Yuma’s rapid growth makes it one of India’s largest and fastest-growing BaaS networks. New Delhi: Yuma Energy, the technology-powered battery-as-a-service (BaaS) company founded as a joint venture between Magna and Yulu, has completed 10 million battery swaps. Yuma’s rapid growth makes it one of India’s largest and fastest-growing BaaS networks. With 125-plus Yuma stations clocking… Continue reading Yuma Energy completes 10 m battery swaps in a year
Author: Economic Times of India Online News
F MEC partners with Finayo to disburse INR 25 crore for EV trade financing.
The fund’s disbursement will follow a strategic roadmap with INR 10 crore and INR 15 crore-20 crore allocated for the first and second year respectively. New Delhi: F MEC International Financial Services Limite, a RBI-registered NBFC, has partnered with AI-powered SaaS technology green mobility lending platform, Finayo, to disburse INR 25 crore within the next… Continue reading F MEC partners with Finayo to disburse INR 25 crore for EV trade financing.
Business levers sound, cost scenario looking steady: Rakesh Sharma, Bajaj Auto
I would say that the most heartening thing is that after a nice season, usually you have a fall-off in December at least in 2Ws and 3Ws, but we did not witness that kind of a fall-off in December. “The business was really carried forward through the revival, first of all, in the domestic market… Continue reading Business levers sound, cost scenario looking steady: Rakesh Sharma, Bajaj Auto
Rupee ticks higher, aided by slip in US bond yields
The rupee was at 82.9825 against the U.S. dollar as of 09:45 a.m. IST, barely changed from its previous close at 83.0550. The Indian rupee strengthened on Wednesday, aided by a drop in U.S. bond yields which also helped lift most Asian currencies. The rupee was at 82.9825 against the U.S. dollar as of 09:45… Continue reading Rupee ticks higher, aided by slip in US bond yields
India Energy Week: India boosts cleaner fuel availability with 9,000 ethanol-blended outlets, says PM Modi
Ethanol blending witnessed a significant rise from 1.5% in 2014 to 12% in 2023 leading to a reduction in carbon emissions by about 42 million metric tons. Prime Minister Narendra Modi on Tuesday said that the number of outlets offering ethanol-blended petrol across India has now reached 9,000, marking a significant increase in the availability… Continue reading India Energy Week: India boosts cleaner fuel availability with 9,000 ethanol-blended outlets, says PM Modi
Foxconn India to spend INR 1,200 cr to build a factory, scale up operations
The investment was made through a Foxconn subsidiary – Hon Hai Technology India Mega Development. Chip-making giant Foxconn said on Tuesday that its Indian subsidiary will spend INR 1200 crore to build a factory. The new facility will come up on a company-owned land. In an exchange filing, which has been reviewed by ET, the… Continue reading Foxconn India to spend INR 1,200 cr to build a factory, scale up operations
Maharashtra and Delhi lead with highest number of EV charging stations in country
The scheme specifies a ceiling of INR 3.50 per unit of electricity used for slow AC charging of EVs at charging stations. There are 12,146 of public Electric Vehicle (EV) charging stations are operational across the country, Minister of state for Heavy Industries, Krishan Pal Gurjar informed the Lok Sabha on Tuesday. Maharashtra leads the… Continue reading Maharashtra and Delhi lead with highest number of EV charging stations in country
How India can march towards global manufacturing leadership
The positive developments in the manufacturing sector are creating a robust pipeline for sustained economic growth with the potential to catapult India into a global manufacturing hub. New Delhi: A strong manufacturing sector is the cornerstone of making a country an economic powerhouse. As India sets sights on becoming a USD 5 trillion economy by… Continue reading How India can march towards global manufacturing leadership
India expected to grow faster at 6.2% in FY25: OECD
“High geopolitical tensions are a significant near-term risk to activity and inflation, particularly if the conflict in the Middle East were to disrupt energy markets,” it said. Strong investment growth is likely to push India’s economy to grow faster at 6.2% in FY25 compared with 6.1% projected earlier, the Organisation for Economic Co-operation and Development… Continue reading India expected to grow faster at 6.2% in FY25: OECD
Audio Interview: Buckle Up: Emerging Trends in New Mobility Worldwide
In this GlobalAutoIndustry.com Audio Interview “Buckle Up: Emerging Trends in New Mobility Worldwide” Ron Hesse speaks with Sam Baker. Mr. Baker serves as the Managing Partner of MobilityFund, a venture capital firm focusing on early-stage investments in disruptive technologies in the transportation sector, including connectivity, autonomy, sharing, and electrification. MobilityFund is backed by global automotive… Continue reading Audio Interview: Buckle Up: Emerging Trends in New Mobility Worldwide