TVS Motor Company Invests In ION Mobility, Magna, And Yulu Launches Battery Swapping Network ‘Yuma Energy’, And Much More...

In line with their shared commitment towards electrification in the #automobileindustry, TVS Motor Company , one of the leading global manufacturers of #twowheelers and #threewheelers, announced its association with ION Mobility (ION). TVS Motor has entered into an investment agreement with the aim to provide ION with the necessary ecosystem support to be successful in the electric two-wheeler markets of #singapore and #indonesia.The partnership is in line with TVS Motor Company’s commitment to build an aspirational product portfolio while associating with sustainable and scalable brands.

Mahindra Last Mile Mobility (MEML) is now officially merged into the parent company, Mahindra and Mahindra Limited (M&M). The M&M Board had undertaken that MEML would merge into M&M with effect from April 1, 2021, to synergize #ev development, manufacturing, and sales operations. The merger process, which has been underway, received the final NCLT approval on January 13, 2023.It has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate.

Yuma Energy (Yuma), a joint venture between Magna, one of the world’s largest automotive suppliers, and Yulu, India’s largest shared electric micro-mobility player, showcased its next-generation #batterycharging and #swappingnetwork for electric two-wheelers in India. Yuma has established a network of more than 85 Yuma Stations across Bangalore, Mumbai, and Delhi, and plans to scale to over 500 stations across multiple cities by the end of 2023.

Vikram Pawah (country president at BMW), told Reuters that 宝马 is considering the launch of more #bevs in India amid increasing demand from luxury car buyers. Globally, car production has been affected by a shortage of semiconductors and disruptions to supply chains due to lockdowns caused by pandemics and the Ukraine conflict. However, the situation appears to be improving.India is largely a low-cost market for cars. Luxury models only accounted for 1% of total sales of 3.8 million units in 2022.?

KICK EV , an electric two-wheeler manufacturer, and provider of roadside assistance, AUTO i CARE, plan to install over 6,000 #electricvehicle #chargingstations and service stations in a gradual manner throughout the country by March 2024.KICK EV is the new age electric vehicle in the category of two-wheelers developed and produced by Autoicare Innovations Pvt. Ltd. which is one of the best Roadside assistance service provider pan India.