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Altigreen Propulsion Labs mulls securing Rs 700 crore in funding: Report

Altigreen Propulsion Labs is mulling securing around Rs 700 crore (US$ 85 million), as it looks to bolster production and fund new models, Bloomberg reported citing persons in the know.  The firm, which includes the likes of Mukesh Ambani as an investor, is looking at a US$ 350 million valuation in the fresh capital raise,… Continue reading Altigreen Propulsion Labs mulls securing Rs 700 crore in funding: Report

MHI allegedly proposes to deregister Greaves Electric Mobility from FAME India Scheme Phase II Scheme

Greaves Electric Mobility (GEMPL) informed the stock exchanges on May 26, that the Ministry of Heavy Industries vide its letter dated May 25, 2023, has alleged that the company purportedly failed to adhere to the Phased Manufacturing Programme Guidelines and allegedly has proposed to deregister it from FAME India Scheme Phase II (‘Scheme’). MHI has… Continue reading MHI allegedly proposes to deregister Greaves Electric Mobility from FAME India Scheme Phase II Scheme

MHI allegedly proposes to deregister Greaves Electric Mobility from FAME India Scheme Phase II Scheme

Greaves Electric Mobility (GEMPL) informed the stock exchanges on May 26, that the Ministry of Heavy Industries vide its letter dated May 25, 2023, has alleged that the company purportedly failed to adhere to the Phased Manufacturing Programme Guidelines and allegedly has proposed to deregister it from FAME India Scheme Phase II (‘Scheme’). MHI has… Continue reading MHI allegedly proposes to deregister Greaves Electric Mobility from FAME India Scheme Phase II Scheme

Renault’s Luca De Meo states that Euro 7 emission rules deviating sector from working towards electrification: Report

Renault Chief Luca De Meo stated two days ago, that the Euro 7 emission rules would deviate the automotive sector from its electrification path, Reuters reported. The newswire further stated that Meo offered his thanks to Italy, for opposing them.  Luca De Meo, who also serves as President of the ACEA (the European Automobile Manufacturers Association)… Continue reading Renault’s Luca De Meo states that Euro 7 emission rules deviating sector from working towards electrification: Report

MG Motor India launches Gloster Blackstorm edition at Rs 40.30 lakh

MG Motor India has launched the Blackstorm edition of its premium SUV, the Gloster, at Rs 40.3 lakh. The SUV is mechanically unchanged and features a black theme across the exterior and interior.  MG Gloster Blackstorm edition exterior The dimensions of the Gloster remain unchanged with a length of 4,985mm, a width of 1,926mm and height of 1,867mm. However,… Continue reading MG Motor India launches Gloster Blackstorm edition at Rs 40.30 lakh

Electric bus NueGo expands services in South

NueGo, the electric bus brand from GreenCell Mobility, has commenced its first-ever electric bus services on Chennai-Pondicherry, Chennai- Bangalore and Chennai-Tirupati routes. Devendra Chawla, CEO, GreenCell Mobility said that these services mark the expansion of NueGo’s services in the south with the launch of their operations in Chennai-Pondicherry, Chennai-Tirupati and Chennai-Bengaluru.  The brand is successfully… Continue reading Electric bus NueGo expands services in South

Mobil signs Hrithik Roshan as new brand ambassador

Vipin Rana, CEO, ExxonMobil Lubricants said, “We believe his personality will resonate well with trade partners and consumers to feel confident about what Mobil can deliver to serve India’s lubrication needs”. Mobil, a petroleum brand owned and operated by American oil and gas corporation ExxonMobil, has signed Hrithik Roshan as a brand ambassador. Vipin Rana,… Continue reading Mobil signs Hrithik Roshan as new brand ambassador