The formal split and formal establishment of the two entities will take place at the start of the next fiscal year, i.e. April 1, 2025.

The aim is to target a module level of efficiency of less than 36kWh/kg and drive down the price, making it much more competitive as an alternative fuel/energy option in sectors such as heavy transportation.

he company has appointed three new senior executives, including Zoeb Karampurwala as Chief Product Officer, Murali Raju as Chief Commercial Officer and Vijaykumar Yelne as President of EKA Mobility, replacing Anil Baliga. All three will report directly to Founder & Chairman, Dr Sudhir Mehta.

The JSW Group of Mumbai has signed a Memorandum of Understanding (MoU) with the government of Odisha, to building an integrated Electric Vehicle (EV) and EV battery manufacturing facility in Cuttack, Odisha State.

Tractor sales in FY 2023 (financial year ending March 31, 2024) increased by 19.0% to 69,089 units.

ZF India is implementing its 2021 REFRESH INDIA strategy, which focuses on offering next generation mobility solutions through the combination of the   ZF technologies, as well as new emerging ACE technologies - Autonomous, Connected and Electrification.

Demand for medium and heavy rigid trucks across India declined by 4.4% to total 250,969 units in FY 2023.

Bus and coach domestic sales (>7.5t gvw) in FY2023 (ending March 31, 2024) increased by 38.4% to 53,136 units.

Sales of LCV goods carrier (trucks) vehicles (gvw ≤ 7.5t) fell by 2.9% to 542,934 units in FY 2023 (ending March 31, 2024).

Sales of light-duty passenger vehicles (7.5 tons and below) increased by 16.8% to 51,750 units in FY 2023 (ending March 31, 2024).

Models include LNG and BEV tippers and tractors.

The MoU outlines an investment over a span of five years, with the potential to generate up to 5,000 jobs, both directly and indirectly.