Wardwizard Innovations & Mobility Ltd. has announced a rights issue to fund execution of the first dispatch order under its USD 1.29 billion electric vehicle agreement with the Philippines, with deliveries of 4,500 units valued at USD 30.6 million scheduled for completion by June 2026. The Vadodara-based electric vehicle manufacturer received delivery timelines for 4,500… Continue reading Wardwizard Announces Rights Issue for Philippines EV Order Execution
Author: Autocar_Professional India Online News
Wardwizard Announces Rights Issue for Philippines EV Order Execution
Wardwizard Innovations & Mobility Ltd. has announced a rights issue to fund execution of the first dispatch order under its USD 1.29 billion electric vehicle agreement with the Philippines, with deliveries of 4,500 units valued at USD 30.6 million scheduled for completion by June 2026. The Vadodara-based electric vehicle manufacturer received delivery timelines for 4,500… Continue reading Wardwizard Announces Rights Issue for Philippines EV Order Execution
Simple Energy Secures $10 Million Bridge Round for Retail Expansion
Bengaluru-based electric two-wheeler manufacturer Simple Energy raised $10 million in an all-equity bridge funding round on September 25, 2025, led by existing investor Dr. Arokiaswamy Velumani, Founder of Thyrocare’s Family Office, to expand its retail network across India and fund marketing initiatives. The funding round included participation from existing investors Balamurugan Arumugam and the Haran… Continue reading Simple Energy Secures $10 Million Bridge Round for Retail Expansion
Simple Energy Secures $10 Million Bridge Round for Retail Expansion
Bengaluru-based electric two-wheeler manufacturer Simple Energy raised $10 million in an all-equity bridge funding round on September 25, 2025, led by existing investor Dr. Arokiaswamy Velumani, Founder of Thyrocare’s Family Office, to expand its retail network across India and fund marketing initiatives. The funding round included participation from existing investors Balamurugan Arumugam and the Haran… Continue reading Simple Energy Secures $10 Million Bridge Round for Retail Expansion
Jupiter Electric Mobility Launches Containerised Battery Energy Storage Systems
Jupiter Electric Mobility (JEM), a subsidiary of Jupiter Wagons Limited, has announced the launch of its new 10-foot and 20-foot containerised Battery Energy Storage Systems (BESS), marking the company’s expansion into the clean energy storage sector. The modular, air-cooled systems offer storage capacities ranging from 241 kWh to 3 MWh and are designed for applications… Continue reading Jupiter Electric Mobility Launches Containerised Battery Energy Storage Systems
Exclusive: Hemant Barge Exits Tata Motors After Three Decades; Sudhir Chikhle Steps In to Lead PV & EV Procurement
Tata Motors has announced a significant leadership change in its supply chain organisation even as it executes the strategic demerger of its Passenger Vehicles (including EVs) and Commercial Vehicles (CVs). Hemant Barge, who spent nearly 30 years with the company, has stepped down as Head of Purchase & Parts Development, Supply Chain Management, and Supplier… Continue reading Exclusive: Hemant Barge Exits Tata Motors After Three Decades; Sudhir Chikhle Steps In to Lead PV & EV Procurement
Montra Electric Opens Advanced Electric Truck Manufacturing Plant in Manesar
Montra Electric HCV (IPL Tech), the clean mobility division of the Murugappa Group, has inaugurated a new electric heavy commercial vehicle manufacturing facility in Manesar, Haryana. The plant represents a significant investment in India’s electric vehicle infrastructure and sustainable freight solutions. The facility spans 255,000 square feet of land with a built-up area of 150,000… Continue reading Montra Electric Opens Advanced Electric Truck Manufacturing Plant in Manesar
Autobahn Corporation Claims Three Awards at FADA 2025 Ceremony
Autobahn Corporation has secured three major recognitions at the Federation of Automobile Dealers Association (FADA) Awards 2025, reinforcing its position as a dominant force in India’s automotive retail sector. The company claimed the prestigious Dealer of the Year award for the second consecutive year, marking the highest honor in the country’s dealership industry. Additionally, Autobahn… Continue reading Autobahn Corporation Claims Three Awards at FADA 2025 Ceremony
Only 15% of Auto Companies Ready to Dominate Next Decade, KPMG Study Finds
A new report from KPMG reveals that the global automotive industry stands at a pivotal moment, with only 15% of companies demonstrating the strategic capabilities needed to thrive in the next decade. The firm’s 25th Annual Global Automotive Executive Survey, based on responses from 775 senior executives worldwide, identifies a “Five Ts” framework that distinguishes… Continue reading Only 15% of Auto Companies Ready to Dominate Next Decade, KPMG Study Finds
Ultraviolette X-47 Electric Motorcycle Records 3,000 Bookings in First Day
Electric vehicle manufacturer Ultraviolette reported that its newly launched X-47 Crossover motorcycle received over 3,000 bookings within 24 hours of its market introduction, prompting the company to expand its promotional pricing structure. The Bengaluru-based company announced it would extend its introductory offer, initially available to the first 1,000 customers, to cover the first 5,000 purchasers… Continue reading Ultraviolette X-47 Electric Motorcycle Records 3,000 Bookings in First Day