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GreenCell Mobility secures Rs 300 crore in green financing from Sumitomo Mitsui Banking Corporation | Autocar Professional

Baua Electric

GreenCell Mobility has secured Rs 300 crore in green funding from Sumitomo Mitsui Banking Corporation (SMBC), for its Electric Bus project in Uttar Pradesh. According to the terms of the agreement, SMBC has extended a long-term Project Finance facility to GreenCell Mobility for its 350 Electric Buses project in Uttar Pradesh.

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Honeywell Automation India appoints Atul Pai as Managing Director | Autocar Professional

Baua Electric

Honeywell Automation India has announced the appointment of Atul Pai as Managing Director, effective May 16, 2024. He succeeds Ashish Gaikwad who is taking on a broader responsibility as India Leader for Industrial Automation, one of Honeywell International Inc’s strategic business groups.

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Terra Motors partners Pooja Finelease Ltd. for electric vehicle financing

Electric Vehicles India

for electric vehicle financing. Terra Motors a leading electric vehicles manufacturer in India has partnered with Pooja Finelease Ltd. India’s leading non-banking finance company for electric vehicle financing. FCC Corporation. Terra Motors partners Pooja Finelease Ltd.

Financing 101
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REC to offer financing for 50,000 e-buses over the next 2-3 years | Autocar Professional

Baua Electric

Rural Electrification Corporation (REC) Ltd almost tripled its funding for electric buses to roughly 10,000 buses in FY24. The post REC to offer financing for 50,000 e-buses over the next 2-3 years | Autocar Professional appeared first on Bauaelectric Auto News.

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Report on electric vehicle adoption in india

Baua Electric

the adoption of electric vehicles (EVs) in India has been gaining momentum, driven by various factors such as environmental concerns, government initiatives, and advancements in technology. Automaker Involvement: Several automotive manufacturers in India have entered the electric vehicle market or have plans to do so.

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Moody’s upgrades Hyundai Motor’s corporate rating to A3 with stable outlook | Autocar Professional

Baua Electric

Credit rating agency Moody’s has upgraded South Korean automotive manufacturer Hyundai Motor Company’s corporate rating to A3 with a stable outlook, from a previous rating of Baa1, with a positive outlook.

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Pinnacle Engines appoints Asian Business Advisory Board; closes Series C financing

Green Car Congress

Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. John was President-Ford India, Vice Chairman & EVP-Mazda Motor Company and EVP- Ford Asia Pacific & Africa.

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