Category: All News

  • Bijliride Partners with Flipkart Minutes to Accelerate Electric Last-Mile Deliveries Across Key Metros Ahead of the Festive Season

    Bijliride, a leading electric vehicle (EV) ecosystem and urban mobility platform, today announced a strategic partnership with Flipkart Minutes, Flipkart’s fast-scaling quick commerce service, to power sustainable last-mile delivery operations across major urban hubs. Under this deployment, Bijliride is rolling out electric two-wheelers in a phased manner across five high-demand markets: Delhi NCR, Bengaluru, Mumbai, Hyderabad, and Pune.

    Rather than adopting a rigid, static fleet allocation, the deployment leverages an agile, demand-led operational model. Fleet volume scales dynamically to match surge delivery volumes and rider onboarding requirements, supporting Flipkart’s broader push toward 100% electric mobility by 2030 and integrating seamlessly with Flipkart’s EV Assist initiative.

    With a deployed footprint exceeding 6,000 electric vehicles nationwide, Bijliride is addressing one of the most critical challenges facing the quick commerce sector: vehicle downtime. Bijliride provides a comprehensive, full-stack ecosystem that integrates flexible commercial rental plans, battery swapping and doorstep battery delivery, dedicated fleet maintenance, 24/7 on-road assistance, and telematics-driven fleet management technology.

    “Accelerating EV adoption in commercial logistics is not simply about putting more electric two-wheelers on the road; it requires building a reliable, full-stack operational engine around those vehicles,” said Shivam Sisodiya, Founder & CEO of Bijliride. “In quick commerce, vehicle uptime directly impacts a delivery partner’s livelihood. Our partnership with Flipkart Minutes is engineered to make green mobility practical, commercially viable, and scalable. By providing robust on-road support, battery infrastructure, and accessible rentals, we are ensuring that electric logistics delivers tangible economic value to both enterprise platforms and delivery executives.”

    A core priority of the tie-up is optimizing the unit economics for gig workers. Fuel represents one of the largest recurring expenses for delivery riders operating conventional internal combustion engine (ICE) two-wheelers. By transitioning to Bijliride’s asset-light rental model, riders avoid prohibitive upfront capital expenditures while drastically reducing their operational cost per kilometer, enabling them to retain a larger portion of their daily earnings.

    To support delivery partners through the high-volume festive shopping period, Bijliride and Flipkart Minutes have structured festive rental benefits and prioritized vehicle availability to ensure gig partners can maximize on-road earning hours without maintenance constraints.

    As quick commerce demand continues to surge across urban centers, this collaboration represents a key operational milestone in building zero-emission, economically viable logistics networks across India’s metropolitan economies.

  • Tsuyo Manufacturing Bags USD 3.2 Million Annual Order from Leading Indian OEM for Next-Generation IPM Motor

    Tsuyo Manufacturing Pvt. Ltd., a leading Indian electric powertrain technology and manufacturing company, has secured a new business programme worth approximately US$3.2 million annually from a leading Indian OEM for its next-generation Interior Permanent Magnet (IPM) motor for electric three-wheelers.

    Expected to run for 10 years, the programme will encompass product supply, technical support, service and after-sales support, establishing a long-term engagement between Tsuyo and the OEM across the vehicle lifecycle. The programme further strengthens Tsuyo’s growing engagement with OEMs in India’s rapidly expanding electric commercial mobility ecosystem and underscores its capabilities in developing and manufacturing application-specific electric powertrain solutions.

    The motor developed for the program is a Heavy Rare Earth (HRE) Free Permanent Magnet Synchronous Motor (PMSM) with an Interior Permanent Magnet (IPM) rotor architecture. This motor comes with maximum system efficiency of up to 93%. The motor features Hall Effect feedback, air cooling and an IP65 protection grade, without connector.

    Prashant Ranjan, Director – In-charge, Sales & Services, Tsuyo Manufacturing, said, “Securing a 10-year programme with a leading Indian OEM is a significant milestone for Tsuyo and reflects the trust and confidence our customers place in our engineering, manufacturing and lifecycle support capabilities. A programme of this scale requires consistent product quality, dependable supply, responsive technical support and strong after-sales capabilities throughout the vehicle lifecycle. We are focused on building these capabilities. Our long-term objective is to develop and supply reliable, locally engineered electric powertrain solutions that are designed around the specific requirements of Indian OEMs and operating conditions.”

    The programme adds to Tsuyo’s expanding portfolio of electric powertrain engagements across commercial mobility applications. With an emphasis on indigenous engineering, application-specific product development and scalable manufacturing, the company is building capabilities across motors, controllers and integrated electric powertrain systems for electric three-wheelers, light commercial vehicles, medium and heavy commercial vehicles and other mobility applications.

    The 10-year programme also provides Tsuyo with a sustained platform to deepen its role beyond component supply, supporting the OEM through product supply, technical assistance, service and after-sales requirements. This lifecycle-oriented approach is aligned with the evolving needs of India’s electric commercial vehicle industry, where reliability, uptime, serviceability and application-specific powertrain performance are increasingly important considerations for OEMs and fleet operators.

    In the recent past, Tsuyo was selected as one of the Top 30 startups to represent India at VivaTech 202. This served as testimony to the team’s innovation, engineering excellence, and dedication. The selection came after Tsuyo was chosen among the 120 startups under Bharat Innovates 2026, the flagship innovation initiative of the Ministry of Education, Government of India.

  • Tsuyo Manufacturing Bags USD 3.2 Million Annual Order from Leading Indian OEM for Next-Generation IPM Motor

    Tsuyo Manufacturing Pvt. Ltd., a leading Indian electric powertrain technology and manufacturing company, has secured a new business programme worth approximately US$3.2 million annually from a leading Indian OEM for its next-generation Interior Permanent Magnet (IPM) motor for electric three-wheelers.

    Expected to run for 10 years, the programme will encompass product supply, technical support, service and after-sales support, establishing a long-term engagement between Tsuyo and the OEM across the vehicle lifecycle. The programme further strengthens Tsuyo’s growing engagement with OEMs in India’s rapidly expanding electric commercial mobility ecosystem and underscores its capabilities in developing and manufacturing application-specific electric powertrain solutions.

    The motor developed for the program is a Heavy Rare Earth (HRE) Free Permanent Magnet Synchronous Motor (PMSM) with an Interior Permanent Magnet (IPM) rotor architecture. This motor comes with maximum system efficiency of up to 93%. The motor features Hall Effect feedback, air cooling and an IP65 protection grade, without connector.

    Prashant Ranjan, Director – In-charge, Sales & Services, Tsuyo Manufacturing, said, “Securing a 10-year programme with a leading Indian OEM is a significant milestone for Tsuyo and reflects the trust and confidence our customers place in our engineering, manufacturing and lifecycle support capabilities. A programme of this scale requires consistent product quality, dependable supply, responsive technical support and strong after-sales capabilities throughout the vehicle lifecycle. We are focused on building these capabilities. Our long-term objective is to develop and supply reliable, locally engineered electric powertrain solutions that are designed around the specific requirements of Indian OEMs and operating conditions.”

    The programme adds to Tsuyo’s expanding portfolio of electric powertrain engagements across commercial mobility applications. With an emphasis on indigenous engineering, application-specific product development and scalable manufacturing, the company is building capabilities across motors, controllers and integrated electric powertrain systems for electric three-wheelers, light commercial vehicles, medium and heavy commercial vehicles and other mobility applications.

    The 10-year programme also provides Tsuyo with a sustained platform to deepen its role beyond component supply, supporting the OEM through product supply, technical assistance, service and after-sales requirements. This lifecycle-oriented approach is aligned with the evolving needs of India’s electric commercial vehicle industry, where reliability, uptime, serviceability and application-specific powertrain performance are increasingly important considerations for OEMs and fleet operators.

    In the recent past, Tsuyo was selected as one of the Top 30 startups to represent India at VivaTech 202. This served as testimony to the team’s innovation, engineering excellence, and dedication. The selection came after Tsuyo was chosen among the 120 startups under Bharat Innovates 2026, the flagship innovation initiative of the Ministry of Education, Government of India.

  • Tsuyo Manufacturing Bags USD 3.2 Million Annual Order from Leading Indian OEM for Next-Generation IPM Motor

    Tsuyo Manufacturing Pvt. Ltd., a leading Indian electric powertrain technology and manufacturing company, has secured a new business programme worth approximately US$3.2 million annually from a leading Indian OEM for its next-generation Interior Permanent Magnet (IPM) motor for electric three-wheelers.

    Expected to run for 10 years, the programme will encompass product supply, technical support, service and after-sales support, establishing a long-term engagement between Tsuyo and the OEM across the vehicle lifecycle. The programme further strengthens Tsuyo’s growing engagement with OEMs in India’s rapidly expanding electric commercial mobility ecosystem and underscores its capabilities in developing and manufacturing application-specific electric powertrain solutions.

    The motor developed for the program is a Heavy Rare Earth (HRE) Free Permanent Magnet Synchronous Motor (PMSM) with an Interior Permanent Magnet (IPM) rotor architecture. This motor comes with maximum system efficiency of up to 93%. The motor features Hall Effect feedback, air cooling and an IP65 protection grade, without connector.

    Prashant Ranjan, Director – In-charge, Sales & Services, Tsuyo Manufacturing, said, “Securing a 10-year programme with a leading Indian OEM is a significant milestone for Tsuyo and reflects the trust and confidence our customers place in our engineering, manufacturing and lifecycle support capabilities. A programme of this scale requires consistent product quality, dependable supply, responsive technical support and strong after-sales capabilities throughout the vehicle lifecycle. We are focused on building these capabilities. Our long-term objective is to develop and supply reliable, locally engineered electric powertrain solutions that are designed around the specific requirements of Indian OEMs and operating conditions.”

    The programme adds to Tsuyo’s expanding portfolio of electric powertrain engagements across commercial mobility applications. With an emphasis on indigenous engineering, application-specific product development and scalable manufacturing, the company is building capabilities across motors, controllers and integrated electric powertrain systems for electric three-wheelers, light commercial vehicles, medium and heavy commercial vehicles and other mobility applications.

    The 10-year programme also provides Tsuyo with a sustained platform to deepen its role beyond component supply, supporting the OEM through product supply, technical assistance, service and after-sales requirements. This lifecycle-oriented approach is aligned with the evolving needs of India’s electric commercial vehicle industry, where reliability, uptime, serviceability and application-specific powertrain performance are increasingly important considerations for OEMs and fleet operators.

    In the recent past, Tsuyo was selected as one of the Top 30 startups to represent India at VivaTech 202. This served as testimony to the team’s innovation, engineering excellence, and dedication. The selection came after Tsuyo was chosen among the 120 startups under Bharat Innovates 2026, the flagship innovation initiative of the Ministry of Education, Government of India.

  • Tsuyo Manufacturing Bags USD 3.2 Million Annual Order from Leading Indian OEM for Next-Generation IPM Motor

    Tsuyo Manufacturing Pvt. Ltd., a leading Indian electric powertrain technology and manufacturing company, has secured a new business programme worth approximately US$3.2 million annually from a leading Indian OEM for its next-generation Interior Permanent Magnet (IPM) motor for electric three-wheelers.

    Expected to run for 10 years, the programme will encompass product supply, technical support, service and after-sales support, establishing a long-term engagement between Tsuyo and the OEM across the vehicle lifecycle. The programme further strengthens Tsuyo’s growing engagement with OEMs in India’s rapidly expanding electric commercial mobility ecosystem and underscores its capabilities in developing and manufacturing application-specific electric powertrain solutions.

    The motor developed for the program is a Heavy Rare Earth (HRE) Free Permanent Magnet Synchronous Motor (PMSM) with an Interior Permanent Magnet (IPM) rotor architecture. This motor comes with maximum system efficiency of up to 93%. The motor features Hall Effect feedback, air cooling and an IP65 protection grade, without connector.

    Prashant Ranjan, Director – In-charge, Sales & Services, Tsuyo Manufacturing, said, “Securing a 10-year programme with a leading Indian OEM is a significant milestone for Tsuyo and reflects the trust and confidence our customers place in our engineering, manufacturing and lifecycle support capabilities. A programme of this scale requires consistent product quality, dependable supply, responsive technical support and strong after-sales capabilities throughout the vehicle lifecycle. We are focused on building these capabilities. Our long-term objective is to develop and supply reliable, locally engineered electric powertrain solutions that are designed around the specific requirements of Indian OEMs and operating conditions.”

    The programme adds to Tsuyo’s expanding portfolio of electric powertrain engagements across commercial mobility applications. With an emphasis on indigenous engineering, application-specific product development and scalable manufacturing, the company is building capabilities across motors, controllers and integrated electric powertrain systems for electric three-wheelers, light commercial vehicles, medium and heavy commercial vehicles and other mobility applications.

    The 10-year programme also provides Tsuyo with a sustained platform to deepen its role beyond component supply, supporting the OEM through product supply, technical assistance, service and after-sales requirements. This lifecycle-oriented approach is aligned with the evolving needs of India’s electric commercial vehicle industry, where reliability, uptime, serviceability and application-specific powertrain performance are increasingly important considerations for OEMs and fleet operators.

    In the recent past, Tsuyo was selected as one of the Top 30 startups to represent India at VivaTech 202. This served as testimony to the team’s innovation, engineering excellence, and dedication. The selection came after Tsuyo was chosen among the 120 startups under Bharat Innovates 2026, the flagship innovation initiative of the Ministry of Education, Government of India.

  • Tsuyo Manufacturing Bags USD 3.2 Million Annual Order from Leading Indian OEM for Next-Generation IPM Motor

    Tsuyo Manufacturing Pvt. Ltd., a leading Indian electric powertrain technology and manufacturing company, has secured a new business programme worth approximately US$3.2 million annually from a leading Indian OEM for its next-generation Interior Permanent Magnet (IPM) motor for electric three-wheelers.

    Expected to run for 10 years, the programme will encompass product supply, technical support, service and after-sales support, establishing a long-term engagement between Tsuyo and the OEM across the vehicle lifecycle. The programme further strengthens Tsuyo’s growing engagement with OEMs in India’s rapidly expanding electric commercial mobility ecosystem and underscores its capabilities in developing and manufacturing application-specific electric powertrain solutions.

    The motor developed for the program is a Heavy Rare Earth (HRE) Free Permanent Magnet Synchronous Motor (PMSM) with an Interior Permanent Magnet (IPM) rotor architecture. This motor comes with maximum system efficiency of up to 93%. The motor features Hall Effect feedback, air cooling and an IP65 protection grade, without connector.

    Prashant Ranjan, Director – In-charge, Sales & Services, Tsuyo Manufacturing, said, “Securing a 10-year programme with a leading Indian OEM is a significant milestone for Tsuyo and reflects the trust and confidence our customers place in our engineering, manufacturing and lifecycle support capabilities. A programme of this scale requires consistent product quality, dependable supply, responsive technical support and strong after-sales capabilities throughout the vehicle lifecycle. We are focused on building these capabilities. Our long-term objective is to develop and supply reliable, locally engineered electric powertrain solutions that are designed around the specific requirements of Indian OEMs and operating conditions.”

    The programme adds to Tsuyo’s expanding portfolio of electric powertrain engagements across commercial mobility applications. With an emphasis on indigenous engineering, application-specific product development and scalable manufacturing, the company is building capabilities across motors, controllers and integrated electric powertrain systems for electric three-wheelers, light commercial vehicles, medium and heavy commercial vehicles and other mobility applications.

    The 10-year programme also provides Tsuyo with a sustained platform to deepen its role beyond component supply, supporting the OEM through product supply, technical assistance, service and after-sales requirements. This lifecycle-oriented approach is aligned with the evolving needs of India’s electric commercial vehicle industry, where reliability, uptime, serviceability and application-specific powertrain performance are increasingly important considerations for OEMs and fleet operators.

    In the recent past, Tsuyo was selected as one of the Top 30 startups to represent India at VivaTech 202. This served as testimony to the team’s innovation, engineering excellence, and dedication. The selection came after Tsuyo was chosen among the 120 startups under Bharat Innovates 2026, the flagship innovation initiative of the Ministry of Education, Government of India.

  • Tsuyo Manufacturing Bags USD 3.2 Million Annual Order from Leading Indian OEM for Next-Generation IPM Motor

    Tsuyo Manufacturing Pvt. Ltd., a leading Indian electric powertrain technology and manufacturing company, has secured a new business programme worth approximately US$3.2 million annually from a leading Indian OEM for its next-generation Interior Permanent Magnet (IPM) motor for electric three-wheelers.

    Expected to run for 10 years, the programme will encompass product supply, technical support, service and after-sales support, establishing a long-term engagement between Tsuyo and the OEM across the vehicle lifecycle. The programme further strengthens Tsuyo’s growing engagement with OEMs in India’s rapidly expanding electric commercial mobility ecosystem and underscores its capabilities in developing and manufacturing application-specific electric powertrain solutions.

    The motor developed for the program is a Heavy Rare Earth (HRE) Free Permanent Magnet Synchronous Motor (PMSM) with an Interior Permanent Magnet (IPM) rotor architecture. This motor comes with maximum system efficiency of up to 93%. The motor features Hall Effect feedback, air cooling and an IP65 protection grade, without connector.

    Prashant Ranjan, Director – In-charge, Sales & Services, Tsuyo Manufacturing, said, “Securing a 10-year programme with a leading Indian OEM is a significant milestone for Tsuyo and reflects the trust and confidence our customers place in our engineering, manufacturing and lifecycle support capabilities. A programme of this scale requires consistent product quality, dependable supply, responsive technical support and strong after-sales capabilities throughout the vehicle lifecycle. We are focused on building these capabilities. Our long-term objective is to develop and supply reliable, locally engineered electric powertrain solutions that are designed around the specific requirements of Indian OEMs and operating conditions.”

    The programme adds to Tsuyo’s expanding portfolio of electric powertrain engagements across commercial mobility applications. With an emphasis on indigenous engineering, application-specific product development and scalable manufacturing, the company is building capabilities across motors, controllers and integrated electric powertrain systems for electric three-wheelers, light commercial vehicles, medium and heavy commercial vehicles and other mobility applications.

    The 10-year programme also provides Tsuyo with a sustained platform to deepen its role beyond component supply, supporting the OEM through product supply, technical assistance, service and after-sales requirements. This lifecycle-oriented approach is aligned with the evolving needs of India’s electric commercial vehicle industry, where reliability, uptime, serviceability and application-specific powertrain performance are increasingly important considerations for OEMs and fleet operators.

    In the recent past, Tsuyo was selected as one of the Top 30 startups to represent India at VivaTech 202. This served as testimony to the team’s innovation, engineering excellence, and dedication. The selection came after Tsuyo was chosen among the 120 startups under Bharat Innovates 2026, the flagship innovation initiative of the Ministry of Education, Government of India.

  • Tsuyo Manufacturing Bags USD 3.2 Million Annual Order from Leading Indian OEM for Next-Generation IPM Motor

    Tsuyo Manufacturing Pvt. Ltd., a leading Indian electric powertrain technology and manufacturing company, has secured a new business programme worth approximately US$3.2 million annually from a leading Indian OEM for its next-generation Interior Permanent Magnet (IPM) motor for electric three-wheelers.

    Expected to run for 10 years, the programme will encompass product supply, technical support, service and after-sales support, establishing a long-term engagement between Tsuyo and the OEM across the vehicle lifecycle. The programme further strengthens Tsuyo’s growing engagement with OEMs in India’s rapidly expanding electric commercial mobility ecosystem and underscores its capabilities in developing and manufacturing application-specific electric powertrain solutions.

    The motor developed for the program is a Heavy Rare Earth (HRE) Free Permanent Magnet Synchronous Motor (PMSM) with an Interior Permanent Magnet (IPM) rotor architecture. This motor comes with maximum system efficiency of up to 93%. The motor features Hall Effect feedback, air cooling and an IP65 protection grade, without connector.

    Prashant Ranjan, Director – In-charge, Sales & Services, Tsuyo Manufacturing, said, “Securing a 10-year programme with a leading Indian OEM is a significant milestone for Tsuyo and reflects the trust and confidence our customers place in our engineering, manufacturing and lifecycle support capabilities. A programme of this scale requires consistent product quality, dependable supply, responsive technical support and strong after-sales capabilities throughout the vehicle lifecycle. We are focused on building these capabilities. Our long-term objective is to develop and supply reliable, locally engineered electric powertrain solutions that are designed around the specific requirements of Indian OEMs and operating conditions.”

    The programme adds to Tsuyo’s expanding portfolio of electric powertrain engagements across commercial mobility applications. With an emphasis on indigenous engineering, application-specific product development and scalable manufacturing, the company is building capabilities across motors, controllers and integrated electric powertrain systems for electric three-wheelers, light commercial vehicles, medium and heavy commercial vehicles and other mobility applications.

    The 10-year programme also provides Tsuyo with a sustained platform to deepen its role beyond component supply, supporting the OEM through product supply, technical assistance, service and after-sales requirements. This lifecycle-oriented approach is aligned with the evolving needs of India’s electric commercial vehicle industry, where reliability, uptime, serviceability and application-specific powertrain performance are increasingly important considerations for OEMs and fleet operators.

    In the recent past, Tsuyo was selected as one of the Top 30 startups to represent India at VivaTech 202. This served as testimony to the team’s innovation, engineering excellence, and dedication. The selection came after Tsuyo was chosen among the 120 startups under Bharat Innovates 2026, the flagship innovation initiative of the Ministry of Education, Government of India.

  • Tsuyo Manufacturing Bags USD 3.2 Million Annual Order from Leading Indian OEM for Next-Generation IPM Motor

    Tsuyo Manufacturing Pvt. Ltd., a leading Indian electric powertrain technology and manufacturing company, has secured a new business programme worth approximately US$3.2 million annually from a leading Indian OEM for its next-generation Interior Permanent Magnet (IPM) motor for electric three-wheelers.

    Expected to run for 10 years, the programme will encompass product supply, technical support, service and after-sales support, establishing a long-term engagement between Tsuyo and the OEM across the vehicle lifecycle. The programme further strengthens Tsuyo’s growing engagement with OEMs in India’s rapidly expanding electric commercial mobility ecosystem and underscores its capabilities in developing and manufacturing application-specific electric powertrain solutions.

    The motor developed for the program is a Heavy Rare Earth (HRE) Free Permanent Magnet Synchronous Motor (PMSM) with an Interior Permanent Magnet (IPM) rotor architecture. This motor comes with maximum system efficiency of up to 93%. The motor features Hall Effect feedback, air cooling and an IP65 protection grade, without connector.

    Prashant Ranjan, Director – In-charge, Sales & Services, Tsuyo Manufacturing, said, “Securing a 10-year programme with a leading Indian OEM is a significant milestone for Tsuyo and reflects the trust and confidence our customers place in our engineering, manufacturing and lifecycle support capabilities. A programme of this scale requires consistent product quality, dependable supply, responsive technical support and strong after-sales capabilities throughout the vehicle lifecycle. We are focused on building these capabilities. Our long-term objective is to develop and supply reliable, locally engineered electric powertrain solutions that are designed around the specific requirements of Indian OEMs and operating conditions.”

    The programme adds to Tsuyo’s expanding portfolio of electric powertrain engagements across commercial mobility applications. With an emphasis on indigenous engineering, application-specific product development and scalable manufacturing, the company is building capabilities across motors, controllers and integrated electric powertrain systems for electric three-wheelers, light commercial vehicles, medium and heavy commercial vehicles and other mobility applications.

    The 10-year programme also provides Tsuyo with a sustained platform to deepen its role beyond component supply, supporting the OEM through product supply, technical assistance, service and after-sales requirements. This lifecycle-oriented approach is aligned with the evolving needs of India’s electric commercial vehicle industry, where reliability, uptime, serviceability and application-specific powertrain performance are increasingly important considerations for OEMs and fleet operators.

    In the recent past, Tsuyo was selected as one of the Top 30 startups to represent India at VivaTech 202. This served as testimony to the team’s innovation, engineering excellence, and dedication. The selection came after Tsuyo was chosen among the 120 startups under Bharat Innovates 2026, the flagship innovation initiative of the Ministry of Education, Government of India.

  • Inox Green Completes Payment for the Transfer of WindWorld India’s 4.5 GW Wind O&M Business as per the Business Transfer Agreement

    Inox Green Completes Payment for the Transfer of WindWorld India’s 4.5 GW Wind O&M Business as per the Business Transfer Agreement

    Inox Green Energy Solutions Limited (“Inox Green”), India’s leading listed renewable operations and maintenance (“O&M”) service provider and part of the INOXGFL Group, has on October 6, 2026 completed the payment for the transfer of the wind O&M business of Wind World India Limited (“WWIL”). The payment has been made through Inox Green’s subsidiary Vibhav Energy Private Limited (“VEPL”) pursuant to the Business Transfer Agreement (“BTA”) executed between VEPL and WWIL. This landmark transaction represents one of the most significant deals in India’s renewable O&M sector.

    The O&M business of WWIL will be transferred to VEPL as a going concern, as per the terms of the BTA and the Resolution Plan approved by the Hon’ble National Company Law Tribunal (NCLT). Inox Green will own 75% stake in VEPL post completion of the transfer and the implementation of the Resolution Plan, enabling line-by-line consolidation of the transferred business’ financials. The total consideration for the transaction, inclusive of taxes, is ₹550 cгоге.

    WWIL’s high-quality 4.5 GW portfolio services a marquee client base, including the Tata Group, ReNew, Greenko Group, Apraava Energy, and Hindustan Zinc. The assets span across key wind-rich states, including Karnataka, Maharashtra, Tamil Nadu, Rajasthan, Gujarat, Madhya Pradesh, and Andhra Pradesh. The portfolio generated revenue of approximately 580 crore in FY26 and benefits from contracted annual price escalation of approximately 5%.

    Inox Green’s O&M portfolio currently stands at ~13.3 GWp (as of June 2026, inclusive of WWIL and a separate -2 GW wind O&M acquisition currently held as an investment). By leveraging operational efficiencies, advanced technology platforms, and group synergies, Inox Green is uniquely positioned to substantially boost the acquired portfolio’s revenues and operating margins.

    Supported by the INOXGFL Group ecosystem-including planned large annual capacity additions at Inox Clean Energy and external projects executed by parent company Inox Wind-Inox Green is firmly on track to exceed 20 GW+ capacity in the near future.

    Commenting on the acquisition, Mr. Devansh Jain, Executive Director, INOXGFL Group, said, “This transaction will be a defining step in our strategy to build India’s largest and most technologically advanced renewable energy services platform. Wind World’s quality asset base and deeply entrenched customer relationships complement Inox Green’s strengths and reinforce our long-term growth ambitions. The transaction substantially enhances our multi-brand OEM O&M capabilities and strengthens our ability to deliver superior operational performance across a larger fleet of wind assets. We are now focused on a seamless integration of Wind World India’s O&M business, leveraging our combined capabilities to drive greater value for customers, accelerate growth and further consolidate our leadership in the renewable energy services sector.”

    Mr. Akhil Jindal, Group CFO, INOXGFL Group, added, “We are extremely pleased to announce that this milestone transaction has been executed within our disciplined valuation framework. The business has several synergistic opportunities and the transaction multiple works out to approximately 2x EBITDA, based on expected earnings after the full realisation of synergies over the next year. As we integrate the acquired business, our focus will be on driving operational efficiencies, improving margins and unlocking synergies to maximize value creation.”