Business Economy


Gravton Motors signs MoU with Telangana Govt to build strong and future-ready clean-mobility ecosystem

Hyderabad, Dec 11 (UNI) Gravton Motors Pvt Ltd (“Gravton Motors”) on Thursday announced it has signed a Memorandum of Understanding (MoU) with the Government of Telangana, to establish advanced facilities dedicated to EV powertrain production, EV two-wheeler manufacturing and autonomous ground-vehicle (AGV) development.
The MoU was inked during the recently held Telangana Rising Global Summit at Bharat Future City here, the Hyderabad based company said in a release here.
This collaboration marks a significant step in advancing the State’s vision to build a strong and future-ready clean-mobility ecosystem.
Through this MoU, the state Government will extend facilitation support through TG-IPASS, enabling faster clearances and coordinated assistance from various departments and agencies for the smooth implementation of the project.
The initiative aligns with the State’s broader agenda of driving innovation, generating new opportunities and strengthening its position as one of India’s most progressive destinations for emerging-technology industries. The collaboration is expected to encourage research-focused manufacturing, nurture skilled talent and support the evolution of next-generation mobility solutions.
Benefits of the partnership include the creation of a technology-rich environment for EV development, opportunities for high-skilled employment and a positive contribution toward sustainable transportation goals. The project is also poised to support the local supplier ecosystem, encourage ancillary manufacturing and stimulate innovation across electric and autonomous vehicle technologies.
Parshuram Paka, Founder & MD, Gravton Motors said, “This MoU is the start of a shared journey to build a strong base for electric mobility and advanced manufacturing in Telangana. The State’s proactive governance and focus on innovation create the ideal foundation for companies like ours to build, scale and contribute meaningfully. We look forward to developing future-ready technology that not only benefits Telangana but strengthens India’s position in the global EV landscape.”
The MoU serves as a guiding framework for cooperation between the parties, with formal agreements to be signed in the coming months. Both Gravton Motors and the Government of Telangana are aligned in their goal of promoting industrial growth rooted in sustainability, technology and long-term value creation.
UNI KNR RN
More News

Stock market ends lower, Nifty slips below 25,750

13 Jan 2026 | 7:24 PM

New Delhi, Jan 13 (UNI) The Indian Stock Market today ended lower in another volatile session with the Nifty slipping below 25,750 due tobrisk sell-off in auto, consumer durables, pharma and realty stocks.

see more..

Centre persuades delivery aggregators to take down mandatory 10-minute delivery deadline

13 Jan 2026 | 6:42 PM

New Delhi, Jan 13 (UNI) Coming as a major relief to the gig workers, union Labour Minister Mansukh Mandaviya has persuaded major delivery aggregators to remove the mandatory 10-minute delivery deadline.

see more..

Venezuela crisis unlikely to impact Indian corporates: Crisil Report

13 Jan 2026 | 2:58 PM

New Delhi, Jan 13 (UNI) The developments in Venezuela are unlikely to have any material impact on India’s trade flows or the credit profiles of Indian companies, according to the Crisil report released on Tuesday here.

see more..

PFRDA sets up expert panel to frame assured payout structure under NPS

13 Jan 2026 | 2:27 PM

New Delhi, Jan 13 (UNI) The Pension Fund Regulatory and Development Authority (PFRDA) has constituted a high-level expert committee to design a regulatory framework for assured payouts under the National Pension System (NPS), a move aimed at strengthening retirement income security for subscribers, an official statement said on Tuesday.

see more..

Hyd: Bartronics India to acquire 51 pc stake in agritech firm AYOU

13 Jan 2026 | 12:07 AM

Hyderabad, Jan 12 (UNI) Bartronics India Limited on Monday announced it has received board approval to acquire a 51 percent strategic stake in AYOU, the fresh produce brand operated by Shree NagaNarasimha Pvt. Ltd. (SNN), marking the company’s formal entry into organised agri trade under its Project Avio Agritech initiative.

see more..