Motovolt mobility bets big on newly launched e-scooters
Kolkata, Mar 6 (PTI) City-based Motovolt mobility is betting big on sales of its newly launched e-scooters for both passenger and cargo transportation in the country, a top company official said. The multi-utility e-scooter, manufactured at its Taratola factory, was launched on Tuesday. Adoption of electric mobility is increasing in the country, CEO of Motovolt […] Key Points
ThePrintAuto Expo may be merged into Bharat mobility show: Goyal
India Business News: The Indian government is considering merging the Auto Expo, India's oldest and most well-known motoring show, into the recently concluded Bharat mobility Global Expo. Commerce and industry minister Piyush Goyal sees Bharat mobility as the leading automobile extravaganza of the country and wants to showcase it as the biggest mobility show for domestic and multinational companies. Key Points
Times Of India1,000 modern resting facilities to be built for truck drivers on highways: PM Modi
Long-haul truck drivers need proper sleep and naps to remain alert while on road to avoid accidents. Sleep deprivation is one of the key reasons for road accidents. | Latest News India Key Points
Hindustan TimesAeva to supply self-driving sensors to NTT-backed May Mobility
Aeva Technologies (AEVA.N) on Wednesday said it has inked a deal to supply May mobility with a key sensor for its self-driving shuttles. Key Points
ReutersPassport Index points: India ranks at 144th spot in 2023, sees the largest global drop
India experienced the largest drop in mobility score globally, according to the latest update by the Passport Index. Since its pre-pandemic level, Indias mobility score has fallen from 71 to 70, with a ranking of 144 individually. Large Asian economies including China, Thailand, Vietnam, and Indonesia, also witnessed a decrease in their scores. Key Points
Economic Times
EKA mobility partners with Japan's Mitsui and Netherlands' VDL Groep to manufacture EVs
EKA Mobility, which commissioned a production unit in Pune earlier this year, plans to scale up production capacity to roll out 5000 electric buses and 6000 light commercial vehicles per annum in the first phase. This would be further increased to produce 12,000 electric buses and commercial vehicles each in the medium term, as per market demand. Key Points
Economic TimesMitsubishi picks up 32% stake in TVS VMS
India Business News: Mitsubishi Corporation has invested Rs 300 crore for a 32% stake in TVS Vehicle mobility Solution (TVS VMS), a subsidiary of TVS Mobility. The dealership business of TVS mobility will transform into TVS VMS, a joint venture between TVS mobility and Mitsubishi Corporation. Both parties are committed to supporting the growth of this venture. Key Points
Times Of IndiaShilpa Shetty takes the mobility challenge, speaks of benefits
Shilpa took up the molbility challenge and made it look too easy. “Let’s work on a fitter and healthier version of ourselves,” she added. | Health Key Points
Hindustan TimesECOS mobility IPO Day 1: GMP, subscription status, review, key dates, more. Apply or not?
ECOS mobility IPO opens today with a price band of ₹318-334 per share. The company, offering chauffeur-driven mobility, secured ₹180.36 crore from anchor investors. The IPO closes on August 30, with allocations for institutional, retail, and non-institutional investors. Key Points
mintPiyush Goyal asks auto industry to raise share of vehicles exports to 50% from 14% now
Commerce and industry minister Piyush Goyal has urged the automobile industry to increase its export share to 50% of all passenger vehicles produced in India by 2030. The move is based on the country's labor arbitrage and skilled manpower pool. The Bharat mobility Global Expo 2024, India's first global mobility expo, will feature over 600 exhibitors from over 50 countries, showcasing cutting-edge technologies and breakthroughs in mobility. Key Points
Economic Times
Mega events lined up in coming months: Commerce Minister Piyush Goyal
Commerce Minister Piyush Goyal announces a series of mega-events to bolster India's global economic standing. The lineup includes the Aatmanirbhar Bharat Utsav showcasing diverse offerings, followed by the 'Indus Food' exhibition and the Bharat mobility Global Expo 2024. 'Bharat Tex' will follow, focusing on the entire textile value chain. These events aim to bridge producer-consumer gaps and promote innovation, marking India's enhanced global outreach strategy. Key Points
Economic TimesGreenCell mobility to be pan-India inter-city e-bus mobility player
GreenCell mobility has built a platform to provide Electric Mobility-as-a-Service (eMaaS). GreenCell has been promoted by Eversource Capital. Key Points
Financialexpress4 Simple hacks for how to stay fit and exercise with a desk job
You can still stay fit, healthy, and exercise with a desk job. Sitting all day can cause joint pain, but a mobility routine can help fix the damage. Key Points
InsiderIndia calls out hidden agenda of rich nations to tap poor countries' markets
India criticizes the Global North's hidden agenda of using non-tariff barriers for market access. It urges the WTO to address services trade and mobility issues while emphasizing free trade and addressing the disparity in micro, small, and medium enterprises (MSME). Key Points
Economic TimesExclusive: Uber CEO Dara Khosrowshahi interview; Paytm Bank denies Fema breach
Happy Monday! Uber Technologies will be laser-focussed on its mobility business in India and consolidate its market share, CEO Dara Khosrowshahi told ET in an exclusive interview. More on this in todays ETtech Morning Dispatch. Key Points
Economic Times
Gensol Engineering raises ₹900 crore equity from Elara and others
In January, the renewable energy and electric mobility company reported a consolidated net profit of ₹12.31 crore for the December quarter, compared to a net loss of ₹1.90 crore a year ago. Key Points
mint'Government will try to back startups in mobility sectors'
India Business News: Discover how the government plans to back startups in the mobility sectors, including a payment security mechanism for electric buses and resolving financing issues for electric vehicles. Learn more about the role of larger companies in funding startups in the automobile sector. Key Points
Times Of IndiaFrom Mercedes EQG to Suzuki eVX, EVs take centerstage at Bharat mobility Global Expo
Discover the latest technological leaps in the world of electric vehicles at Bharat mobility Expo. Prime Minister Narendra Modi to visit the expo and witness the iconic designs and futuristic elements of electric cars. Key Points
Economic TimesWatch: Nitin Gadkari takes test ride of sky bus in Sharjah
Gadkari has made a stopover in Sharjah while returning back to India from his Prague tour. In Shahjah, he experienced safety and evacuation demo showcased. | World News Key Points
Hindustan TimesDGCA to collaborate with EASA on unmanned aircraft systems
The Directorate General of Civil Aviation (DGCA) has entered into a pact with European regulator EASA for cooperation in the areas of unmanned aircraft systems and innovative air mobility. This will cover licensing of personnel, training, air traffic management and infrastructure, including Unmanned Aircraft System Traffic Management standards and services. Key Points
Economic Times4 workout tips from 18-year-old CrossFit Games star Emma Lawson
Young athlete Emma Lawson earned the titled of the Second Fittest Woman on Earth at the 2023 CrossFit Games. She said her day includes lots of carbs. Key Points
InsiderExclusive | eVTOL vehicles expected to significantly reduce carbon footprint: Amit Dutt, Managing Director, BLADE India
Alongside the need for sustainability and the growing urban population, there is a scarcity of available road space. This, coupled with the projected increase in spending habits, presents a fantastic opportunity for UAM in India. Key Points
FinancialexpressTata Sons chairman N Chandrasekaran meets UK PM Rishi Sunak after announcement of 'one of the largest ever investments'
Tata Sons on Wednesday announced plans to establish a global battery cell gigafactory in the UK with a capacity to produce 40GW of cells annually. The investment, of over £4 billion, will deliver electric mobility and renewable energy storage solutions for customers in UK and Europe. Key Points
Business TodaySurf Air mobility shares slump 75% in NYSE debut
Electric aviation and regional air travel company Surf Air mobility (SRFM.N) shares slumped 75% below their reference price in a direct listing on Thursday. Key Points
ReutersGlobal auto sales forecasted at 88.3 Million in 2024 amid supply chain risks
New Delhi [India], December 30 (ANI): As the automotive industry braces for 2024, S&P Global mobility predicts worldwide new vehicle sales to reach 88.3 million, marking a 2.8 per cent increase year-over-year. As per S&P Global Mobility, the forecast highlights a continued recovery in light vehicle output, contributing to inventory restocking across various regions. Show […] Key Points
ThePrint
Spain-India Forum: Every second or third youth out of ten in global workforce would be Indian, says MEA Secy
The MEA secretary also highlighted that India is adding almost USD 500 billion to the economy every 18 to 20 months. 'Our demographic profile, the averages being around 30, is also fulfilling both the demand & supply sides of the economic equation, not just for ourselves but for the world,' he said. Key Points
FirstpostAlt mobility to induct 1,000 e-three-wheelers powered by Exponent Energy’s fast-charging tech
Earlier this year, Exponent Energy and Altigreen launched the world's fastest-charging electric three-wheeler cargo vehicle, the Altigreen neEV Tez at Rs 3.55 lakh. Key Points
FinancialexpressElectric mobility firm Yulu Bikes could file for an IPO in FY26
The Bengaluru-based startup, which has a strategic partnership with Bajaj Auto, sees demand for such tech-based vehicles growing amid increasing congestion on roads and the government's commitment towards clean mobility. Meanwhile, in the near to medium term, the Amit Agarwal-founded company is looking to raise both debt and equity to fund its operations. Key Points
Economic TimesEV sector has swerved back into funding avenue. But why are investors staying cautious?
Investment in the Indian electric vehicle (EV) ecosystem is on the rise, with deals worth $1.2bn announced between January and August 2023, set to surpass the total funding announced in 2022, according to Tracxn. The sector has seen a 60% growth in funding in Q3 2023 compared to Q3 2022, and experts predict the emergence of unicorns and consolidation in the EV space. Investment is increasingly focused on credible companies with strong technology and a clear path to profitability, and there is growing interest in EV components, EV mobility services, and the entire EV ecosystem. Key Points
Economic TimesRush To Market Or Build In Haste? EV Startup Creatara mobility At IIT-Delhi Holds Secret
Creatara Mobility, a bootstrap venture started by two engineers, is nowhere on the map amid hard funding times made even more difficult by the pandemic. But they have a secret - do not rush to the market, perfect the product first. Key Points
NDTV.com
Bharat mobility Global Expo 2024 begins tomorrow: Everything you need to know
The Bharat mobility Global Expo 2024, set to showcase the Indian automotive industry, will open on February 1st, 2024, in New Delhi. With participation from automakers and industry giants, the event aims to explore local manufacturing and position India as a global automobile manufacturing hub. Key Points
mintLegacy companies in the mobility space are tying up with and even acquiring young startups to travel into
Legacy companies like Mahindra and Mahindra, Hero MotoCorp, and Gulf Oil are collaborating with startups such as Ather Energy, Charge+Zone, and Tirex to explore opportunities in the mobility space. These collaborations aim to leverage synergies in electric vehicle (EV) and ecommerce sectors. Mahindra has partnered with Charge+Zone and Statiq to develop an extensive network of EV charging stations. Hero MotoCorp has joined forces with Ather Energy to create an interoperable fast-charging network. RPG Enterprises has acquired Tyresnmore.com, while Gulf Oil has acquired Tirex Transmission to strengthen their presence in the EV market. Key Points
Economic TimesJSW, SAIC ink JV to run MG Motor operations in India
Our strategic collaboration with SAIC Motor aims to grow and transform the MG Motor operations in India with a focus on green mobility solutions, the JSW Group's Parth Jindal said in a media release. The announcement comes amid increased scrutiny by the Indian government on investments made by China amid border tensions. Key Points
Economic TimesTata Motors' subsidiary signs MoU with Jaguar to develop premium EVs
Mumbai (Maharashtra) [India], November 2 (ANI): Tata Passenger Electric mobility Ltd. and Jaguar Land Rover (JLR), both 100 percent subsidiaries of Tata Motors, have entered into a Memorandum of Understanding (MoU) for the licencing of Jaguar’s EMA platform for the development of the ‘premium pure electric’ vehicle series ‘Avinya’. Pure electric mid-sized SUVs for international […] Key Points
ThePrint1st tender for 3,000 e-buses under PM-eBus Sewa scheme likely to be issued next week
Housing & urban affairs ministry has received proposals from 5 states for buses. Scheme aims to provide financial support of Rs 20,000 cr for e-buses in cities with poor public transport. Key Points
ThePrint
ZF, KPIT to co-promote Qorix’s automotive middleware products and solutions
At present, Qorix is a subsidiary of KPIT, fully focused on middleware solution development. ZF shall invest 50 percent towards equity in Qorix pending regulatory approvals. Key Points
Financialexpress