logo
Quantum Energy Expands Manufacturing Facility in Hyderabad to Meet Surging EV Demand

Quantum Energy Expands Manufacturing Facility in Hyderabad to Meet Surging EV Demand

Business Standard13 hours ago

VMPL
Hyderabad (Telangana) [India], June 9: Hyderabad-based EV startup, Quantum Energy Ltd. announces the expansion of its state-of-the-art manufacturing facility in Maheshwaram, near the proposed Future City, Hyderabad. This facility will also create significant employment opportunities in the region and contribute to Telangana's vision of becoming a hub for clean and future-ready industries.
With a production capacity of 2 lakh units per annum and spread across 2.4 lakh square feet, the facility has been designed to be a net-zero premises, aligning with the growing need for environmentally responsible industrial infrastructure.
This strategic expansion comes as Quantum Energy experiences an upsurge in demand for its innovative electric two-wheelers, including its current line of models like Plasma, Milan, and Bziness, & upcoming new product launches which combine performance with smart features tailored for Indian roads and climatic conditions.
Quantum Energy is strengthening its focus on last mile connectivity and various other mobility solutions where the demand for cost-efficient, eco-friendly transport options is growing rapidly. The company is developing innovative mobility solutions which will re-define the entire 2-wheeler industry as we see it today.
Speaking on the occasion, Mr. Chakravarthi Chukkapalli, Managing Director - Quantum Energy said, "The expansion of our manufacturing facility at Maheshwaram is a defining milestone in Quantum Energy's journey. As the electric mobility revolution gains pace in India, we aim to deliver high-quality, energy-efficient two-wheelers that are technologically advanced and environmentally responsible. This net-zero facility represents our vision for a cleaner future and our promise of a greener planet to our eco-friendly consumers".

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

S Jaishankar welcomes Belgium's support and solidarity in combatting terrorism
S Jaishankar welcomes Belgium's support and solidarity in combatting terrorism

Time of India

time36 minutes ago

  • Time of India

S Jaishankar welcomes Belgium's support and solidarity in combatting terrorism

BRUSSELS: External affairs minister began his visit to Belgium on Monday with a meeting with deputy prime minister and foreign minister Maxime Prevot. The discussions focused on enhancing bilateral cooperation and combating terrorism. Tired of too many ads? go ad free now He appreciated Belgium's support in combating terrorism and welcomed their solidarity and emphasised the strong momentum in the India-EU partnership, highlighting the potential for collaboration in clean energy, mobility, and pharmaceuticals. The two leaders discussed deepening cooperation in areas such as trade, investment, technology, defense, and security. Sharing the details in a post on X on Monday, EAM said, "Pleased to meet DPM & FM @prevotmaxime at the start of my visit to Belgium. Welcomed Belgium's support and solidarity in combatting terrorism. Appreciated the strong momentum of our bilateral engagement and the India - EU partnership. Also held wide - ranging discussions on deepening our cooperation including in trade, investment, technology, defence & security, pharmaceuticals, clean energy and mobility. " Jaishankar's visit to Brussels comes three months after Princess Astrid of Belgium led a 300-member economic mission to India. The recent visit by Princess Astrid, who met with Prime Minister Narendra Modi and Jaishankar, discussed key areas such as labor migration, pharmaceuticals, defense, diamonds, space exploration, and green energy. Interestingly, Jaishankar's visit coincides with the detention of fugitive Indian diamantaire Mehul Choksi in a Belgian jail. Choksi, accused of defrauding Punjab National Bank of Rs 13,850 crore, was arrested in mid-April on India's extradition request. Tired of too many ads? go ad free now India has an extradition treaty with Belgium, and the government is likely to pursue Choksi's extradition during the EAM's visit. Jaishankar is on an official visit to France, the European Union (EU), and Belgium from June 8 to 14, 2025, the Ministry of External Affairs announced in a press release on Sunday. The visit marks a significant step in further strengthening India's strategic partnerships with Europe. The EAM will first travel to Paris and Marseille, France, where he will hold bilateral discussions with the Minister for Europe and Foreign Affairs of France, Jean Noel Barrot. The EAM will hold a Strategic Dialogue with the EU High Representative and Vice President Kaja Kallas. According to the MEA press release, "India-European Union strategic partnership has strengthened over the years across diverse sectors and got a big boost with the first-ever visit of the EU College of Commissioners to India in February this year." Jaishankar will also meet senior leadership from the European Commission and European Parliament and interact with think tanks and media. MEA in its statement noted that the Belgium leg would also see the EAM meet members of the Indian community during his visit. The MEA highlighted, "India and Belgium share warm and friendly relations along with a very robust economic partnership. Today the collaboration between the two countries spans various domains like trade and investment, green energy, technology, pharmaceutical, diamond sector and strong people-to-people ties." The Ministry of External Affairs emphasized that the visit is expected to further deepen India's friendly relations with the European Union, France and Belgium and give renewed momentum to ongoing cooperation in diverse areas.

India's trade agreement with EFTA to boost investments by $100 billion
India's trade agreement with EFTA to boost investments by $100 billion

Time of India

timean hour ago

  • Time of India

India's trade agreement with EFTA to boost investments by $100 billion

Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Bern, Switzerland: India's trade agreement with the European Free Trade Association (EFTA) comprising Switzerland, Norway, Iceland and Liechtenstein will come into effect in September, commerce and industry minister Piyush Goyal said on also said talks on a trade deal with the European Union could be concluded 'faster than expected'.India had already created a dedicated desk under Invest India for companies from the EFTA bloc to facilitate investment in India, he said, adding: "It will enter into force by September."The agreement has received approval from the parliaments of all four countries, Goyal said. In Switzerland, there is an objection period open until July 10 when citizens could challenge the pact. July and August are holiday months Delhi and the EFTA nations had signed the Trade and Economic Partnership Agreement (TEPA) on March 10, agreement envisages an investment commitment of $100 billion in 15 years from the grouping into India in lieu of customs duty cuts. This commitment, Goyal said, was included for the first time in a trade who is on a four-day visit to Switzerland and Sweden, said companies in biotech, cybersecurity, healthcare and machinery manufacturing have shown interest in investing in India. A delegation of 90 Indian companies is accompanying Goyal on this visit to meet local leaders and businesses to promote trade and said he held bilateral meetings with over a dozen companies here and most of them are keen to invest in India. He said a delegation of 100 companies had visited India in February and some of them are keen to test market their products"There is a lot of excitement here for India," he said, adding that the trade deal will bring predictability, continuity and stability of the policy regime for investors from both was talking to journalists after his meeting with Swiss industry Minister Narendra Modi's government, which has completed 11 years, has gone from a position of strength to negotiate free trade deals with advanced economies, Goyal Delhi is in talks with the US for a bilateral trade deal, he said. India has already signed an early harvest deal with Australia and is also actively negotiating agreements with New Zealand, Chile, Peru and trade dealAsked about if India is prepared to finalise a trade agreement with the US by prioritising low-hanging fruits, Goyal said: "India is always ready for that and I believe that" the things, which are not controversial, the low-hanging fruits, should be captured first as those sectors will start getting is not necessary to wait for everything and why waste time until it is perfect, he said, citing the example of trade officials are in New Delhi for the trade talks with their Indian counterparts. The week-long deliberations will conclude on June whether the deal can be concluded before July 9, he said: "I am a born optimist".During his meeting with companies here, Goyal suggested they organise board meetings in India so that they can see the investment potential in the country."The world today recognises that the best place to do business is India … India is also a preferred destination for services," he years of governmentTalking about the 11 years of the Modi government, Goyal said close to 2,000 GCC (global capability centres) had been set up in the are all possible because of "good governance" of the last 11 years, he said, while highlighting the reduction in extreme poverty and performance of stock markets. He also cited the gap between the yields on Indian bonds and the US treasury, which has narrowed from 6.3% in 2014 to 1.78% now.'PM Modi had taken the country from being a fragile five to being among the top five economies,' he saidGoyal said the government is trying to create large domestic accountancy firms in India, and the country will soon have its own "Big Four".Global professional services firms Deloitte, PricewaterhouseCoopers, EY and KPMG currently dominate the accountancy space in the country.

Leaders of ‘orgasmic meditation' wellness company convicted in forced labor trial
Leaders of ‘orgasmic meditation' wellness company convicted in forced labor trial

Mint

timean hour ago

  • Mint

Leaders of ‘orgasmic meditation' wellness company convicted in forced labor trial

NEW YORK (AP) — The leaders of a sex-focused women's wellness company that promoted 'orgasmic meditation' have been convicted of federal forced labor charges. A Brooklyn jury on Monday found Nicole Daedone, founder of OneTaste Inc., and Rachel Cherwitz, the California-based company's former sales director, guilty of forced labor conspiracy after deliberating for less than two days following a roughly monthlong trial. Daedone's defense team had cast her as a 'ceiling-shattering feminist entrepreneur' who created a unique business around women's sexuality and empowerment. But prosecutors argued the two women ran a yearslong scheme that groomed adherents — many of them victims of sexual trauma — to do their bidding. They said Daedone and Cherwitz used economic, sexual and psychological abuse, intimidation and indoctrination to force OneTaste members into sexual acts they found uncomfortable or repulsive, such as having sex with prospective investors or clients. The two told followers the questionable acts were necessary in order to obtain 'freedom' and 'enlightenment' and demonstrate their commitment to the organization's principles. Prosecutors said OneTaste leaders also didn't pay promised earnings to the members-turned-workers and even forced some of them to take out new credit cards to continue taking the company's courses. Lawyers for the two women didn't immediately respond to emails seeking comment Monday. OneTaste started in San Francisco around 2005 as a sort of self-help commune that viewed female orgasms as key to sexual and psychological wellness and interpersonal connection. A centerpiece was 'orgasmic meditation,' carried out by men manually stimulating women in a group setting. The company quickly opened outposts from Los Angeles to London following glowing media coverage in the 2010s. At the time, OneTaste was portrayed as a cutting-edge enterprise that prioritized women's sexual pleasure. But Daedone sold her stake in 2017 — a year before OneTaste's marketing and labor practices came under scrutiny. The company's current owners, who have rebranded it the Institute of OM Foundation, have said its work has been misconstrued and the charges against its former executives were unjustified. They maintain sexual consent has always been a cornerstone of the organization. The company didn't immediately respond to an email seeking comment.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store