Ramkrishna Forgings Limited, a prominent supplier of rolled, forged, and machined products, has announced a significant breakthrough in its push towards electric mobility. The company has received approval from the largest electric passenger vehicle manufacturer in the USA to supply powertrain components, signaling the start of a promising strategic partnership and marking its entry into […]
In a significant move to enhance the electric vehicle (EV) ecosystem in India, Adani TotalEnergies E-Mobility Limited (ATEL), a subsidiary of Adani Total Gas Limited (ATGL), and MG Motor India have entered into a Memorandum of Understanding (MoU). This collaboration aims to develop advanced charging solutions and value-added services for EV customers nationwide, underscoring the […]
In a landmark move towards sustainable development in transport and mobility, RITES Ltd., a leading transport infrastructure consultancy, has forged a strategic partnership with the Indian Institute of Technology, Madras (IIT-Madras). This collaboration is set to pioneer green energy projects with a focus on the infrastructure for transportation and storage of green hydrogen and green […]
In an era marked by rapid shifts towards sustainability and innovation, Tata Motors Limited has emerged as a pivotal force, driving the automotive industry forward with impressive sales figures in the fiscal year 2024 (FY24). With a total sale of 2,65,090 units in Q4 FY24, Tata Motors has not only surpassed its previous year’s performance […]
In a significant development for sustainable mobility in India, Tata Motors, the country’s premier automobile manufacturer, has officially opened its fifth Registered Vehicle Scrapping Facility (RVSF) near Delhi. This facility, aptly named ‘Re.Wi.Re – Recycle with Respect,’ was launched by Mr. Girish Wagh, Executive Director at Tata Motors. Boasting of environmentally friendly processes, the facility […]
Uno Minda Limited, a renowned global Tier-1 supplier of automotive systems and solutions, has recently announced a significant stride in the electric vehicle (EV) domain through a Technical License Agreement (TLA) with StarCharge Energy Pte. Ltd. This collaboration is set to revolutionize the EV charging infrastructure in India by introducing advanced Electric Vehicle Supply Equipment […]
In a major move that underscores the rapid evolution of the global mobility landscape, Moove, the fintech revolutionizing access to vehicle ownership, has announced a $100 million Series B funding round, catapulting the company’s valuation to an impressive $750 million. This latest financial injection, with significant contributions from Uber and Mubadala—the latter leading Moove’s previous […]
H.I.G. Capital, a prominent global alternative investment firm boasting $60 billion in capital under management, has declared a definitive agreement to carve out the Thermal Commercial Vehicles division from Valeo. The division, henceforth known as “Spheros,” is positioned for closure within the year, pending customary regulatory approvals. Based in Germany, Spheros stands as the forefront […]