Mumbai/Bengaluru:Amazon.com Inc., through its logistic partners is reportedly in talks with Mahindra Electric to source electric three-wheelers for some of its global operations. Mahindra Electric has delivered a few test mules of its Treo Zor electric three-wheeler to the e-commerce behemoth’s logistics partners in Japan and Vietnam, a person aware of the development said. Mahindra… Continue reading Amazon eyes global ride aboard Mahindra Electric’s Treo Zor EV
Author: Economic Times of India Online News
Geotagging of warehouses in works for location tracking
NEW DELHI: The government is working on geotagging all warehouses, cold storages and refrigerated vans in the country for real-time tracking of the location and status of space availability. The data will be captured in a mobile app, which can be used by the government as well as farmers to locate the nearest warehouses and… Continue reading Geotagging of warehouses in works for location tracking
Triton Electric Vehicle inks MoU with BEL for development of EVs and ESS
NEW DELHI: US-based Triton Electric Vehicle has signed a Memorandum of Understanding (MoU) with Bharat Electronics Limited (BEL) for developing electric vehicles and energy storage systems. As per the MoU, BEL will be the exclusive manufacturing partner to Triton in India for identified products, while Triton will provide the know-how and technical documentation required for… Continue reading Triton Electric Vehicle inks MoU with BEL for development of EVs and ESS
40 lakh two-wheelers, 11 lakh cars in Karnataka are over 15 years old
BENGALURU: Around 63 lakh vehicles in Karnataka, including nearly 22 lakh in Bengaluru, are more than 15 years old, data with transport department reveals. The numbers assume significance in the backdrop of the Centre working on phasing out old and polluting vehicles under its vehicle-scrapping policy.According to the records (till March 2020), the 63 lakh… Continue reading 40 lakh two-wheelers, 11 lakh cars in Karnataka are over 15 years old
Scrappage policy to make India top auto hub in world: Gadkari
The minister emphasised that a policy has to be made to empower the poor. WARDHA: Supporting the scrappage policy announced in the Budget, Union minister Nitin Gadkari on Saturday said it would spur India to become the world’s number one automobile manufacturing hub in next five years. Interacting with the media in Wardha, the Nagpur… Continue reading Scrappage policy to make India top auto hub in world: Gadkari
Mahindra hints at hiking vehicle prices in Q1 next fiscal
New Delhi: Mahindra & Mahindra Ltd on Friday hinted at a possible price hike of its range of vehicles in the next few months due to rising commodity prices. The company, which was recently reported to have cut jobs in its North American operations, is likely to reduce it further even as it prepares to… Continue reading Mahindra hints at hiking vehicle prices in Q1 next fiscal
Mahindra’s profit slides on one-time Ssangyong hit
BENGALURU: Mahindra and Mahindra (M&M) Ltd reported a slump in third-quarter profit on Friday, as the carmaker reported a one-time loss on its South Korean unit Ssangyong Motor which has filed for bankruptcy Mahindra, as part of a wider review to retain only those businesses with the potential to make money, has been in talks… Continue reading Mahindra’s profit slides on one-time Ssangyong hit
Anish Shah to take charge as MD & CEO of Mahindra & Mahindra from Arpil
New Delhi: Auto major Mahindra & Mahindra (M&M) on Friday announced the appointment of Anish Shah as Managing Director and Chief Executive Officer of the company with effect from 2nd April 2021 for a period of five years. Currently Shah is holding the charge of Deputy Managing Director and Group Chief Financial Officer. “Accordingly, Dr.… Continue reading Anish Shah to take charge as MD & CEO of Mahindra & Mahindra from Arpil
Ford to speed up push to electric autos, digitization
Ford shares rose 1.2 percent in after-hours trading to $11.51. New York: Ford announced Thursday a dramatic acceleration of its investment push into electric autos and signaled deepening collaborations with technology giants on the increased digitization of driving. The US auto giant, released fourth-quarter and annual results, and said it plans $22 billion in electric… Continue reading Ford to speed up push to electric autos, digitization
EU electric and plug-in hybrid car sales jump to over 1 million in 2020
LONDON – Sales of electric and plug-in hybrid cars in the European Union almost trebled to over 1 million vehicles last year, accounting for more than 10% of overall sales, data showed on Thursday. The jump in sales shows electrified vehicles are becoming more mainstream products after years of being a niche market and it… Continue reading EU electric and plug-in hybrid car sales jump to over 1 million in 2020