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Where is Amazon India investing its $1 billion? This holds clue

The brand has plans to establish Digital Haats to enable businesses to integrate into the digital economy.

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Jan 18, 2020, 10.53 PM IST

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MG’s electric ZS SUV outsells EVs of M&M, Tata and Hyundai at launch

MG Motors, a subsidiary of Chinese auto major SAIC, has invested over Rs 3,000 crore in India so far, and is now preparing to pump in additional investments to launch new models.

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  • Italian-American automaker Fiat Chrysler and the parent of iPhone assembler Foxconn are planning to set up a joint venture to build electric cars and develop internet-connected vehicles. Fiat Chrysler is looking to make up ground in the battery-powered vehicle space and is set to launch its first full-electric model - the 500 small car - this year.

    Greaves Cotton-owned Ampere Vehicles, which makes electric scooters, has made its entry into the ecommerce segment through a deal with grocery app BigBasket. It has also entered into an agreement with Bengaluru-based Bounce for deploying scooters for ride-share.

    Pawan Goenka, managing director at M&M said, “Our partnership is aimed at increasing the large-scale adoption of EVs and bringing a positive change in consumers’ daily commute.” Sanjay Krishnan, co-founder and chief executive officer at Lithium Urban Technologies said the firm is looking at doubling its fleet size in the next two years.

    The company aims to expand the offerings to Bengaluru, Pune, Hyderabad, Chennai and Amaravati in the next three years and 25 more cities in the next five years with a target of catering to around 1 million vehicles.

    While stating that the government has done its bit to help e-mobility, the company said it was time for manufacturers to work towards reducing EV prices in order to make it viable for personal usage even as new business models in the shared mobility space proving it to be a sound proposition.

    Under the agreement, EVIT will make the entire upfront investment on services pertaining to the MoU, along with the operation and maintenance of battery swapping infrastructure, the company said in a statement. The state-owned telecom operator on the other hand would be responsible for providing the requisite space and power connections.

    PM Narendra Modi, gave the post-facto approval for inking of MoU between the Indian Railways and the Department for International Development under the UK government on Wednesday. The duo agreed for energy planning for the national transporter in the fields of solar and wind energy, fuel efficient, and electric vehicle charging infrastructure.

    Sebi's reclassification of market capitalisation for stocks was good in intent, but done in bad times, says this market veteran, as he looks...

    Gegadyne uses non-lithium based battery technology that can charge EVs from 0-100% in less than 15 min.

    China-based luxury electric brand Byton has brought the production model of its first entry into the growing EV market to Las Vegas. The M-B...

    "The vision is very clear, is to drive the change towards more cleaner petrol and electrified vehicle. This is something we believe in" says ​​​Balbir Singh Dhillon, head of the Audi brand in India..

    Commenting on the partnership, Tata Motors President - Electric Mobility Business & Corporate Strategy said Tigor EVs would be a valuable addition to Prakriti E-Mobility's offerings as it aptly addresses the requirements of longer range applications and also provides higher revenue earning potential for commercial customers.

    The Delhi Electric Vehicle Policy 2019 approved by the state cabinet on Monday focuses on electric two-wheelers, shared transport vehicles and goods carriers or freight vehicles, since they contribute to majority of the vehicular pollution, an official statement said.

    Baghirathi Sustainability India Pvt Ltd is currently operating a fleet of around 131 electric vehicles in India. Traditionally, a transportation solutions company that uses technology which delivers transportation solutions. Baghirathi Group has ventured into electric cars in the year 2016 to help India mitigate GHG emissions.

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