Sunday, April 7

Tag: EV

Greaves Finance launches EV Financing Platform evfin
EV Industry Updates, EV Updates

Greaves Finance launches EV Financing Platform evfin

Greaves Finance, a non-banking financial company (NBFC) and a wholly-owned subsidiary of Greaves Cotton has launched a financial platform christened ‘evfin’. This platform it says aims to revolutionise the world of electric vehicle financing and more. The Economic Survey 2023 highlights the pivotal role of the automotive industry in the shift towards green energy. It predicts that the domestic EV market will experience a remarkable compound annual growth rate (CAGR) of 49 percent from 2022 to 2030, with an anticipated annual sales volume of 10 million units by 2030. To expedite the transition towards electric vehicles amidst their increasing adoption, it is crucial to address the complete lifecycle journey of EV usage for consumers. evfin suite ensures a superior EV j...
BEST Gets Global Recognition in ‘Climate & Health’ Category for Its EV Fleet & Technology Adoption
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BEST Gets Global Recognition in ‘Climate & Health’ Category for Its EV Fleet & Technology Adoption

The BEST has won the UITP Awards, one of the world’s most coveted prize In public transport.It was the winner in the ‘Climate and Health’, category and was also among the top three finalists in ‘Public And Urban Transport Strategy’ category. The award ass announced at Barcelona , said former general manager Lokesh Chandra, who had led the innovations during his tenure in BEST. He was recently transferred to MSEDCL as its managing director.BEST has received the award for its largest fleet of electric buses in the country and for adopting technology such as tap-in tap-out facility in buses, digital ticketing, premium app based electric buses etc. It plans to convert the entire fleet to electric and grow it to 10,000 buses to meet global standards by 2027. It will also go for 100% Rene...
Schaeffler India receives Rs 2,700 crore order for its electric axle for EVs
EV Industry Updates, EV Updates, Industry Updates

Schaeffler India receives Rs 2,700 crore order for its electric axle for EVs

Automotive and industrial parts maker Schaeffler India, part of the Euro 16 million Germany-based Schaeffler Group, has received a Rs 2700 (Euro 300 million) order for its two-in-one electric axles as the supplier transitions to electrification from internal combustion.  The order, is the company's first system-level solution offering in the electric vehicle space, Schaeffler India said over a recent earnings call. According to Harsha Kadam, Managing Director and CEO of Schaeffler India, the electric axle order is for the electric passenger vehicle with this customer for the next seven years.  “This is the pure electric solution that we are bringing to India now. The series production will start by the middle to second half of next year. In terms of volumes, it is going...
Merck Lifescience enters into strategic contract with LP Logiscience, introduces EVs for transportation
EV Industry Updates, EV Updates, Industry Updates

Merck Lifescience enters into strategic contract with LP Logiscience, introduces EVs for transportation

Merck Lifescience has recently signed a strategic contract with LP Logiscience, the warehousing and contract logistic arm of the legendary Liladhar Passo group, which launched its first Electric vehicle for distribution. As part of the contract, LP Logiscience will use the EVs for distribution of finished goods from their Rasayani factory, to Merck Lifescience customers, across Mumbai. The contract is a part of Merck and LP Logiscience’s commitment to achieve mutual sustainability goals and to move towards carbon-neutral distribution services. The Inauguration of the EV vehicle happened in the presence of Andre‘ Overmeyer, Head of Global Plant Operations, Merck Lifescience, Bhushan Patil, Head, Country Procurement – India, South East Asia, and ANZ, Merck Lifesciene, Rashmi Iyer, Head o...