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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
PM-ebus Seva: Ambitious Plan to Boost E-Bus Adoption despite challenges
The Crisil Ratings report emphasises the government's commitment to overall decarbonisation, with a primary emphasis on public transport as a key facilitator.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
Aequs expands into ODM with Marvel Toy Collection, overcoming India's Toy Market challenges
Under the terms of this agreement, Aequs will produce a series of 36 pullback cars, each featuring popular Marvel characters.Read more
India's 2023 exports decline 5.3%, electronics shines amid challenges
According to the Global Trade Research Initiative (GTRI), India's merchandise exports are projected to decrease to $429 billion in 2023 from $453 billion in 2022, representing a 5.3% fall.Read more
Govt halts expansion of PLI Scheme, focusing on strengthening existing sectors
It is anticipated that a decision on enlarging the list of sectors eligible for incentives to bolster domestic manufacturing capabilities will be deferred until the formation of a new central government next year.Read more
Govt officials laud PLI Scheme success across industries, DPDP rules finalised soon
Secretary S Krishnan announced that the Digital Personal Data Protection (DPDP) rules would be finalized in a few weeks, emphasizing that the DPDP Act strikes a balance between regulation and the security of personal data, fostering innovation.Read more
LOHUM partners UAE Ministry for First EV Battery Recycling Plant
The partnership comes in light of UAE’s COP28 agenda and aligning with the UAE’s Net Zero by 2050 Strategic Initiative, Circular Economy Policy and supporting emissions-free mobility with future-ready solutions.Read more
CASE unveils Bharat Stage V compliant loader backhoes, compactors at EXCON 2023
Company upgrades its entire loader backhoe range with the safest operator cabin compliant to ROPS & FOPS standards, and 22 unique features.Read more
Indian defense firms secure global rankings amidst rising arms demand
The Stockholm International Peace Research Institute (SIPRI) recently published a report, disclosing that HAL, BEL, and MDL, all Indian defense PSUs, secured positions among the top 100 arms-producing companies.Read more