Exide Industries Limited (EIL) has announced an investment of ₹100 crore in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights issue. This brings EIL’s total equity investment in EESL to ₹3,702.23 crore. The shareholding of Exide in the subsidiary remains unchanged at 100%. The investment was made by subscribing to 2.5… Continue reading Exide Industries Invests ₹100 Crore in EESL to Fund Bengaluru Battery Cell Plant
Category: US Motoring Press
Uno Minda Completes Acquisition of e-Drives Business Assets from Friwo Vietnam Company
Uno Minda Limited has officially completed the acquisition of e-Drives business assets in Vietnam from Friwo Vietnam Company Limited. The transaction, carried out through its wholly owned step-down subsidiary, Minda Industries Vietnam Company Limited, marks a key strategic milestone for the company. This acquisition aligns with Uno Minda’s ongoing strategy to expand its presence in… Continue reading Uno Minda Completes Acquisition of e-Drives Business Assets from Friwo Vietnam Company
Eraaya Lifespaces’ Subsidiary Ebix Technologies Wins ₹140 Crore Contract for Maharashtra-Wide NCMC Rollout
Eraaya Lifespaces has announced that its Indian subsidiary, Ebix Technologies Limited (formerly EbixCash Limited), has secured a ₹140 crore contract from the Maharashtra State Road Transport Corporation (MSRTC) for the statewide implementation of the National Common Mobility Card (NCMC). This project, the first of its kind in India for concessionary passengers, supports the Government of… Continue reading Eraaya Lifespaces’ Subsidiary Ebix Technologies Wins ₹140 Crore Contract for Maharashtra-Wide NCMC Rollout
Mahindra Finance Announces Senior Management Change as Part of Talent Rotation Strategy
Mahindra & Mahindra Financial Services Limited (Mahindra Finance) has announced a change in its senior management team. As part of the Mahindra Group’s talent rotation strategy, Ketaki Suklikar has been appointed as the new Chief Legal Officer (CLO) of Mahindra Finance, effective November 1, 2025. She will succeed Farida Balsara, the current CLO, who will… Continue reading Mahindra Finance Announces Senior Management Change as Part of Talent Rotation Strategy
Ultraviolette Rolls Out Gen3 Powertrain Firmware and Ballistic+ Mode for F77 Motorcycles
Ultraviolette has launched a new Gen3 Powertrain Firmware for its F77 electric motorcycles, along with an upgraded riding mode named ‘Ballistic+’. The update, developed using data from over 8 million kilometres of real-world riding, is aimed at improving performance and responsiveness across all F77 variants. The new Ballistic+ mode offers a sharper and quicker acceleration… Continue reading Ultraviolette Rolls Out Gen3 Powertrain Firmware and Ballistic+ Mode for F77 Motorcycles
Electric Two-Wheeler Sales Cool in July as China Curbs Bite
A few months ago, purchasing an electric two-wheeler in India was straightforward. Walk into any dealership, choose your model, complete the paperwork, and ride home the same day. The Indian electric vehicle market operated on this efficiency, supported by a steady supply chain. At the center of this operation was a component: magnets from China.… Continue reading Electric Two-Wheeler Sales Cool in July as China Curbs Bite
Maruti Suzuki Opens Fourth Japan-India Manufacturing Institute in Sonipat
Maruti Suzuki India Limited has opened admissions for its fourth Japan-India Institute for Manufacturing (JIM) at Master Atul Government ITI in Sonipat, Haryana. The facility will accommodate over 100 students in its first batch across four trades: Mechanic Motor Vehicle, Machinist, Welder, and Fitter. Classes are scheduled to begin in September 2025. The company has… Continue reading Maruti Suzuki Opens Fourth Japan-India Manufacturing Institute in Sonipat
Electric Bike Sales Soften in July as China Restrictions Take Hold
In the first half of 2025, India’s electric two-wheeler market was on an unstoppable trajectory. With well over five lakh units registered, the momentum seemed set to propel the industry towards the coveted one-million-unit mark for the year. June alone contributed over 94,000 units, fuelled by strong consumer demand and attractive government subsidies, painting a… Continue reading Electric Bike Sales Soften in July as China Restrictions Take Hold
SML Isuzu Reports 44% Jump in Q1 Profit Despite Revenue Increase
SML Isuzu Limited announced its unaudited financial results for the first quarter ended June 30, 2025, reporting a net profit of Rs 66.96 crore compared to Rs 46.39 crore in the corresponding quarter of the previous year, marking a 44% increase. The company’s revenue from operations rose to Rs 845.89 crore in Q1 FY26, up… Continue reading SML Isuzu Reports 44% Jump in Q1 Profit Despite Revenue Increase
Cityflo Partners with Aaveg to Launch Electric Bus Fleet in Delhi
Cityflo has partnered with fleet management provider Aaveg to deploy electric buses in Delhi NCR, marking the mobility platform’s first electric vehicle initiative in the capital region. The partnership was announced on July 22, 2025. Under the agreement, Aaveg will own and maintain the electric buses while Cityflo manages customer operations including route planning, booking… Continue reading Cityflo Partners with Aaveg to Launch Electric Bus Fleet in Delhi