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Aug 1, 2024 | 
fortuneindia.com | Astha Oriel
IN 2024 — two things happened: sales of electric vehicles declined and the price of lithium-ion batteries — which constitute about 40-60% of EV pricing — declined 90% from $1,400 per kilowatt hour in 2010 to $140 per kilowatt hour in 2023, according to the International Energy Association (IEA). While some see this trend as a blessing in disguise for global electric vehicle ecosystem, others are still in the ‘watch and wait’ phase, scrutinising how this trend would aid EV momentum.
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May 16, 2024 | 
fortuneindia.com | Astha Oriel
Pulkit Khurana and Siddharth Sikka, the founders of Battery Smart, have been featured in this year’s 40 under 40 young entrepreneurs list. The 33-year-old IIT Kanpur graduates believe entrepreneurship has been a turning point in their careers. Battery Smart is a Gurugram-based battery-swapping company founded in 2019 and currently has a presence in 28 cities with 1,000 swapping stations.
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Apr 10, 2024 | 
fortuneindia.com | Astha Oriel
Vistara, which faced turbulent times last week as it grappled with flight cancellations, is working on plans for May 24 and beyond, according to CEO Vinod Kannan. In an internal letter to employees reviewed by Fortune India, Kannan said that the Tata Group-owned airline has stabilised operations with its on-time performance (OTP) increasing to 89% on April 9, 2024.
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Mar 18, 2024 | 
fortuneindia.com | Astha Oriel
Shares of JBM Auto surged 9.8% to hit an intraday high of ₹2,060.60 apiece on the BSE on Tuesday, after its subsidiary, JBM Ecolife Mobility, bagged an order worth ₹7,500 crore for the supply of 1,390 electric buses. The tender has been awarded by Convergence Energy Services Limited (CESL) under the PM E-bus Sewa Scheme, JBM Auto says in a regulatory filing.
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Mar 14, 2024 | 
fortuneindia.com | Astha Oriel
The government on Friday approved a new electric vehicle policy in a bid to promote India as a manufacturing hub for electric vehicles, according to the statement by the ministry of commerce. Under the new policy, the automobile manufacturers is required to make a minimum investment of ₹4,150 crore or $500 million with no cap on maximum investment.
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Mar 12, 2024 | 
fortuneindia.com | Astha Oriel
With a dent in Hyundai Motor India's exports in the first two months of 2024 primarily due to the Red Sea crisis, the company is now working towards resolving the issue, according to Tarun Garg, COO, Hyundai India. "Everything has an impact. At the same time we are working towards finding solutions towards the Red Sea crisis," Garg told reporters at the sidelines of the Creta N Line launch on March 12.
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Mar 11, 2024 | 
fortuneindia.com | Astha Oriel
Shares of SpiceJet Ltd tumbled as much as 9.8% in early trade on Tuesday to hit an intraday low of ₹54.60 apiece on the BSE, after airline's chief operating officer (COO) Arun Kashyap and chief commercial officer (CCO) Shilpa Bhatia reportedly resigned from the beleaguered airline. According to news reports, Kashyap and Bhatia are currently serving the notice period till March 31. Following the development, the scrip opened lower at ₹60.57, as against the previous closing price of ₹60.58.
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Mar 3, 2024 | 
fortuneindia.com | Astha Oriel
NEW DELHI-BASED Amit Sharma test-drove at least 30 passenger vehicles with different powertrains before shifting from his diesel car to a strong hybrid in November last year. Considering the wide range of powertrains in the market, it was not an easy decision for him. But Sharma says Grand Vitara strong hybrid satisfies his penchant for exploring new technologies while retaining the comfort of the internal combustion engine (ICE). Sharma is not an exception.
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Feb 28, 2024 | 
fortuneindia.com | Astha Oriel
As the domestic automobile manufacturers race against time to achieve the electrification target by 2030, the electric vehicle penetration has been the fastest in the luxury car segment, says BMW India. Vikram Pawah, President, BMW Group India, in an interaction with Fortune India says that owing to low usage of luxury electric cars and thus limited need to charge them, the adoption rate has been higher in the premium segment.
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Feb 22, 2024 | 
fortuneindia.com | Astha Oriel
Technologies such as ChatGPT are poised to enhance human productivity, says Sonny Singh, executive vice president and general manager, Oracle Financial Services. Singh believes that these AI models will not only enhance human experience but also boost productivity by transforming current systems into intelligent applications. He foresees improvements in customer service and relationship management, leading to increased efficiency of business operations.
