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Share Market Highlights 12 March 2024: Sensex gains 165 pts, Nifty ends flat, realty sheds over 3%

Share Market Highlights 12 March 2024: Sensex gains 165 pts, Nifty ends flat, realty sheds over 3%
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Gainers and Losers: 10 stocks that moved the most on December 6

The Sensex and the Nifty rose to new highs on December 6, extending the record run to a third day. Most sectors ended in the green with capital goods, FMCG, information technology, oil & gas and power gaining up to 2 percent

Siemens, Switch Mobility sign MoU for EV charging solutions

Siemens has signed a Memorandum of Understanding (MOU) with Switch Mobility Automotive Limited to jointly work in the electric commercial vehicle segment in India.Under the MoU, Switch Mobility, which is owned by the Hinduja Group and an arm of Ashok Leyland, will bring in its electric commercial vehicles into India, while Siemens would provide the charging infrastructure technology and charging infrastructure management software solution to enhance the energy-efficient operations of the chargers.

Siemens ties up with Hinduja Group for electric vehicle charging infra

Siemens Limited and the Hinduja group s Switch Mobility Automotive Limited have signed a Memorandum of Understanding (MoU) to play in the electric commercial vehicles segment. Siemens also said Siemens Financial Services (SFS), the financing arm of Siemens AG, would consider a minority investment in OHM Global Mobility Private Limited, another Hinduja group company. While Switch Mobility would bring in its electric commercial vehicles into India, Siemens would provide the charging infrastructure technology and charging infrastructure management software solution to enhance the energy-efficient operations of the chargers, Siemens said. According to Siemens, it would also collaborate with Switch Mobility on new business models such as eMobility-as-a-Service (eMaas), integrated depot energy management, Vehicle-to-Grid (V2G) as well as on-site/off-site renewable energy sources by leveraging batteries from commercial vehicles.

Siemens ties up with Hinduja Group for EV charging infra

Siemens ties up with Hinduja Group for EV charging infra ​ By IANS | ​ 4 Views   With government committed to bringing the electric vehicle (EV) revolution to India in the next few years, the industry expectations from the Union Budget 2019-20 run high. . Image Source: IANS News Chennai, April 9 : Siemens Limited and the Hinduja group s Switch Mobility Automotive Limited have signed a Memorandum of Understanding (MoU) to play in the electric commercial vehicles segment. Siemens also said Siemens Financial Services (SFS), the financing arm of Siemens AG, would consider a minority investment in OHM Global Mobility Private Limited, another Hinduja group company. While Switch Mobility would bring in its electric commercial vehicles into India, Siemens would provide the charging infrastructure technology and charging infrastructure management software solution to enhance the energy-efficient operations of the chargers, Siemens said.

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