E MOBILITY SOLUTIONS
India's EV plans to get a policy boost as govt may fast-track 3 big-ticket schemes
The Indian government plans to fast-track three major electric vehicle schemes in its first hundred days, including incentives for local battery production and electric bus procurement under FAME 3. Aimed at boosting clean mobility, these initiatives aim to propel India towards net-zero goals amid rising global demand for EVs.
Indian Army inducts first-ever indigenous chip-based made in India 4G base station from Signaltron
The Indian Army has introduced its first indigenous chip-based 4G mobile base station, procured from Signaltron, a Bangalore-based firm, via the government e-marketplace portal. Developed using India's own Signalchip technology, the Sahyadri LTE base stations mark a significant milestone in domestic communication technology. Signaltron's Sahyadri Network In a Box (NIB) systems, weighing just 7 kgs, offer secure wireless communication for audio, video, and data, operating seamlessly in standalone or cellular modes. With 20 units supplied initially, the army plans strategic deployments based on operational needs, enhancing flexibility and security with locally developed chip technology.
73% IPOs trading above issue price as primary market shines in H1, four turn multibaggers
The fundraising of Rs 26,272 crore, however fell short of the previous two years likely due to the absence of mega issues. Investors' reception also remained positive with only one failed IPO.
Route Mobile enables WhatsApp ticketing for Nagpur, Hyderabad, Pune metro services
Route Mobile has partnered with Billeasy E Solutions to offer WhatsApp-based metro rail ticketing services in Nagpur, Hyderabad, and Pune, expanding to four Indian cities including Delhi. Users can chat with the metro's WhatsApp account, select stations, purchase tickets, and receive QR codes. Route Mobile's shares rose 13.59% to Rs 1,737 on the BSE.
BPCL retail outlets will act as EV hubs to purchase, test ride & experience electric scooters
BPCL has teamed up with Bounce Infinity, an Indian electric scooter manufacturer, to accelerate EV adoption in India by launching "eDrive stores" at BPCL retail outlets. These stores aim to make electric two-wheelers more accessible nationwide. Pardeep Goyal, BPCL's Business Head of Retail, highlighted the initiative's role in supporting sustainability goals and transforming fuel stations into versatile energy hubs.
Global Economic Summit 2024 to empower MSMEs through fintech solutions
India's fintech sector is set to host the 9th Global Economic Summit in Mumbai from August 8-10, 2024, focusing on 'FinTech: Accelerating the Digital Revolution.' The event features support from ONDC, DLAI, and Atal Incubation Centre - RMP, with notable speakers discussing evolving market trends and critical technologies.
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Japan’s Mitsui invests Rs 200 crore in Pune-based EKA Mobility
EKA (Pinnacle Mobility Solutions) Mobility - one of the commercial vehicle manufacturers approved under the Champion OEM (Original Equipment Manufacturer) Scheme & EV component manufacturing scheme of the Rs 25,938 crore auto PLI policy - has a strategic partnership with Japan’s Mitsui and Netherlands-based VDL Groep to manufacture electric buses and light commercial vehicles.
A report shows, India's non-cash payments on ecommerce platforms surge to 58.1% from 20.4% six years ago
India has seen the fastest jump in alternative payment share for ecommerce payments in the Asia Pacific region from 20.4% in 2018 to 58.1% in 2023 says a report by GlobalData, a data and analytics company. The report showed that such alternative payments are already popular in countries like China and India and are gaining traction in other APAC markets.
Magenta Mobility joins hands with with Tata Motors, deploys 100 Ace EV
Magenta Mobility partners with Tata Motors to deploy over 100 Tata Ace EV units, including Ace EV and Ace EV 1000, as part of their MoU from October 2023. Maxson Lewis expresses excitement about their 'Ab Ki Baar Dus Hazaar' program aiming for 10,000 EVs by 2025. Vinay Pathak highlights the milestone in revolutionizing intra-city distribution.
Citroen signs MoU with CAB-EEZ Infra Tech to supply 2,000 units of e-C3 EVs
Citroen announced it will supply 2,000 units of its electric vehicle, the e-C3, to CAB-EEZ Infra Tech Pvt Ltd, expanding their fleet for urban mobility. The MoU includes the delivery of the first 100 units, adding to the 200 already in service across Mumbai and Pune.
From phones to fries: Flipkart users may soon be able to order food via ONDC
Flipkart users may soon be able to order from various fast-food outlets and restaurants, such as Dominos and McDonalds, from Flipkart app. This development is noteworthy because the government started ONDC to counter the dominance of Amazon and Flipkart. Recently several top Flipkart executives met ONDC officials for the integration.
Best extension cords starting at just 309 for safety, durability, and versatility at home
Explore a range of the best extension cords tailored to meet diverse needs. Whether for indoor appliances or outdoor power tools, these best extension cords offer durability and safety. Choose from a variety of lengths and styles, including heavy-duty options for demanding applications. Upgrade your power solutions effortlessly with the top extension cords available, ensuring convenience and reliability for all your electrical needs.
ET Road Safety & Safer Mobility Forum 2024: Steering a smarter, safer, and sustainable supply chain by accelerating safety tech in logistics
The ET Road Safety & Safer Mobility Forum 2024 gears up for its third roundtable, focusing on ‘Enhancing Safety Standards in Modern Logistics and Supply Chain.’ This session will put intelligent AI solutions in the spotlight, showcasing how they can revolutionise safe practices within the ever-evolving logistics landscape. By prioritising both road and fleet safety, the forum aims to create a more secure and efficient supply chain ecosystem.
MG Motor India signs pact with Vertelo to deliver 3,000 EVs
MG Motor India has partnered with Vertelo to supply 3,000 EVs, aiming for fleet electrification and robust charging infrastructure. The collaboration aligns with a vision for a green and sustainable future, accelerating the shift towards sustainable transportation. MG's EV lineup, including the 'Comet' and 'ZS EV', complements Vertelo's electrification solutions.
We have lots of tailored solutions for MSMEs to drive efficiency and cut costs: Bar Code India's Ram Bhutani
Bar Code India (BCI) claims to leverage over 25 years of expertise to deliver cutting-edge software and hardware solutions that enhance supply chain and manufacturing operations. At the core of BCI's unique selling propositions are its indigenous products like RFID readers and IoT sensors.
TIVOLT Electric set to launch e-SCV under 'Montra Electric' brand
TIVOLT Electric Vehicles, a joint venture by Murugappa Group and TI Clean Mobility, to launch e-small commercial vehicles under 'Montra Electric' brand. Tube Investments of India's Vellayan Subbiah highlighted India's role in global EV adoption and TICMPL's Rs 3,000 crore commitment to EV sector, including development of MHCV truck and Small Commercial Vehicle platform.
Anand Mahindra unveils India's first electric flying taxi prototype, praises IIT Madras' innovation
Anand Mahindra, Chairman of the Mahindra Group, unveiled India's first electric flying taxi prototype, highlighting IIT Madras' role in innovation. The ePlane e200, developed by the ePlane Company at IIT Madras, aims to revolutionize intra-city commute and cargo transportation. With a travel range of 200 kilometers and speeds up to 200 kmph, the ePlane e200 signifies India's progress in electric air mobility and its emergence as an innovation hub.
Tata Motors launches Tata Ace EV 1000 mini truck
Tata Motors launched the Ace EV 1000 mini-truck for last-mile mobility with a 1-tonne payload and 161km range. It features advanced technology like the EVOGEN powertrain, robust aggregates, and a 7-year battery warranty.
Infosys to acquire engineering R&D services provider in-tech for $480 million
Infosys said in a statement that this investment will help strengthen Infosys’ engineering R&D capabilities and will help global clients to navigate their digital engineering journey.
ElectriFI doubles down on Husk Power Systems with $4 mn investment, accelerates clean energy access
Husk has delivered reliable, clean electricity to remote communities, households, micro, small and medium-sized enterprises (MSMEs) and factories in rural areas without grid connection or where the grid is not providing reliable electricity.
Battle of e-scooters for customers moves to India’s hinterland
The electric scooter segment in India is set for a fierce battle between legacy and new-age OEMs with the launch of Ather Energy's Rizta. Distribution and finance options in small towns and cities will determine the outcome. Legacy OEMs like TVS and Bajaj are expanding their networks, while new-age OEMs face challenges in rural areas due to financing limitations. Offering affordable solutions and innovative financing options could change market dynamics in favor of new-age OEMs.
M&M, Adani Total Energies join hands to set up EV charging infra
Mahindra & Mahindra collaborates with Adani Group's Adani Total Energies E-Mobility Limited to expand EV charging infrastructure, benefiting XUV400 owners. The partnership focuses on enhancing customer experience, energy transition, and meeting climate action goals.
Tech Mahindra, Pegatron sign MoU to develop private 5G solutions for enterprises
The partnership will enable the two organisations to jointly identify opportunities globally, with Pegatron providing the 5G connectivity layer and Tech Mahindra offering end-to-end 5G services.
Mobile phone services suspended across Pakistan as voting begins
"As a result of the recent incidents of terrorism in the country precious lives have been lost, security measures are essential to maintain the law and order situation and deal with possible threats, hence the temporary suspension of mobile services across the country," the interior ministry said in a message on X.
Servotech Power Systems in pact with Adani TotalEnergies for EV chargers supply
Servotech Power Systems has secured an annual rate contract with Adani TotalEnergies E-Mobility for the supply of EV chargers. Under the agreement, Servotech will manufacture, supply, and install AC EV chargers at various airports and other designated locations. The project will be implemented in phases, with the first phase already underway.
Ashok Leyland would confidently move towards 35% market share in MHCV segments: Hinduja
The company expects to maintain its market share in the medium and heavy commercial vehicle segments and aims to reach 35% market share in the future. Ashok Leyland has seen growth in the bus segment, with a 65% increase, twice the industry growth. The company has also improved its market share from 28.2% to 33%. Additionally, Ashok Leyland is nearing market trials for fully electric 55-tonne AVTAR Tractor Trailers and plans to expand its dealer network to reach 1,000 dealers.
EV ride-hailing Snap-E Cabs raises $2.5 million in pre-series A round led by Inflection Point Ventures
The company plans to allocate funds for talent acquisition, tech upgrades and expanding operations into new geographies.
Bharat Forge expects rapid growth in e-mobility and aerospace businesses
Bharat Forge expects significant growth in its electric mobility and aerospace businesses due to rapid electrification in the automobile sector and a strong order book. The company's deputy managing director, Amit Kalyani, stated that these businesses will become multi-million dollar verticals over the next five years. Bharat Forge's e-mobility arm, Kalyani Powertrain Limited, recently unveiled a retrofitted electric truck that can be installed in existing diesel or compressed natural gas-powered vehicles at half the cost of a new electric truck. The company aims to sell thousands of these retrofitted units annually.
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