Schaeffler India charts capacity expansion over 3 years

Delhi to Add 2,080 E-Buses, Retire 1,000 Ageing Vehicles in 2025

The Delhi Transport Department will induct 2,080 electric buses into its fleet during 2025 while phasing out 1,000 ageing vehicles to modernise the city’s public transport system. The first phase involves the introduction of 1,040 electric buses under the National Electric Bus Programme (NEBP), a Central scheme aimed at boosting zero-emission public transit. The remaining 1,040 will be added under the Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme, which targets 14,000 electric buses across nine major cities. Officials stated that memoranda o..

Montra Electric to Supply 100 eSCVs to Magenta Mobility

Murugappa Group’s electric vehicle (EV) brand Montra Electric has signed an initial agreement with Magenta Mobility for the supply of 100 electric small commercial vehicles (eSCVs) to support logistics operations across sectors such as fast-moving consumer goods (FMCG), grocery, e-commerce, and telecommunications. The vehicles will be supplied through Tivolt Electric Vehicles Private Limited, Montra’s eSCV arm. The agreement includes not only the supply of vehicles but also tailored service and charging solutions designed to enhance operational uptime and profitability. Montra Electric s..

Revfin Aims For Rs 50 billion EV Financing by 2027

Digital lending platform Revfin is aiming to disburse Rs 50 billion in electric vehicle (EV) financing by 2027 as part of its push for sustainable mobility and financial inclusion across India. To support this growth, the company has strengthened its leadership with three key appointments: Abhinandan Narayan as Chief Business Officer – New Business, Monish Vohra as Chief Operating Officer – Operations and Collections, and Anirudh Gupta as Chief Finance and Strategy Officer. The expanded team is expected to enhance capabilities across operations, business growth, and strategic finance. Re..