The appointment marks a significant milestone to strengthen leadership and accelerate strategic initiativesKUALA LUMPUR, Malaysia, Nov. 26, 2025 /PRNewswire/ -- Labuan IBFC Incorporated Sdn Bhd (Labuan IBFC Inc.) has appointed Ben Quah as its new Chief Executive Officer. He brings to the role over two decades of experience in fintech, digital marketing, and regional business development, with a strong record of building sustainable growth across Asian markets. Ben has held senior roles in both established financial institutions and high-growth technology ventures in Malaysia, MainlandChina, Hong KongSAR, and Singapore. His career reflects deep expertise in market expansion, ecosystem development, and cross-border business development. He has launched multi-jurisdictional platforms, led scalable growth programmes, and forged key partnerships with regulators, financial institutions, and technology providers.Recognised for his business clarity and strategic acumen, Ben has demonstrated the ability to translate vision into actionable strategies that enhance organisational capabilities and unlock new opportunities. His leadership enables organisations to scale sustainably and adapt effectively to shifting market conditions while maintaining a long-term value focus.As Chief Executive Officer of Labuan IBFC Inc., Ben will lead efforts to enhance Labuan IBFC's position as a premier international business and financial centre. His priorities include strengthening engagement with regulatory and industry stakeholders, deepening collaboration across key markets, and sharpening the jurisdiction's value proposition amid evolving global standards. He will also drive growth in areas such as wealth management, captive insurance, fintech and Islamic finance to position Labuan IBFC at the forefront of emerging opportunities in the region."Collaboration is fundamental to Labuan IBFC's future. By aligning closely with partners in our key markets, we can further enhance our role as Asia's leading cross-border financial hub. I am committed to cultivating the relationships that will unlock long-term, sustainable growth for the region."Since assuming the role, Ben has engaged actively with partners across the region. His leadership philosophy, grounded in the concept of "inside-out living," emphasises clarity of purpose, authenticity, and values-driven decision-making — principles that guide his long-term approach to ecosystem building and growth.For more information on Asia's premier international financial hub, visit www.labuanibfc.com.
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Labuan IBFC Inc. Appoints Ben Quah as Chief Executive Officer
PUNE, India, April 2, 2026 /PRNewswire/ -- EKA Mobility, a leading electric vehicles and technology company, today announced a strong 5X year-on-year volume growth in FY 2025–26, with 1,143 units sold and 1,344 electric commercial vehicles produced. This milestone comes on the back of the company's comprehensive electric vehicle portfolio across segments. During the year, EKA entered the M&HCV truck segment, in addition to its existing bus and SCV portfolio. The company is a Champion OEM under the Auto PLI Scheme and has achieved certification across multiple platforms.
"FY 2025–26 is a defining year for EKA Mobility. We are not only scaling volumes but also expanding our manufacturing footprint by adding a new plant recently and increasing our planned annual capacity to 10,000 buses, 6,000 trucks and 24,000 SCVs. With the widest range of fully homologated, born-electric platforms from last-mile to long-haul, we are uniquely positioned as a full-stack EV company. Our growth across electric buses, small commercial vehicles, and now trucks validates both market demand and our execution capability.
India's transition to clean commercial mobility is accelerating, and EKA is at the forefront driving this shift at scale, with technology, innovation, and global ambition."
— Dr. Sudhir Mehta, Founder & Chairman, EKA Mobility
Strong Business Momentum Across Segments
- Electric Bus Leadership:
Secured wins under PM e-Bus Sewa and PM E-DRIVE; deployed vehicles across 15+ states including Maharashtra, Gujarat, Uttar Pradesh, Karnataka, and Delhi - SCV Breakout Year:
Strong uptake of 3S & 6S passenger vehicles and 3W cargo platforms, accelerating last-mile mobility adoption - Electric Trucks:
New Growth Engine: Entry into heavy-duty trucks contributing to growth and expanding presence in logistics electrification - Hydrogen Fuel Cell:
Deployed a 9-metre hydrogen fuel cell bus at Cochin International Airport with KPIT Technologies and BPCL; plans to deploy 15 more buses
Key Highlights:
Global Expansion:
- Commenced electric bus deployments in Africa
- Partnership with Kerchanshe Group for CKD assembly and distribution
- Agreement with NBFI Capital for manufacturing in Australia
Manufacturing Scale-Up:
- Two Pune facilities operational; Pithampur plant to be operational shortly
- Planned annual capacity: 10,000 buses, 6,000 trucks and 24,000 SCVs
Retail Network:
- Expanded dealership network; plans to add 120 dealerships in FY27
Order Book Visibility:
- 6,000+ confirmed e-buses to be delivered over the next two years
About EKA Mobility
EKA Mobility is a Pune-based electric vehicle and technology company focused on transforming India's commercial mobility landscape. With a portfolio spanning electric buses, electric trucks, and small commercial vehicles, EKA combines electric vehicle manufacturing with proprietary AI-powered fleet technology to deliver end-to-end mobility solutions.
EKA Mobility is backed by Mitsui & Co., Ltd. (Japan), VDL Groep (Netherlands), Pinnacle Industries Limited, Enam Holdings and the NIIF India-Japan Fund as equity and strategic partners and has expanded its footprint to markets in East Africa, South Africa, and Australia.
To know more about the company, kindly visit: https://ekamobility.com
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EKA Mobility Achieves 5x Volume Growth
