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DB Schenker India, CONCOR join forces to redefine logistics excellence in India
The firms signed MoU on December 19, 2023 in New Delhi, India, in the presence of Sanjay Swarup, CMD of CONCOR, Kinjal Pande, CEO of DB Schenker (India and Indian Subcontinent), along with senior officials from CONCOR and DB Schenker.Read more
Schwing Stetter India announces entry in CE-subsegments
The new path breaking construction product line-up covers mining, shipping, and road & highway infrastructure industries; to play a major role in achieving long-term growth plans.Read more
Abilities India secures patent for revolutionary piston and cylinder coating technology
The technology is poised to transform the engine components landscape reducing friction, wear, emissions & fuel consumption by 2-3%.Read more
South Asia Power Summit charts course for regional energy collaboration
The summit, a pivotal gathering of influential figures in the energy sector from the region, aimed to tackle existing challenges and explore new opportunities.Read more
85% industry revenue comes from sale of components to domestic vehicle OEMs
In the domestic market, passenger vehicle (PV) OEMs contributed more than 46% to the component industry's revenue, followed by two-wheeler manufacturers at 19%, and Medium and Heavy Commercial Vehicle (M&HCV) at 7%.Read more
Govt set to roll out auto incentives in next FY, posing challenges for electric vehicle leaders
Despite initial skepticism from automakers about meeting the incentive claim process within the current year, the scheme, first notified in 2021, is expected to bring certainty to its 67 autoparts-making applicants.Read more
C4V and Hindalco join forces for EV Battery advancements in India
Hindalco, in line with this collaboration, has recently announced the establishment of a 25,000-tonne battery foil manufacturing facility in Odisha.Read more
Vinita Singhania receives Lifetime Achievement Award at the 7th Indian Cement Review Awards
Vinita Singhania: Cement Pioneer Honored with Lifetime Achievement at 7th Indian Cement Review AwardsRead more
Northvolt unveils Sodium-Ion Battery, Paves way to sustainable energy transition
The World Bank Group's 2023 report on Challenges and Opportunities underscores the water intensity and potential environmental impacts of lithium extraction, driving the search for alternatives like sodium-ion batteries.Read more
IMF projects 6.3% growth for India despite inflation challenges
Contrary to the Reserve Bank of India's (RBI) forecast of 7%, the IMF's growth projection for the ongoing financial year, concluding on March 31, 2024, is slightly lower.Read more