Omega Seiki Mobility (OSM) and Brandwin Group signed an MoU to amplify their presence in Bangladesh. Brandwin will be setting up manufacturing and distributing its range of electric trucks, including one tonne and three tonne models of M1KA in the country, as early as 2024. The production line is currently under construction. Initially, the company will be selling Completely Knocked Down (CKD) kits of the M1KA in Bangladesh. With its dynamically growing economy and significant potential on the electric truck market, Bangladesh presents the ideal conditions to further strengthen OSM’s position in the region, the company states. The companies will be making an investment of $10 million. OSM anticipates an initial sales volume of 500 electric trucks per year.

Omega has already set up an electric vehicle manufacturing facility near Dhaka in Bangladesh. The state-of-the-art manufacturing will be operational from April 2023 and will be manufacturing electric three-wheelers for domestic and export markets.

Expanding into Bangladesh, Omega Seiki Mobility claims that it will be to meet the evolving needs of a customer base which is rapidly looking for a sustainable and a zero-emission last-mile transportation solution in the country’s growing market. Omega will be offering an entire range of electric four-wheeler M1KA Trucks exclusively to Brandwin.

Uday Narang, Founder and Chairman, Omega Seiki Mobility, said, “Omega Seiki Mobility, amplifying its electric vehicle business in the Bangladesh market, is the next logical step in our internationalisation strategy. Our high-tech electric trucks offer exactly the current needs of the country, and we will be able to play to our strengths in this highly dynamic market. In addition, the geographical proximity to India provides great synergy effects; as early as 2024, we will be exporting vehicle kits from our Indian plant in Faridabad to Bangladesh, marking a major advancement of our EV MANUFACTURING 2.0 project. The alliance will allow us to expand our partnership to help businesses enhance their profitability who are trying to learn to switch to sustainable last-mile transportation in Bangladesh. This is also a major step in OSM’s attempt to take Indian manufacturing to the global map.”

Ali Haider Ratan, Managing Director and CEO, Brandwin Group of companies, said, “Bangladesh is one of the growing economies of this South Asian region. Its economy is growing at an average six percent per year. The country has now become the second largest economy among the SARC and exports has reached 50 billion dollars. Although the automobile industry of Bangladesh is more developed than before, so far it has not achieved the expected success. Along with the growing GDP of Bangladesh, people’s buying power is increasing gradually. Similarly, people’s lifestyles are changing as well. So, the usage of electric vehicles will rise for sure. One of the major advantages of the electric truck of Omega Seiki Mobility is the quality of the product and its technology. By maintaining high quality and with proper marketing strategies, we believe we can secure a large portion of the market share within the shortest possible time in Bangladesh. It’s a great honour for Brandwin Group to be the local manufacturing partner of Omega Seiki Mobility in Bangladesh.”

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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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