Mahindra Reva Electric Vehicles Pvt Ltd was established in the year 1996 and has its headquarters in Bengaluru. The company is a pioneer of electric vehicle (EV) technologies and one of the world's most experienced EV manufacturers. They design, manufacture, and develop automotive products. The Company also offers electric vehicles and energy management products. Mahindra Reva Electric Vehicles markets its products worldwide. The company was a joint venture between the Maini Group of Bangalore and AEV LLC of USA. Since then, the company has remained focused on creating affordable electric cars through advanced technology. It launched its first model in India in 2001 and in London in 2004. Mahindra Reva exemplifies the Mahindra Group's vision of the Future of Mobility. The Future of Mobility envisions an automotive ecosystem that brings Clean, Convenient, Connected, Clever and Cost-effective the 5 C's) mobility solutions to customers across the world. Presently, Mahindra Reva has one of the world's largest deployed fleets of electric cars – customers in 24 countries have driven their Reva and Mahindra e2o fuel-free for more than 200 million kilometers. In May 2010, the USD 16.9 billion, Mahindra Group acquired a majority stake in the company, which was then renamed to Mahindra Reva Electric Vehicles Pvt Ltd. Mahindra Reva is headquartered in Bengaluru, India. The company manufactures cars, licenses out its electric vehicle technologies, electrifies existing platforms, and helps to deliver integrated zero-emissions mobility solutions. The company's new factory in Bengaluru is the first automobile plant to receive a platinum rating from the Indian Green Building Council. Mobile plant to receive a platinum rating from the Indian Green Building Council. They have been ranked 22nd in the prestigious 'Fast Company' magazine listing of the Top 50 Most Innovative Global Companies of 2013, in addition to numerous awards and recognition. The company also won the 'Innovation' award from respected Italian magazine- Focus, during March 2013. It is one of the only three global companies to have received this award for the development of the 'Mahindra e2o' and its environment friendly plant at Bengaluru
A metropolitan city will need at least 60 buses for every one lakh population, as per guidelines from the Union urban affairs ministry. By this standard, Chennai would need at least 4,500 MTC buses. However, it has just 3,400 buses on the road, according to official data.
Sun Mobility works in the area of battery swapping for electric vehicles (EV) and notably has tied up with Italy’s Piaggio to offer battery swapping for its electric three-wheelers in India.
Even as consumer demand rebounded quickly after the second wave of Covid-19, spurred by an increased preference for personal mobility, output hasn't been able to keep pace.
This is the first collective push by companies in India to switch to clean mobility and comes weeks ahead of an United Nations' climate change conference - seen as crucial to wringing out more commitments from governments to stop global warming.
Rane (Madras) Limited manufactures steering and suspension products and light metal casting components.
Launched in 37 hp, 39hp and 42hp, the new Yuvo Tech+ is powered by Mahindra's new mZIP 3-cylinder engine, which comes with higher cubic capacity technology. The three tractor models are Tech+, Tech+ 405 and Tech+ 415.
The seven-seater two new variants - AX7 Luxury MT and AX7 Luxury AT+AWD ( All-Wheel Drive) - are priced at Rs 19.99 lakh and Rs 22.89 lakh, respectively.
Thar is available in two engine options: 2.0L mStallion and 2.2L mHawk.
Vehicle subscription is the latest disruption in the Indian automobile sector. Owing to its ease and flexibility, consumers are increasingly switching over to the subscription model, a shift from ‘ownership’ to ‘usership’. However, to scale up the vehicle subscription model and make it sustainable, an integrated ecosystem needs to be created. OEMs and dealerships must come together with both the banks and the insurance companies to make vehicle subscription viable. In India, where about 85% of vehicles are financed, a unique business model like this has great potential.
Major automobile players such as Maruti Suzuki, Hyundai Motor, Tata Motors and Mahindra reported an adverse impact on production that led to lesser dispatches.
Last year, the company had announced USD 800 million in resources towards helping drivers transition to EVs by 2025, and 100 per cent emission-free rides globally by 2040.
Courts in Paris and Milan have also slapped penalties on the French company in a patent infringement case filed by Italian two-wheeler maker Piaggio Group. The patent in question relates to the control system that enables a three-wheeled vehicle to tilt sideways like a conventional motorcycle.
The mini hatchback, or low-feature entry cars, segment has played a key role in driving ownership early on. Carmakers like Maruti and Hyundai, and later Renault Nissan, built up market share by offering such products at low margins. But demand has dropped over the years.
Carmakers globally have lost revenue because shortages have slammed output. India’s largest automaker, Maruti, said volume would likely drop to about 40% of normal this month
Electric vehicle company Tesla has started pushing a new software update for its 'Full Self-Driving Beta' programme.
“Earlier we had exempted all electric, ethanol and methanol fuelled vehicles from permit regime. All such cabs and motor cycles attached to the operators under these schemes should have been eligible to get the licence. But they were facing problems when they applied for licences,” said an official.
Electric vehicle maker Tesla is going to supply its full energy ecosystem with solar, batteries and EV chargers, to new homes in a new luxury community being built in Florida.
Mahindra had planned to take on non-executive chairmanship from April 2020 , in line with market regulator Sebi's mandate that the chairperson of the board of top 500 listed entities be a non-executive director – also not related to the MD or CEO. However, Sebi extended the deadline for compliance to April 2022.
Sonet emerged as the highest contributor to the company's July sales with 7,675 units, followed by Seltos and Carnival with 6,983 and 358 units, respectively.
“If the gross NPA drops from the current level by even 4-5% in the next three quarters, we are substantially overprovided and therefore it is a write back situation we would be looking at.”
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Amit Kumar Sinha | Unlock to View | Unlock to View | Additional Director | 09 Apr,2021 |
| Rajesh Ganesh Jejurikar | Unlock to View | Unlock to View | Additional Director | 21 Jan,2021 |
| Mahesh Babu Subramanian | Unlock to View | Unlock to View | Managing Director | 07 May,2020 |
| Vijay Ramswaroop Nakra | Unlock to View | Unlock to View | Director | 06 May,2020 |
| Ruzbeh Baman Irani | Unlock to View | Unlock to View | Director | 22 Jan,2018 |
| Ravindra Dhariwal | Unlock to View | Unlock to View | Director | 19 Apr,2017 |
| Sonali Gajanan Kulkarni | Unlock to View | Unlock to View | Director | 31 Mar,2015 |
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