Lords Automotive acquires 100% stake in Devam Electric Vehicles
The deal will boost Lords Automotive s technological capabilities to design and manufacture world class e-vehicles Lords Automotive will redesign the current e-rickshaw model of Devam Electric and relaunch it in October 2021. (Representative image) BusinessToday.In
Updated Aug 04, 2021, 2:24 PM IST
Lords Automotive Pvt Ltd has acquired a 100% stake in Ahmedabad-based Devam Electric Vehicles Pvt Ltd, manufacturers of e-rickshaws and e-autos, it said in a statement. Lords Automotive will take over the assets and patents of Devam Electric Vehicles with this deal.
The acquisition will enable Lords Automotive, a subsidiary of Lord s Mark Industries Pvt Ltd, to leverage advanced technological solutions to design and manufacture world-class e-vehicles. The company will also bolster its manufacturing capacities on a pan-India basis with access to a broader Original Equipment Manufacturers (OEMs) base.
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India unveils six technology innovation platforms for worldwide competitive manufacturing
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Govt Launches Six Tech Innovation Platforms To Develop Technologies For Globally Competitive Manufacturing In India
by Swarajya Staff - Jul 3, 2021 04:49 AM
Union Minister Prakash Javadekar inaugurated the tech innovation platforms. (Pic Via Twitter)
The government on Friday (2 July) launched six technology innovation platforms for development of technologies for globally competitive manufacturing in India.
The technology innovation platforms were virtually launched by Union Heavy Industries and Public Enterprises Minister Prakash Javadekar.
Javadekar said that said that these platforms will help in bringing all Indiaâs technical resources and the concerned Industry on to one platform to kick start and facilitate identification of technology problems faced by Indian Industry and crowd source solutions for the same.