Okaya Group’s EV Division Forays Into Electric Two-Wheeler Business
Energy storage solutions provider Okaya Group’s EV arm announced its entry into the electric two-wheeler business with the launch of a range of vehicles. Besides, the company which already has set up a two-wheeler manufacturing plant in Baddi (HP) and…
Electric Scooter-Maker Ather To Expand Capacity At Its Hosur Plant
Bengaluru-based electric two-wheeler manufacturer Ather Energy is set to expand the capacity of its new plant in Hosur from 110,000 units per annum to 500,000 by the end of next year. It will invest Rs 650 crore in the new…
Digital Lender “Prest Loans” Forays Into Electrical Vehicle EV Financing Segment Collaborates With Eqaro Guarantees And Terra Motors
Prest Loans, a Delhi-based, fast-growing digital lending company has forayed into the financing of electrical vehicles (EVs). It has collaborated with a leading Japanese electrical vehicle manufacturer, Terra Motors offering quality products and with Mumbai-based Eqaro Guarantees for providing guarantees…
India Plans To Set Up Institute To Fund Electric Vehicles-Focused Businesses
The government is planning to set up an institution to fund businesses with a focus on electric vehicles as well as facilitate new financial instruments for lending to the public transportation and commercial vehicle segment, Union minister Nitin Gadkari said….
Valeo And Omega Seiki Join Hands To Accelerate Two And Three Wheelers Electrification In India
Valeo, the world leader in automotive electrification technology, and Omega Seiki Mobility (OSM), part of Anglian Omega Group, have signed a Memorandum of Understanding (MoU), through which Valeo will provide the electric powertrains for OSM Vehicle Range. Valeo will provide…
SG Auto Assist Announces New Initiative ‘RSA 4 ALL’ & Adaptation Of Electric Vehicles As A Service Fleet For A Sustainable Future
Gurugram based roadside assistance company, SG Auto Assist (formerly known asSahayata Global Assistance Pvt Ltd.) announced an initiative ‘RSA 4 ALL’ & Adaptation of ElectricVehicles as Service Fleet for sustainable future. This announcement was made along with the celebrationof SG…
EESL Subsidiary To Empanel Electric Two-Wheeler OEMs In Kerala
Convergence Energy Services (CESL), a 100% wholly-owned subsidiary of Energy Efficiency Services (EESL), has issued an expression of interest (EoI) to empanel original equipment manufacturers (OEM) to supply electric two-wheelers (E2Ws) in Kerala. The last date for submission of bids…
Ola In Talks With CESL To Supply Electric Two-Wheelers
The electric vehicle arm of ride-hailing firm Ola is the latest to show interest in supplying electric scooters to state-run Convergence Energy Services Ltd (CESL) that is running India’s biggest-ever push for green mobility, two people aware of the matter…
Ashok Leyland’s UK Subsidiary Acquires Indian EV Subsidiary
Hinduja group’s commercial vehicle major Ashok Leyland Ltd said its UK subsidiary Switch Mobility Ltd has acquired the entire stakes in its Indian subsidiary Switch Mobility Automotive Ltd. Switch Mobility Automotive has thus become a step-down subsidiary of Ashok Leyland….
Delhi Govt Approves Single-Window Facility To Facilitate Expansion Of EV Charging Infrastructure
The Delhi government approved a single-window facility to facilitate the rapid expansion of charging infrastructure for electric vehicles at private and semi-public places like apartments, group housing societies, hospitals, malls and theatres in the national capital. The decision was taken…