Mention
Chetan Maini Invests In AutoNxt Automation Ahead Of Market Launchedit
Today (November 13), Chetan Maini and his brother, Sandeep Maini, have announced their investment in the ongoing funding round of AutoNxt Automation Pvt. Ltd. Maini brothers have invested through their new electric mobility firm, Virya Mobility 5.0 LLP.
Industry
Ola Electric inducts former Hyundai and Tata Motors exec onto its boardedit
Business Standard Ola Electric Mobility (Ola Electric), the ride-hailing firm’s electric vehicle arm, has appointed former top Tata Motors and Hyundai Motors India executive B V R Subbu as a member of the company’s Board of Directors. Ola said Subbu brings with him a wealth of experience that spans across four decades. At Tata Motors, he held multiple leadership responsibilities across the vehicles and spares marketing, service and sales finance functions. As the president of Hyundai Motor India, Ola said, he built the company to a position of pre-eminence in the Indian automotive industry.
MG Motor wants to “define and lead” the EV space in India, to offer charging stations tooedit
MG Motor, one of the two newcomers in the Indian passenger vehicle market this year, is in an aggressive mode to grow, not only in the conventional internal combustion vehicle industry but also in the emerging electric passenger vehicle market. That’s perhaps reflected in its strategy of making the second of its first five models, an EV. “We want to lead the EV category in the country. Our next offering, the ZS EV, is going to be a game-changing thing. I think the Indian consumers would not have experienced this kind of a car in India,” Rajeev Chaba, president and MD, MG Motor India tells Autocar Professional.
Tata Power partners with Zoomcar for EV fleetedit
Power discom TPDDL has rolled out a pilot project to switch over to an electric vehicle fleet for its operations and maintenance work by collaborating with car rental company Zoomcar. The project will be rolled out in a phased manner, under which initially 12 electric vehicles of Zoomcar will be used for Tata Power Delhi Distribution Limited (TPDDL) operation and maintenance activities, including installation of smart metres in North Delhi, TPDDL said in a press release.
Masdar Acquires Stake in Hero Future Energiesedit
Masdar has developed renewable energy projects in more than 25 countries, including major utility-scale projects and those that improve energy access in rural communities and least developed countries. And now, entering the Indian renewable energy market, the firm has acquired a robust minority stake in Hero Future Energies, the renewable energy arm of Hero Group.
Mahindra-owned Peugeot enters European e-scooter market with Peugeot E-Ludixedit
Peugeot, the 121-year-old French motorcycle brand, has entered the e-bike market with its all-electric Peugeot E-Ludix scooters. Mahindra & Mahindra, the current owner of the Peugeot brand, has already exported the first batch of `Made in India’ Peugeot E-Ludix scooters to be sold in Europe, say reports.
Big setback for electric vehicle order for EESL: Numbers down by 70 percentedit
Competition
Bajaj Chetak Electric Scooter Bookings To Begin In Novemberedit
Bajaj Chetak electric scooter made its debut on 16th October in Delhi. The two-wheeler maker flagged off the ‘Bajaj Chetak Electric Yatra’ on the same day that’s going to conclude tomorrow (14th November) in Pune. The scooter will be exclusively showcased to the media and the potential customers.
Ultraviolette Rides Out First eMotorcycleedit
Bengaluru- based electric vehicle startup Ultraviolette Auto- motive on Wednesday unveiled its first electric motorcycle, F77, which will hit the roads in the third quarter of 2020. The motorcycle, which is being pegged as a high performance EV, has a claimed range of 150 kilomet- res on a single charge and a top speed of 140 km per hour. The bike’s on-road price is expected to be .`3 lakh-3.25 lakh. “…for electric mobility to become mainstream in India, it is important to build and develop vehicles that are desirable and come with a certain pride of ownership,” said Narayan Sub- ramaniam, founder and CEO of Ultravio- lette.