Mahindra-Uber Tie-Up To Deploy Electric Vehicles In India

25 Novembre, 2017, 01:05 | Auteur: Auguste Feret
  • M&M and Uber Join hands to deploy electric vehicles in India

The company had earlier inked a similar agreement with Uber's rival Ola Cabs.

The ride-hailing company has been making a few moves in the EV space recently, like with deploying 50 new Tesla vehicles in its Dubai fleet and incentivizing its 40,000 drivers in London to switch to electric cars.

The partnership is then likely to be extended to other cities across the country.

According to a report by The Economic Times, the electric vehicles will include the e2oplus hatchback and the e-Verito sedan.

Speaking on the collaboration, Pawan Goenka, managing director of Mahindra & Mahindra said, "Electric vehicle adoption is clearly gaining momentum in India". The increase in driving range will give the driver of the auto an entire day to drive without having to worry about the recharging. "It will require adequate progress in engagement with our stakeholders before we plan to expand to other cities", Madhu Kannan, Uber's chief business officer for India and emerging markets was quoted as saying by Reuters.

The total number of EVs sold globally was 6-7 lakh units at the end of 2016 and only about 2000 EVs in India.

Gareth Bale back in Real Madrid training
Bale has not played a minute of football since injuring his calf against Borussia Dortmund on September 26. A lot is spoken about his injuries, but he is an important player for us.

Pistorius' jail sentence more than doubled
South African law sets 15 years as the suggested minimum for murder, though this can be reduced depending on the circumstances. Oscar Pistorius sits in the dock during his sentencing hearing at North Gauteng High Court on June 13, 2016 in Pretoria.

Want to trade efficiently? Check out: The Williams Companies, Inc. (NYSE: WMB)
The firm owned 11,275,449 shares of the pipeline company's stock after purchasing an additional 317,446 shares during the period. Following the purchase, the chief executive officer now owns 345,527 shares of the company's stock, valued at $9,408,700.21.

M&M is planning to bid for the second stage of the tender for supplying 9,500 electric vehicles to state-run Energy Efficiency Services (EESL), Goenka said on Friday.

Ranjan said he feels that electric vehicles could also play a key role in ensuring last mile connectivity for commuters of Hyderabad Metro, which is set to be launched next week. The company has already spent around Rs 600 in the sector since the time it first acquired Bengaluru based Reva Electric auto company in 2010.

"We are extremely excited about our collaboration with the Mahindra Group to deploy this electric vehicles pilot in India".

Mumbai: Mahindra & Mahindra (M&M) has joined hands with Uber to run electric vehicles on the latter's platformin several Indian cities.

Mahindra has plans of ramping up capacity to 5000 units a month of EV production from 500 units now.

Conseillé:

  • Inquest begins today into Buncrana pier tragedy

    Inquest begins today into Buncrana pier tragedy

    The baby, Rioghnach-Ann McGrotty, was rescued by passerby Davitt Walsh , who swam to the vehicle to try and save the family. At the time of the accident, in March 2016, the pier was said to be "slippery as ice" due to a covering of thick algae.
    TN: EC announces bye-poll for Radha Krishna Nagar assembly seat

    TN: EC announces bye-poll for Radha Krishna Nagar assembly seat

    The Election Commission stated that the Model Code of Conduct will come into effect in the district with immediate effect. All other arguments stood defeated when the government and party have been functioning under the present office-bearers.
    Barcelona seal top spot with draw at Juventus

    Barcelona seal top spot with draw at Juventus

    He added: "We'll see tomorrow whether we've improved from last season". "It's a good point to help us progress from the group". However, Valverde revealed that his plan was to rest the player ahead of Sunday's top-of-the-table clash against Valencia.
  • Catch Lauren Alaina today in Macy's Thanksgiving Parade

    Catch Lauren Alaina today in Macy's Thanksgiving Parade

    You can tune in to NBC to enjoy the festivities, as well as stream the event on their site and through their mobile app. To stream it on a computer, point your browser to NBC.com/live and log in with the account tied to your cable provider.
    Billy Baldwin accuses Trump of hitting on his wife

    Billy Baldwin accuses Trump of hitting on his wife

    Since Trump announced his campaign, almost two dozen women have come forward with allegations of sexual harassment against him. His brother, Alec Baldwin , has, on several occasions, been criticized for his Saturday Night Live Trump impressions.
    Netanyahu condemns Deputy FM Tzipi Hotovely's remarks disparaging American Jews

    Netanyahu condemns Deputy FM Tzipi Hotovely's remarks disparaging American Jews

    She added that one of her goals is to "bring American Jews closer to Israel..." In the interview, she also mentioned that U.S. A lot of them are having quite convenient lives.
  • Arsene Wenger: 'Mesut Ozil now more determined'

    Arsene Wenger: 'Mesut Ozil now more determined'

    The England worldwide made his first appearance in a month following a groin injury during Thursday's 1-0 loss away to FC Cologne, a result which still meant the Gunners qualify for the last-32 as Group H winners.
    Cisco Systems, Inc. (CSCO), Comcast Corporation (CMCSA)

    Cisco Systems, Inc. (CSCO), Comcast Corporation (CMCSA)

    The stock has a market cap of 174.45 Billion. (NASDAQ: CSCO ) earned "Overweight" rating by Barclays Capital on Monday, August 15. Minneapolis Portfolio Management Group Llc sold 117,213 shares as the company's stock declined 7.50% while stock markets rallied.

    GVO Asset Management Ltd Sells 421674 Shares of Wells Fargo & Company

    The Voya Investment Management Llc holds 7.26 million shares with $402.39M value, up from 5.07M last quarter. The firm has a market cap of $266,205.53, a PE ratio of 13.06, a PEG ratio of 1.30 and a beta of 0.97.
  • Remaniement ministériel : le Chalonnais Benjamin Griveaux nommé porte-parole du gouvernement

    Remaniement ministériel : le Chalonnais Benjamin Griveaux nommé porte-parole du gouvernement

    Enfin, il avait également rejeté les ordonnances visant à réformer le code du Travail. Il reste secrétaire d'Etat en charge des Relations avec le parlement.
    Tsonga domine Steve Darcis et offre son premier point à la France

    Tsonga domine Steve Darcis et offre son premier point à la France

    Tous les produits de Jo-Wilfried Tsonga sont chez Tennis Warehouse, notre partenaire . Goffin avait donné l'avance à la Belgique en disposant de Pouille 7-5, 6-3 et 6-1.
    Messi warns Barcelona against signing Ozil

    Messi warns Barcelona against signing Ozil

    However, Barcelona superstar Lionel Messi may have put a stop to the transfer. Alexis Sanchez is also likely to leave the club at the end of this season.


Populaire

Celgene Corporation (NASDAQ:CELG) Shares Bought by Jackson Wealth Management LLC
In related news, insider Terrie Curran sold 1,727 shares of the stock in a transaction that occurred on Monday, September 25th. Jefferies maintained Celgene Corporation (NASDAQ:CELG) rating on Sunday, August 13. 6,199 were accumulated by Maple Mngmt Inc.

Aston Martin Vantage GTE
Pour la Vantage victorieuse aux dernières 24 Heures du Mans en catégorie GTE, l'heure de la retraite a sonné. Aston Martin propose dès à présent un configurateur en ligne très complet pour la nouvelle Vantage.

Eastern Partnership declaration adopted in Brussels
Since we have had an agreement on association and free trade with them for some time now, we can see that clear-cut steps are made here.

US Navy calls off search for three missing in plane crash
The sailors were aboard a C2-A Greyhound transport plane that crashed into the ocean southeast of Okinawa on Wednesday afternoon. No one was injured on either vessel and Benfold sustained minimal damage, the 7th Fleet said in a statement on November 18.

Sun Life Financial INC Increases Holdings in United Parcel Service, Inc. (UPS)
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Kentucky-based Teachers Retirement Systems Of The State Of Kentucky has invested 0.1% in United Parcel Service, Inc.

India bowl out Sri Lanka for 205, reach 11/1 on Day 1
The two teams are fighting to get ahead in the three-Test series after the opening game ended in a draw at Kolkata's Eden Gardens. Rohit Sharma will replace speedster Bhuvneshwar Kumar. "Rohit Sharma can take on the captaincy role in the skipper's absence".

Diehard Bargain Hunter: Weight Watchers International, Inc. (WTW), Sears Holdings Corporation (SHLD)
ValuEngine raised Weight Watchers International from a "hold" rating to a "buy" rating in a report on Friday, September 1st. In the most updated research from a number of analysts on Wall Street, the company gets 0 Buys and 1 Sell among 1 analysts.

No Thanksgiving dinner companion? No problem
Featuring turkey, stuffing, sweet potatoes, vegetables and more, an assembly line of volunteers prepared a dream meal for many. Viola Kuhn of Emporia said she had been to several of the meals over the years and it was always an enjoyable experience.

Rwanda ready to host enslaved African migrants in Libya
The minister also said negotiations were also continuing with Israel about accommodating African migrants seeking asylum there. The government of Rwanda is offering sanctuary to Africans held in captivity and being sold into slavery in Libya.

Sprouts Farmers Market, Inc. (SFM) Eye-Catching Institutional Ownership of 93.80%
In related news, insider Daniel Bruni acquired 15,000 shares of the firm's stock in a transaction on Friday, September 15th. William Blair reiterated a "buy" rating on shares of Sprouts Farmers Market in a research report on Friday, August 25th.