As part of the MOU, Siemens Financial Services (SFS), the financing arm of Siemens AG, will consider a minority investment in OHM Global Mobility Private Ltd., the eMaas platform company to be formed as a subsidiary of Switch Mobility Automotive Ltd.

With the electric vehicles business at an inflection point and poised to grow exponentially, this realignment will help in providing the requisite resources as well as the direction to realising targeted growth.

With this partnership, the two business entities will exercise SBI’s Contactless Lending Platform technology to ensure uniformity, transparency and a reduced turnaround time in the loan approval process.

The Scrappage Policy announcement is in-line with the government vision to make scrap recycling an organised sector. Ministry of Mines has recently issued National Non-Ferrous Metal Scrap Recycling Framework, 2020 covering key non-ferrous metals like Aluminium, Copper, Zinc and Lead. The framework has been released with an objective to promote formal and well-organised recycling ecosystem, quite similar to the Scrappage Policy.

Electric mobility in India hgas already entered 2- and 3- wheeler space and is now gaining traction in the light and medium-duty commercial vehicles. Shawn Li, Vice President & General Manager Asia, BorgWarner PowerDrive Systems, in an interaction with Pushkar Oak, deliberates on the growth of commercial vehicles in e-mobility space and.

The company will invest to further expand electrification portfolio through organic and inorganic growth. It has also announced commitment to achieve carbon neutrality by 2035.

With the government keen to unleash the EV movement in India, mild hybrid solutions with 48V architecture can be a promising alternative, says Sharath Tengse

The new CVs will see improvement over BS4 technology such as up to 7 per cent higher fluid efficiency, up to 5 per cent better tyre life, up to 30 per cent longer service interval and up to 5 per cent lower maintenance cost.

The all-wheel tire offers the flexibility of fitment on both steer and drive axle