Mahindra Electric Approves Rs 12,000 Cr Investment In EVs Updated On Fri, May 17th, 2024 by Saurenergy Mahindra Electric Automobile Limited recently approved an investment of Rs. 12,000 Cr. in Mahindra Electric Automobile Limited (MEAL) in one or more tranches, over three years up to 31st March 2027. MEAL is expected to fund in company over the next 3 years. Moreover, Mahindra and Mahindra (M&M) and its auto division are expected to generate sufficient operating cash to satisfy all their capital investment needs. Previously, […] Read more
Custom-made Vehicles from Mahindra for Amazon’s EV Fleet Program Updated On Wed, Nov 8th, 2023 by Saurenergy Amazon has introduced its global last mile fleet program in India. In a first such global initiative for the firm, the fleet will boast 100% electric vehicles (EVs), Amazon EV Fleet Program. The program will facilitate 300 Delivery Service Partners (DSPs) to lease a fleet of tailored three-wheeler electric vehicles through a fleet management firm. […] Read more
Gender Gap Narrows Down In EV Sector With Higher Participation From Women Updated On Wed, Dec 28th, 2022 by Saurenergy Women-owned business enterprises and their participation are playing a prominent role in society by generating employment opportunities in almost all sectors of the economy. The auto industry isn’t an exception either. This article is not just an appreciation of their contribution but also focuses on their varied experiences in the EV automobile industry. As per […] Read more
Amplus Solar Adds Mahindra’s Three-Wheeler EV Zor Grand To Mobility Fleet Updated On Thu, Sep 8th, 2022 by Saurenergy The electric mobility vertical of Amplus Solar has signed an MoU with Mahindra Electric to procure Zor Grand, which Mahindra claims to be its brand-new breakthrough three-wheeled electric vehicle. Amplus Solar is a member of the Malaysia-based Petroliam Nasional Berhad (PETRONAS) group and is headquartered in Gurugram, India. Amplus Solar held that with this addition, […] Read more
Mahindra Electric’s FY 2022 Revenues Hit Rs 443.8 Cr As Losses Drop Updated On Mon, Aug 22nd, 2022 by Saurenergy Electric vehicles are the future and Indian car makers such as Mahindra which has been testing the EV waters for the past decade anticipates 20-30% of its portfolio to comprise electric vehicles by 2027. To ramp up its EV capabilities, Mahindra & Mahindra had recently created a new EV unit Ev Co and raised $250 […] Read more
Significant Employment Growth in Electric Vehicle Sector, Women At The Forefront: Report Updated On Tue, Jul 12th, 2022 by Saurenergy A new study by CIEL Human Resources Services has revealed that the employment growth in the electric vehicle segment in the past two years has been a staggering 108 per cent. As far as different trades of works are concerned, the report found that the engineering department was dominant in hiring. Thereafter, operation and sales, […] Read more
The Top 5: Electric Three-wheeler Manufacturers in India Updated On Tue, Apr 26th, 2022 by Saurenergy The Indian electric vehicle segment, just like the rest of the world, has shown an enthusiastic uptick over the last few years. The country’s three-wheeler EV market is one of the segments with the highest potential in electric mobility as the country notched up a record 45 per cent share in total EV sales in […] Read more
Flipkart to Deploy 25,000 EVs in Supply Chain, Partners with EV Manufacturers Updated On Wed, Feb 24th, 2021 by Saurenergy India’s homegrown e-commerce marketplace, Flipkart today announced that it is going to deploy more than 25,000 electric vehicles (EVs) by 2030. This initiative has been taken up to achieve its commitment to transit its logistics fleet into EVs and help set up charging infrastructure around delivery hubs and offices to fast track the EV adoption […] Read more
Amazon India Ties up With Mahindra Electric to Strengthen E-mobility Commitments Updated On Tue, Feb 23rd, 2021 by Saurenergy Amazon India has announced its partnership with Mahindra Electric to further strengthen its commitment towards electric mobility in the country. Earlier in 2020, Amazon India had announced that its fleet of delivery vehicles will include 10,000 electric vehicles (EVs) by 2025 in India. These EVs are in addition to the global commitment of 100,000 electric […] Read more
