Greaves Cotton Limited has announced the appointment of veteran executive leaders Dr. Arup Basu as Deputy Managing Director of Greaves Cotton Ltd and Sanjay Behl as CEO and Executive Director of Greaves Electric Mobility.  

The strengthening of leadership comes on the heels of highest-ever consolidated quarterly revenue of INR 621 crore reported for the quarter ending March 31, 2022, the company said in a statement. 

It said the Greaves group leadership will move to a simpler and more focused structure in line with the reorganisation of business carried out in 2021 to facilitate sustained growth. Both the leaders will report into Nagesh Basavanhalli, MD and Group CEO.  

In his role, Dr. Basu will lead the development and execution of long-term strategies of GCL and will oversee implementation of overall corporate purpose and vision of GCL across Engines and Retail Business. 

He brings over 30 years of experience in running manufacturing intensive businesses such as Packaging (MD at Huhtamaki PPL) Chemicals (President and CTO at Tata Chemicals), and Automotive (Tata Motors). 

Greaves Electric Mobility (GEMPL), comprising e-scooters, e-rickshaw and e-auto segments, is one of the fastest growing business within the group accounting for 38 per cent of the overall revenue for the quarter ended March 31, 2022, representing an annual YoY revenue growth of 251 per cent. 

As CEO & Executive Director of GEMPL, Sanjay will focus on leading the accelerated growth of the electric mobility business, it said. He comes with a rich experience in leading consumer facing businesses such as Textiles (CEO of Raymond Ltd), Broadcasting (CEO of Reliance Big TV) and Technology (Co-founder/CEO of Nextqore Inc). 

Basavanhalli said, “I am delighted to welcome Dr. Arup Basu and Sanjay Behl into the leadership team of the Greaves Cotton group. Their immense experience in transforming and growing Indian businesses at global scale will help us accelerate our growth. Their leadership skills in building future facing organizations will help steer growth in their respective areas.” (MT)

Pune-headquartered electric vehicle company EKA Mobility in consortium with Chartered Speed, has bagged the Letter of Award (LOA) for deploying 9-metre and 12-metre electric buses across Rajasthan under the PM e-Bus Sewa Scheme.

The LoA for a total of 675 e-buses (565 units of 9-metre e-buses and 110 units of 12-metre e-buses) follows Convergence Energy Services (CESL)’s issuance of Letter of Confirmation of Quantity (LOCQ) for electric buses across India.

As per the order, EKA Mobility will deploy its e-buses across eight major cities of Rajasthan – Jaipur, Kota, Udaipur, Ajmer, Alwar, Bikaner, Bhilwara and Jodhpur.

Rohit Srivastava, Business Head & Chief Growth Officer, EKA Mobility, said, “This win reinforces our belief that electric mobility is not just the future – it’s the present. Rajasthan’s bold move toward electrification aligns perfectly with our vision of transforming the way millions commute daily and accelerating India’s transition to a cleaner, more sustainable future”

Sanyam Gandhi, Whole-Time Director, Chartered Speed, said, "This reflects our commitment to a greener, more efficient transport network. Through the Pradhan Mantri e-Bus Sewa Scheme, we’re transitioning to an electric fleet that will transform urban mobility. Our goal is to lead the shift to a low-carbon future and offer commuters cleaner, smarter travel options shaping a more connected and sustainable India."

This order is in addition, to EKA Mobility’s recent two major contract wins valued at INR 1.5 billion from Uttar Pradesh State Road Transport Corporation (UPSRTC) and INR 4 billion order from the Nagpur Municipal Corporation (NMC). 

Delhi-NCR headquartered electric vehicle-as-a-service platform Zypp Electric has announced its financial results for FY2025. The company reported its revenue grew  50 percent from INR 3.02 billion in FY2024 to around INR 4.55 billion in FY2025.

During the period, the company crossed 100 million deliveries, with quick commerce now accounting for 47 percent of these deliveries. It also now has over 120,000 delivery partners onboard.

In terms of geography, Delhi NCR saw over 12,000 EVs, up 16 percent, Bengaluru with 5,000 EVs, up 31 percent and Mumbai with 2,400 EVs. Zypp Electric also scaled up its three-wheeler business and crossed 900 EVs in the wheeler space, catering to last-mile logistics via the driver rentals business.

Akash Gupta, Co-Founder & CEO, Zypp Electric, said, “FY2025 has been a landmark year for us. We’ve not focused much on growth but rather laid down the groundwork for a sustainable and profitable EV business. While revenue grew from INR 3.02 billion to INR 4.55 billion (pre-audited), I see a much clearer line of sight of EBITDA profitability over the next 1-2 quarters, looking at several interventions done in FY2025 for tech, team, partnerships and pushing sustainable growth levers. We continue to focus on market leadership from the existing 3 markets to more markets in the coming FY2026 while keeping a strong eye on profitability. We continue to ride the EV and Quick commerce tailwind and enable thousands of delivery partners to upgrade from ICE vehicles to EV vehicles on an easy rental plan without any high downpayment and EMI hassle backed with maintenance and charging/swapping services on their fingertips which enable them to save INR 5,000-6,000 extra over a petrol vehicle via Zypp Electric rental platform.”

Going forward, Zypp Electric aims to achieve EBITDA breakeven in the coming months.

BYD India, a leading electric vehicle manufacturer, has announced the prices for the 2025 model year Seal e-sedan.

The Seal is now available at prices starting INR 4.1 million (ex-showroom India). It features a Lithium Iron Phosphate (LFP) low voltage battery (LVB), which is six times lighter compared to other conventional low-voltage batteries, 5x better self-discharge consumption and offers a claimed 15-year lifespan.

Power sunshade now comes as standard for added comfort and convenience. The BYD Seal can go from zero to 100 kmph in just 3.8 seconds, it gets Frequency Selective Dampers and the debut of BYD’s Disus-C intelligent damping system. The air-conditioning system has also been upgraded with a larger compressor capacity and an all-new module for air purification.

Indofast Energy, a joint venture between Sun Mobility and Indian Oil Corporation, has partnered Green Tiger Mobility, a retrofitting company for two-wheelers for driving EV adoption.

As per the understanding, Green Tiger Mobility’s ARAI-approved retrofit solution will convert petrol two-wheelers to electric-powered two-wheelers. Furthermore, to tackle the challenge of long-charging time, the retrofitted two-wheelers will adopt Indofast Energy’s battery swapping technology.

The retrofit company shared that it’s solution encompasses RTO approval, insurance and other regulatory requirements along with financial solutions to support customers. At present, the retrofit solution is available for 11 scooter models – Hero MotoCorp’s Maestro & Pleasure, Honda Motorcycle & Scooter India’s Activa, Aviator, Dio & Cliq, Suzuki Motorcycle India’s Access & Swish, TVS Motor Co’s Jupiter & Wego and Yamaha Fascino.

The company has introduced the service in Bengaluru and will soon be expanded to Delhi NCR and the rest of the country in the next 12 to 15 months. Furthermore, the initial focus will be on quick commerce delivery executives, which will later be extended to the mass market.

Currently, Green Tiger Mobility claims it has over 500 customers in Bengaluru, and its solution is backed by six approved patents.

Rajat Malhan, Senior Vice-President, Indofast Energy, said, “Imagine your reliable petrol scooter, reborn as a sleek, battery-swappable EV. No new vehicle purchase, just a smart, sustainable upgrade! This partnership is a significant step towards green mobility for a cleaner India, while reducing fuel costs, cutting emissions, and supporting India’s EV adoption goals. We look forward to the change this partnership will bring in the lives of millions of gig workers.”

Ashish Dokania, Founder, Green Tiger Mobility, said, “At Green Tiger, we believe the future of mobility is not just about new electric vehicles but it’s about transforming millions of petrol two-wheelers already on our roads. Our retrofit solution, powered by Indofast’s swappable batteries bridges the gap between sustainability and practicality—giving people an easy way to embrace electric without replacing their trusted rides.”