Indigo’s Legal Flight Against Mahindra: The ‘6E’ Battle
In the latest turn of events, Indigo dragged Mahindra & Mahindra’s subsidiary, Mahindra Electric Automobile Limited, to court for using the word “6E” in the name of their new electric vehicle, the BE 6E. A trademark infringement lawsuit was filed against the company in the Delhi High Court. According to the Economic Times, the case…
Yash Sharma
India’s Import Tax Cuts Present An Opportunity For Tesla
Last Friday, the Indian government announced that it would cut the import tax on vehicles, which is exactly what electric car manufacturers like Tesla and other competitors are looking for to get their foot set in the third-largest car market in the world. For years now, the import tax in India has been very hefty….
ABHYUDAYA MITTAL
Nifty Crosses 20,000 Points For First Time In HistoryÂ
The Nifty 50 benchmark has crossed 20,000 points due to its strong inflows and macroeconomic indicators. Recently, the stock market in India saw a notable upswing in day trading, with the Nifty index crossing by 188.2 points or 0.94%. This impressive jump in the stock market resulted in Nifty breaking an all-time record high of…
Mahindra Acquires Rivigo’s B2B Express Unit For Rs 225 Crore
Mahindra Logistics has acquired logistics startup, Rivigo’s B2B express cargo service unit for INR 225 crore in a slump sale. As per a regulatory filing to the BSE, this deal is expected to be finalised before November 1. Under the terms of the deal, Mahindra Logistics will acquire the express business, including the clients, team,…
Aman Goyal
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…
Jio-BP To Partner With Mahindra For Low-Carbon EV, Signs MoU
Jio-BP and Mahindra Group have teamed together to investigate battery swapping technologies for electric three-wheelers, as well as Mobility as a Service (MaaS) and Battery as a Service (BaaS). Reliance BP Mobility Limited (RBML), which operates under the Jio-BP brand, signed a non-binding Memorandum of Understanding (MoU) with the Mahindra Group today. With this MoU,…
John David