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Tarun Mehta - 1 Mehta - 1 ” Mehta - 1 pedaling - 1 MotoCorp - 1 ” - 1 Brajesh Chhibber - 1 “ - 1
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Hosur India Indian Bangalore New Delhi Delhi Gurgaon Gurugram
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India CNN — - 1 Ather Energy - 1 “ - 1 CNN - 1 McKinsey - 1 Manufacturing of Electric Vehicles - 1 EV - 1 Economic - 1

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3 mentions found


☆ India's EV revolution has begun, with a new scooter every 90 seconds
  + stars: | 2023-08-22 | by ( Michelle Toh Kunal Sehgal Ivan Watson | Michelle Toh | Kunal Sehgal | ) edition.cnn.com   time to read: +8 min
Here, workers in black uniforms churn out a brand-new electric scooter every 90 seconds, while executives review the company’s skyrocketing sales. Mehta is the 33-year-old CEO of Ather Energy, an electric scooter manufacturer that has enjoyed a recent explosion of demand. “That’s an incredible jump.”The push has been fueled by strong state support, particularly through a policy known as “FAME,” or the Faster Adoption and Manufacturing of Electric Vehicles. Electric two-wheelers on display at the Hero Electric Vehicles headquarters in Gurgaon, India, in 2021. BluSmart is an Indian ride-hailing startup that uses an all-electric fleet, relying heavily on charging infrastructure.
Persons: Tarun Mehta, Mehta, ” Mehta, pedaling, MotoCorp, ”, Brajesh Chhibber, “, Bain, That’s, Anindito Mukherjee, Anmol Singh Jaggi, Fadnavis, Chhibber, ” Chhibber, Jaggi Organizations: India CNN —, Ather Energy, “, CNN, McKinsey, Manufacturing of Electric Vehicles, EV, Economic, Ministry of Heavy Industries, Hero Electric Vehicles, Bloomberg, Getty, ” Locations: Hosur, India, Indian, Bangalore, New Delhi, Delhi, Gurgaon, Gurugram
☆ The collapse of the 'unremarkable middle' might be the best way to describe what's going wrong for retailers right now
  + stars: | 2023-05-30 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +4 min
Stores like Bed Bath & Beyond are an "unremarkable middle," Dennis said on the Remarkable Retail podcast. Fewer middle-income consumers mean a shrinking shopper base for retailers that historically catered to the middle class, Retail Dive reported in 2019. "The apocalyptic part is really about the collapse of the unremarkable middle," Dennis said on the podcast. That's putting new pressure on the "unremarkable middle," Dennis said. "Economic pressure is going to reveal more fragility on the part of many retailers," Dennis added.
☆ Indian taxi startup BluSmart picks EV fight with Uber
  + stars: | 2023-04-19 | by ( Aditi Shah Aditya Kalra | Aditi Shah | Aditya Kalra | ) www.reuters.com   time to read: +6 min
[1/2] A man charges an electric vehicle (EV) at the charging hub of Indian ride-hailing BluSmart Electric Mobility in Gurugram, India, December 9, 2022. SCALING UPIndia's ride-hailing market is currently worth $13.4 billion - a tenth of China's - and penetration is just 7%, according to Statista, making the country of 1.4 billion a lucrative opportunity. BluSmart, which operates in just two cities with 5,000 vehicles, says it commands 9% market share of Delhi's ride-hailing market. In February, Uber's India chief Singh dismissed concerns about BluSmart, saying Uber still offered more diverse ride options, including scooters and autorickshaws. "In a way it (BluSmart) has forced Uber to reimagine how it wants to play in India," WEF's Khurana said.
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