Delhi builds on logistics plans with multibillion port project investment

KPIT Tech to Acquire Caresoft Engineering Biz for $191 Mn

KPIT Technologies has acquired the Engineering Solutions business of Caresoft Global for USD 191 million. This acquisition supports KPIT’s expansion into truck and off-highway engineering, marks its entry into the Chinese market, and enhances manufacturing engineering capabilities within the mobility sector.The agreement includes a USD 25 million variable consideration, tied to revenue milestones and strategic business synergies. KPIT may pay this amount in one or multiple instalments over four years, either in cash or equity shares.Through this deal, KPIT gains full ownership of Caresoft en..

Centre Allocates 750 Electric Buses to Andhra Pradesh

The Union government has allocated seven hundred fifty fully air-conditioned electric buses to Andhra Pradesh under the Prime Minister-eBus Sewa scheme. The announcement was made by Rajeev Jain, Media Advisor to the Government of India, during a press interaction in Vijayawada.These electric buses are expected to help build a cleaner and more modern public transport system across the State. Jain highlighted the Centre’s commitment to urban development in Andhra Pradesh through various centrally sponsored schemes.Significant progress has been made on the Vijayawada Metro Rail project, which w..

Rilox EV, Hala Mobility to Deploy 20,000 Electric Two-Wheelers

Rilox EV has signed a multi-year original equipment manufacturer (OEM) agreement with Hala Mobility to deploy nearly twenty thousand electric two-wheelers across India. Hala Mobility is a leading electric mobility platform offering multi-modal transport solutions.The long-term partnership aims to promote accessible and efficient electric mobility for both individual commuters and businesses. The deployment will include a mix of low-speed and high-speed models, with around four hundred vehicles launched monthly. These fleet-ready vehicles are tailored for delivery workers, ride-sharing services..