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Govt mulls Rs 12,000 cr incentive for domestic mining equipment manufacturing
A high-level committee, led by the director (technical) of Coal India (CIL), has proposed a five-year incentive program to stimulate domestic manufacturing.Read more
TN set to attract Rs 50,000 cr investments, generate 150,000 jobs in EV sector by 2025
Prominent EV companies contributing to the significant production in Tamil Nadu include Ola Electric, TVS Motor, Ather in Krishnagiri, Ampere Vehicles in Ranipet, BYD India in Kancheepuram, Stellantis in Tiruvallur, and E-Royce Motors in Coimbatore.Read more
Tata Motors re-enters Thai Market with Inchcape as Commercial Vehicle Distributor
The company had ceased the sale of its pickup trucks and small commercial vehicles in Thailand in 2020 when it wound up its 100% subsidiary.Read more
Eicher launches non-stop series: Revamped heavy-duty trucks for construction, Infra
These long-haulage trucks are tailored for transporting various loads such as cement, tanker, steel, bulker, and market goodsRead more
Amitabh Kant urges to scrap import duties for exported goods
Kant suggested that while import duties on products intended for domestic consumption, such as furniture and food items, could be increased, maintaining competitive pricing for exports is crucial.Read more
Caterpillar to develop hydrogen-hybrid power solution for Off-Highway Vehicles
Caterpillar’s hydrogen-hybrid demonstration project leverages the performance, packaging, and fuel flexibility engineered into the new 13-liter Cat C13D engine platform.Read more
Valeo to supply electric powertrain for Mahindra & Mahindra’s EV program
The total order is close to 1 billion dollars and was already included in the total amount of orders for high voltage powertrain announced in Valeo’s Q3 results.Read more
UK-India FTA talks centered on mid-range Electric Vehicles market access
The British government is determined to gain access to India’s mid-priced EV market, particularly in the $40,000-$60,000 (Rs 33.30-49.9 lakh) range.Read more
MG Partners with Shoonya for sustainable EV Future in India
Companies’ Zero Pollution Mobility campaign led by NITI Aayog, alongside prominent leaders from the electric mobility sector in India.Read more
Raymond expands engineering portfolio with MPPL stake acquisition for Rs 682 cr
MPPL operates in high-growth sectors such as Aerospace, Electric Vehicles (EV), and Defense. The acquisition will be executed through Ring Plus Aqua Limited (RPAL).Read more