New Delhi: The number of India-based companies awaiting licences from China’s commerce ministry to procure rare earth magnets has nearly doubled to 21 from 11 two weeks ago, according to people familiar with the matter. These include Bosch India, Marelli Powertrain India, Mahle Electric Drives India, TVS Motor and Uno Minda, they said. Sona Comstar,…
Ather Energy, the Indian startup manufacturing electric two-wheelers, has cut the size of its initial public offer by 18% to 26.26 billion Indian rupees ($308.3 million), according to a new draft prospectus filed Tuesday. The Bengaluru-based startup confirmed to TechCrunch that it’s targeting a post-money valuation of $1.4 billion. Last September, the startup sought a…
Deliveries of Mahindra XEV 9e and BE 6 will begin between February and March 2025. The BE 6e is priced from ₹18.90 lakh (ex-showroom, introductory) while the XEV 9e comes at a introductory starting price of ₹21.90 lakh (ex-showroom). Loaded with futuristic technology that can take on some of the luxury vehicles, coupled with unique…
