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

Mumbai’s Street MBA: How A Bag Hustle Became A ₹8 Lakh Business

A Mumbai auto driver earns up to ₹8 lakh per month by offering a simple…

53 mins ago

Five Districts In Manipur Face Internet Shutdown Following Unrest

Manipur suspended internet in five districts for five days after protests over arrest of a…

2 hours ago

Shashi Tharoor Criticises Pakistan: “In Pakistan You Get Rewarded For Promoting Terrorism”

Shashi Tharoor condemns Pakistan’s treatment of Dr Shakil Afridi, who helped the US locate Osama…

2 hours ago

How To Read Food Labels & Make Smarter Grocery Choices

Reading food labels helps you make informed, healthier choices by understanding nutrition facts & picking…

2 hours ago

JP Nadda Slams Rahul Gandhi’s ‘Match-Fixing’ Claims As ‘Desperation Of Losing’ Polls

Rahul Gandhi's opinion piece appeared in a national daily and sparked political uproar. Opposition parties…

15 hours ago

Poverty In India Reduced Via Tangible Boost In Household Living Standards, Incomes

In 2022–23, poverty under the revised $3.00 line stood at just 5.25 per cent in…

15 hours ago