Hero Electric said it was willing to resolve the dispute with the ministry, which had demanded the disgorgement of Rs 133 crore paid to the company in sops, citing alleged violations of FAME II norm
Most of this demand was driven by the logistics and mobility sector, which accounted for over 50 per cent of the total demand
Yuma Energy on Monday announced the appointment of Muthu Subramanian as its managing director and general manager. Subramanian will be responsible for overseeing the strategic direction and overall operations of Yuma, a joint venture between Bengaluru-based shared electric mobility platform Yulu and the US mobility technology company Magna, the company said. Subramanian has held various leadership positions at Magna, where he worked for 17 years, as per a statement. Yuma operates a network of battery charging and swapping stations for electric two-wheelers. Muthu's proven track record in delivering results, strategic thinking and technical expertise make him an ideal candidate for this important position. We are confident that under his leadership, Yuma Energy will continue to thrive and further strengthen its position, said Matteo Del Sorbo, executive vice-president at Magna and global lead for New Mobility.
The future of EVs in India may ride on two-wheelers, which are getting electrified much faster than cars. These vehicles help you save nearly 40% on TCO or total cost of ownership
India has a total of over 30 million passenger vehicles
B V R Subbu currently manages a boutique strategy-consulting firm, advising global PE funds. He is also on the boards of various automotive and tech firms
Uttar Pradesh is targeting 200,000 charging stations by 2024. Andhra is targeting 100% electrification of buses by 2029
There is also lack of mandate from the government on adoption of electric mobility after ambitious talks of moving all new automobile sales to electric by 2030