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SAIL directors suspended after Lokpal concludes discrepancies in commercial deals – ET Auto

Baua Electric

Two directors and multiple executive director level officers of Steel Authority of India Limited ( SAIL ) were suspended after the Lokpal concluded there were discrepancies in commercial dealings at the public sector undertaking (PSU).

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Ecofy and Vidyut join to offer subscription-based battery-as-a-service model for EV sales – ET Auto

Baua Electric

With a hybrid financing model that reduces the cost of acquisition and introduces a pay-per-km battery leasing model, Ecofy and Vidyut aim to make the adoption of EVs stress-free and risk-free, the companies said. The commercial vehicle sector witnessed even stronger growth, with electric three-wheelers commanding 65% of the market share.

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Log9 rebrands mobility biz as Amphion for holistic EV asset management – ET Auto

Baua Electric

Alongside the launch of Amphion, Log9 unveiled Nexmile, a new battery specifically designed for commercial electric vehicles. Amphion addresses critical challenges faced by the commercial electric vehicle (EV) industry, including financing, data analytics, charging infrastructure, and energy efficiency.

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Decoding how connected vehicles can catalyse safer, sustainable mobility – ET Auto

Baua Electric

These advancements have not only increased the value proposition of connected vehicles as a solution but are slowly fostering a culture of informed driving practices for the commercial vehicle industry at large. In fleet financing, it can overhaul traditional models by harnessing detailed vehicle usage and risk assessment data.

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Ashok Leyland Q4 net PAT up 17% to INR 934 cr – ET Auto

Baua Electric

New Delhi: Commercial vehicle maker Ashok Leyland on Friday reported a growth of 16.73% in its consolidated net profit at INR 933.69 Ashok Leyland’s key subsidiaries Switch Mobility, Ohm Mobility, Hinduja Leyland Finance and Hinduja Tech are progressing well and continue to add immense value to Ashok Leyland’s future. crore in FY23.

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Vulcan Energy starts its first lithium chloride production in Germany – ET Auto

Baua Electric

The results, following three years of in-house piloting, replicate what Vulcan has seen in its lab and pilot plant operations, and are in line with its commercial plant expectations and Vulcan’s financing model, the company added.

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Three veterans join leadership team of Lohum Cleantech – ET Auto

Baua Electric

The company onboarded veteran investor Sachin Maheshwari as Head of Corporate Development, finance leader Nitin Goel as Chief Financial Officer (CFO), and R&D Pioneer Chidambaram Mandan as Vice-President and Head of R&D and Quality Control.

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