Mahindra And REE Explore Joint Development Of Electric Commercial Vehicles
Mahindra & Mahindra, part of Mahindra Group, and REE Automotive have signed a memorandum of understanding (MOU) to explore the development and manufacturing of electric commercial vehicles for global markets. Such a strategic collaboration will leverage REE’s electric vehicle corner…
Ola Electric Co-founder Anand Shah Invests In EV Startup Evage
Mobility tech startup Evage said it has raised an undisclosed amount of funding led by Ola Electric co-founder and senior advisor Anand Shah. Bryair director Varun Pahwa and DMI group partner Anmol Nayyar also participated in the funding round. Conceptualized…
GAIL India Plans Expansion In Petrochemicals, Specialty Chemicals & Renewables To Supplement Growth
State-owned GAIL India Ltd is eyeing expansion in petrochemicals, specialty chemicals and renewables to supplement growth in its core business of natural gas marketing and transportation, its chairman Manoj Jain has said. The nation’s largest gas marketer and shipper has…
Magenta Picked By Microsoft For The Start-up Support Program Of EV Software & Charging Platform Development
Microsoft has selected Magenta the pioneer in the business of clean mobility and clean electricity, for its Start-up support program. Under this program, Microsoft supports B2B tech startups to scale and grow leveraging its technology, cloud marketplace, enterprise sales team,…
Total-Adani Indian Joint Venture To Apply For Fuel Retail Licence, Also Include Electric Vehicle Charging Facilities
Total Adani Fuels Marketing Pvt Ltd, a joint venture between French energy company Total SA and Adani Gas Ltd., said it plans to apply for a fuel retail licence soon under India’s new liberal fuel retailing rules. The joint venture…
Korean EV Maker Edison To Invest Up To Rs 5,000 Cr In UP, Create 5,000 Jobs
South Korean electric vehicle maker Edition Motors today evinced interest in investing almost Rs 5,000 crore to set up its production facility in Uttar Pradesh. The company has proposed to invest Rs 500-700 crore in the first phase, Rs 1,000-1,500…
Okaya Power Group collaborates With Prakriti E-Mobility For EV charging Stations
Okaya, a flagship company of Okaya Power Group, has announced a strategic partnership with Prakriti E-Mobility, India’s largest fleet operators of electric 4W vehicles with aim to provide well-laid out electrical vehicle charging stations for their fleet operations. Okaya EV…
Assam Tender To Procure 50 Electric Buses
The Assam State Transport Corporation (ASTC) issued a request for proposal to supply 50 electric buses in the state. Interested bidders are expected to make an earnest money deposit (EMD) of ₹10 million (~$133,827). The last date for the submission…
EVage 1st Startup In India To Manufacture ‘Exoskeleton Structures’ For EV Echoes PM Modi’s ‘Make In India Make For World’ Vision
In line with Prime Minister Narendra Modi’s vision Atma Nirbhar Bharat, mobility tech start up firm EVage introduces India’s first home-built ‘Exoskeleton Structure’ that will provide a common platform for launch of SUVs, Vans, Delivery Vehicles and Trucks. The disruptive…
Indian Passenger Vehicle Market Outlook 2020
Domestic sales in the Indian Passenger Vehicle (PV) market declined by 9.1% to reach 3 million units in FY 2020. The study estimates the market size of the Indian PV market, as well as segment forecasts up to 2024, with…
