Keen To Enter Into RE, OTPP Offers Rs 2300 Cr For 49% Stake In Mahindra Susten Updated On Thu, Jun 23rd, 2022 by Saurenergy One of the largest pension funds in Canada, Ontario Teachers’ Pension Plan (OTPP), is looking to acquire a stake of close to 49%, worth Rs 2,300 crore in Mahindra Susten Pvt Ltd, thereby valuing the entity at Rs 4,600 crore, inclusive of debt. An exclusivity clause has been signed between OTPP and Mahindra Susten. With […] Read more
The Top 5: India’s Leading-Battery Makers and Their EV battery Plans Updated On Fri, Mar 11th, 2022 by Saurenergy In the changing global scenario of battery usage technology, it is worthwhile to observe how India’s Leading-Battery Makers cater to the requirements, and what their EV battery plans are. The stored-energy needs worldwide have increased with the emergence of the EV segment as a substitute to conventional ICE. With that, the demand for better batteries […] Read more
Mahindra Group to Invest Fresh Rs 3000 cr in EV Business Updated On Wed, Mar 2nd, 2022 by Saurenergy Leading Indian automaker Mahindra & Mahindra Ltd (M&M) has said that the company will invest Rs 3000 crore in the coming three years in the electric vehicle segment where it will combine its capabilities of all the current operations across the world. Managing Director and CEO Anish Shah said that the company has massive investment plans for […] Read more
COGOS Expands Its Fleet with 2500 New Electric Vehicles Updated On Wed, Jun 30th, 2021 by Saurenergy In an effort to reduce the carbon footprint of its fleet and to achieve sustainable growth, Bangalore-based COGOS, the end-to-end enterprise logistics company has announced to expand its fleet by 2500 electric vehicles (EVs). The company will expand across major cities like Bangalore, Hyderabad, Delhi, and Gujarat, and later in Maharashtra and Tamilnadu. This fleet […] Read more
Mahindra Cancels Share Purchase Pact Worth Rs 105 Cr with CLP India Updated On Mon, Sep 14th, 2020 by Saurenergy Mahindra & Mahindra has terminated a share purchase agreement with CLP India to sell the entire stake held by Mahindra Renewables in Neo Solren. Mahindra & Mahindra (M&M) has announced that it has terminated a share purchase agreement with CLP India to sell the entire stake held by its step down arm Mahindra Renewables in Neo Solren (NSPL) for […] Read more
Mahindra Partners With Israel’s REE Automotive to Develop EVs Updated On Thu, Aug 27th, 2020 by Saurenergy Mahindra & Mahindra has inked a pact with Tel Aviv-based REE Automotive to explore the production of commercial EVs. Mahindra & Mahindra (M&M) has announced that it has inked a pact with Tel Aviv-based REE Automotive to explore the production of commercial electric vehicles (EVs). The Mumbai-based firm has signed a memorandum of understanding (MOU) […] Read more
Mahindra Renewables Sells its 3 Arms to CLP India for About Rs 340 Cr Updated On Sat, Feb 22nd, 2020 by Saurenergy India’s leading car maker Mahindra & Mahindra said that its wholly-owned renewables subsidiary, Mahindra Renewables, has sold its entire stake in three subsidiaries for about Rs 340 crore to CLP India, an arm of Hong Kong-based CLP Group. CLP India has entered into a share purchase agreement to buy 100 percent shareholding each in Cleansolar Renewable […] Read more
