STARTUPS

eBikeGo plans 50 bicycle retail stores with INR 35 crore investment

eBikeGo, previously operated as an electric two-wheeler rental company has pivoted to retail.

EBG Group's eBikeGo plans to open 50 integrated bicycle stores across India over the next 12 months, investing more than INR 35 crore, with pilot launches in Coimbatore, Hyderabad and Bengaluru. The stores will combine bicycle and electric bicycle sales, rentals, servicing, spare parts and fleet mobility under one format. The company said the rollout will create more than 300 direct jobs and between 500 and 700 indirect roles. Founder and chairman Dr Irfan Khan said perceptions of electric bicycles in India are shifting beyond fitness and leisure use. No stores have opened yet.

Nhava Sheva now runs 150 electric trucks as port targets full energy transition by 2027

A second heavy-duty swapping station has opened at Jawaharlal Nehru Port, where about 150 electric trucks already operate. The company did not disclose investment in the planned EV Megaplex.

Shivtek Spechemi to add 14,000 tonnes of chlorinated paraffins capacity at Kurnool

Specialty chemicals maker Shivtek Spechemi Industries will invest INR 15 crore adding 14,000 tonnes of chlorinated paraffins capacity at its Kurnool plant in Andhra Pradesh

Indian manufacturing on track for USD 2.7 trillion by 2047

A report based on research across more than 130 manufacturers finds India will fall well short of its 2047 manufacturing goal, with workforce productivity the biggest available lever.

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