These incentives will be provided on electric two-wheelers, e-cycles, e-rickshaws, e-autos and electric light commercial vehicles. Punjab’s transport minister Laljit Singh Bhullar has said the state government will provide incentives worth around Rs 300 crore in the next three years to promote the adoption of electric vehicles (EVs) and reduce pollution, PTI reported. These incentives… Continue reading Punjab announces Rs 300 crore incentive to promote use of EVs: Report
Author: Autocar_Professional India Online News
Punjab announces Rs 300 crore incentive to promote use of EVs: Report
These incentives will be provided on electric two-wheelers, e-cycles, e-rickshaws, e-autos and electric light commercial vehicles. Punjab’s transport minister Laljit Singh Bhullar has said the state government will provide incentives worth around Rs 300 crore in the next three years to promote the adoption of electric vehicles (EVs) and reduce pollution, PTI reported. These incentives… Continue reading Punjab announces Rs 300 crore incentive to promote use of EVs: Report
Tummoc raises US$ 1 million in pre-Series A funding, led by Inflection Point Ventures
Tummoc, a Bengaluru-based multi-modal connectivity platform, has raised US$1 million in a Pre-Series A Round led by Inflection Point Ventures. The funds will be used for the recruitment and training of personnel, and the development of technology and software, besides marketing and administrative requirements. Tummoc is a comprehensive transit technology platform that offers multi-modal… Continue reading Tummoc raises US$ 1 million in pre-Series A funding, led by Inflection Point Ventures
Carlyle is looking to offload a 2.53% stake in Delhivery: Report
Carlyle is looking to sell offload 2.53% stake in Gurgaon-based logistics and supply chain services firm Delhivery via a block deal, which is expected to fetch the PE firm roughly Rs 709.5 crore, as per media reports. Reports further suggest that Carlyle is offering 18.4 million shares of Delhivery, via an entity named CA Swift… Continue reading Carlyle is looking to offload a 2.53% stake in Delhivery: Report
Mercedes AMG launches new SL 55 at Rs 2.35 crore
Mercedes AMG has launched the new SL 55 in India with prices starting from Rs 2.35 crore (ex-showroom, India). The roadster features a 2+2 seating layout and a fabric roof, and is being brought in as a CBU. Now in its seventh generation, the SL technically replaces the S-Class cabriolet, the AMG GT Roadster and the sixth-gen SL in… Continue reading Mercedes AMG launches new SL 55 at Rs 2.35 crore
Mercedes AMG launches new SL 55 at Rs 2.35 crore
Mercedes AMG has launched the new SL 55 in India with prices starting from Rs 2.35 crore (ex-showroom, India). The roadster features a 2+2 seating layout and a fabric roof, and is being brought in as a CBU. Now in its seventh generation, the SL technically replaces the S-Class cabriolet, the AMG GT Roadster and the sixth-gen SL in… Continue reading Mercedes AMG launches new SL 55 at Rs 2.35 crore
Tata Motors Finance extends Rs 25 crore structured credit facility for BluSmart Mobility’s EV fleet expansion
Tata Motors Finance (TMF) has partnered with EV ride hailing service provider BluSmart Mobility, to facilitate the expansion of its fleet and operations in Delhi NCR. The said credit facility is offered in the form of an umbrella financing cum lease solution that will enable BluSmart to expand its fleet by 200 electric vehicles. Samrat… Continue reading Tata Motors Finance extends Rs 25 crore structured credit facility for BluSmart Mobility’s EV fleet expansion
CUMI appoints Sridharan Rangarajan as MD
Carborundum Universal, a part of the Murugappa Group, has appointed Sridharan Rangarajan as Managing Director of the company, effective August 3, 2023. Sridharan is currently the Director – Finance and Strategy of the firm. Sridharan succeeds N Ananthaseshan who will be retiring and stepping down as a Director at the close of business hours on… Continue reading CUMI appoints Sridharan Rangarajan as MD
Hyundai Motor partners with Culture Convenience Club to offer personalised zero emission vehicle lifestyle
Hyundai Motor Company, Hyundai Mobility Japan, and lifestyle content company Culture Convenience Club (CCC) today signed a memorandum of understanding (MOU) to co-create sustainable lifestyle services for the zero-emission-vehicle (ZEV) era. The partnership aims to further facilitate Hyundai Motor’s efforts to satisfy Japanese customers with zero-emission vehicles and online sales since its re-entry into the… Continue reading Hyundai Motor partners with Culture Convenience Club to offer personalised zero emission vehicle lifestyle
EXCLUSIVE: Daimler veteran Michael Benz joins Tata Motors CV Biz, to steer development of new generation engines
Michael Benz, a veteran engine specialist from the global truck maker Daimler AG has joined Tata Motors to lead its Power Systems Engineering Division for the commercial vehicle business as the company strives to stay ahead in the alternate fuel business. Benz takes charge as the Vice President of the division from Milind Peshave, who retires… Continue reading EXCLUSIVE: Daimler veteran Michael Benz joins Tata Motors CV Biz, to steer development of new generation engines