Formula E EV tech to hit roads soon

Formula E. I expect that to happen even better this year as the new M5 Electro car, the new Formula E car does not have a need to swap a battery in the field. The same car will run the whole race,” Mahindra told PTI.

Stating that it is a “huge huge leap in durability and the range of the battery”, he said, “That is cutting edge stuff. It will flow right in ( to road electric cars).”

He said the group having its own Formula E team enables it to get an inside view. “In fact, even our race car drivers are in touch with Pininfarina for the PF Zero. They gave very active inputs into the technology of that car,” he said. When asked how much of those cuttingedge electric vehicle technology can trickle down to mass- market electric cars, he said, “The gap between race to road is a very small one in Formula E.” put it on hold ( US launch),” M& M Managing Director Pawan Goenka told reporters here on the sidelines of the launch of SUV Alturas G4.

He was replying to a query if the Mumbaibased firm was planning to change the name of its South Korean subsidiary which it acquired in 2011.

Goenka said the jury is still out on the matter, with some supporting a name change while others opposing it.

The sale proceeds would add up to the government’s disinvestment kitty. The government has so far has raised over ` 15,200 crore from CPSE stake sale in current fiscal as against the budgeted target of ` 80,000 crore.

The government is launching a follow on public offer of CPSE Exchange Traded Fund ( ETF) on November 27, targeting to raise up to ` 14,000 crore.

As part of its plans to take forward the strategic sale of non- core assets of CPSEs, the Department of Investment and Public Asset Management ( DIPAM) has already identified assets of loss making Air India which are to be hived off.

As per latest data, in 2016- 17, two subsidiaries of Air India — AIATSL and Air India Express Ltd — posted profits.