ZF, Wolong Electric form JV for electric mobility

ZF Friedrichshafen and China’s Wolong Electric Group have established a joint venture to produce components and electric motors for automotive applications. The joint venture will operate under the name Wolong ZF Automotive E‑Motors Co Ltd and will be headquartered at Shangyu, Zhejiang Province, China. It will provide optimal access to the Chinese market, leverage joint […]

Piaggio to launch CVs with swappable battery

Piaggio Vehicles has partnered with SUN Mobility for its swappable battery technology with Smart Batteries and Quick Interchange Stations. Piaggio‘s upcoming electric vehicles will have smart swappable batteries with advanced lithium-ion technology. The network of quick interchange stations will enable the electric three-wheeler drivers to swap their batteries in under two minutes thereby, addressing concerns […]

Indian Auto industry crisis could lead to one million job cuts, says ACMA

The current 15 to 20 per cent cut in vehicle production in India has led to a crisis like situation in the auto component sector. If the trend continues, an estimated ten-lakh people could be laid-off, says Automotive Component Manufacturers Association of India (ACMA). The association has recently announced the findings of its Industry Performance Review for […]

Indian startup develops electric tractors

Hyderabad, India-based startup Cellestial E-mobility is in the advanced stage of developing Electric Tractors, with longest battery life in the market. The company launched business operations in May 2019, with initial funding of $200,000. The first round of investment has come from Angel Investor, Meka Sudhakar Reddy, a Singapore based NRI. The leadership team at Cellestial […]

Greaves e-rickshaws: 1000 customers and counting

Greaves Cotton crosses a new milestone of 1000 e-rickshaw sales in India. These e-rickshaws are widely preferred due to superior cost economics, higher savings-per-km of the usage, extensive aftermarket support of spares, service, charging and financing options, said the company. Greaves has been retailing eco-friendly e-rickshaws through a select network of 325+ retail outlets & […]

Second Inflection Point In Mobility Will Be More Profound

By Rajeev Goyal Rajeev Goyal is the Chief Financial Officer- Automotive Sector at Mahindra & Mahindra, responsible for complete accounts and finance function of this division. He also oversees finance, accounts and compliances function for overseas group companies in North America and Europe. Presently, he is spearheading organisation-wide transformational initiative to improve the end-to-end cost […]