BASF and AM Green B.V. have signed a memorandum of understanding (MoU) to collaboratively explore and develop commercial prospects in India for low-carbon chemicals manufactured entirely from renewable energy, as well as the accompanying value chains. The agreement was inked at the Asia-Pacific Conference of German Business 2024 in New Delhi, India.

As part of the MoU, both the companies intend to conduct feasibility studies on low-carbon chemicals production in India, including a joint evaluation of potential technologies. The collaboration also includes a non-binding letter of intent to purchase 100,000 tonnes of ammonia per year generated entirely using renewable energy, including electricity from pumped storage projects at AM Green's plants in various parts of India. This ammonia will comply with EU criteria for non-biological renewable fuels (RFNBO) outlined in the Renewable Energy Directive (RED III).

Dr Markus Kamieth, Chairman – Board of Executive Directors, BASF SE, said, “We are committed to the sustainable transformation of the industries we serve. We are convinced that India is the right place to explore low-carbon chemical production together with our partner AM Green.”

Mahesh Kolli, Group President, AM Green said, “We are delighted to partner with a global chemical leader like BASF to propel the green transformation in the industry. AM Green’s vision of deepening capabilities in downstream value chains of green molecules is core to this partnership with BASF. AM Green and BASF partnership envisages to cater to multiple chemical downstream and associated consumer industries by providing key green molecule feedstocks to produce chemicals, materials and products in the markets served by BASF.”

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EMotorad, a leading bicycle brand, has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh government to establish a manufacturing facility in Kuppam. The company has been allocated a 7-acre site for the plant, which will be part of the region's Green City Initiative.

The project is a collaboration with the Kuppam Area Development Authority (KADA) and IIT Kanpur. EMotorad expects the facility to produce electric cycles for markets in Andhra Pradesh and across India, while providing employment for the community.

Kunal Gupta, Co-Founder and CEO, EMotorad, said, "Kuppam holds a special place in EMotorad's journey. It's where we set our world record earlier this year, and that moment stayed with us. It made us want to put down roots here, not just pass through. Setting up this facility is just an indication of our intentions for a city that has given us so much. Beyond manufacturing, this is about building something lasting for the people of Kuppam, real jobs, real infrastructure, and a stake in India's clean mobility future. We're deeply thankful to Chief Minister N Chandrababu Naidu Garu for his leadership behind the Green City Initiative and for trusting us to be part of that story."

The Green City Initiative aims to develop Kuppam as a hub for sustainable development. Other organisations involved in the initiative include Mother Dairy, Adidas and Hindalco.

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Bengaluru-based electric vehicle maker Simple Energy has collaborated with IDFC FIRST Bank to provide vehicle financing for customers buying its e-scooters.

The partnership aims to support electric vehicle adoption by providing financing options and approval processes at the point of sale. At present, Simple Energy operates 73 outlets in 39 cities, with plans to expand to centres including Ranchi and Bhubaneshwar.

Shreshth Mishra, Co-Founder, Simple Energy, said, “India's transition to electric mobility will be driven not only by innovation, but also by accessibility. As we continue expanding our retail footprint across the country, it is equally important to make EV ownership more convenient for customers. This partnership with IDFC FIRST Bank will help simplify the purchase journey by enabling easier access to financing, allowing more riders to experience our long-range, high-performance electric scooters and accelerate the adoption of electric mobility."

The company’s current product portfolio includes the Simple OneS Gen 2 priced from INR 159,999, the Simple One Gen 2 from INR 194,999 and the Simple Ultra from INR 234,999.

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New Delhi-based electric vehicle company Komaki has introduced two new e-scooters - the MG Pro V and MG Pro+, priced at INR 73,999 and INR 79,999, respectively, featuring metal-body construction, distinguishing them from the fibre-bodied scooters commonly found in this segment.

The MG Pro V offers a range of 90-100 km, while the MG Pro+ provides a range of over 150 km per charge. Both scooters use BLDC hub motors and LiFePO4 battery technology. Standard features across the models include front disc brakes, telescopic suspension, mobile app connectivity, an anti-theft lock, a parking assist system and a repair switch.

Gunjan Malhotra, Co-Founder, Komaki Electric Vehicles, said, "The electric two-wheeler market has grown rapidly, but affordability should never come at the cost of quality. With the MG Pro V and MG Pro+, we wanted to offer customers features that have traditionally been associated with more expensive vehicles. These include a strong metal body and safe, long-lasting LiFePO4 batteries with a longer lifespan than those found in many electric two-wheelers and ICE vehicles currently available in the market. This combination inspires confidence among customers. It also reflects our commitment to making premium build quality, dependable performance, and modern technology accessible to a much wider audience. We believe customers deserve products that not only look good but are built to withstand everyday Indian road conditions."

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JSW MG Motor India, one of the leading passenger vehicle manufacturers, has announced that its popular MG Windsor electric SUV has attained a new sales milestone of selling 75,000 units in less than two years.

The company reported that over 19,000 units were sold in H1 of CY2026, maintaining the model's position as a top-selling electric vehicle in the country. JSW MG Motor India recorded a 13 percent YoY growth in overall sales for the same period.

Anurag Mehrotra, Managing Director, JSW MG Motor India, said, “The Windsor is a winning proposition delivering strong value and resonating with the preferences of Indian car buyers. With its customers spanning across metros and emerging markets, the MG Windsor has meaningfully contributed to accelerating India’s EV adoption, transforming the way India moves. While the journey ahead remains interesting, it is important to reflect on an incredible journey backed by the grit and determination of our teams to deliver something truly exceptional.”

The e-SUV features a 38 kWh or a 52.9 kWh battery option, offering ranges of 332 km and 449 km respectively. It includes a 15.6-inch touchscreen display and reclinable seats.

JSW MG Motor India plans to expand its New Energy Vehicle (NEV) portfolio during the current financial year with the addition of two new electric vehicles and one plug-in hybrid electric vehicle.

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