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

Delhi High Court Reprimands MCD Commissioner for Unauthorized Constructions Leading To Flooding

The court highlighted that unauthorized constructions are blocking water outlets, leading to clogged drains and…

6 mins ago

Delhi High Court: Justice Amit Sharma Recuses From Delhi Riots Bail Plea, Case To Be Reassigned To Fourth Bench

Following Justice Mridul's transfer to the Manipur High Court, the case was reassigned to Justices…

11 mins ago

Kingdon Capital Owner Allegedly Uses Kotak for Adani Short Sell; Wife Probed For Alleged Chinese Spy Links, Was Hindenburg ‘Revenge’ For Haifa Port Deal?

The unfolding saga surrounding Kingdon Capital's financial strategies and Adani Group's defenses against allegations highlight…

40 mins ago

Rohit Sharma And Virat Kohli’s Emotive T20 World Cup 2024 Victory Parade Moment Goes Viral

The city of Mumbai came alive with fervor and enthusiasm, celebrating the historic T20 World…

1 hour ago

T20 World Cup Victory Parade: Team India Returns Home in Triumph

Fans, eager to celebrate India's first ICC T20 World Cup title, thronged the route, creating…

2 hours ago

PM Modi Stresses Unity And Cooperation At SCO Summit

As more countries seek association with the SCO as Observers or Dialogue Partners, we must…

3 hours ago