Electric Vehicles

Mahindra Group Likely To Split Auto Business Into Three Units

Mahindra Group Likely To Split Auto Business Into Three Units

The Mahindra Group has initiated a restructuring to trifurcate which contributes 55% to the group revenue. The exercise will involve separating the electric vehicles (EV), tractors, and passage vehicles (PV) business into three independent companies via a demerger process, according to the people who know the plan. Currently, these belong to Mahindra & Mahindra as…

CESL‌ ‌Launched‌ ‌Tender‌ ‌Worth‌ ‌₹‌ ‌5,500‌ ‌ Cr.‌ ‌for‌ ‌5,580‌ ‌Electric‌ ‌Buses‌

CESL‌ ‌Launched‌ ‌Tender‌ ‌Worth‌ ‌₹‌ ‌5,500‌ ‌ Cr.‌ ‌for‌ ‌5,580‌ ‌Electric‌ ‌Buses‌

Delhi: Chief Minister, Arvind Kejriwal, flagged-off first e-bus on Monday, and 300 more buses will join the public transport system soon. CESL, Central Government Agency Convergence Energy Services Ltd., launched the biggest tender ever worth INR 5,500 crore to procure 5,580 buses, including double-decor, in the capital city, New Delhi.  With this, the Delhi government,…

Electric Vehicles Sales Grew By 240% in December 2021

Electric Vehicles Sales Grew By 240% in December 2021

India: A huge market of electric vehicles (EV) seen in December 2021, predicts that India is going to have a massive demand for electric vehicles in forthcoming years. As per reports shared by JMK Research and Analytics, more than 50,000 new electric vehicles were registered in December, 2021, which is 240% higher than in December…

Switch Mobility, An EV Subsidiary Of Ashok Leyland, Scouts To Raise Funds

Switch Mobility, An EV Subsidiary Of Ashok Leyland, Scouts To Raise Funds

According to an insider source, commercial vehicle manufacturer, Ashok Leyland Ltd. is looking for its electric vehicle segment funding. “The company recently shifted its electric vehicle operations to its subsidiary Switch Mobility to better capitalise on growth potential,” said CFO Gopal Mahadevan. The board of directors of Ashok Leyland authorised the transfer of the electric…