limited, said, “Our Chakan facility represents a strategic shift in India’s EV ecosystem from import dependence to high-performance, localised aluminium solutions. We are proud to partner with Mahindra in this journey, which not only reflects our commitment to the mobility transition but also highlights Mahindra's leadership in driving the electrification of mobility in India. With our engineering strengths and sustainability focus, we are well-positioned to co-create the next generation of automotive solutions.”
Rajesh Jejurikar, ED and CEO (Auto and Farm Sector), Mahindra & Mahindra (M&M) said, "Mahindra is excited to partner with Hindalco in the creation of the EV journey. Their expertise in developing materials and strong engineering capabilities to offer new solutions have played a key role in developing efficient and sustainable battery enclosure solutions. We believe this will play a transformative role in shaping the future of mobility, delivering cutting-edge solutions that will accelerate electrification in the sector, he said in the release.
UNI SP SJC
More News
Rupee marginally up 2 paise against USD

Rupee marginally up 2 paise against USD

16 May 2025 | 6:41 PM

Mumbai, May 16 (UNI) The Rupee on Friday ended positive at 85.51, rising two paise against USD on fresh selling of US Dollar from foreign banks and importers, dealers at the Forex Market said.

see more..
Sensex falls 200 15 pts

Sensex falls 200 15 pts

16 May 2025 | 6:37 PM

Mumbai, May 16 (UNI) The BSE Sensex on Friday, the last trading day of the week ended weak at 82,330.59, down 200.15 pts amid profit booking in Technology, IT and Bankex stocks despite positive global cues.

see more..

PURE Partners with Canada-based Charge Power to enter US and Canada Energy Storage Market

16 May 2025 | 2:22 PM

Hyderabad, May 16 (UNI) PURE, incubated at i-TIC, IIT Hyderabad, a pioneer in battery technology and power electronics, and a leading brand in energy storage products in India, on Friday announced a strategic partnership with Charge Power Inc., a Canadian corporation, to enter US and Canada Energy storage Market.

see more..

Allcargo Gati posts 110 bps increase in EBITDA margin for FY25

16 May 2025 | 12:56 PM

Mumbai, May 16 (UNI) Allcargo Gati Limited (formerly Gati Limited), a leading Indian express distribution and supply chain management company, announced its audited financial results for the quarter and financial year ended March 31, 2025.

see more..