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Essel Infra puts EV plans on hold as debt resolution gets priority

By : Sustainability ..., Apr 11, 2019

 

Subhash Chandra-led Essel Infraprojects Ltd has halted plans to build electric vehicles, and is looking to first reduce its debt of ₹11,466 crore, said three people directly aware of...

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FAME-II scheme to impact electric 2-wheeler segment most: Crisil

By : Sustainability ..., Apr 9, 2019

Electric two-wheeler segment is expected to face a rough road in the initial phase of the FAME II Scheme with the exclusion of lead battery-powered such vehicles, as per a Crisil impact note....

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Ola raises $300mn from Hyundai Motor Group

By : Sustainability ..., Apr 9, 2019

Cab hailing firm Ola said on March 19 it has raised $300 million from South Korea's Hyundai Motor Group in a strategic deal under which the companies will also collaborate on building India-...

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Hyundai, Kia to invest $300 million in Ola

By : Sustainability ..., Mar 20, 2019

Hyundai Motor Company and Kia Motors Corporation will together invest $300 million in cab aggregator Ola. This will be the biggest combined investment by the two firms of the South Korean...

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