The acquisition has been made in an all-cash deal through TVS Motor’s Singapore Subsidiary, TVS Motor (Singapore) Pte Ltd.
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Autobot Academy plans to expand the network of its training services and establish Autobot Hands-on Hubs in 10+ major EV cluster cities across India.
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Following the Franchise-owned and EVRE Operated model, The large hubs will be able to accommodate up to 100 EVs at a time
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The Alliance has defined a common 2030 roadmap on pure-EV and Intelligent & Connected mobility, sharing investments for the benefits of its three-member companies and their customers.
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The company also plans to start CNG at doorstep service in the country.
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The company stated that, while the dynamic supply chain issues continue to be a challenge in streamlining and ramping up production, it is doing its best and focusing on meeting it’s committed delivery timelines to customers.
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Ola plans on investing over US$100M in creating its global center for advanced engineering and vehicle design in the UK
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Electric Vehicles (EVs) will be deployed for the delivery of tyres from Apollo tyres regional distribution centre (RDC) to multiple Business Partners in Bengaluru
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Union Budget 2022 should focus on creating infrastructure, incentivising utilization of idle capacity, promoting research and development in newer electronics, upskilling the existing workforce to meet challenges of change in composition and technology of automobiles.
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India’s stressed farm sector is gasping for a fresh breath, which the Center can facilitate by rationalizing the Goods and Services Tax (GST) on farm equipment in the FY 2022-23 budget.
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