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Saera Electric Showcases Futuristic EVs at 19th International Franchise & Retail Show 2023

Posted on 18/07/2023

The Saera Electric Auto Ltd’s prowess in the clean mobility segment of the country got explicitly depicted as the leading electric vehicle manufacturer showcased its advanced high-powered EVs during the 19th International Franchise & Retail Show at Pragati Maidan, New Delhi on 15-16 July 2023. The event was a grandeur exhibiting the unique products of over 500 franchisors, amidst the presence of more than 50,000 verified buyers from Asia-Pacific, and over 100 cities of India.

During the 2-day massive expo, Saera showcased its advanced electric auto, high-speed electric cargo vehicle, electric Golf cart and high-performance Moped scooter. The vehicles are designed to ensure laid-back comfort for passengers with cushioned seats and more headroom space. The electric cargo vehicles have suitable space for carrying loads of large and small-scale businesses. Saera’s electric Golf Cart comes in a monocoque frame, along with bucket seats for maximum comfort, a maintenance-free AC diving system, and cabin lights. The cabin is designed with a luxurious and spacious interior, and the overall construction of the vehicle is undeniably solid and substantial.

“Our endeavor has always been to popularize advanced EVs with user-friendly features like comfortable seating, stylish and spacious drivers’ cabin, and reliable and robust structure. The wide-spread traction we received at the 19th International Franchise & Retail Show is the testament of our market-trust and reliability among the Indian customers. I am optimistic that the electric vehicles we have exhibited during the expo will become the most trusted choice for the riders soon after its launch,” stated Director of Saera Electric Auto Limited Nitin Kapoor.

Saera has partnered with EMaaS (Electric Mobility as a Service) and CaaS (Charging/Energy as a Service) company ETO Motors for a contract manufacturing agreement, expanding micro-assembly strategy and developing battery solutions for vehicle brands. Currently , ETO Motors EVs  are being   manufactured  at Saera Electric Plant in Bawal, Haryana.

Tags: Futuristic EVsSaera Electric
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Analog Devices Releases 2022 ESG Report

Editorial by Editorial
 July 17, 2023
in Industry News
Reading Time: 3 mins read
ADI 2022 ESG Report
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India — Analog Devices, Inc. , a global semiconductor leader, today released its 2022 Environment, Social and Governance (ESG) report. The publication highlights how ADI’s solutions benefit society and the planet, introduces a new total water withdrawn intensity goal, and continues the company’s commitment to transparent and accurate disclosures.

“ADI’s immensely talented, passionate, and dedicated workforce is tackling the world’s greatest challenges in partnership with our customers and partners, and we are confident there is no obstacle we can’t overcome together,” said Vincent Roche, ADI’s CEO and Chair. “We are pleased with our ESG accomplishments and how our efforts are helping our customers and partners meet their own ESG goals, however, the urgency of the issues we face means we are never satisfied. We remain thoroughly committed and optimistic about the positive impact our technologies can have for the health of humanity and the planet.”

Key updates from the company in the 2022 report include:

  • ADI’s Solutions Benefit Society and the Planet: ADI has become a leader in designing the semiconductors and system solutions that bridge the physical and digital world for the benefit of society and the planet. ADI works with customers to co-create innovations that improve quality of life and solve pressing challenges across its end markets, which include industrial, automotive, communications, digital healthcare, and consumer. Green revenue represented about 30% of ADI’s total revenue in fiscal year 2022, increasing approximately 34% from fiscal year 2021. Roughly 30% of ADI’s R&D was green-focused, level with the company’s fiscal year 2021 green R&D.
  • ADI has set a new goal to achieve a 50% reduction in total water withdrawal normalized to fab production output by 2027. This goal is in addition to ADI’s progress of reaching a 25% water recycling rate in manufacturing facilities.
  • Enhanced Transparency of Disclosures: In line with its commitment to transparent and accurate disclosures for all stakeholders, the 2022 ESG Report includes a new ESG Results section that itemizes ESG performance metrics and KPIs. This section defines each KPI, includes available values and, where appropriate, aligns them with the United Nations Sustainable Development Goals.

Key progress against the company’s ESG commitments include:

  • Climate: Achieved a 7.2% decrease in absolute Scope 1 and 2 greenhouse gas (GHG) emissions from 2019, and a 37% decrease in Scope 1 and 2 GHG emissions intensity by revenue from 2019. For the first time, the company also disclosed full Scope 3 emissions, an essential component of achieving its goal of Net Zero emissions across the value chain by 2050 or sooner.
  • Energy: 54% of electricity used at ADI’s manufacturing facilities came from renewables in 2022, putting the company on track to achieve its goal of 100% by 2025.
  • Waste: The company is making substantial progress toward reaching its goal of diverting 100% of its waste at ADI manufacturing facilities, achieving 90% in 2022.
  • DE&I: In 2022, 25% of managers globally were female, supporting ADI’s goal of increasing the global female manager population to 29% by 2026. ADI also remains on track to increase its combined Black, Hispanic, and Latinx employee population in the United States from 7% in 2022 to 9% by 2026.

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