Allison Transmission will be working with Larsen and Toubro (L&T) to provide the Allison 3040 MX propulsion solution for the Indian army’s Futuristic Infantry Combat Vehicle (FICV) prototype. Allison will manage the engineering design, development, fabrication, testing and demonstration of the 3040 MX for the FICV prototype vehicles through 2024. The Indian army intends to procure approximately 1,750 FICVs over the next two decades.

The FICV is a fully tracked armored vehicle consisting of Infantry Fighting Vehicle (IFV), reconnaissance and surveillance, and command and control variants. It is essential to the ‘Make in India’ modernisation programme, designed to replace India’s fleet of aging BMP-1 and BMP-2 infantry fighting vehicles. The 3040 MX was developed based on its proven X300 propulsion solution, which has been integral to the European CV90 and Warrior IFV drivetrain solutions for over 30 years. It is now equipped with advanced electronic system controls enabling performance optimisation and additional functionality that were not previously available. Today, Allison’s propulsion solution is also found in the US army’s newest tank, the Mobile Protected Firepower Light Tank.

Dana Pittard, Vice President for Defense Programs, Allison, said, “Allison is exceptionally proud to continue to work with one of India’s foremost defense companies. Allison and L&T have collaborated on repowers of select wheeled and tracked vehicles in the past, and now we’ve partnered on one of India’s premier modernisation programmes. The FICV is one of several programmes that will continue to support Allison’s international defense business over the next several decades and represents our commitment to the Indian defense sector.”

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Yuma, the Indian Battery-as-a-Service (BaaS) and electric vehicle (EV) energy infrastructure JV between Yulu and Magna International, has announced the completion of 50 million battery swaps since February 2023.

The company performed 25 million of these swaps within the last 15 months, indicating an acceleration in the growth of its network.

Yuma stated its growth is supported by an energy network designed for high-frequency fleet and delivery operations. The company reported several key performance indicators including 99.9 percent uptime availability at its network, battery swaps completed in minutes and integration of safety-first systems to maintain partnerships with OEMs and public-sector bodies.

The doubling of swap volume from 25 million to 50 million in just over a year, the company said suggests that battery swapping is becoming a primary energy solution for India's EV ecosystem. The model relies on deep integration with EV manufacturers to ensure hardware compatibility and predictable economics for fleet operators.

The expansion of the Yuma network is facilitated by collaborations with both public and private infrastructure partners. These allow for dense urban coverage and support the scaling of interoperable energy systems across the country.

Muthu Subramanian, GM & MD, Yuma, said, “Reaching the 50‑million swap mark in only three years demonstrates not only Yuma’s rapid growth, but the trust of thousands of EV users and fleet partners — and the pace at which India is embracing battery swapping as a practical, efficient and scalable energy solution. With nearly 100 percent uptime and safety-first processes, Yuma has become a trusted energy partner powering large-scale mobility solution provider.”

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VinFast Auto India has entered into a strategic partnership with CSB Bank to provide financing solutions for its dealer network and retail customers. The Memorandum of Understanding (MoU) focuses on inventory funding and auto loans to support the market entry of the VF 6 and VF 7 electric SUVs in India.

The collaboration enables CSB Bank to offer credit solutions across VinFast’s product portfolio. Retail customers can access up to 100 percent on-road funding with various repayment options. To facilitate the process, the bank will deploy relationship managers to provide on-site support at dealerships.

For the dealer network, the agreement includes inventory financing to support the expansion of VinFast’s showrooms, which the company expects to double in number during 2026. The partnership utilises CSB Bank’s national branch network to extend these financial services across diverse Indian markets.

VinFast is currently establishing an assembly plant in Tamil Nadu and developing an aftersales service system. Both the VF 6 and VF 7 models have received 5-star Bharat NCAP safety ratings.

To lower entry barriers, VinFast has introduced several financial initiatives including assured Resale and Buyback, free charging across the V-Green network until 31 March 2029. The ‘Trade Gas for Electric’ initiative, running until 31 March 2026, offers incentives of 3 percent for electric cars and 5 percent for electric two-wheelers for customers switching from internal combustion engine vehicles.

Tapan Ghosh, CEO, VinFast India, said, “Our partnership with CSB Bank is a natural extension of our approach in India, where accessibility and affordability are critical to scaling EV adoption. In markets like India, the transition to electric mobility depends not only on the product, but also on how simple and practical ownership is for customers. Through this collaboration, we aim to offer flexible financing solutions that reduce entry barriers, while continuing to build a reliable and well-rounded ecosystem. It is one of several steps we are taking to ensure a consistent, dependable, and customer-focused EV experience in the country.”

Narendra Dixit, Head of Retail Banking at CSB Bank, commented, “Electric mobility is no longer a future concept; it is rapidly becoming a mainstream choice for customers and businesses alike. As adoption accelerates, there is a growing need for accessible financing solutions that enable both customers and dealers to participate in this transformation. The Special partnership with VinFast is a step forward in that direction. By combining VinFast’s strong product vision in the EV space with CSB Bank’s financing capabilities, we aim to create a robust ecosystem that supports both retail auto buyer solutions and dealer network through tailored auto loans and inventory financing solutions.”

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Nawgati has announced the launch of Aaveg Pro, an integrated operations platform for petroleum dealers, at the Petrol Dealers Association Pune (PDAP) Annual General Meeting. The system is designed to digitise fuel station management within the Indian retail ecosystem.

Aaveg Pro serves as a digital operating system to replace manual workflows in fuel retail. The platform consolidates several critical station functions into a single interface:

• Sales and Inventory: Features include shift-level nozzle reconciliation, live inventory tracking and stock variation control.
• Financial Accounting: The system supports VAT, GST, cess and surcharge handling to maintain audit-ready records and real-time balance sheet visibility.
• Fleet and Credit Management: Dealers can manage digital fleet contracts, consolidated invoicing and credit risk monitoring.

The platform is designed to integrate with existing station infrastructure, such as dispensers, CCTV systems, fuel storage compressors and vehicle-tracking systems, to provide operational oversight.

Vaibhav Kaushik, Co-Founder & CEO, Nawgati, said, “The launch of Aaveg Pro reflects our continued commitment to building solutions that solve real operational challenges for fuel dealers. Fuel retail in India still relies heavily on fragmented and manual workflows across accounting, stock monitoring, reconciliation, and customer credit management. With Aaveg Pro, we are bringing these critical functions onto one integrated platform so that dealers can operate with greater visibility, control, and efficiency.”

Aalaap Nair, Co-Founder, Nawgati, said, “Aaveg Pro has been built specifically for the day-to-day realities of fuel retail operations in India. From shift-level reconciliation and stock tracking to consolidated fleet invoicing and live financial reporting, the platform is designed to reduce complexity and improve decision-making at the station level. Our goal is to help dealers move away from manual processes and adopt a smarter, more scalable way of running their businesses.”

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Charge_iN by Mahindra and Hindustan Petroleum Corporation (HPCL) have signed a strategic agreement to develop electric vehicle (EV) charging infrastructure at HPCL retail outlets across India. The collaboration aims to utilise HPCL’s national fuel station network to increase the availability of public charging points for electric four-wheelers.

HPCL currently operates over 24,400 retail outlets and has installed more than 5,400 charging stations under its HP e-Charge brand. The new stations established through this partnership will exclusively feature 180 kW dual gun chargers, designed for high-speed charging.

The deployment is intended to support the transition to green transportation in India, currently the third-largest automotive market globally. The agreement focuses on building an ultrafast charging network to improve reliability and reduce charging times for EV users.

The partnership aligns with the government's objective of strengthening public EV infrastructure. By integrating chargers into existing fuel stations, the companies aim to provide a platform for nationwide expansion and seamless access for drivers.

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