CMV360 Weekly Wrap-Up | 8th Feb – 14th Feb 2025: PMI Electro Mobility’s ₹250 Cr Funding, VECV’s Bhopal Facility, Mahle’s Hydrogen Project, EV App Launches, Tractor Sales Growth, Agri Reforms, and More

Welcome to this week’s CMV360 Weekly Wrap-Up, your go-to guide for the latest in India’s mobility, commercial vehicle, and agriculture sectors. This edition covers PMI Electro Mobility’s ₹250 crore investment for electric buses, VECV’s new facility launch, Mahle Powertrain’s hydrogen project, and Jupiter Electric Mobility’s EV app launch.

Stay updated on the latest government-backed agricultural reforms, domestic tractor sales trends, and key industry partnerships driving innovation and sustainability across India’s transportation and farming sectors.

PMI Electro Mobility Secures ₹250 Crore Investment from Investment Consortium

PMI Electro Mobility raised ₹250 crore from investors led by Authum and Gruhas to expand its electric bus operations in India’s growing EV market. The company operates 2,000 buses across 31 cities and plans to grow its fleet to 5,000 in two years. CEO Dr. Aanchal Jain says the funding will boost green mobility efforts. This follows 2023 funding from Piramal Alternative Funds. Government support through the FAME India Scheme is accelerating electric bus adoption across Indian cities.

VECV Opens New Facility for Eicher Pro X Trucks in Bhopal

VECV inaugurated a new factory in Bhopal for Eicher Pro X trucks, featuring an all-women final assembly line. The trucks, designed for last-mile delivery with high loading capacity and energy efficiency, began deliveries on February 13. Volvo Group CEO Martin Lundstedt and Eicher Motors Chairman Siddhartha Lal attended the launch. VECV aims to support modern logistics and sustainable delivery solutions. The move reflects India’s growing commercial vehicle market, driven by rising e-commerce demand and shifting environmental regulations.

Mahle Powertrain Begins Testing Project Cavendish to Boost Hydrogen in Heavy Trucks

Mahle Powertrain's Project Cavendish, backed by £9.8 million UK government funding, aims to enhance hydrogen use in heavy-duty truck engines. Testing is underway at Mahle’s upgraded Northampton facility, which ensures a steady hydrogen supply and high-power testing. Mahle’s Head of Research says hydrogen engines suit long-distance trucking. The UK pledged over £8 billion to support hydrogen and carbon capture technologies. This project aligns with the EU’s stricter CO2 standards, aiming to accelerate the shift to hydrogen-powered commercial transport solutions.

Jupiter Electric Mobility Launches JEM Saathi App for EV Users in India

Jupiter Electric Mobility (JEM) launched the JEM Saathi app to enhance EV support in India. The app, in partnership with Pulse Energy, provides access to over 1,300 fast chargers, helping users locate stations and check availability. Collaborations with Automovill and Battwheels offer over 140 service stations for better vehicle maintenance. JEM aims to improve customer convenience and expand its electric light commercial vehicle (eLCV) business. The app supports sustainable transportation and simplifies EV ownership for businesses and operators.

PM Modi Highlights Need for More Batteries Production to Support EV Market

Prime Minister Narendra Modi stressed the need to boost battery production to support India’s growing electric vehicle (EV) market, which saw a 27% sales rise in 2024. India currently imports batteries from China, Japan, and South Korea. To reduce import reliance, the government is cutting taxes on battery components and promoting local manufacturing. Major companies like Ola Electric and Tata Group are setting up battery plants, supporting India’s goal of expanding EV adoption and creating jobs.

Mahindra Logistics Partners with Asian Paints for Better Transport Solutions

Mahindra Logistics has partnered with Asian Paints to enhance supply chain efficiency using its Pro-Trucking service. This service includes fuel-efficient BS6 vehicles, ADAS, 360-degree monitoring, and digital locks for improved security. It will focus on short-distance operations, ensuring better supply chain visibility. The partnership also offers real-time tracking, route management, and carbon emission monitoring through the eDeL-EAR platform. This collaboration builds on a previous warehousing agreement and reflects India’s growing focus on tech-driven logistics.

Ashish Tandon Joins Euler Motors as Global Head of Customer Excellence

Ashish Tandon has been appointed Global Head of Customer Excellence at Euler Motors to enhance customer experience and support EV ecosystem development. With over 25 years of experience at Tata Motors, TAFE, and Mahindra & Mahindra, Tandon will lead efforts to create a seamless customer journey. CEO Saurav Kumar highlighted this appointment’s role in driving EV adoption. Known for its Storm EV and HiLoad EV models, Euler Motors continues to innovate in the electric commercial vehicle sector.

Domestic Tractor Sales Report January 2025: 11.31% Growth, 61,875 Units Sold

Domestic tractor sales in India grew 11.31% in January 2025, reaching 61,875 units. Mahindra & Mahindra led the market with 26,305 units, showing 14.51% growth. John Deere posted the highest growth at 18.01%, while New Holland saw a remarkable 38% increase. Escorts Kubota faced a 10.68% decline, selling 6,058 units. The market’s overall growth highlights increasing demand in the agricultural sector, though some brands faced challenges in maintaining market share amid fierce competition and evolving industry dynamics.

Krishi Darshan Expo 2025: Lakhs of Farmers to Gather in Hisar for a Three-Day Event

Krishi Darshan Expo 2025, held from February 15-17 at NRFMTTI, Hisar, will feature 350 exhibitors and over 1,15,000 farmers. Key attractions include Montra’s electric tractor launch, organic farming tips, and drone and solar demonstrations. Farmers will also receive guidance on loans, subsidies, and waste management. Haryana’s Chief Minister Naib Singh Saini will inaugurate the event. The expo promises valuable insights, networking, and innovations to enhance sustainable farming practices in India’s agricultural sector.

Good News for Farmers: Increased Seed Subsidy Under NFSM

The Indian government has updated the National Food Security and Nutrition Mission (NFSM) to support farmers and seed producers. Key changes include increased seed subsidies, support for traditional seed varieties, and seed processing at the Panchayat level. A new potato seed production method has been introduced, and all activities will be digitally monitored for transparency. These updates aim to boost seed quality, crop yields, and farm profitability, strengthening India’s food security system and farmer welfare.

PM Kisan 19th Installment to be Released on February 24: Farmers Should Register Now!

The 19th installment of the Pradhan Mantri Kisan Samman Nidhi (PM Kisan) Yojana will be released on February 24, 2025, benefiting 9.5 crore farmers across India. Eligible farmers will receive Rs 2,000 directly in their bank accounts. Prime Minister Modi will announce the installment from Bhagalpur, Bihar. Farmer ID registration is ongoing to ensure seamless fund transfers, with camps organized at Gram Panchayats for easy enrollment. This initiative aims to enhance farmer welfare and financial support.

Govt Revamps National Food Security Mission, Boosts Subsidies for Farmers

Union Minister Shivraj Singh Chauhan announced updates to the National Food Security and Nutrition Mission on February 11, 2025. The changes boost subsidies for seed production and distribution, promote traditional and native seed varieties, and approve Panchayat-level seed processing units. Digital monitoring through platforms like Krishi Mapper ensures transparency, while a focus on sustainable, climate-friendly farming practices is emphasized. These reforms aim to improve crop yields, enhance soil fertility, and support farmer profitability.

Government to Distribute Soil Health Cards: How to Apply and Benefits

The Haryana government has distributed 86.65 lakh Soil Health Cards under the "Har Khet-Swasth Khet" campaign to help farmers improve productivity. Soil testing labs—17 permanent and 54 small—were established, and a portal was launched in 2022 for easy soil sample submission. The cards analyze 12 key nutrients and physical parameters, offering fertilizer recommendations. Farmers can apply through District Agriculture Offices or online for better soil health and increased crop yields.

Also Read: CMV360 Weekly Wrap-Up | 2nd Feb – 7th Feb 2025: FlixBus India’s EV Expansion, FADA CV Sales Growth, Mahindra & Ashok Leyland Sales Reports, and More

CMV360 Says

That’s it for this week’s CMV360 Weekly Wrap-Up! India’s mobility, vehicle, and farming industries are growing with new changes like PMI’s funding, VECV’s new facility, and updates in farming policies. These changes show how the industries are moving towards a greener and smarter future. Stay tuned with CMV360 for more news and updates on what’s happening in transportation and farming across India!