Both the companies have entered into a long-term partnership by signing a Memorandum of Understanding (MoU)
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As Executive Director and Head of Operations, Vyankatesh will lead Mercedes-Benz India’s transformation journey into electrification and technology driven digitization and smart manufacturing prowess. His appointment is effective from June 1, 2022.
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Electric Vehicles (EVs) are expected to contribute toward achieving net-zero emissions. However, to convert the millions of vehicles on Indian roads into EVs, the country would need several terawatt-hours of electricity additionally but with the majority of the existing energy generation coming from coal-fired power stations, this indirectly leads to losing out on the environmental benefits of clean road transportation.
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Hero Cycles has launched its new range of mountain bikes and hybrid cycles, with six GEMTEC models in the first phase at a starting price of Rs. 10,000
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The transfer will include the land & buildings, the complete vehicle manufacturing plant, machinery & equipment and the transfer of all eligible employees of Ford’s vehicle manufacturing operations at Sanand, Gujarat.
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Total spend over the next two years, i.e, FY23 and FY24 would be Rs. 1,100 crore, including maintenance Capex of around Rs 300 crore, said JK Tyre, CFO, Sanjeev Aggarwal
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The company plans to have five to six products in the high-speed electric scooters segment after two years. It is also eyeing around 8-10 percent of the fast-growing electric two-wheeler market in three years' time.
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The Gujarat-based company, which sells electric two-wheelers under the Joy brand, plans to come up with an R&D centre and an assembly plant to set up the 1GWh cell production plant at its electric vehicle ancillary cluster in Vadodara.
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Explaining the process, Delhi Transport Commissioner, Ashish Kundra said when a vehicle comes for fitness tests, a device checks its noise levels and a probe is inserted to check the smoke emitted by it.
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As part of the tie-up, ETG Logistics will operate dealerships for Ashok Leyland in six key southern African countries.
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