First Batch Of Hero Electric E-Scooters Rolls Out From Mahindra Stable At Pithampur, Madhya Pradesh Updated On Tue, Jul 5th, 2022 by Saurenergy Automobile major Hero Electric made an announcement on July 4 that its strategic partnership with Mahindra group has finally taken the shape of e-scooters. The first batch will be rolled out from the stable of Mahindra Group in Pithampur in Madhya Pradesh. Both the companies had entered into a five-year partnership to cater to the […] Read more
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
175 MW Solar Project Commissioned by Mahindra Susten in Bikaner Updated On Tue, May 24th, 2022 by Saurenergy Adding to the installed capacity of Rajasthan, the state with highest solar irradiance in India, Mahindra Susten has commissioned a portion of its solar project at Kolayat in Bikaner district. Mahindra has commenced the first portion of a 175 MW (AC) out of the total 250 MW solar project. Mahindra has been developing the solar […] Read more
Tata Group declines to participate in ‘EV Battery’ PLI Scheme Updated On Wed, Feb 9th, 2022 by Saurenergy The Tata Group, which is a key player in the country’s transition to clean energy, has decided to not participate in the government’s massive Rs 18,100-crore production-linked incentive (PLI) for the EV Battery development in the country. The Tata Group found that the return on the risks involved in the segment looks unfavourable for them. […] Read more
Mahindra Electric Mobility Launches Passenger e-3W ‘Treo’ in Maharashtra Updated On Fri, Dec 17th, 2021 by Saurenergy Mahindra Group’s electric vehicle arm Mahindra Electric Mobility on Thursday launched its passenger electric three-wheeler “Treo” in Maharashtra, priced at Rs 2.09 Lakh (ex-showroom, Mumbai). The prices include post-FAME-II, state and early-bird subsidies, according to the company. Mahindra Treo commanding a 67 percent market share in the electric three-wheeler space, the company said. According to […] Read more
Kotak Mahindra Arm to invest ₹1000cr in Sify’s Data Center biz, RE Assets Updated On Tue, Nov 2nd, 2021 by Saurenergy A distressed assets focused fund promoted by a Kotak Mahindra Bank arm on Monday announced a Rs 1,000-crore investment in the data centre business of Sify Technologies. The investment in Sify Infinit Spaces will help the company invest up to Rs 4,000 crore in building data centres in Mumbai, Noida, Chennai, Bangalore and Hyderabad and […] Read more
Auto Major Mahindra & Mahindra Sets Up 58 MWp Captive Solar Plant Updated On Thu, Jul 29th, 2021 by Saurenergy Mumbai-headquartered auto major Mahindra & Mahindra Ltd. is adopting a 58 MWp captive solar plant that is expected to generate about 100 million units of power annually beginning 2022. Located in Parbhani district in the Marathwada region of Maharashtra, the solar plant will be built, owned, and operated for a period of 25 years by […] Read more
Flipkart Ties up With Mahindra Logistics to Accelerate EV Deployment Updated On Wed, Apr 7th, 2021 by Saurenergy Indian e-commerce major – Flipkart has partnered with Mahindra Logistics Limited (MLL) as one of its key logistics partners to help fast-track deployment of electric vehicles (EV) across its logistics fleet in the country. The move follows on from the e-commerce majors commitment to have a 100 percent electric logistics fleet and deploy more than […] 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
