Manu Balachandran

1 week ago | forbesindia.com | Manu Balachandran

“In the EV space, the only way we can create impact is to play the scale game,” Aggarwal had told Forbes India in an interview in March 2021. “Because, unless you build at scale, you cannot bring the cost down enough, and you cannot get consumers excited.”Soon enough, Ola Electric Mobility attracted the attention of global private equity heavyweights, raising funding from the likes of SoftBank and Tiger Global before deciding to go public last year.

1 month ago | forbesindia.com | Manu Balachandran

MG began retailing the car at less than ₹10 lakh, with a first-of-its-kind battery-as-a-service (BaaS) package, which allows customers to lease the battery for their EV instead of purchasing it, and paying a per-kilometre fee for usage.

1 month ago | forbesindia.com | Manu Balachandran

Aakesh Sharma likens building India’s two-wheeler electric vehicle (EV) market to hosting a Diwali party. “Sometimes you want to be the first one to throw a Diwali party and you want to do it by day after tomorrow,” says Sharma, the executive director at Bajaj Auto, who has been with the third largest two-wheeler maker in the country for almost 18 years.

1 month ago | forbesindia.com | Manu Balachandran

In 2017, Bhavish Aggarwal set up Ola Electric Mobility. By 2019, it had become a unicorn. In the four-wheeler category, Tata Motors was making strides with Tigor EV, and Blusmart entered the ride-hailing market with its all-electric fleet, boosting EV presence on Indian roads.

1 month ago | forbesindia.com | Manu Balachandran

It was a sight not many had anticipated. After all, the setting was the Indian government’s flagship defence exhibition, the Aero India 2025, being held at the Indian Air Force’s (IAF)premier transport base, Air Force Station Yelahanka, in Bengaluru. In attendance were the world’s biggest aerospace companies—from US-based Boeing and Lockheed Martin, to Dassault, Safran, and Thales from France, and the Russian government-owned Sukhoi.