Current Affairs - Business

Bengaluru-based Ola Electric has been awarded PLI certification for its S1 X 3 and 4 kWh electric scooters, marking a significant milestone in the company’s journey. This certification, granted by ARAI, confirms that Ola's products meet the localization requirements under the PLI Scheme, making them eligible for substantial incentives. This achievement not only supports Ola's growing orders but also reinforces its commitment to advancing India's electric vehicle ecosystem, in alignment with the government's vision for domestic electric mobility.

Zara, a top clothing brand, issued an apology and removed a children's t-shirt from their stores after it sparked a controversy due to its text, which some parents and netizens found "sexually suggestive". The t-shirt featured captions like "The Perfect Snack" and "The Strawberry: A small burst of sweet joy", which led to public outcry and criticism for promoting sexual innuendo towards children. Zara has since apologized and removed the item from stores and their website, addressing the concerns raised by customers and the public.

BYD has marked its 11th year in India with an extended introductory price on the Atto 3 Dynamic, its latest battery-powered SUV. The model, priced at Rs 24.99 lakh ex-showroom, is available at the same price for the next six months, making it more accessible to potential buyers. The Atto 3 Dynamic, with a 49.92 kWh battery, offers a 468 km range and a 150 kWh DC fast charging option, providing a comprehensive electric vehicle solution. BYD's strategic pricing and product features aim to enhance its competitive edge in the Indian EV market while promoting sustainability and environmental benefits.

Ola, a dominant electric two-wheeler manufacturer, has launched a new e-motorcycle in India using its third-generation platform. The Gen 3 platform, designed on an 'Inside the Box' philosophy, promises cost-effectiveness, enhanced performance, and riding quality. The new motorcycle, featuring improved battery design and electronics integration, is expected to offer a superior ride experience. This move is part of Ola's strategy to diversify beyond two-wheelers and solidify its presence in the electric vehicle market.

Royal Enfield and C.L.A.W Global have joined forces to launch a groundbreaking motorcycle expedition, Unlimit, on August 15. The initiative, aimed at pushing the boundaries of human potential, combines adventure motorcycling with military special forces training. Participants will embark on a 7-day journey through the rugged Himalayan terrain, engaging in multi-adventure activities and survival techniques. This collaboration highlights the brand's commitment to resilience and empowerment, showcasing the enduring spirit of adventurers and the transformative power of teamwork and camaraderie.