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Movin Express to tap into Indian automotive logistics market with electric fleet
The B2B logistics firm plans to add 25 more electric vehicles to the fleet in the near future, and expand the programme to other cities.
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Buy Now!The B2B logistics firm plans to add 25 more electric vehicles to the fleet in the near future, and expand the programme to other cities.
Global trade in counterfeit Mercedes-Benz products continues to grow, especially online. In 2022, the number of removed online offers of counterfeit listings rose by over 23% to 155,000 cases, and more than 1.6 million counterfeit products were seized.
The commercial agreement was signed on Wednesday morning in National Capital Region.
The company won new orders worth Rs 440 crore in FY23, which is expected to increase to Rs 1260 crore in FY24.
It is also considering India as a potential export hub for its new products, which include electrically heated catalysts and closed coupled compact catalysts.
The company claims to have received orders for 500,000 transmission-shift towers from two Japanese and an Indian passenger vehicle OEM, with supplies slated to commence from Q1 FY2025.