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Greaves Finance partners with Ikaro Surety to expand Smart.Fin for electric two-wheelers.

Rahul Arora
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Greaves Finance partners with Ikaro Surety to expand Smart.Fin for electric two-wheelers.

Greaves Finance Limited, a Non-Banking Finance Company (NBFC) and a wholly owned subsidiary of Greaves Cotton Limited, has partnered with Ikaro Surety Pvt. Ltd. to enhance its Smart.Fin offering. Operating under its EV-focused lending platform EVFin, Smart.Fin is a buyback and upgrade financing solution designed for electric two-wheelers (E2W). The collaboration aims to build confidence in EV adoption by providing guaranteed resale value to customers, OEMs and dealers.

While the secondary market for E2Ws is still in its nascent stage, evfin is leading the innovation through its Smart.fin product, which offers customers an assured buyback option and seamless upgrade for their electric two-wheelers. Through this new partnership, EVfin will ensure guaranteed buyback value, mitigate any risks related to vehicle resale and strengthen its commitment to create sustainable and hassle-free EV ownership backed by a strong and reliable partner like Icaro Guarantee.

This partnership will be important for both customers and OEMs as well as dealers. For customers, the guaranteed buyback and assured resale value eliminates concerns about depreciation, making it easier for them to upgrade to newer, more advanced vehicles while enjoying a seamless, worry-free ownership experience. For OEMs and dealers, the partnership reduces financial risks associated with resale value, increases confidence in their products and encourages more customer upgrades, which ultimately increases sales and improves customer retention.

Commenting on the partnership, PB Sunil Kumar, CEO, Greaves Finance, said, “Our collaboration with Ikaro is an important step in reimagining the ownership experience for electric two-wheeler customers. This partnership not only ensures secure resale value but also inspires a broader shift to electric mobility. By removing the uncertainty of depreciation, we are committed to driving sustainable growth and making electric two-wheelers an attractive option for today’s consumers.”

Vikas Khandelwal, CEO, Ikaro Guarantee, said, “We are really excited about our partnership with Greaves Finance Limited, which is an industry first that is fundamentally changing the way people shop and adopt electric mobility at scale. Will replace it with. Electric mobility is the future, and we are committed to doing our part to democratize this category. With our rigorous processes and underwriting framework, we provide resale value guarantees that form the backbone of a vibrant ecosystem for the future and are beneficial to all stakeholders, be it financiers, manufacturers, channel partners or end-users. Be a consumer.

EVFin has also partnered with top OEMs that have significant market share, including Ather Energy, Ampere and River Mobility Pvt. Ltd. Ltd., to offer tailored financing solutions. Additionally, EVFin’s financing services are available across all major EV two-wheeler OEMs and dealerships across 47 cities in India.

Pure EV partners with Arava Electric to expand presence in the Middle East and Africa

Rahul Arora
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Pure EV partners with Arava Electric to expand presence in the Middle East and Africa

Pure EV, one of India’s leading electric two-wheeler manufacturers, has announced a strategic partnership with Arva Electric Vehicles Manufacturing LLC, a subsidiary of Clarion Investment LLC. The collaboration aims to increase the distribution and sales of electric motorcycles and bring sustainable mobility options to consumers in the Middle East and African regions.

PURE EV will supply Arava Electric with an initial batch of 50,000 units of its flagship models – Ecodrift and eTryst Following this initial phase, supplies are expected to increase to 60,000 units annually, strengthening Pure EV’s presence in these emerging markets.

Dr. Nishant Dongari, Founder and Managing Director, Pure EV said, “Our commitment to innovation and user experience ensures that we provide market-ready offerings and meet the growing demand for electric mobility solutions. This partnership aims to not only increase sales but also promote sustainable mobility solutions in regions where electric motorcycles are rapidly gaining popularity, marking an important step towards expanding our footprint in the Middle East and African markets. Is. By leveraging our strengths and capabilities with Arava Electric, we are poised to make a significant impact on the electric vehicle landscape globally.

Mr. Aniyan Kutty, Managing Director, Arva Electric Vehicles Manufacturing LLC, said, “We are delighted to partner with Pure EV as their expertise in R&D and cutting-edge technology helps in manufacturing efficient and reliable 2W products. Both companies are committed to promoting eco-friendly mobility solutions with the aim of reducing carbon emissions and supporting environmental sustainability in these regions.

The UAE electric two-wheeler (E2W) market is projected to witness a CAGR of 9.11% during the forecast period 2024-2031, growing from USD 29.97 million in 2023 to USD 60.19 million in 2031. Demand for UAE electric two-wheelers is expected to grow in the market due to easy accessibility of electric motorcycles, rising prices of gasoline products and increasing efficiency of vehicles compared to conventional vehicles.

All intellectual property rights related to the motorcycles will be retained by PURE EV to protect the proprietary technologies as they expand their market penetration. Notably, Pure EV motorcycles are believed to be the only Indian electric motorcycles to be included in the Middle East after proper approval for operation. The government is also planning to provide different incentives and subsidies for the purchase and sale of electric vehicles.

In addition to supplying the motorcycles, PURE EV will serve as a strategic technology partner for Arava Electric, providing expertise and support throughout the delivery process.

Wardwizard partners with Speedforce to expand Joy e-bike service network and reach AutoguideIndia

Rahul Arora
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0
Wardwizard partners with Speedforce to expand Joy e-bike service network and reach AutoguideIndia

Wardwizard Innovation & Mobility Limited, one of India’s leading electric vehicle manufacturers under the ‘Joy e-Bike’ and ‘Joy e-Rec’ brands, has announced a strategic joint venture with Speedforce, India’s leading two-wheeler service chain. The collaboration aims to enhance the after-sales experience for Joy e-bike customers and expand reach to over 1,000 touchpoints across the country. With Speedforce’s extensive network of service cantors across over 350 locations, providing monthly service to an average of 150 vehicles per outlet, Joy e-bikes anticipates the potential to reach over 50,000 customers across the country every month.

Under this venture, Speedforce will exclusively retail Joy e-bike models at its outlets, allowing customers to conveniently purchase and service their Joy e-bikes at one place. This will expand the reach of Joy e-bikes even in areas where dedicated showrooms are not currently available. This expanded availability will help WardWizard reach new customers and strengthen its presence across the country.

Speedforce, which has a strong background in servicing internal combustion engine (ICE) vehicles, has recently forayed into the EV services segment, promoting eco-friendly and green mobility. Through this joint venture, Speedforce will help promote green mobility by supporting Joy e-bikes’ commitment to sustainable transportation. Customers will benefit from getting their vehicles serviced not only at Joy e-Bike showrooms but also at Speedforce outlets across India, especially in areas where Joy e-Bike service stations are not present.

Additionally, Joy e-bike spare parts, lubricants and technical support will be available across Speedforce outlets, ensuring that customers receive end-to-end service and maintenance. This broader network will be particularly valuable in deprived areas such as Seven Sisters in Northeast India, where WardWizard has limited presence.

Mr. Yatin Gupte, Chairman and Managing Director, Wardwizard Innovation and Mobility Limited, said, “We are committed to improving the Joy e-bike experience, supporting our partners and expanding into new markets. The collaboration with Speedforce provides us with its wide service network and also provides us with a good platform to showcase our products to the larger market. By doing this we are not only taking our products to a larger population but also increasing the sales of our products. This partnership will help us provide a seamless and hassle-free experience to customers, strengthen our aftersales services and showcase flagship products while maintaining our commitment towards an eco-friendly future.

Mr. Kapil Bhindi, Director, Speedforce said, “We are excited to join WardWizard in reducing carbon emissions by expanding EV service reach across India. WardWizard offers excellent EV products that will be of interest to many consumers. We are able to support an organization both in sales and after sales. We believe that our extensive network, digital tools and skilled EV technicians will provide exceptional service to Joy e-bike customers and contribute to a greener tomorrow.”

Leveraging Speedforce’s strong base in these regions allows Joy E-Bikes to expand its reach and improve customer satisfaction through convenient service access and high-quality maintenance. This joint effort sets a strong example of industry collaboration to promote eco-friendly practices in India’s mobility sector, taking a step forward towards a cleaner, more sustainable future.

Magenta Mobility expands EV operations in Uttar Pradesh, boosts growth path

Rahul Arora
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0
Magenta Mobility expands EV operations in Uttar Pradesh, boosts growth path

Magenta Mobility, a leader in electric mobility solutions, has announced its expansion into Uttar Pradesh, marking an important milestone in its rapid growth. The company which was operational in Noida, has now launched in four new major cities across the state including Lucknow, Agra, Kanpur and Varanasi, with plans to expand to other cities later. This strategic move strengthens the company’s presence in India, which aligns with its mission to accelerate the transition to electric mobility.

Magenta Mobility aims to deploy more than 2,500 electric vehicles (EVs) in Uttar Pradesh by 2025, expanding green mobility options for last mile delivery services. The effort is part of a broader strategy to establish a comprehensive EV infrastructure across the state, providing cleaner, more sustainable transportation solutions for businesses and consumers.

To support its operations, Magenta has installed its own AC and DC charging hubs and formed strategic partnerships with leading Charging Point Operators (CPOs) for further network expansion. Additionally, Magenta has partnered with Jio-BP to enhance its charging infrastructure, ensuring availability of reliable and fast charging solutions for EV users. The company will also employ over 1,200 delivery partners to contribute to local employment and ensure operational capacity to meet growing demand.

Speaking on the development, Mr. Maxson Lewis, Founder and CEO, Magenta Mobility said, “We are excited to expand our operations in Uttar Pradesh, a state with a visionary EV policy that aligns perfectly with our growth plans . State incentives for electric vehicle deployment, coupled with access to skilled workers and land for infrastructure development, form a solid foundation for our expansion. With a clear roadmap, we are focused on establishing a strong presence in key markets across the region, which will be instrumental in accelerating the adoption of sustainable mobility solutions.

Magenta is leveraging its national partnerships with companies like Flipkart, Amazon, Porter, Delhivery and Kuhne+Nagel to seamlessly integrate its EV fleet into regional logistics and transportation networks. These collaborations will drive better delivery efficiencies and accelerate the adoption of sustainable mobility solutions in key markets.

With this expansion, Magenta is set to play a central role in leading Uttar Pradesh towards greener, more sustainable transportation, strengthening its commitment to innovation, local employment and business growth across the region.

BYD celebrates 30th anniversary with production of 10 millionth NEV

Rahul Arora
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0
BYD celebrates 30th anniversary with production of 10 millionth NEV

BYD, the world’s leading manufacturer of new energy vehicles (NEVs) and power batteries, marked a historic moment in celebration of its 30th anniversary with the roll-off of its 10 millionth NEV at its Xiamen production base in Shenzhen-Shanwei Special Cooperation . Zone. This significant milestone underlines BYD’s unwavering commitment to sustainable transportation and solidifies its position as a global leader in the automotive industry.

At the event, Mr. Wang Chuanfu, Chairman and President of BYD, delivered a keynote speech, highlighting the company’s remarkable transformation from a small startup with only 20 employees to a multinational corporation with nearly one million employees worldwide. Mr. Wang highlighted BYD’s dedication to technological innovation and its important role in shaping the future of mobility.

Achieving the milestone of 10 million NEVs is a testament to BYD’s strong commitment to sustainable development. The company has now become the first automaker in the world to reach this unprecedented figure. Remarkably, BYD took 15 years to produce the first 5 million NEVs and achieved the next 5 million in just 15 months, demonstrating the company’s strategic focus on new energy vehicles and its continuous technological progress.

The 10 millionth vehicle, DENZA Z9, was presented to Mr. Feng Jie, Founder and CEO of Game Science and visionary of the critically acclaimed game Black Myth: Wukong.

Mr. Wang emphasized that BYD’s success is built on the foundation of bold vision, relentless execution and unwavering perseverance. He attributed the company’s achievements to its strong technical capabilities and deeply embedded engineering culture. “The soul of BYD’s engineers is the soul of our company,” he said.

To take an in-depth look at BYD’s culture, renowned Chinese financial journalist and author Qin Shuo conducted interviews with nearly 100 mid- to senior-level executives and employees. These insights are compiled in the book The Soul of Engineers.

Looking to the future, Mr. Wang outlined BYD’s strategic roadmap and introduced BYD Basic Guidelines – a comprehensive document that encapsulates the company’s fundamental principles, historical experiences and forward-looking strategies. This framework will guide BYD’s continued growth and innovation in the years to come.

Looking ahead, BYD will invest 100 billion yuan in developing intelligent technologies that will integrate artificial intelligence with automotive systems, leading to a comprehensive upgrade of its entire vehicle lineup. This commitment will ensure BYD remains at the forefront of technological advancements, maintaining a competitive edge in the global market while meeting people’s aspirations for a better life. With a strong focus on engineering spirit and dedication to sustainable development, BYD is poised to consolidate its position as a world-class high-tech enterprise.

Spinny launches ‘Men’s Day Exclusive’ campaign with up to 10% savings.

Rahul Arora
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0
Spinny launches ‘Men’s Day Exclusive’ campaign with up to 10% savings.

In a world where masculinity is constantly evolving, one connection remains constant – the deep bond between men and their cars. This International Men’s Day, Spinny, India’s leading full-stack car-buying platform, is celebrating this eternal bond with its ‘Men’s Day Exclusive’ campaign. As part of this initiative, Spinny is offering up to 10% off on car purchases – a special tribute to the men who find freedom, adventure and joy behind the wheel.

Through this campaign, Spinny celebrates men who value every road trip, take pride in their vehicles and believe that every drive has a story to tell. The campaign is designed to make finding their dream cars more accessible, memorable and exciting, with the added benefit of exclusive discounts to make the experience even sweeter.

The company offers this limited time opportunity only on 19th and 20th November 2024 to make car ownership a truly enjoyable experience. With Spinny’s seamless purchasing process and reliable quality assurance, car enthusiasts can avail discounts on all Spinny cars. The wide selection of Spinney-certified cars and hassle-free services on the platform ensure an accessible and satisfying journey towards car ownership. Customers can also avail this special Men’s Day celebration online and at all Spinney centers across the country.

Hanish Yadav at Spinny, “Be it the excitement of long drives, or the simple joy of everyday commute, or serving as the best transport for the family, cars hold a special place in the lives of many men. This Men’s Day, we are proud that Spinny celebrates the passion of every car driver who has experienced life’s best moments behind the wheel. With this campaign, we are not only offering special discounts on car purchases, but it is our way of expressing our gratitude to the men who follow their drives.

Spinny operates over 57 car hubs across the country with a total parking capacity of over 20,000 cars with 5 more hubs exclusive to dealer partners. In 2022, Spinny launched its flagship and India’s largest experiential center in Bengaluru, another Spinny Park in Pune, Kochi and Ahmedabad in 2023, and Jaipur, Chennai in 2024. Over the years, Spinny has had a cumulative customer base of over two lakh, and approximately 54% of car purchases are made online through Spinny’s online platform.

Odysse gets order and investment for 40,000 vehicles from Zypp Electric.

Rahul Arora
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Odysse gets order and investment for 40,000 vehicles from Zypp Electric.

Indian two-wheeler electric vehicle (EV) brand Odyssey Electric has secured investment from Zip Electric to accelerate its national expansion. This also includes an order for delivery of 40,000 electric vehicles over the next three years. The deal highlights the rapid growth and potential of electric mobility in India.

This investment is expected to significantly boost the B2B penetration of Odyssey Electric along with expanding the dealership network across the country. By increasing production and expanding delivery capabilities, Odyssey aims to expand its production to meet the growing demand for clean and efficient mobility and delivery options in the personal space as well as in the last-mile delivery space in both urban and rural areas. Capacity has to be increased.

Commenting on the agreement, Mr. Nemin Vora, CEO of Odyssey Electric, said, “We are thrilled to welcome this strategic partnership with Zip Electric. The new investment in Odyssey Electric marks an important moment as we strive to build a cleaner, greener India. His deep industry expertise and vision of fleet electrification will significantly accelerate our nationwide expansion plans, underscoring the strong B2B and consumer demand for electric vehicles. We look forward to revolutionizing India’s transportation and logistics landscape.”

Akash Gupta, co-founder and CEO of Zip Electric, said, “Zip looks to deploy 200,000 EVs in the market over the next 2-3 years to decarbonize last mile delivery. Our investment in Odyssey Electric reflects our confidence in the brand’s vision, product quality and growth trajectory in India’s electric mobility sector. Odyssey’s commitment towards superior quality of EVs and ability to adapt to Zip’s long-term needs is in line with our principles, and we look forward to this journey of redefining mobility and enhancing last mile delivery across various cities in India and beyond. I am thrilled to partner with them.

This agreement represents an important milestone for Odyssey Electric as it continues to champion sustainable transportation across India.

Evoke Urban S is going to come with 200 Km range and price in common man’s budget.

Kaushik Bajaj
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0
Evoke Urban S is going to come with 200 Km range and price in common man’s budget.

Evoke Urban S:- Friends, in today’s article we have brought for all of you such an electric bike which will never be seen with great and premium quality features and range.

Range and battery charge time of Evoke Urban S

Once the battery of Evoke Urban S is fully charged, this electric bike gives a range of 200 km. It takes only 50 minutes to charge its battery up to 80%.

Evoke Urban S price

The ex-showroom price of Evoke Urban S segment bike in the Indian market is going to be Rs 6 lakh. Because of which everyone will be able to buy this bike very comfortably.

Powerful features of Evoke Urban S

Evoke Urban S

In the Evoke Urban S, you will also get to see Ducati power launch, electronic suspension, LED headlights, turn signal lamps, and LED tail lights, digital speedometer, odometer, and tripmeter, SMART battery management, reverse gear, and 12 V battery backup.

Evoke Urban S’s powerful battery pack

Evoke Urban S has a 19 kWh battery pack. Due to which this electric bike generates power of 45 Bhp and torque of 38 Nm. Apart from this, with its battery power, this bike can easily accelerate from 0 to 100 in just 3.5 seconds.

When will Evoke Urban S be launched?

Evoke Urban S

Evoke Urban S bike is going to be launched in the Indian market in the month of December 2024. Which is going to create a lot of panic in the market as soon as it arrives.

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Road tax will no longer be levied on Hero Vida V1 with 165 Km range, subsidy of Rs 23,000 will be available on top, know complete details

Kaushik Bajaj
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0
Road tax will no longer be levied on Hero Vida V1 with 165 Km range, subsidy of Rs 23,000 will be available on top, know complete details

Hero Vida V1: If you also want to get an EV scooter to go from one city to another at a low price, then Hero Vida V1 can be a good option for you. Apart from this, road tax is also not being collected on this EV scooter. Hero Vida V1 So let’s know about the spare parts of this EV scooter.

Hero Vida V1 Durable Battery Pack

Hero Vida V1 is a scooter with a strong range. In which you get a battery pack of 4 kWh. With which the company also offers three years warranty on it. Once this battery pack is charged from 0 to 100%, this scooter has a range of 165 Km.

Hero Vida V1

Hero Vida V1 price

The ex-showroom price of Hero Vida V1 in India market is Rs 1.49 lakh. On which the company itself is offering a discount of up to Rs 20,000 to celebrate the arrival of the New Year. After this, to promote EV, the Government of India is also giving a subsidy of Rs 23,000 on it. And you will not even have to pay road tax on this. That means you are going to get this scooter for only Rs 1 lakh.

Amazing features of Hero Vida V1

Hero has packed its Hero Vida V1 EV scooter with exciting features. In which you get digital touch screen display, smart sensing key, cruise control system, push start button, 23 liters of boot space, slim split seat in which three people can sit comfortably. Similar features have been included in it. Due to which this scooter can give you a comfortable journey.

Hero Vida V1 variants and their ranges

hero vida v1

The company has offered you two variants in Hero Vida V1 EV scooter. Hero Vida V1 Pro which has a range of 165 km and the other Hero Vida V1 Plus which has a range of 145 km.

Also read:-

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New Honda CB750 Hornet launched in the Indian market, know full details

Great news: KTM launched its new KTM RC 390 bike with updated features.

Say bye-bye to Yamaha, TVS Apache RR 310 launched in the market, priced just Rs.

This Hero Karizma XMR bike priced at Rs 2 lakh will give competition to KTM Duke.

Lohum strengthens leadership with the appointment of Arun Mittal as CEO of Lohum India.

Rahul Arora
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0
Lohum strengthens leadership with the appointment of Arun Mittal as CEO of Lohum India.

Lohum, India’s largest producer and processor of sustainable critical minerals and one of the largest producers outside China, has appointed Mr. Arun Mittal as the new Chief Executive Officer (CEO) of Lohum India, a part of Lohum Corporation. Is announced, which is effective immediately. Mr. Mittal joins from Exide Energy, where he served as Managing Director and CEO.

With nearly three decades of leadership in the battery industry, Mr. Mittal brings extensive experience to Lohum. He has led Exide’s lithium-ion technology initiative for e-mobility applications and has been instrumental in expanding the company’s footprint in Southeast Asia. A member of ICAI (Institute of Chartered Accountants of India), ICSI (Institute of Company Secretaries of India), and ICMAI (Institute of Cost Accountants of India), Mr. Mittal combines deep industry expertise with a strong background in finance and governance. .

“I am committed to driving Lohum’s vision of promoting material circularity and advancing energy sustainability through its next phase of growth,” expressed Mr. Mittal. “Our goal is to lead the transition toward a more sustainable future by reclaiming critical minerals and reducing our environmental footprint.”

Rajat Verma, Founder and CEO of Lohum Corporation, commented: “Arun’s extensive background in the energy sector will be invaluable as we strive to enhance our position as a leader in sustainable battery materials. His strategic vision, operational excellence and drive for sustainability align perfectly with our goals of achieving zero waste and ensuring a responsible supply chain for critical minerals.

The new appointment comes at an important time as Lohum accelerates its mission to become the world’s largest producer of sustainable critical materials.

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