Alleging that the death of her son in the UK was "highly suspicious and (under) unexplained circumstances", Sunjay's mother Rani sought deferment of the company's AGM scheduled for Thursday.
The remarks came amid China's recent curbs on exports of rare earth elements, impacting the global supply chain of the critical mineral which has diverse usage ranging from the manufacturing of home appliances to electric vehicles.
He said that commercial production at the company's lithium-ion cell manufacturing facility under its wholly owned subsidiary Exide Energy Solutions Ltd (EESL) is expected to commence during the current financial year.
This decision follows the passing of former chairman Sunjay Kapur in June, after which Jeffery Mark Overly was appointed as the chairman on June 23, 2025.
Gujarat is set to revolutionize India's lithium landscape. Researchers at CSMCRI in Bhavnagar have unveiled an eco-friendly method for extracting lithium from old batteries. This breakthrough not only aims to lessen India's dependency on imported lithium but also accelerates the extraction process while ensuring high purity levels.
Sona Comstar's shares have dipped 36% from their 52-week high. On Friday, the stock was trading at ₹486.35, down 0.91 per cent intraday.
In light of the anticipated decline in electric vehicle sales following the expiration of U.S. subsidies, LG Energy Solution is pivoting its strategy. The company is set to ramp up production of energy storage system batteries to counterbalance the dip in EV battery sales. With plans to significantly boost its U.S.
The new material, designed for use in automotive interiors, demonstrates strength, thermal resistance, low moisture absorption, and competitive cost, according to the research team.
The investment was confirmed after a strategic meeting between Denso executives and a visiting delegation from UP at Denso ’s global headquarters in Kariya, Japan.
The startup has also raised ₹6 crore in fresh funding from Inflection Point Ventures (IPV), and other investors including Capital A and Atrium Angels.
Renault aims to significantly increase component sourcing from India to ₹400 million in the next five years, enhancing its global supply chain. This move follows a profit warning and cost-cutting measures. The company is committed to the Indian market, planning to introduce four new models and dismissing collaboration speculations, focusing on scale and efficiency.
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