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GIGABYTE Launches its AI-Enabled Ultrawide QD-OLED Gaming Monitor in India

India, 25th April 2024: Global leaders in the PC components and laptop market, GIGABYTE announces the launch of the new QD-OLED gaming monitor, the AORUS CO49DQ in India. Designed to meet the demands of modern gamers, the AORUS CO49DQ offers unparalleled immersion and performance that promises an exceptional gaming and multitasking experience. The AORUS CO49DQ features a 49-inch extra-wide curved QD-OLED display to provide gamers with an immersive viewing experience like never before. Starting at INR 129,000, the monitor will be available online and at authorized GIGABYTE dealerships across the country starting 31st April 2024.

The AORUS CO49DQ gaming monitor offers a 5120 x 1440p Dual Quad High Definition (DQHD) display at a 32:9 aspect ratio. AORUS CO49DQ Gaming monitor is a 10-bit display with 99% DCI-P3 color space, offering a richer variety of color graduations and greater accuracy. The ultrawide screen is not only designed for gaming but also productivity tasks like video editing, content creation, or multi-tasking, offering the equivalent screen space of two screens in 16:9 format and a screen size of 27 inches. The ultra-wide 1800R radius curved screen eliminates distracting screen edges and enhances immersion, while also providing better ergonomics for extended gaming sessions.

“India has always been an extremely important market for us. We are excited to introduce the AORUS CO49DQ QD-OLED monitor in India. We designed this monitor keeping in mind the needs of gamers, creators, and professionals who need large-screen real estate to work. With the increasing demand for AI and OLED technology, GIGABYTE is committed to meeting customers’ requirements by not only offering state-of-the-art technology but also with its robust support and service to enhance the customer experience with a 5120×1440 curved OLED monitor. This monitor offers expansive screen space, eliminating the need for multiple monitors, and provides an immersive gaming experience like never before. Gamers and editors alike will benefit from rich colors, high contrast, deep blacks, a wide viewing angle, low power consumption, and fast response times for action-packed scenes. Additionally, the OLED Care feature runs AI-based presets seamlessly in the background with minimal interference.” said Supriya Gawde Mankame, the Assistant General Manager at GIGABYTE India.

The AORUS CO49DQ 49-inch display supports a high 144Hz refresh rate, ultra-fast 0.03ms response time (GtG), and AMD FreeSync Premium Pro making it ideal for fast-paced games. In terms of color accuracy and quality, the monitor also shines with a 10-bit color depth, and a 1,000,000:1 contrast ratio and fulfills the requirements of the VESA DisplayHDR True Black 400 standard making it suitable not only for gaming but also for professional tasks like video and music editing, where color precision is critical.

Other features include the exclusive KVM switch for those who like to quickly switch between multiple devices while using the same keyboard and mouse. The feature works alongside the Picture-in-Picture (PiP) and Picture-By-Picture (PbP) modes. The monitor also features two HDMI 2.1 and a DisplayPort 1.4 port. The monitor is also equipped with two five-watt speakers each and a built-in power supply (72W AC power input) instead of an external brick to reduce excessive cable clutter. GIGABYTE also offers a 3-year warranty which covers potential panel burn-in for its entire lineup of QD-OLED gaming monitors which includes the AORUS CO49DQ model.

WSO2 Advances Developer Productivity with Latest API Management and Integration Offerings

Austin, TX – April 25, 2024 – Software developers face growing demands to deliver innovative new digital experiences faster, but those experiences are often based on a complex web of data, processes, services, and APIs that need to be woven together. WSO2 is helping developers streamline their efforts and increase productivity with the introduction of new capabilities for WSO2 API Manager, WSO2 API Platform for Kubernetes (WSO2 APK), and WSO2 Micro Integrator.

Today’s advances include:

•  A single, unified control plane manages both WSO2 API Manager and WSO2 APK data planes, bringing powerful API management to Kubernetes environments.
•  New artificial intelligence (AI) based WSO2 AI Developer Assistant in the WSO2 API Manager Control plane enhances search in the Developer Portal and adds natural language API testing.
•  GraphQL support in WSO2 APK delivers precise data access capabilities to APK APIs to enable more efficient data retrieval.
•  The new WSO2 Micro Integrator extension for Microsoft Visual Studio Code (VS Code) offers an intuitive graphical interface with an AI MI Copilot to simplify developing integrations with natural language prompts.

“In the push for faster innovation, software development teams have embraced compassable applications and microservices, but they also need greater ease and efficiency from their supporting API management and integration technologies,” said Christopher Davey, WSO2 vice president and general manager – API & integration software business unit. “With our new AI-based assistants, unified control plane for WSO2 API Manager and WSO2 APK, and WSO2 Micro Integrator for VS Code extension, we are enhancing these developers’ experiences by offering a more user-friendly, productive, and future-proof environment that aligns with their evolving needs.

Stronger, Streamlined API Management

WSO2 delivers two open-source software offerings to address the diverse API management requirements of organizations worldwide. WSO2 API Manager is WSO2’s comprehensive, industry-leading platform for full lifecycle API management, which executes more than 60 trillion transactions each year across the globe. WSO2 APK, which launched in September 2023, has been engineered from the ground up to leverage the inherent strengths of Kubernetes while optimizing API management practices and workflows. The latest product releases enable software development teams to leverage the strengths of WSO2 API Manager’s robust API management control plane features and WSO2 APK’s efficient, cloud-optimized data plane within a Kubernetes environment.

Unified Control Plane. The new WSO2 API Manager and WSO2 APK versions, generally available today, can be configured to enable both products’ data planes to be managed by the WSO2 API Manager Control plane. Now APIs running in WSO2 APK gateways can benefit from the established management capabilities in WSO2 API Manager’s user interface (UI) and Developer Portal/Marketplace. As a result:

•  Software developers get a streamlined development process with a container-native platform and strong API management.
•  API architects can design comprehensive API strategies using a unified platform.
•  API business owners can efficiently deploy large numbers of APIs in a scalable and cost-effective way.

WSO2 AI Developer Assistant. Through the control plane, users of WSO2 API Manager and WSO2 APK also gain access to the beta release of a new intelligent assistant that uses natural language-driven chat to enhance developer productivity. WSO2 AI Developer Assistant currently includes:

•  AI-based search for the Developer Portal: Developers can simply describe what they need to do and quickly receive recommendations on the most relevant APIs.
•  AI-based API testing: Developers can improve API testing speed, efficiency, and accuracy via automatically generated test samples, suggestions on efficient testing paths, and pointers to the most relevant API resources for testing a specific scenario.

GraphQL Support for WSO2 APK. The newest WSO2 APK release supports the GraphQL query language, so developers and API consumers can request specific data they need from their services. The results are simplified development, improved code maintainability, higher efficiency, and greater flexibility.

Easier Integration Development

WSO2 Micro Integrator is a comprehensive, open-source integration product that streamlines connectivity across applications, services, data, and the cloud using a low-code graphical designing experience while providing the flexibility to support both microservices and enterprise service bus (ESB) style deployments.

To provide a modern, intuitive, and efficient development environment for WSO2 Micro Integrator, WSO2 is introducing the WSO2 Micro Integrator for VS Code extension, which will be available as a developer preview on May 7, 2024, the first day of WSO2Con. Designed to enhance the workflow and experience of working on integration projects, it lets developers take advantage of the popular, user-friendly VS Code Editor and integrates seamlessly with cloud platforms for interaction with cloud services and APIs.

The extension also features MI Copilot for AI-assisted development. MI Copilot allows developers to describe their integration problem in natural language and have MI Copilot automatically generate the required configurations. This significantly reduces set-up time, streamlines development, and empowers developers to become productive faster.

Honeywell Technology Helping To Produce Sustainable Aviation Fuel With Lower Cost And Waste

Mumbai, INDIA, April 25, 2024 – Honeywell (Nasdaq: HON) today announced its hydrocracking technology can be used to produce sustainable aviation fuel (SAF) from biomass, helping to make sustainable aviation fuel (SAF) that is 90% less carbon intensive than traditional fossil-based jet fuels. The new technology produces 3-5% more SAF enables a cost reduction of up to 20% and reduces by-product waste streams as compared to other commonly used hydroprocessing technologies.

Honeywell’s Fischer-Tropsch (FT) UnicrackingTM technology takes liquids and waxes from processed biomass – including leftovers from crops, wood waste, or food scraps – and can be used to produce SAF that complies with the strict standards of the aviation industry and with lower environmental impact. This innovation demonstrates Honeywell’s alignment of its portfolio with three compelling megatrends, including the energy transition.

“As demand for SAF continues to grow, the aviation industry is challenged by limited supplies of traditional SAF feedstocks such as vegetable oils, animal fats, and waste oils,” said Ken West, president and CEO of Honeywell Energy and Sustainability Solutions. “When combined with the existing Fischer-Tropsch process, our new technology will expand the feedstock options available in the industry to sources that are more plentiful, ultimately helping improve our customers’ ability to produce SAF.”

Recently, DG Fuels selected Honeywell’s FT Unicracking technology for its biofuels manufacturing facility in Louisiana – the largest in the world for making SAF from the FT process – that will produce 13,000 barrels of SAF each day when it begins operations in 2028.

“Using Honeywell’s advanced technology, DG Fuels will supply enough fuel for more than 30,000 transatlantic flights every year, contributing significantly to reducing the carbon emissions of global air travel,” said Michael Darcy, CEO of DG Fuels. “This is a big leap forward in supporting the airline industry’s goal of reaching net zero carbon emissions from international aviation by 2050.”

Honeywell helped pioneer SAF production with its EcofiningTM process, which has been used to produce the fuel commercially since 2016. The company now offers solutions across a range of feedstocks to meet the rapidly growing demand for renewable fuels, including SAF. In addition to Honeywell Unicracking and Ecofining, Honeywell’s renewable fuels portfolio includes Ethanol to Jet technology and eFining™, which converts green hydrogen and carbon dioxide into e-fuels. More than 50 sites globally have licensed Honeywell’s SAF technologies, with refineries projected to exceed a combined capacity of more than 500,000 barrels of SAF per day when fully operational.

Samsung India Launches the 2nd Season of Samsung Innovation Campus

Bengaluru, India – April 25, 2024 – Samsung, India’s largest consumer electronics brand, has launched the second season of its national skilling programme – Samsung Innovation Campus – designed to upskill the youth in future-tech domains such as AI, IoT, Big Data, and Coding & Programming. Samsung Innovation Campus aims to upskill youth aged 18-25 years in future technologies and enhance their employability.

The programme strengthens Samsung’s commitment to being a strong partner and contributor to the India growth story. It is also designed to support Government of India initiatives such as Skill India and Digital India to create the right opportunities for the youth.

A Memorandum of Understanding to train 3,500 students across India has been signed between Samsung and the Electronics Sector Skills Council of India (ESSCI), earlier this week.

This year the programme goes beyond just skilling to include more exciting opportunities for the students. The national toppers from each domain will receive a cash award of INR 1 Lakh along with an opportunity to visit Samsung facilities in Delhi/NCR. The visits to the facilities will provide the students with an opportunity to interact with and receive mentorship from the leadership team at Samsung. The national course toppers will also get exciting Samsung products such as Samsung Galaxy Buds and Samsung Galaxy Smartwatches.

“Samsung has been a committed partner to the nation’s growth over the last 28 years of its presence in India. Our vision has always been aligned with the Government of India’s objectives of skilling the youth and empowering them with professional growth opportunities. Through Samsung Innovation Campus, we are building a platform of skill-based learning that would upskill the youth, create job opportunities in future -tech domains, and effect meaningful change”, said Mr. JB Park, President and CEO, Samsung Southwest Asia”.

ESSCI is a national level skilling organization promoted by industry associations under the aegis of Ministry of Skill Development, and works as a sector skill council under National Skill Development Corporation (NSDC). It will provide on-board local training through its nationwide network of approved training and education partners. ESSCI will also look at opportunities to provide the courses to beneficiaries in India’s smaller towns, where students do not have easy access to the best future-tech education.

“ESSCI is delighted to partner with Samsung for a CSR initiative that strengthens the skills ecosystem in the country. Samsung Innovation Campus is designed in perfect alignment with our objectives to provide skilling and requisite knowledge on future-tech domains to the nation’s youth and especially those who are less-privileged. We are optimistic that the programme will equip students with technical knowhow and make them job-ready”, said Dr. Abhilasha Gaur, Chief Operating Officer (Officiating CEO), ESSCI.

During the programme, participants will receive instructor-led blended classroom and online training through approved training and education partners of ESSCI across the country.

Youth enrolled for the programme will undergo classroom and online training and complete their hands-on capstone project work in their selected technology areas in AI, IoT, Big Data and Coding & Programming.

They will also be imparted soft skills training to enhance their employability. The participants will be mobilized through ESSCI’s training and education partners across India. The approach includes a combination of offline and online learning, immersive hackathons and capstone projects, as well as expert mentorship provided by Samsung employees.

The curriculum structure varies depending on the chosen course track. For instance, participants opting for the AI course will immerse themselves in 270 hours of theoretical training and complete 80 hours of project work. Meanwhile, those pursuing the IoT or Big Data courses will undergo 160 hours of training, supplemented by 80 hours of practical project work. Participants in the Coding & Programming course will engage in 80 hours of training and participate in a 3-day Hackathon event.

The programme will span eight educational institutions across four states. In the northern region, training centres will be established in Lucknow and Gorakhpur, besides two in Delhi NCR. In the Southern region, covering states of Tamil Nadu and Karnataka, training centres will be located in Chennai and Sriperumbudur, besides two in Bengaluru.

The programme is scheduled to commence during April 2024, and the specially designed six-month course will end during October 2024. The course toppers will be announced in November 2024.

During 2023, Samsung Innovation Campus successfully trained 3000 students in future-tech courses. Samsung’s involvement in this initiative underscores its commitment to nation building through Corporate Social Responsibility (CSR) activities in India. It complements Samsung’s other CSR endeavours, including Samsung Solve for Tomorrow. Through these initiatives, Samsung aims to empower future leaders of India by providing them with the necessary education and skills to drive meaningful change.

Panasonic Introduces Kid Witness News in India

New Delhi, 25th April 2024: Panasonic Life Solutions India (PLSIND), a leading diversified technology company, introduced the global initiative – Kids Witness News in India. As the first-of-its-kind initiative in the country, the programme aims to raise awareness around the United Nations Sustainable Development Goals among school students by upskilling youth with digital storytelling skills and creating advocates of change.

As part of the Kids Witness News (KWN) program, Panasonic Life Solutions India has partnered with five leading schools, including Lancers International School, Heritage Xperiential Learning School, Shalom Hills International School, Lotus Valley International School, and Scottish High International in Delhi NCR region. Beginning April 25th, Panasonic will conduct KWN workshops, providing state-of-the-art Panasonic Lumix cameras and other equipment to participating school students. With these tools, students are equipped to bring their thoughts on SDGs to life, expand their understanding of the world, and positively impact the society. From the entries, one video will be selected from India to be showcased at Panasonic’s Kid Witness News Global Summit as part of a global contest scheduled later in the year.

Speaking on the launch of the KWN program, Ms. Pooja Garg Khan, Head of Corporate Communications & CSR at Panasonic Life Solutions India (PLSIND) said, “At Panasonic, we prioritize community engagement and work towards inspiring the next generation to act as agents of change. Through the KWN program, students will learn skills in video production and journalism, creating videos on topics themed around the United Nations Sustainable Development Goals (SDGs). The program includes workshops/ training in camera operation, editing, and other aspects of video production while helping them develop critical thinking skills and giving them a voice to express their ideas related to community issues and environmental concerns, or social justice.”

The Kid Witness News (KWN) is a global program that was launched by Panasonic in 1989 to provide students with opportunities to explore the world of digital storytelling and media production. The initiative is aimed at empowering young people by giving them access to technology and training in the fields of video production and digital media. The KWN has been successful in fostering creativity and media literacy among young people, providing them with valuable skills that can be useful in their future careers. The program has been implemented in various countries around the world and continues to be a part of Panasonic’s efforts to support education and community development.

Marriott International Celebrates Milestone on Journey Towards Net-Zero

India, April 25th, 2024 – Marriott International, Inc. (Nasdaq: MAR) has verified its near and long-term science-based emissions reduction targets with the Science Based Targets initiative (SBTi). SBTi is a global climate action organization that develops tools that allow businesses to set greenhouse gas (GHG) emissions reduction targets in line with data-driven methodology. Marriott is the largest global hospitality company to receive approval for both near-term and long-term science-based targets.

The company has committed to reduce absolute scope 1 and 2 GHG emissions 46.2% by 2030 from a 2019 base year. Marriott also commits to reduce absolute scope 3 GHG emissions from fuel and energy-related activities, waste generated in operations, employee commuting, and franchises 27.5% by 2030 from a 2019 base year, and that 22% of its suppliers by emissions covering purchased goods and services, capital goods, and upstream transportation and distribution will have science-based targets by 2028.

Marriott commits to reach net-zero greenhouse gas emissions across the value chain by 2050, reducing absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2019 base year and reduce absolute scope 3 GHG emissions 90% by 2050 from a 2019 base year. The target boundary includes land-related emissions and removals from bioenergy feedstocks.

“For nearly a century, Marriott has been committed to our core value of serving our world as we strive to be a force for good wherever we do business,” said Anthony Capuano, President and CEO, Marriott International. “The impact of climate change is being seen and felt across the globe. As we continue to connect people through the power of travel, we are committed to driving meaningful improvements to the environment and are energized by reaching this significant milestone. The approval of our near-term and long-term targets is the result of the hard work and dedication of Marriott’s teams around the world who are committed to our climate action journey and creating the future of sustainable hospitality.”

“Marriott has been on a journey to reduce greenhouse gas emissions in our operations and supply chain. We believe it’s good business and good for the planet,” said Erika Alexander, Chief Global Operations Officer, Marriott International. “The decarbonization of the global electrical grid is a vital component of reducing GHG emissions. We are united with other leading companies in elevating efforts to help address the effects of climate change and hold ourselves accountable as we embed sustainability throughout our operations.”

To reach its net-zero target, Marriott is focusing its efforts in three distinct areas: energy reduction, sourcing more energy from renewables, and purchasing goods with lower carbon footprints across its portfolio of over 8,800 properties in 139 countries and territories.

The company’s recent sustainability highlights include:

Launching the Climate Action Program (CAP), the company’s approach to charting a growth-focused future through building climate fluency, addressing climate risk, and reducing greenhouse gas emissions across the organization.
Delivering property-specific carbon and energy reduction targets to every managed and franchised hotel globally.
Enhancing the Marriott Environment Sustainability Hub (MESH), a global platform for properties to log monthly power, water and waste metrics. With these enhancements, properties can now easily access customized, property-specific information for reducing energy and carbon.
Introducing the Energy Optimization Program to help properties manage rising energy costs. The program assists properties in conducting an energy audit to identify ways to become more energy efficient.
Engaging with suppliers as they work to understand and reduce their emissions.
Sharing sustainability information, including individual hotel carbon footprint data, on Marriott.com.

Marriott’s sustainability strategy is focused on a wide range of tactics including designing resource-efficient hotels, implementing technologies to track and reduce energy and water consumption, as well as waste and food waste, increasing the use of renewable energy, managing water-related risks, focusing on third-party sustainability certifications at the hotel-level, supporting innovative ecosystem restoration initiatives, implementing and responsible and local sourcing. In support of the United Nations Sustainable Development Goals (SDGs), Marriott created its sustainability and social impact platform, Serve 360: Doing Good in Every Direction, which guides the company’s efforts to make a positive and sustainable impact on the world’s most pressing social, environmental, and economic issues wherever it does business. More details about Serve 360 can be found at Marriott.com/Serve360.

Equitas Small Finance Bank Limited

Chennai, April 25, 2024: The Board of Directors of Equitas Small Finance Bank Limited at its meeting held today, approved the audited financial results for quarter and full year ended March 31, 2024.

Highest PAT of Rs. 799 Cr in FY24 vs Rs. 574 Cr in FY23, growth of 39% YoY

Highest Quarterly PAT of Rs. 208 Cr in Q4FY24 vs Rs. 190 Cr in Q4FY23

Gross Advances as of Q4FY24 was at Rs. 34,337 Cr, growth of 23% YoY

Total Deposit as of Q4FY24 was Rs 36,129 Cr, growth of 43% YoY

GNPA down to 2.52% in Q4FY24 from 2.60% in Q4FY23

RoA and RoE for FY24 at 2.00% and 14.43% respectively

1. Key Highlights for Q4FY24:

Q4FY24 was a strong quarter across key performance indicators delivering sustainable loan and deposit growth and stable margins

· Yield on disbursements improved by 135 bps to 18.74% in Q4FY24 over previous year

· Robust TD growth of 68% YoY supported by 65% YoY growth in retail TD

· During Q4FY24, Bank has securitized/assigned advances worth Rs. 584 Cr pertaining Vehicle Finance and Housing Finance. Total securitized portfolio now stands at Rs. 1732 Crs​

· CD ratio improves to 86.98% in March’24 as compared to 103.40% in March’23

2. Business Highlights:

· Used Car Advances Crossed Rs. 1200 Crs during Q4FY24

· Merchant OD grew 213% YoY, from Rs. 317 Cr in Q4FY23 to Rs. 992 Cr in Q4FY24, crossed 35000 Customers.

· ASBA services pick up momentum, 20k+ Customers availed ASBA services as on Q4FY24, with 12,000 registrations recorded in FY24 alone.​

· “Banker on Wheels” – Introduced Equitas Express App during Feb’24, a customer interface app through Phygital mode for doorstep banking to Senior Citizens and Elite Customer segment​

· CASA ratio stood at 32%; Term Deposits grew 68% YoY to Rs. 24,577 Crs

· Retail Term Deposits grew 65% YoY to Rs. 14,670 Crs

Key Ratios:

· NIM is at 8.17% for Q4FY24

· Cost to Income stood at 62.83% in Q4FY24 as compared to 62.88% in Q3FY24 and 62.87% in Q4FY23.

· RoA and RoE for Q4FY24 at 1.91% and 14.22%

Capital:

· Networth of the Bank stands at Rs. 5,969 Crs

· As of Mar 31, 2024, Total CRAR at 21.70% | Tier I at 20.71% and Tier II at 0.99%

Treasury & Liquidity:

· The Bank’s issuer rating has been rated AA-/Stable by India Rating & CareEdge Ratings

· Liquidity Coverage Ratio (LCR) as on 31.03.2024 is 176%

· Profit on sale of Investments for the quarter is Rs. 25.64 Crs

3. Profit & Loss:

· Net Income, Opex and PAT grew by 22% , 26%, 39% for full year FY24 respectively

· PAT stood at Rs. 208 Crs for Q4FY24, growth of 9% YoY and around 3% QoQ

4. Asset Quality & Provisions:

· Annualized gross slippages stable at 3.87% for Q4FY24 as compared to 3.06% in Q4FY23

· GNPA improved by 8 bps YoY to 2.52% in Q4FY24 as compared to 2.60% in Q4FY23

· NNPA improved by 2 bps YoY to 1.12 % in Q4FY24 as compared to 1.14% in Q4FY23

· Provision Coverage ratio at 56.06%. Bank continues to follow stringent provision norms across product segments

Tata Passenger Electric Mobility signs an MOU with Vertelo to accelerate e-mobility in India

Bengaluru, 25th April 2024: Tata Passenger Electric Mobility Ltd. (TPEM), a subsidiary of Tata Motors Ltd., known for pioneering India’s electric vehicle (EV) revolution, has signed a non-binding Memorandum of Understanding with Vertelo, a Macquarie managed integrated fleet electrification platform, for the delivery of 2,000 XPRES-T EVs. This partnership aims to bolster the plans to accelerate India’s transition to sustainable e-mobility. The company will begin deliveries of the cars to Vertelo in a phased manner.

Speaking on the partnership, Mr. Vivek Srivatsa, Chief Commercial Officer, Tata Passenger Electric Mobility Ltd. said, “As market leaders of passenger EVs in India, we are committed to the uptake of sustainable mobility in the country. We are delighted to partner with Vertelo in their effort to increase EV adoption in India. With over 89% market share in FY 24, the fleet segment has seen a rapid adoption by Corporates and Institutions. The XPRES-T EV has proven to be an attractive option for both customers and operators in the commercial fleet segment. Such collaborations in the industry will further help strengthen our market position amidst India’s EV revolution.”

Commenting on the partnership, Sandeep Gambhir, Chief Executive Officer, Vertelo stated that “We are really excited to partner with Tata Motors on this long-term strategic partnership to buy up to 2,000 electric cars. This partnership aims to bring together two business that are at the forefront of fleet electrification and decarbonisation in India. We hope that this partnership will help with accelerating the shift towards a more sustainable India by making bespoke leasing options available to fleet operators that help them onboard EVs in larger numbers.”

In July 2021, Tata Motors launched the ‘XPRES’ brand exclusively for fleet customers, and the XPRES-T EV is the first vehicle under this brand. The new XPRES-T electric sedan comes with 2 range options – 315km and 277km (ARAI certified range under test conditions). It packs a high energy density battery of 26 kWh and 25.5 kWh and be charged from 0- 80% in 59 mins and 110 mins respectively, using fast charging or can also be normally charged from any 15 A plug point, which is easily available and convenient. It comes with zero tail-pipe emission, single speed automatic transmission, dual airbags, and ABS with EBD as standard across variants. The premium interiors with standard automatic climate control and Electric Blue accents across its interior and exterior will give it a differentiated presence from other Tata cars.

Vertelo is a new platform providing end-to-end solutions in fleet electrification in India. The company aims to accelerate the transition of fleets to electric vehicles and build a robust EV ecosystem by offering bespoke solutions to customers including leasing and financing, charging infrastructure and energy solutions, fleet management services, and end of vehicle life management. The new platform has been established by Macquarie Asset Management and has received anchor investment from the Green Climate Fund which has committed to invest up to $US200 million. Overall, Vertelo plans to invest $US1.5 billion over 10 years with the aim to achieve a potential greenhouse gas emissions reduction.