IFC to invest ₹600 cr in Mahindra’s mobility biz; share rises 2%
The investment by IFC will be in the form of compulsory convertible instruments at a valuation of up to ₹6,020 crore.
The investment by IFC will be in the form of compulsory convertible instruments at a valuation of up to ₹6,020 crore.
The share price of the electric mobility player surged 5% on Tuesday, extending gains for the third straight session, after it bagged ₹3,675 crore order from BEST.
Around 16 million electric cars are on the road worldwide, consuming 30 TWh of electricity per year, equivalent to all the electricity generated in Ireland.
Most chief executives from the Indian corporate sector called the Union Budget 2022 a bold one, especially for continuing reforms.
Elon Musk's Tesla will imminently have a new competitor in India. Ola, a name synonymous in India with mobility, will be rolling out its electric car by 2023.
Ola chairman and group CEO Bhavish Aggarwal discusses his bold, big bet on e-scooters in an exclusive interview with Fortune India.
Ola Electric is seeking to disrupt the e-scooter market with its mega factory in Tamil Nadu. This could accelerate the shift to electric vehicles and shake up the EV market in India.
We are looking at increasing our India portfolio to four products in two years, says its India head Rajeev Chaba.
Rajiv Bajaj has a 360° plan to make Bajaj Auto live up to its tagline ‘the world’s favourite Indian’.
As part of the deal, SUN Mobility will offer its energy infrastructure platform to a select number of original equipment manufacturers for building e-autos.