BluSmart, an EV ride hailing service and EV charging infrastructure network has annnounced a multi-year power purchase agreement (PPA) with Tata Power’s subsidiary, Tata Power Trading Company, to source green power. Under the PPA, 30 MW capacity will be sourced by TPTCL from Tata Power’s 200 MW Solar PV power plant in Bikaner district, Rajasthan. This… Continue reading BluSmart partners with TATA Power to source green power
Author: Autocar_Professional India Online News
Tata Motors’ Mohan Savarkar on driving towards inclusive safety
In recent times, safety has emerged as a critical consideration for consumers when purchasing a new vehicle. Although factors such as fuel efficiency, advanced features, and attractive design still influence buyer’s choices, there has been a notable shift towards prioritizing the latest in car safety technology, sturdy build quality, and higher safety ratings. Consumers now anticipate… Continue reading Tata Motors’ Mohan Savarkar on driving towards inclusive safety
Newly-formed South Asian Automobile Forum to expand Trade in the Region
The Society of Indian Automobile Manufacturers (SIAM) along with the Bangladesh Automobiles Assemblers and Manufacturers Association (BAAMA), the Ceylon Motor Traders’ Association, Sri Lanka (CMTA) and the NADA Automobiles Association of Nepal (NADA), recently formed a South Asian Automobile Forum at the sidelines of Bharat Global Mobility Expo in February 2024. This forum aims to… Continue reading Newly-formed South Asian Automobile Forum to expand Trade in the Region
Ultraviolette appoints Ajay Shanker as CFO
Ultraviolette Automotive has appointed Ajay Shanker as its Chief Financial Officer (CFO). Shanker has over 25 years of experience in financial roles at Schneider Electric, IIM Bangalore – NSRCEL, Aricent (Flextronics), Cannon Inc and Yamaha Motors. His last stint as CFO was with Schneider Electric for their International Business GSC covering India, the Middle East, Africa and… Continue reading Ultraviolette appoints Ajay Shanker as CFO
Hyundai and Kia partner top Korean university to develop next-gen lidar sensors
Hyundai Motor Company and Kia have announced today that they, in association with Korea’s leading science and technology university KAIST, will set up the ‘Hyundai Motor Group-KAIST On-Chip LiDAR Joint Laboratory at the KAIST headquarters in Daejeon, Korea to develop lidar sensors for advanced autonomous vehicles. The joint lab aims to develop high-performance and small-sized… Continue reading Hyundai and Kia partner top Korean university to develop next-gen lidar sensors
Minda gets CCI nod for Pricol stake, weeks after exiting rival
The Pricol Minda saga continues yet again. Just weeks after Minda Corporation announced that it will exit its 15.7% stake in rival company Pricol, at around Rs 660 crore, raking in roughly Rs 160 crore, the Competition Commission of India on Tuesday approved the acquisition of up to approximately 8.79% of equity share capital of Pricol… Continue reading Minda gets CCI nod for Pricol stake, weeks after exiting rival
Eco Mobility Expands Partnership with DreamFolks to Deliver Car Rental Services as part of DreamFolks Club Memberships
Car rental service provider Eco Mobility today announced the expansion of its four-year partnership with DreamFolks, airport and travel services aggregator. Eco Mobility will now extend its fleet of luxury chauffeur-driven vehicles to DreamFolks customers under the newly launched DreamFolks Club memberships. Under the renewed agreement, Eco Mobility will provide luxury car rental service to… Continue reading Eco Mobility Expands Partnership with DreamFolks to Deliver Car Rental Services as part of DreamFolks Club Memberships
Joy e-bike surpasses 1,00,000 units sales of electric two wheelers
In a milestone achievement, electric vehicle maker Wardwizard Innovations & Mobility (WIML) rolled out its 1,00,000th unit, Mihos from its manufacturing plant in Vadodara under the Joy e-bike brand. As India’s first listed EV company on the BSE, WIML introduced its first Low-Speed Electric Scooter, the Butterfly, in 2018. The company has a portfolio of… Continue reading Joy e-bike surpasses 1,00,000 units sales of electric two wheelers
Vidyut secures USD 10 million in Series A funding to build full-stack EV ecosystem
Vidyut, a pioneering full-stack EV ecosystem startup, has successfully raised USD 10 million in its Series A funding round, led by 3one4 Capital. This round also saw participation from investors such as Saison Capital, Zephyr Peacock, Force Ventures, Alteria Capital, and Sujeet Kumar, CEO of Udaan. The investment, comprising equity and debt funding, underscores Vidyut’s… Continue reading Vidyut secures USD 10 million in Series A funding to build full-stack EV ecosystem
TVS SCS secures 5-year contract extension with Rolls-Royce for Parts Distribution Centre in Singapore
TVS Supply Chain Solutions Limited, a leading global supply chain solutions provider, announced the extension of its contract with Rolls-Royce for an additional five years until 2029. The extended partnership pertains to the operation of the state-of-the-art Parts Distribution Centre (PDC) in Singapore, serving Rolls-Royce’s Power Systems business unit across the Asia Pacific markets. This… Continue reading TVS SCS secures 5-year contract extension with Rolls-Royce for Parts Distribution Centre in Singapore