TrucksUp, IndianOil launch smart fleet card for logistics firms

09 May 2025 CW Team

Logistics tech firm TrucksUp has partnered with Indian Oil Corporation Ltd (IndianOil) to introduce the XTRAPOWER-Fleet Card, a digital fuel and fleet management solution tailored for transport and logistics operators.

Through a Memorandum of Understanding (MoU), the companies aim to offer fleet operators, MSMEs, and corporates an integrated platform for managing fuel expenses, tracking transactions, and optimising operational costs. The card ensures seamless digital transactions and access to IndianOil’s network of over 40,000 outlets.

Key features include 24/7 recharge via multiple payment methods (RTGS, UPI, NEFT, credit cards), flexible credit options through NBFCs, loyalty rewards including 0.40% cashback, and insurance coverage for drivers and one co-traveller. It also supports B2B system integration for streamlined operations.

TrucksUp users will benefit from real-time tracking, improved asset utilisation, and reduced cash dependency—factors crucial to enhancing logistics efficiency.

“This collaboration simplifies fleet operations with a secure and smart payment system,” said Sarthak Elwadhi, Co-founder, TrucksUp. IndianOil’s support and TrucksUp’s tech-driven approach aim to transform how transport businesses manage fuel and finances.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..