Business

Magenta Mobility Collaborates With Tata Motors

Magenta Mobility, a full-stack electric fleet operator, made its entry into the electric four-wheeler commercial vehicle segment on Monday through a strategic agreement with Tata Motors.

The company announced a first agreement with Tata Motors to deploy 500 units of the latter’s Ace EV, which is designed for a range of intra-city applications.

In a statement, Founder and Managing Director of Magenta Mobility, Maxson Lewis said, “Our partnership with Tata Motors marks our entry into electric four-wheel cargo fleet across India. With this partnership, we will work closely with them to open up new avenues for electrification, accelerating the EV adoption in urban deliveries”.

Lewis went on to say, “Together with Tata Motors, the company aims to drive sustainability in intra-city logistics in the country by reducing the carbon footprint in the last- and mid-mile freight segment”.

Vinay Pathak, Business Head for SCV&PU at Tata Motors, stated, “This partnership reaffirms our commitment to democratize zero-emission e-cargo mobility solutions across the country, thereby contributing to a cleaner and greener future for India”.

Magenta Mobility currently operates in several cities, including Bengaluru, Mysuru, Hyderabad, Mumbai, Pune, Delhi, Noida and Surat. It operates a fleet of approximately 1,200 electric vehicles that serve clients in various industries such as e-commerce, grocery delivery, FMCG, food, and medicines.

Also read: Sensex And Nifty Climb In Early Trading

Spriha Rai

Recent Posts

PM Modi Meets Bhutan PM Tobgay At BIMSTEC Summit; Highlights Strong Bilateral Ties & Regional Cooperation

PM Narendra Modi met Bhutanese PM Tshering Tobgay on the sidelines of the 6th BIMSTEC…

19 mins ago

Jamia Students Back Waqf Amendment Bill; Call It A Step Toward Empowerment

The student group 'Shaher-E-Arzoo' expressed firm support for the Waqf Amendment Bill, calling it a…

3 hours ago

India’s Exports To The US Face Limited Impact From Tariff Hike: SBI Report

The 27% tariff hike by US President Donald Trump on Indian goods will have only…

3 hours ago

Waqf Freed From Mafia Control, New Era Of Development Begins For Muslims: MRM

Following the passage of the Waqf Amendment Bill 2024 in both Houses of Parliament, celebrations…

4 hours ago

India’s Forex Reserves Surge To $665.4 Billion; Rupee Strengthens As Trade Deficit Narrows

India’s forex reserves jumped $6.6 billion to a five-month high of $665.4 billion for the…

5 hours ago

Laxmi Singh Leads Gautam Buddha Nagar Police To Historic No 1 Rank In IGRS Across All Stations

Gautam Buddha Nagar Police, led by CP Laxmi Singh, achieved a historic feat with all…

6 hours ago