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Toyota Kirloskar Motor advocates diverse green technologies to reduce fossil fuel dependence in India
TKM's goal is to provide a wider range of clean energy technology choices, encompassing hybrid, electric vehicles, fuel-cell electric, and flex-fuel vehicles, in line with the government's agenda to reduce fossil fuel dependency.Read more
India proposes Anti-Dumping Duty on Chinese glass for home appliances
Following a complaint from a domestic player, the Directorate General of Trade Remedies (DGTR), an investigative arm of the commerce ministry, conducted an inquiry into alleged dumping of Read more
PFC provides Rs 1,229 Cr loan for Assam methanol and formalin plants
The Power Finance Corporation (PFC), a government-owned entity, entered into an agreement to extend a term loan of Rs 1,229 crore to Assam Petrochemicals. The loan agreement between PFC and Assam Petrochemicals Ltd (APL) was formalized on September 4, 2023.Read more
GeM to implement penal interest for delayed payments by govt departments
Provision to enable public procurement portal GeM to impose penal interest for making delayed payments to vendors by ministries and dpts will be fully operational from Sept end, a senior official said.Read more
Rockwell Automation acquires autonomous robotics firm Clearpath Robotics
The acquisition of Clearpath will accelerate Rockwell’s end-to-end autonomous production logistics solutions, providing safer, more efficient manufacturing environments for customersRead more
Fan Industry revives amidst rising demand and energy efficiency transition
The Indian fan industry boasts an estimated worth of approximately Rs 10,500 crore, with approximately 200 entities operating in the segment, including 14 well-known brands.Read more
Mahindra & Volkswagen comes together for EV Components
In addition to these initiatives, Mahindra is targeting an annual production of 200,000 electric vehicles at its Chakan plant in Maharashtra from 2027 to 2029.Read more
ICRA Reports: Regulatory changes may raise commercial vehicle prices by 10-12%
ICRA emphasized that the commercial vehicle (CV) sector within the Indian automotive industry is of particular concern, as it contributes significantly to vehicular emissions in the country.Read more
Hero MotoCorp to invest Rs 550 cr in Ather Energy
Prior to the proposed investment, Hero MotoCorp's shareholding in Ather stood at 33.1 per cent, the country's largest two-wheeler said.Read more
BEL and Israel's IAI join forces for Indian Defense Advancement
This partnership between BEL and IAI is not a recent development; it stems from a long-standing history of collaboration between the two entities.Read more