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    Electric 3W / Rickshaw Sales Feb 2024 – Mahindra, YC, Saera, Dilli, Piaggio, Bajaj

    Image for illustrationIn February 2024, the electric 3W retail sales has posted a double digit YoY growth while MoM sales dipped marginallyFollowing our two earlier sales reports wherein we analyzed electric car and electric two wheeler retail sales for the month of February 2024, we now take a look at three wheeler sales also in the electric category. The electric three wheeler segment is divided into various categories and sales figures included sales of vehicles like three-wheeler (goods), three-wheeler (passenger), three-wheeler (personal), e-rickshaws, and e-rickshaws (carts). Sustained demand across the passenger category while last-mile operators for e-commerce businesses, food deliveries and other similar applications has shown off a good sales trajectory.Electric 3W Sales In February 2024Electric 3W sales last month stood at 50,585 units, a YoY growth of 40.10 percent over 36,106 units sold in February 2023. It was however, a decline by 5.09 percent on a MoM basis as compared to 53,298 units sold in January 2024. Sales in this segment were also lower when compared to 57,511 units sold in December 2023 indicating that the past three months have been unfavorable where electric 3Ws are concerned.Electric 3W / Rickshaw Sales Feb 2024 vs Feb 2023 – YoY ComparisonMahindra Group led the segment with 5,010 unit sales last month, a 33.03 percent YoY growth over 3,766 units sold in February 2023. MoM sales also improved by 7.01 percent from 4,682 units sold in January 2024. Most sales were amassed by Mahindra Last mile Mobility with 4,707 units sold last month while Mahindra Limited sales stood at 291 units and Mahindra Reva at 12 units.At No. 2 was YC Electric with 3,356 unit retail sales last month posting a 28.09 percent YoY growth from 2,620 units sold in February 2023. MoM sales dipped marginally by 0.56 percent from 3,375 units sold in January 2024. The company’s electric 3W portfolio currently includes Yatri Super, Yatri Deluxe and Yatri in the passenger segment while its commercial lineup includes the E-Loader and Yatri Cart.Electric 3W / Rickshaw Sales Feb 2024 vs Jan 2024 – MoM ComparisonSaera Electric sales grew to 2,090 units, up 12.61 percent YoY from 1,856 units sold in February 2023 while MoM sales suffered a setback of 11.40 percent when compared to 2,359 units sold in January 2024. Dilli Electric and Piaggio sold an equal number of electric 3 wheelers last month at 1,990 units. However, Piaggio posted an even greater MoM decline and hence lost its No. 4 position held in January 2024 to Dilli.Ranked at No. 4 on this list was Dilli Electric with 1,990 units sold last month, a 27.24 percent YoY growth from 1,564 units sold in February 2024 while MoM sales fell albeit marginally by 0.85 percent from 2,007 units sold in January 2024. Piaggio sales of its electric 3W models Ape E-City FX Max passenger carrier and Ape E-Xtra FX Max cargo carrier posted lower MoM but it was a significant YoY growth of 87.56 percent when compared to 1,061 units sold in February 2023. It was followed by Bajaj Auto with 1,379 unit sales last month, a 12.67 percent MoM decline from 1,579 units sold in January 2024. Electric 3W OEMs with Double Digit YoY GrowthLower down the sales list were a host of OEMs that have posted double digit YoY growth though most of them have experienced lower MoM sales. Mini Metro sales grew to 1,154 units last month, a YoY and MoM growth of 22.51 percent and 3.50 percent respectively. Unique International recorded retail sales at 1,028 units with a 24.61 percent YoY growth but 7.72 percent MoM de-growth.The list also included Hotage  EV (996 units), Energy Electric (919 units), Champion PolyPlast (910 units), JS Auto (903 units) and Alfine Industries (867 units). Other OEMs who manufacture electric 3 wheelers added 27,993 units to total sales last month, a YoY growth of 44.01 percent from 19,438 units sold in February 2023 while MoM sales dipped 6.87 percent over 30,059 units sold in January 2024. More

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    2024 Tata Tiago EV Brings New Features – MG Comet EV Rival

    2024 Tata Tiago EV LaunchedAs opposed to pre-update model, 2024 Tata Tiago EV brings added features unlocking more safety and convenience, enhancing user experienceThe prospect of growing Indian auto sector is very tempting for car manufacturers to cater to. There is a growing interest in electric mobility sector as well, drawing Indian buyers. Tata Motors currently leads the electric car industry with almost 70% market share. The company’s most affordable EV, Tiago EV, has been updated for MY2024.2024 Tata Tiago EV Brings New FeaturesFor the year 2024, Tata Motors is updating its most affordable electric car in India. The update is very small and doesn’t drastically change the prospect of Tiago EV when compared to pre-update vehicles. However, this update brings a few conveniences and uplift in-cabin functionality.2024 Tata Tiago EV Added FeaturesThe best part about this update is that there doesn’t seem to be a price increment associated with it. A practice that we don’t get to see in Indian automotive sector very often. Apart from the functional and experience enhancing feature additions, there is one design change with 2024 Tata Tiago EV.Which is the new flat 2D Tata logo. We saw this flatter and more minimal 2D Tata logo on company’s newer launches like Punch EV. Instead of Tata’s usual chrome 3D logo, this is a 2D flat logo finished in white. This change is not immediately evident. But keener eyes will spot it easily.New Flat Logo On 2024 Tata Tiago EVOther changes are on the inside and with top-spec variants only. These include the addition of an auto-dimming IRVM, which is a major convenience factor. This adds to the overall safety quotient too, as this ORVM dims dazzling headlights from the rear automatically, which would otherwise distract the driver.Another feature addition on the inside is a fast 45W charger for smartphones. With the increase in technology, smartphone’s charging speeds have increased dramatically, rated at over 100W+. Even the flagship phones have been jumping to faster charging speeds and 45W straight out of the car’s socket is appreciated.New Flat Logo On 2024 Tata Tiago EVPowertrains remain the sameOther than these feature additions, there are no other significant differences. Trim levels continue as they used to be – XE, XT, XZ+ and XZ+ Tech Lux. Primary rivals include MG Comet EV and Citroen eC3 and Tata’s own Punch EV. Top-spec variants get features like cooled glovebox, an 8-inch touchscreen infotainment screen with Android Auto and Apple CarPlay, projector headlights, fog lights, rear washer and wiper, rear defogger, auto climate control, driving modes, 4 Star crash safety rating and many more.Powertrain options are offered in two bundles – 19.2 kWh battery, 60 bhp and 110 Nm motor, 250 km range or a 24 kWh battery, 74 bhp and 114 Nm motor, 315 km range. The latter can be had with a fast charger option bundled with a 7.2 kW AC charger.2024 Tata Tiago EV More

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    MG4 and MG5 Electric Cars Showcased In India – Launch Soon?

    New MG5 Electric Showcased In IndiaPost their JV, JSW and MG Motor have chalked out aggressive plans for the Indian market in new energy vehicles (NEVs) segmentTo highlight their automotive prowess and provide a glimpse of upcoming vehicles, JSW MG Motor India Pvt Ltd. recently held a mega event in Mumbai. Among the EV models showcased were the MG4 hatch and the MG5 electric estate car. These are already available across international markets. MG4 and MG5 could be launched in India in the near future.MG4 electric hatch – Key features, specsMG Motor’s first fully electric hatch, the MG4 derives inspiration from the DNA of a sports car. At 4,287 mm long and 1,836 mm wide, MG4 is dimensionally comparable to the MG ZS EV. With its sporty, aerodynamic design, the MG4 has a strong road presence.New MG4 Electric Showcased In IndiaSome of the key highlights include sleek, sweptback headlamps, boomerang-styled fog lamp housings, slatted lower grille and a curvy, chiselled bonnet. Side profile is distinguishable with sporty alloy wheels, door cladding, blacked-out B and C pillars and body-coloured door handles. At the rear, MG4 has arrow-shaped wraparound tail lamps and a full-width LED light bar.Across international markets, a total of four trims of MG4 are on offer. The top-spec MG4 EV Trophy Extended Range is equipped with a 77-kWh battery pack. This variant generates 245 PS of max power and 350 Nm of peak torque. Accelerating from 0 to 100 km/h takes approximately 6.1 seconds.New MG4 Electric Showcased In IndiaCharging time varies based on the type of charger. With a standard 7kW fast charger, MG4 can achieve 10% to 100% in 10.3 hours. With a 150-kW public fast charger, 10% to 80% can be achieved in just 39 minutes. As per WLTP cycle, MG4 top-spec variant has a range of 323 miles (approx. 520 km). Take a look at the detailed gallery below.MG5 electric estate car – Key features, specsMG5 has a laidback profile, with signature features associated with a typical, old-school estate car. It is apparent that MG5 focuses on family-oriented aesthetics. Some of the key highlights include trapezoidal headlamps, triangular fog lamp housings, slatted lower grille and a classic bonnet design. Side profile is distinguishable with its slightly sloping roofline, functional roof rails and large alloy wheels. Tail lamps follow the design of the front headlamps and come with arrow-styled LED lighting.New MG5 Electric Showcased In IndiaDimensionally, MG5 is 4,600 mm long, 1,818 mm wide and 1,543 mm tall. It is comparable to upcoming electric versions of Mahindra XUV700 and Tata Harrier. Globally, there are two trims – MG5 EV SE Long Range and MG5 EV Trophy Long Range. Both share the same hardware such as a 61.1 kW battery pack.New MG5 Electric Showcased In IndiaPerformance numbers are 156 PS and 280 Nm. With a 150-kWh public rapid charger, 10% to 80% can be achieved in 35 minutes. The difference between the two variants is in the range. The SE Long Range delivers 250 miles (approx. 402 km), whereas the Trophy Long Range travels 235 miles (approx. 378 km).Both MG4 and MG5 have luxurious interiors and come with a comprehensive range of hi-tech features. While both have ADAS, MG4 gets a higher number of features in comparison to MG5. Users can access a variety of remote functions and connectivity features via the MG iSmart app, available for both MG4 and MG5. More

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    Citroen eC3 Scores 0 Safety Rating In Global NCAP – Bodyshell Stable (Stellantis Statement)

    Citroen eC3 crash test – Global NCAPCitroen C3 Electric Receives Disappointing Crash Test Results in IndiaIn a recent crash test conducted by Global NCAP, the safety rating for the Citroen C3 electric, also known as eC3, has been revealed, stirring concerns about its safety features. Launched in India in February 2023, the Citroen C3 electric garnered attention for its eco-friendly design and innovative features. However, the crash test results paint a different picture, highlighting significant safety shortcomings.Citroen C3 Electric Crash Test ResultsAccording to Global NCAP, the Citroen eC3 scored a dismal 0-star safety rating for adult passengers and a mere 1-star safety rating for child passengers. Despite being equipped with dual front airbags, seat belt reminders, and belt load limiters, the model lacked crucial safety features, contributing to its poor performance in the crash tests.Citroen eC3 crash test – Global NCAPGlobal NCAP noted that while the body shell integrity during frontal impacts remained stable, the absence of features like Electronic Stability Control (ESC), Advanced Driver Assistance Systems (ADAS), ISOFIX, Side Airbags, and Knee Airbags undermined the overall safety rating. Additionally, the lack of side head protection made side pole impact testing impossible.In their assessment of adult safety, Global NCAP highlighted various deficiencies. Although the protection offered to the driver’s and passenger’s head and neck during frontal impacts was commendable, weak chest protection for the driver and poor chest protection for the passenger limited the rating to one star. Moreover, inadequate knee protection for the driver and unstable footwell areas further compromised safety.[embedded content]For child safety, Global NCAP observed that while the child seat for a 3-year-old installed forward-facing failed to prevent excessive forward exposure and head contact, side impact protection was satisfactory. However, concerns arose regarding the absence of three-point seat belts in all seating positions and insufficient Isofix positions as standard features.Consumer Awareness and Safety PrioritizationCommenting on the results, Global NCAP emphasized the importance of comprehensive safety measures in vehicles, especially in emerging markets like India. They urged manufacturers to prioritize safety features to protect both adult occupants and children in the event of a crash.Alejandro Furas, Global NCAP Secretary General said, “This is an appalling result from Stellantis. PSA was once a leader in safety, but now, as part of the Stellantis group, the manufacturer appears to have taken a major backward step. We hope that this apparent negative trend is corrected globally as a matter of urgency.”David Ward, Executive President of the Towards Zero Foundation said, “This result from Sellantis is of serious concern, not only for consumers in the Indian market but also for those in emerging economies around the world.”Manufacturer’s Response and Future ConsiderationsResponding to the crash test result, Stellantis has shared the following statement – “Stellantis confirms its vehicles comply with all current local market regulations and its commitment to safety with six airbags and additional safety features as standard across products in India during the second half of the year.” More

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    BMW iX xDrive50 Launched In India For Rs. 1.4 Cr – 635 Km Range!

    BMW iX xDrive50 LaunchedThe recently launched BMW iX xDrive50 rivals Mercedes-Benz EQE SUV, Audi e-tron, Audi Q8 e-tron, Jaguar i-Pace and the likesAfter launching iX1 (electrified X1 SUV) in the Asian subcontinent, BMW launched iX xDrive50 in India. More performance-oriented iX xDrive50 is positioned above xDrive40 variant of iX already on sale in India. iX xDrive50 has climbed the price ladder to be the most expensive BMW SUV/crossover in India.BMW iX xDrive50 Launched In IndiaSpeaking of price, BMW is quoting Rs. 1.4 Cr (ex-sh) for the higher-spec iX xDrive50 brought via CBU route. Colour options include Mineral White, Phytonic Blue, Black Sapphire, Aventurine Red, and Oxide Grey. BMW Individual Storm Bay Metallic is available too, as an option. Vegan Leather upholstery is in either Oyster or Mocha colour schemes.BMW iX xDrive50 ProfileIf you crave real leather upholstery, ‘Interior Design Suite’ is optional. The new BMW kidney grille with the powerful design language continues from xDrive40 variant. Not a bad thing at all, considering BMW iX is a visual treat flaunting frameless windows, 22-inch alloys, 3D bonnet, rectangular wheel arches, one-piece LED tail lights and flared shoulder area grab eyeballs.Matrix LED headlights on iX are the narrowest on any BMW and buyers can choose optional BMW Laserlight. The large dimensions translate into a lounge-like spacious interior. The majestic dashboard proudly holds a single-piece curved screen for infotainment and instrumentation.BMW iX xDrive50 DashboardHexagonal steering wheel, BMW Sky Lounge Panorama Glass Roof with electrochromic function, massaging seats with leather upholstery, ambient lighting, active seat ventilation and seat heating are note-worthy features. BMW iX xDrive50 is not just about the flash value. The practical 40:20:40 split seats with a massive 1,750L boot are commendable.Extra oomph!The curved single-piece glass on the dashboard holds a 14.9-inch infotainment screen and a 12.3-inch digital instrument screen running BMW iDrive OS 8.5. A head-up display, BMW Maps with augmented reality, a virtual assistant, gesture control, wireless charging and smartphone connectivity, an 18-speaker Harman Kardon system, and ADAS suite in the form of BMW Driving Assistant and BMW Driving Assistant Professional are notable features.The main draw for BMW iX xDrive50 over xDrive40 is the added performance. Fifth Gen BMW eDrive Technology boasts a single powertrain unit powered by two electric motors and a single-speed transmission. Claiming best-in-class performance, xDrive50 packs 523 bhp and 765 Nm, capable of sprinting to 100 km/h in 4.6 seconds.BMW iX xDrive50 SpecsBMW’s famed Adaptive 2-axle air suspension makes a world of difference in occupant comfort. Battery is a rather sizeable 111.5 kWh unit and promises 635 km of range on a single charge, as per WLTP cycle. Owing to its large battery, BMW is offering up to 22 kW AC charging and 195 kW of DC fast charging.Statement from BMW IndiaMr. Vikram Pawah, President, BMW Group India said, “The BMW iX is the highest selling electric luxury vehicle in India and significantly drives BMW Group India’s number one position in the luxury electric segment. Now, with the introduction of the new BMW iX xDrive50, the car will not only impress, but also take your drive to new electric heights.BMW iX xDrive50With its best-in-class range, comfort-oriented features and fast charging capabilities, the new BMW iX xDrive50 is ideal for both city driving and long distances. With an intelligent kidney grille and expansive size, this all-electric SAV exudes daring, innovative style from the inside out. It surely sets new standards for style and sustainability. We will continue to boost the ramp-up of electric mobility by carefully expanding our range with well-thought-out and innovative products.” More

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    MG Comet EV Cabriolet Concept Debuts – Daintily Charming

    MG Comet EV Cabriolet ConceptApart from the missing roof, a new colour shade and refreshed interior theme, MG Comet EV Cabriolet is largely the same as the standard modelWith the JV between JSW and MG Motor, the new entity, JSW MG Motor India Pvt Ltd., is working on a major product onslaught. The focus will be on new energy vehicles including electric and hybrid cars. At the recent Mumbai event, MG Motor showcased multiple models such as the MG Cyberster, MG3 and MG4.MG Comet EV Cabriolet Concept – Design and stylingAnother model that got everyone’s attention at the event was the MG Comet EV Cabriolet Concept. Excluding the windshield and supporting structures, the top section has been completely removed. The Comet EV cabriolet concept gets a new dark green colour shade. It feels a bit tacky, even more so with the dark green highlights on the front bumper and wheels.MG Comet EV Cabriolet ConceptMoreover, the chrome highlights don’t seem to complement the dark green exterior shade. But overall look and feel can be justified, considering that it’s a concept and designed to be an attention seeker. If this makes it to production stage, may be as a special edition or limited edition, most users will probably choose the colour options available with the standard model.Most other features are the same as the standard Comet EV. Some of the key highlights include an extended full-width LED light bar, illuminated MG logo, polygonal headlamps, aero wheel covers and a red LED bar on the tailgate.MG Comet EV Cabriolet ConceptMG Comet EV Cabriolet Concept – InteriorsAlthough the hardware is largely the same as the standard Comet EV, a new interior theme with red accents has been used with the cabriolet concept. The red highlights can be prominently seen on the doors and dashboard. The upholstery is also new. The cabriolet concept works to highlight the spacious interiors of Comet EV. Folks who may be a bit skeptical about a 2-door EV can probably get a more realistic view about the usability of Comet EV.MG Comet EV Cabriolet ConceptMost of the features of the cabriolet concept are the same as the standard Comet EV. It includes dual 10.25-inch screens for the infotainment system and instrument cluster. There’s support for more than 100 voice commands and 55+ connected car features.Other features include wireless Android Auto and Apple CarPlay and smart storage spaces. Safety kit includes features like dual front airbags, ABS + EBD, electronic stability control (ESC), and hill hold control. There’s an electronic parking brake, reverse parking camera and sensors and tyre pressure monitoring system.MG Comet EV goes topless ? pic.twitter.com/kT9uM585SN— RushLane (@rushlane) March 21, 2024MG Comet is 2,974 mm long, 1,505 mm wide, 1,640 mm tall and has a wheelbase of 2,010 mm. It is equipped with a 17.3 kWh battery that supplies power to a permanent magnet synchronous motor. Certified range is 230 km. With a 3.3 kW charger, 0 to 100% charge can be achieved in 7 hours. Charging time can be reduced to 3.5 hours with a 7.4 kW charger. More

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    MG Cyberster Debuts In India – Electric Sports Car With Scissor Doors

    MG Cyberster Debuts In IndiaExpected to be offered at a relatively affordable price tag, MG Cyberster can witness significant demand when launched in IndiaCombining MG’s legendary credentials and JSW’s local manufacturing expertise at a scale, the JSW MG Motor India Pvt Ltd joint venture is poised to usher in a new era of MG vehicles in India. The 1 lakh annual capacity at MG’s Halol plant in Gujarat is set to be increased to 3 lakh units annual capacity. Sajjan Jindal revealed on the stage that the partnership will bring one vehicle every three to four months starting from September 2024!MG Motor is planning to expand its India portfolio in a big way. Recent partnership with JSW gives the company more confidence and resources to expand its footprint. One of the upcoming products is MG Cyberster electric sports car, which has now been showcased at company’s event in Mumbai.MG Cyberster ProfileMG Cyberster – Gorgeous profileSports cars are synonymous with style and elegance, something that MG Cyberster integrates quite easily. The company has a rich sporting lineage, dating back to 1924. The same is reflected in the sleek, classic design of MG Cyberster. Some key highlights include an aerodynamic front fascia with prominent air intakes, sweptback headlamps and chiselled bonnet.Side profile is distinguishable with its sporty petal-shaped alloy wheels, side skirts, scissor doors, fabric soft top and smooth body panelling. At the rear, MG Cyberster gets a full-width rectangular light bar, arrow-shaped tail lights and a muscular split diffuser. Users can expect a luxurious experience with soft-touch materials all across and leather-wrapped components.MG Cyberster Stylish Scissor DoorsThe cockpit area seems to derive inspiration from modern gaming aesthetics. Some of the key highlights include an integrated infotainment and instrument screen, leather-wrapped flat bottom steering wheel, steering-mounted controls and physical buttons for the drive selector, soft-top operation and HVAC controls. The prominent centre console neatly separates the driver and front passenger sections.MG Cyberster – Specs, performanceBeing MG’s first electric sports car, the focus has been on delivering an exhilarating experience. MG Cyberster was first showcased as a concept in 2021 and later it was unveiled at the 2023 Goodwood Festival of Speed. At 4,533 mm long, 1,912 mm wide and 1,328 mm tall, the MG Cyberster has a dynamic road presence. It has a wheelbase of 2,689 mm and is underpinned by a born-electric platform.MG Cyberster RearIt is expected that MG Cyberster will be offered in two variants. The entry-level model will have a single-motor RWD setup. It will be equipped with a 64-kWh battery pack, with a range of 520 km. Power output will be 308 hp. The single motor variant of MG Cyberster weighs 1,850 kg.The top-spec AWD variant of MG Cyberster has a dual motor setup, one for each axle. It is equipped with a larger 77 kWh battery pack and weighs 1,985 kg. Performance numbers are 535 hp of max power and 725 Nm of peak torque. As per CLTC cycle, the certified range is 580 km. MG Cyberster can achieve 0 to 100 km/H in just 3.2 seconds. In comparison, the Tesla Model Y Performance version takes 3.5 seconds.MG Cyberster InteriorsMG Cyberster – India launch, pricingIt is expected that MG Cyberster will make its international debut around mid-2024. Official launch could take some time, as the company is looking at possibilities of creating a new flagship brand. Something along the lines of what Toyota has achieved with the Lexus brand.Or even a strategy similar to Maruti’s premium Nexa showrooms can be considered. Talking about pricing, MG Cyberster is expected to be offered at a starting price of approximately £50,000 (~ Rs 53 lakh). MG Cyberster could benefit from the government’s new EV policy. More

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    BluSmart, Citroen Drive Electric Mobility: 125 eC3 (EVs), Eyes Set On 4000

    Shishir Mishra, Brand Director, Citroën India and Anmol Jaggi, Co-founder & CEO, BluSmart signing the MoUCitroen and BluSmart’s Electric Mobility PactCitroen and BluSmart Mobility‘s collaborative efforts extend beyond mere deployment of electric vehicles. They’re on an approach path that’s swiftly getting popular. The end goal is to cater to sustainable urban mobility, addressing infrastructure gaps and consumer concerns alike. Integrating innovative technology and community sentiment, they aim to carve their space in the urban transportation space, one electric ride at a time.This partnership represents a strategic alliance between two industry renowned names. While driving forward a vision of a cleaner, greener future for urban commuters, the move contributes to larger environmental and societal goals.Driving Electric Mobility: BluSmart, Citroen flag off 125 eC3 (EVs), 4000 on the HorizonTo set the ball rolling, the first 125 units of the Citroen eC3 (EVs) were flagged off at BluSmart’s EV charging superhub, Bangalore. This inaugural event marked the official commencement of the partnership’s electric mobility initiative. It sets the stage for future deployments. A number that stands tall at 4000 eC3 EVs.Citroen and BluSmart Mobility will move ahead on ambitious plans for expansion. And would aim to roll out their electric mobility solutions to other cities across India. This expansion will not only benefit urban commuters. As per popular dialogue, the EVs will contribute to reducing carbon emissions, while also alleviating commuter options.Driving Change With Electric Urban TransportThe move ahead is focused on building a comprehensive electric mobility ecosystem. This includes everything from charging infrastructure to user-friendly mobile apps. End-to-end solutions will make electric mobility more accessible and convenient.As they continue to expand their fleet and infrastructure, Citroen and BluSmart Mobility will remain dedicated to driving positive change in the urban transportation landscape. With their combined expertise and resources, the journey is onward and upward. Currently, BluSmart operates over 7,000 EVs, and owns and operates 4,400 EV chargers.Investment Through Assure by BluSmartShishir Mishra, Brand Director, Citroen India, said, “The eC3’s smart design, operational range, fast charging capabilities, and intuitive technology, are both comfortable and practical, making it an attractive proposition for passengers and fleet operators.”Anmol Jaggi, Co-founder & CEO, BluSmart said, “The onboarding of these EVs was facilitated through Assure by BluSmart, a unique opportunity for retail and institutional investors with access to capital to help finance the transition to eMobility. Through Assure, institutions can finance the purchase of EVs and lease them to BluSmart against fixed rentals.” More