AIC T-Hub is the largest Atal Incubation Centre (AIC) among over 70 such centres in India. AIC T-Hub has launched the fourth cohort of its mobility accelerator programme ‘Charge’, selecting 21 startups developing solutions in electric mobility, shared transport, fleet management and related technologies. The current cohort includes startups working on electric vehicle charging (Evya.Energy,… Continue reading AIC T-Hub launches fourth ‘Charge’ cohort to boost 21 mobility startups
Author: Economic Times of India Online News
Mahindra Logistics launches ‘Alyte’ premium tech-enabled B2C mobility service
Bookings can be made via the newly launched Alyte mobile app, which features real-time ride tracking, secure payments, live GPS monitoring, and 24/7 human customer support. Mahindra Logistics Ltd. has launched Alyte, a refreshed premium B2C mobility brand aimed at digitally connected urban commuters. It has been initially rolled out in the Delhi-NCR region, and… Continue reading Mahindra Logistics launches ‘Alyte’ premium tech-enabled B2C mobility service
GAIL, Hindustan Copper signs MoU to jointly explore and develop critical mineral resources
“This MoU represents a forward-looking step towards unlocking the potential of India’s mineral wealth while also exploring strategic opportunities abroad.” GAIL and Hindustan Copper Limited (HCL) have signed a Memorandum of Understanding (MoU) to collaborate on the exploration and development of critical mineral resources in India and abroad, a move aimed at strengthening the country’s… Continue reading GAIL, Hindustan Copper signs MoU to jointly explore and develop critical mineral resources
Transporters gear up for festive surge driven by e-commerce
Indore’s transport sector braces for festive season surge fuelled by booming e-commerce demand. As the festive season approaches, the transport sector in Indore is gearing up for a significant boost in business, primarily driven byTransport sector prepares for festive season surge driven by e-commerce the growing e-commerce sector. With festivities commencing from Rakshabandhan and continuing… Continue reading Transporters gear up for festive surge driven by e-commerce
Nagpur expands electric vehicle infrastructure with 11 new charging stations
Nagpur begins work on 11 new public EV charging stations to support its growing fleet of nearly 78,000 electric vehicles. With 77,795 electric vehicles already on roads, Nagpur is racing to keep pace with the city’s shift towards green mobility. To meet the demand, Nagpur Municipal Corporation (NMC) has launched work on 11 new public… Continue reading Nagpur expands electric vehicle infrastructure with 11 new charging stations
PM E-Drive scheme gets extra mileage, to roll on till 2027
Centre extends PM E-Drive scheme for electric buses, ambulances and trucks till March 2028, keeping fund allocation unchanged at ₹10,900 crore. The Centre has extended the validity of the PM E-Drive scheme by two years for electric buses, ambulances and electric trucks. A gazette notification said the scheme will now lapse in March 2028 instead… Continue reading PM E-Drive scheme gets extra mileage, to roll on till 2027
No impact of rare earth magnets supply issue on production: Tata Motors Group CFO PB Balaji
Tata Motors CFO says rare earth magnet shortage has not impacted EV production at Tata Motors or JLR and is unlikely to in the near future. Rare earth magnets shortage issue has had no impact on production of Tata Motors and JLR’s electric vehicles and is unlikely to affect in the foreseeable future, although there… Continue reading No impact of rare earth magnets supply issue on production: Tata Motors Group CFO PB Balaji
Tata Motors Q1 hit by volume decline, US tariffs on JLR
The company reported a negative automotive free cash flow of ₹12,300 crore for the quarter, driven by adverse working capital impacts from seasonality and tariffs. Net automotive debt stood at ₹13,500 crore. New Delhi: US President Donald Trump’s tariff offensive and softer domestic demand conditions weighed on Tata Motors’ performance during the April-June quarter of… Continue reading Tata Motors Q1 hit by volume decline, US tariffs on JLR
Mixed bag for EVs in July as cars zoom ahead while 2-wheelers falter
The two-wheeler segment is increasingly vulnerable to supply-side disruptions. India’s electric vehicle landscape presented a mixed picture in July. While electric passenger vehicles (ePVs) accelerated into double-digit growth territory, electric two-wheelers (e2Ws) stumbled amid raw material shortages and geopolitical uncertainties. According to data released by the Federation of Automobile Dealers Associations (FADA), e2W retail sales… Continue reading Mixed bag for EVs in July as cars zoom ahead while 2-wheelers falter
Tata Motors Q1 FY26 net profit falls 30% as revenue slips 2.5%
Tata Motors’ Q1 FY26 net profit drops 30% YoY to ₹3,924 crore, hit by lower volumes and reduced JLR profitability. Tata Motors on Friday reported a consolidated revenue of ₹1,04,407 crore for the quarter ended June 30, 2025, down 2.5 per cent year-on-year, with profit before tax (before exceptional items) at ₹5,617 crore. According to… Continue reading Tata Motors Q1 FY26 net profit falls 30% as revenue slips 2.5%