GreenCell Mobility secures order for over 1,200 electric buses PM E-Bus Sewa scheme
'This is a major milestone in our mission to transform mass mobility through zero-emission electric buses,' said Devndra Chawla, MD & CEO, GreenCell Mobility. 'We are proud to support the Governments of Andhra Pradesh and Madhya Pradesh in their journey toward clean public transport through strategic partnerships, robust financing, and reliable operations.'The buses deployed under this initiative will feature advanced capabilities including over 250km range per charge, fast-charging, AI-powered energy optimisation, and zero tailpipe emissions. They will be equipped with air conditioning, real-time tracking, CCTV surveillance, ergonomic seating, air suspension, and enhanced safety systems, ensuring a comfortable and secure commute.advertisementVinod Aggarwal, MD and CEO of VECV, stated, 'We are delighted to partner with GreenCell Mobility in bringing Eicher electric buses to Madhya Pradesh—a state that has been our home for decades. These reliable buses have already logged over 1.4 crore kilometers across India.'Sudhir Mehta, Founder and Chairman of EKA Mobility and Pinnacle Industries, added, 'This collaboration with GreenCell and the Andhra Pradesh government is a significant stride toward building smarter and more sustainable cities.'The PM E-Bus Sewa Scheme is an initiative of the Centre, aiming to roll out 10,000 electric buses across the country. As part of this, CESL (Convergence Energy Services Limited) floated a tender for 4,588 e-buses for FY25. GreenCell's latest contracts mark one of the largest allotments under the scheme so far.Subscribe to Auto Today Magazine
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Hindustan Times
7 hours ago
- Hindustan Times
After Bengaluru gets 4,500 e-buses, MLA asks H.D. Kumaraswamy to extend scheme to North Karnataka
In a bid to bridge the transportation infrastructure gap in North Karnataka, Arvind Chandrakant Bellad, MLA from Hubballi-Dharwad West and Deputy Leader of Opposition in the Karnataka Assembly, has written to Union Heavy Industries and Steel Minister H.D. Kumaraswamy seeking the allocation of electric buses under the PM e-Drive initiative to underserved cities in the region. Hubballi MLA Arvind Bellad(Wikipedia) Also Read - Bengaluru has more techies than California: Mohandas Pai urges DK Shivakumar to help city's growth What Bellad wrote in the letter? In his letter, Bellad welcomed the central government's push for sustainable public transport and acknowledged the allotment of around 4,500 electric buses to Bengaluru under the initiative. However, he stressed that rapidly growing cities in North Karnataka, such as Hubballi-Dharwad, Belagavi, Kalaburagi, Ballari, and Vijayapura, are in urgent need of enhanced public transportation systems and should also receive their fair share of electric buses. 'These districts are witnessing increasing transport demand and would greatly benefit from green mobility solutions, both in terms of environmental impact and economic development,' Bellad stated. The MLA argued that many North Karnataka cities already have the basic infrastructure in place for such a rollout, including KSRTC depots and BRT corridors, which would allow for a swift and cost-effective deployment of electric buses. He added that equitable distribution of the PM e-Drive fleet would help address the regional imbalance in state-level infrastructure. Also Read - 'Why is she even here?': Canara Bank official faces backlash for not understanding Kannada. Watch Bellad also pointed out that the move would boost local employment, strengthen the electric vehicle (EV) ecosystem, and support the broader goals of the National Clean Air Programme. He urged the Centre to consider these factors while expanding the program beyond Bengaluru. 'This step would reflect the government's commitment to inclusive growth and ensure balanced development across Karnataka,' he concluded. The PM e-Drive scheme is part of the Centre's green mobility push, aimed at reducing vehicular emissions and promoting cleaner modes of public transport across India.
The Print
2 days ago
- The Print
Ankur Aggarwal: Crafting Iconic Legacies, Inspiring Generations with Unmatched Grandeur
New Delhi [India], July 2: In a moment that radiated power and prestige, BNW Developments, under the charismatic leadership of its Founder and Chairman, Ankur Aggarwal, has signed a landmark partnership with Masah, the Middle East's Tier-1 contracting giant. The glittering signing ceremony, held against a backdrop of floral grandeur and luxury branding, heralds the dawn of Aqua Arc–BNW's boldest foray yet into the world of ultra-luxury living. For Ankur Aggarwal, this milestone is more than a business deal; it is a definitive statement of intent. The suave entrepreneur, whose tailored presence and effortless confidence have become emblematic of a new generation of Indian business leaders on the global stage, exudes a rare blend of precision, charm, and audacious vision. From his roots in India's bustling financial corridors to his rise as a defining figure in the UAE's skyline revolution, Ankur Aggarwal has proven himself to be not just a businessman, but an architect of dreams. BNW Developments' projects are not mere structures; they are sculpted statements of ambition. With Aqua Arc, Aggarwal promises to blend avant-garde design with timeless elegance, positioning BNW firmly at the zenith of global luxury real estate. His meticulous attention to detail, insistence on perfection, and ability to seamlessly fuse cultural nuance with modern aesthetics have set new benchmarks for what luxury living can mean in the Middle East. What makes Ankur Aggarwal the toast of industry circles is his effortless command over multiple domains. As a Chartered Accountant turned real estate mogul, he manages billion-dollar assets, negotiates intricate financial deals, and oversees expansive design visions with the poise of a maestro conducting a grand symphony. His team credits him with a magnetic leadership style that inspires creativity while demanding excellence at every step. Beyond the boardroom, Aggarwal's vibrant personality shines through his bold philanthropic initiatives, which reflect the same energy and ambition as his business ventures. His passion for empowering communities, advancing education, and supporting environmental causes has made him a beacon of inclusive growth–a rare combination of luxury tastemaker and socially conscious trailblazer. Leading BNW means overseeing intricate financial models, negotiating high-stakes deals, and pioneering innovative designs, all while fostering a company culture rooted in luxury and sustainability. Aggarwal's seamless juggling of responsibilities and commitment to social impact prove his brilliance as a multitasker. What truly sets Ankur Aggarwal apart is his electrifying aura and unstoppable drive. A dynamic force of nature, his bold, visionary approach isn't just redefining luxury–it's revolutionizing it. Each of his projects is a dazzling fusion of avant-garde design and profound cultural storytelling, crafting spaces that are as iconic as they are inspiring. His magnetic charisma transcends borders, captivating teams, enchanting clients, and uniting communities with a shared dream of excellence. Aggarwal's story is a masterclass in purposeful diversity–a trailblazing entrepreneur who elevates the very essence of luxury living while empowering those around him. His extraordinary journey proves that true success is born from fearless innovation, an unwavering embrace of multicultural perspectives, and a relentless passion to ignite transformative change wherever he goes. In the fast-paced world of business and innovation, few individuals embody the spirit of diversity, vibrancy, and relentless multitasking as vividly as Ankur Aggarwal, Chairman and Founder of BNW Developments. From his roots in India to becoming a transformative figure in the UAE's ultra-luxury real estate market, Aggarwal's journey is a testament to his extraordinary vision, adaptability, and passion for excellence. Few figures have redefined the art of luxury real estate quite like Ankur Aggarwal, the visionary Founder of BNW Developments. From starting a brokerage firm during the pandemic to running a zero-debt development company today, his journey is a masterclass in spotting opportunities, scaling with audacity, and delivering exceptional results. BNW Development's recent launch of FashionTV Acacia by @ was a spectacular celebration of design, innovation, and collaboration, setting a new benchmark for branded residences in the region. Considered among the Top Real Estate Icons of the UAE, Ankur's meteoric rise from a humble consulting startup to a real estate powerhouse in under three years is nothing short of extraordinary. Today, BNW Developments stands tall as one of the Middle East's most formidable forces, managing assets exceeding AED 22 billion. His projects not only push architectural boundaries but also set record-breaking per-square-foot prices, cementing BNW's reputation for excellence. Recognized for championing eco-luxe living, Aggarwal integrates smart, sustainable technologies and wellness-driven amenities, crafting communities that offer residents a sophisticated, future-ready lifestyle. His bold collaborations with world-renowned designers inject an unmistakable glamour into every property, while his magnetic charisma attracts elite investors from Europe, Asia, and beyond. This unstoppable trajectory recently earned Aggarwal the prestigious 'Best Developer – Luxury' award at The Ultimate Realty Awards, a testament to his relentless pursuit of excellence and unmatched contributions to the luxury real estate landscape. As Dubai's skyline continues to evolve, Ankur Aggarwal stands at its forefront–an electrifying leader whose visionary approach, fearless ambition, and timeless elegance are redefining what luxury living means in the Middle East and beyond. Aggarwal integrates smart, sustainable technologies and wellness-centric amenities into his communities, offering residents an elevated, future-proof lifestyle. His bold collaborations with iconic international designers bring an unmistakable flair to each property, while his innate charisma attracts investors and partners from across Europe, Asia, and beyond. Through it all, Aggarwal's unwavering belief in diversity empowers multicultural teams of architects and artisans, ensuring every BNW masterpiece tells a story of ambition, innovation, and timeless elegance. Today, as Dubai's skyline continues to transform, Ankur Aggarwal stands at its forefront–an electrifying leader turning grand visions into reality, one glamorous development at a time. (ADVERTORIAL DISCLAIMER: The above press release has been provided by BusinessWire India. ANI will not be responsible in any way for the content of the same) This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content.
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Business Standard
2 days ago
- Business Standard
Matter Motor Works hunts for new tech as rare earth stocks deplete
Electric motorcycle startup Matter Motor Works has enough rare earth magnets to sustain production for three to four months but is actively exploring alternatives, said Founder Arun Pratap Singh in an interview with Business Standard on Thursday. The Ahmedabad-based firm, which has raised $75–80 million since 2019, is working to avoid supply disruptions following China's curbs on rare earth exports. 'Not today. We've got stock for three to four months. But it will become a problem,' Singh said when asked about the impact of the shortage. 'I was in China sometime back. We had a meeting with our supplier. We thought we had a solution, but today, that solution is not working. We're trying to talk to them and find a way forward,' said Singh, who is the group chief operating officer of the company. He added that Matter currently imports only three critical components: rare earth magnets, battery cells, and semiconductor chips — all of which are not manufactured at scale in India. 'Everything else, we have here in India,' he said. 'We have stock for three to four months... then we will have a problem. So for me, the target is to solve this shortage issue within the next two months so that our production is not impacted,' he said. To address the looming supply challenge, Matter is evaluating magnet technologies that do not rely on rare earth elements. 'There are magnet manufacturers in the world who are developing magnets without these rare earth minerals. There are different technologies. We're talking to them too, and at the right time, we will switch over from these magnets,' he said. Launched in October 2024, Matter's first product — the Aera electric motorcycle — is currently sold in Ahmedabad, Jaipur, Bengaluru, Pune, and Delhi. The company plans to expand to 30 outlets across 20 cities by August and has set a sales target of 10,000 units for the current financial year (2025-26), scaling up to 50,000–60,000 units next year. According to Singh, non-rare earth magnets are only 5–7 per cent costlier and offer similar performance — making them a viable alternative as Matter ramps up production. China, which controls a sizeable share of global rare earth supplies, imposed export controls on several critical elements in April, citing national security concerns. These include samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium — metals used in high-performance magnets — along with related alloys and components. The Aera is priced at ₹1.93 lakh for the base model (Delhi ex-showroom). Singh acknowledged that a petrol bike offering similar performance would cost about ₹30,000 less but said electric bike buyers can recover that through lower fuel costs. 'The customer understands that electricity is a cheaper and more predictable fuel,' he said. Matter is also in the process of applying for subsidies under the central government's PM E-DRIVE (Electric Drive Revolution in Innovative Vehicle Enhancement) scheme. This support could lower the effective cost of the bike by another ₹5,000. 'Government support is important for customer confidence, but it is not a primary factor in our pricing,' Singh observed. Matter is targeting younger riders between the ages of 18 and 24, banking on design, performance, and long-term affordability to build traction in the competitive electric two-wheeler market.
