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Mint
12 minutes ago
- Mint
Ola Electric teases new software for two-wheelers, sports segment entry this I-Day: What you need to know
Bhavish Aggarwal-led Ola Electric has released a series of video teasers on social media platforms such as X (formerly Twitter), ahead of its latest launch event, called Sankalp 2025 this Independence Day (on August 15). Highly anticipated among these ventures is the announcement of the latest MoveOS 6 software for its electric two-wheelers. Notably, the videos hinted at artificial intelligence (AI) features in the new software. Sources also told PTI that among the AI features on offer will be an AI chatbot, voice assistance, and predictive services, powered by Ola's AI arm Krutrim. The MoveOS 5 was annnounced at Sankalp 2024 last year, with a bunch of upgrades for convinience, safety and security. In a separate video, the company also teased a first look of its Moonshot project, Diamondhead motorcycle. Meanwhile, sources also told PTI that Ola Electric is likely to announce an expansion to its portfolio with entry into the sports scooter segment. In the run-up to its annual 'Sankalp' event, the company on Wednesday dropped a teaser on what looks like a sportier version of its scooter line-up. As per sources, Bhavish Aggarwal-led Ola Electric's sports scooters could also come equipped with AI features powered by Ola Krutrim. Sankalp in Ola Electric's annual event, and will take place at the company's Gigafactory, in Krishnagiri, Tamil Nadu on August 15, 2025.
Time of India
12 minutes ago
- Time of India
Mahindra plans to export EVs to UK with trade agreement in place
Mumbai-based Mahindra & Mahindra is preparing to export its electric vehicles (EVs) to the United Kingdom, leveraging opportunities arising from the recently finalised India-UK free trade agreement (FTA), Group CEO and Managing Director Anish Shah told PTI Videos. The company, a leading player in India's domestic EV segment, expects electric vehicles to account for 30 per cent of its overall sales by 2030. In 2022, Mahindra inaugurated its Mahindra Advanced Design Europe (M.A.D.E) facility in Banbury, Oxfordshire, which serves as the conceptual hub for the company's electric product portfolio. Shah highlighted India's potential to become a global hub for automobile manufacturing. "We are looking forward to exporting our electric vehicles to the UK and to take a bigger share of the UK market and competing in the UK on the back of this FTA," he said. Shah highlighted the government's approach to the India-UK trade agreement, noting that it opens up the domestic market to UK goods while also boosting Indian exports across multiple industries. He said the FTA is expected to foster innovation and strengthen manufacturing in the country. Using the automobile sector as an example, he pointed out that India has significant potential to become a global auto manufacturing hub. While the industry is currently smaller, improvements in ease of doing business, logistics costs, and import duties are enabling the production of higher-quality vehicles domestically. He added that India's manufacturing hub potential extends beyond domestic firms to global automakers. "We want the best global automakers to be in India and produce in India. It will spur businesses. It will be better... more competition makes us better over time. So it's very important for us to be able to have a very thriving auto industry in India, consumers having the choice of the best cars in the world," Shah said. Addressing concerns over the entry of global EV players such as Tesla and Vinfast into the Indian market, Shah said Mahindra sees competition as a growth opportunity. "We are actually excited about it. And it's something I say in all seriousness, because if you look back at the last 25 years, we had this question come up numerous times," he said, referring to past entries of Ford, Hyundai, and Kia. "And we've not just survived. We've gotten better as we've had competition that came in, and today we are actually standing at a much stronger position," Shah added. The company's strong research and development capabilities in India allow it to manufacture high-quality vehicles at competitive costs, he noted. "We think it's good for India to have a thriving auto ecosystem, and that's something that we feel is better for consumers and good for us," he said. Shah highlighted Mahindra's growing market share in the SUV segment, which has risen from 11 per cent to 27 per cent over time, with a 5.7 percentage-point increase in the last quarter alone. "Now we have not set specific numbers for 2030 as to what a market share should be. Our focus is on developing the best products. Execute very well, and that will enable us to keep a leadership position," he said. Mahindra plans to expand its product range across domestic and international markets. "We will focus on certain markets, first get to a strong market share, then focus on the next set of markets. So we see a lot of opportunities for growth, and it starts with creating the best products," Shah said. On the company's SUV strategy, he added: "We chose to be in SUVs because we had strength in that area. We could build authentic SUVs very well, and we've taken that strength and augmented it by a number of things around more refined cars, much better technology in cars, and that's helped us get where we are. As we go forward. We feel that we may look at other actions, we may look at slightly smaller SUVs to start with." Regarding potential global acquisitions, Shah said Mahindra will prioritise strategic moves that strengthen its core business. "SML (stake acquisition) is a classic example. It's one that takes our truck business to a different level and puts it on a much better path for growth and as we see opportunities to do that and to be able to deliver the returns for our investors, we will do it," he said. On rare earth magnet shortages affecting EV production, Shah said alternatives are being explored. "There are potential alternatives as well. So we are working through some of those," he noted. He added that India has strengthened its resilience through past disruptions such as the semiconductor shortage and expects to manage challenges arising from geopolitical factors. "As I said, it's one of the geopolitical disruptions. We had semiconductors, and going through that has made us stronger, and that has allowed us to look at what are the potential alternatives here. And I believe the government is also doing a lot to look at alternatives for vehicles and permanent magnets as well. So we feel that we should be able to handle that and then move forward on this," Shah said.
Hindustan Times
27 minutes ago
- Hindustan Times
Mahindra to showcase four new SUV platforms tomorrow. Here's what to expect
Mahindra & Mahindra is gearing up for a high-stakes Independence Day reveal on August 15, 2025, when it will introduce four new Vision SUV concepts—Vision T, Vision S, Vision SXT and Vision X—under its awaited Freedom NU platform. This monocoque design, also referred to internally as the New Flexible Architecture (NFA), is designed to support petrol, diesel, hybrid, and electric powertrain models, marking a strategic drive towards multi-energy mobility. The platform will be produced at the Chakan facility, with planned annual capacity of up to 1.2 lakh units. Mahindra's teaser campaign, running under the hashtag Freedom_NU, has offered brief but telling glimpses of the four concepts. SUV concepts: A glimpse into the future Mahindra's teaser campaign, running under the hashtag Freedom_NU, has offered brief but telling glimpses of the four concepts. The Vision.T is defined by its angular bonnet, untamed wheel arches, bonnet latches, and upright stance—features that clearly inherit from the Thar's DNA and might indicate a more developed Thar.e inspired model. The Vision.S, with its upright linearity, bonnet scoops, and muscular build, looks set in the lineage of the Scorpio, suggesting a potential electric variant of the bestselling SUV. Also check these Cars Find more Cars UPCOMING Mahindra XUV500 2025 2179 cc 2179 cc Diesel Diesel ₹ 12 Lakhs Alert Me When Launched UPCOMING Mahindra e20 NXT 15 kWh 15 kWh 140 km 140 km ₹ 6 - 8 Lakhs Alert Me When Launched UPCOMING Mahindra Thar E 75 kWh 75 kWh 400 km 400 km ₹ 25 Lakhs Alert Me When Launched Mahindra XUV700 2184 cc 2184 cc Multiple Multiple ₹ 14.49 Lakhs Compare View Offers Mahindra Thar 2184 cc 2184 cc Multiple Multiple ₹ 11.50 Lakhs Compare View Offers Mahindra Thar ROXX 2184 cc 2184 cc Multiple Multiple ₹ 12.99 Lakhs Compare View Offers Also Read : Mahindra XEV 9e Pack Two vs Pack Three Select: Price, range, features and specs Meanwhile, the blends utility with off-road readiness, showing the design cues of a pickup-style SUV—perhaps a production-bound evolution of the Global Pik-Up concept. The Vision.X breaks from the rugged mould, adopting a sleeker, more compact, and urban-friendly design, suggesting it could be an electrified or hybrid member of the XUV family. Expected features Though still under wraps, these Vision concepts are expected to flaunt modern design trends—think connected dashboards, ADAS features, digital displays, and premium materials. If Vision X is indeed a compact family SUV or urban EV, it could rival the likes of Tata's Punch EV or Maruti's EV-based offerings, bringing Mahindra into new customer segments. The rugged Vision T and S will likely target segments where Ford Endevour and Toyota Fortuner compete, but with added electrification potential. The Freedom NU platform is further expected to elevate Mahindra's flexibility over competitors by accommodating multiple powertrains in a single architecture—something not readily seen in the ladder-frame SUVs that define its traditional rivals. Also Read : New Mahindra Bolero Neo spotted ahead of launch Expected specs Unlike a standard product launch, this reveal is centred around a platform-first strategy. The Freedom NU platform is being positioned as a highly adaptable base capable of supporting multiple fuel types, including the possibility of plug-in hybrid systems. Its engineering facilitates a shared architecture to support both ICE and EV variants, as shown by the combination of badges in teaser images. This strategy provides Mahindra with cost savings and shorter development cycles, while presenting a consistent brand experience across its SUV portfolio. In addition to the four concept SUVs, Mahindra will also bring the facelifted Bolero Neo, and that could be one of the first production cars to be based on the platform's underpinnings. What it all means Mahindra's August 15 launch is expected to mark the brand's shift to future-proof SUVs that go beyond fuel types. For current customers, that translates to potential added choice and technology-laden options in the near term. For Mahindra, it's a transition to maintain rough-around-the-edges DNA while welcoming electrification and refinement. The monocoque architecture may further help improve drive comfort —areas where rivals often edge ahead. Check out Upcoming Cars in India 2025, Best SUVs in India. First Published Date:
