Japan’s Isuzu, which manufactures SUVs and pickup trucks through another entity, owns a 15% stake in SML Isuzu. Mahindra & Mahindra is in talks to buy Japan’s Sumitomo Corp‘s entire 44% stake in heavy vehicle-maker SML Isuzu, CNBC Awaaz reported on Monday, citing sources. Indian automaker Mahindra is considering offering the Japanese trading firm 1,400… Continue reading Mahindra likely in talks to buy Sumitomo’s entire stake in SML Isuzu
Author: Economic Times of India Online News
TKIL Industries eyes Rs 1,000 crore green hydrogen revenue by 2030, says CFO Ketan Pendse
As part of its long-term strategy, TKIL is set to invest Rs 120-130 crore in capital expenditure over the next three years, with a focus on expanding the company’s green hydrogen and biochemical capabilities. Ketan Pendse, Chief Financial Officer (CFO) of TKIL Industries, has outlined an ambitious growth plan, targeting Rs 1,000 crore in green… Continue reading TKIL Industries eyes Rs 1,000 crore green hydrogen revenue by 2030, says CFO Ketan Pendse
Tamil Nadu gets major chunk of projects under PLI scheme in electronics, automobile: FM Nirmala Sitharaman
Sitharaman highlighted that 25 per cent of the companies availing benefits from the PLI scheme are from the state. Tamil Nadu has emerged as a key beneficiary under the Production-Linked Incentive (PLI) scheme, receiving a significant share of projects in the electronics and automobile sectors, Union Finance Minister Nirmala Sitharaman said. Addressing an event organised… Continue reading Tamil Nadu gets major chunk of projects under PLI scheme in electronics, automobile: FM Nirmala Sitharaman
Hindustan Copper aims to earn Rs 2,400 cr over 20 years from J’khand mines: CMD
Among the two copper blocks, Rakha is an old one that was closed around two decades ago, while Chapri is a greenfield project. State-owned Hindustan Copper aims to generate around Rs 2,400 crore revenue over the next 20 years from its recent contract with a JSW Group firm which has been appointed as a mine… Continue reading Hindustan Copper aims to earn Rs 2,400 cr over 20 years from J’khand mines: CMD
Gujarat State Petronet commissions Chhara gas pipeline
A natural gas pipeline, connecting the newly set up 5 million tonnes per annum LNG import terminal at Chhara in the Gir-Somnath district with the gas grid, has been commissioned, Gujarat State Petronet Ltd has said. The pipeline having capacity to ship 18 million standard cubic metres per day was developed by Gujarat State Petronet… Continue reading Gujarat State Petronet commissions Chhara gas pipeline
Rs 25,200 crore investment committed by 35 firms in 2nd round of PLI scheme for steel: Centre
The PLI Schemes for 14 key sectors are under implementation to enhance India’s Manufacturing capabilities and Exports. Around 35 companies have shown interest in the second round of the PLI scheme for specialty steel, with commitment of Rs 25,200 crore investment, according to the Ministry of Commerce and Industry. The Ministry of Steel is in… Continue reading Rs 25,200 crore investment committed by 35 firms in 2nd round of PLI scheme for steel: Centre
EV insurance demand surges 16x in 3 years, driven by metro cities
The company’s data reveals that the percentage has more than doubled over the past year, with the number of policies increasing from 10,000 last year to 20,000 this year. The demand for Electric vehicles (EVs) insurance has witnessed a significant upswing, with adoption growing a staggering 16 times in just three years, according to the… Continue reading EV insurance demand surges 16x in 3 years, driven by metro cities
India’s SEZ policies must evolve to attract global manufacturing, says N Sivasailam, ex-special secy, logistics
Sivasailam said that for supply chains, the key technology will be a blockchain-backed portal, ensuring secure, transparent, & efficient logistics & transaction management. As industries look to relocate from China, India has the potential to become the ‘China plus one’ manufacturing hub. However, to unlock this potential, the country’s existing Special Economic Zone (SEZ) framework… Continue reading India’s SEZ policies must evolve to attract global manufacturing, says N Sivasailam, ex-special secy, logistics
Maharashtra council sends Vehicle Tax Bill back with recommendations
Transport minister Pratap Sarnaik tabled the bill in a hurry and was insistent it be passed quickly. The Maharashtra Motor Vehicle Tax (Amendment) Bill, 2025, was sent back to the assembly from the council on Friday with certain recommendations. Transport minister Pratap Sarnaik tabled the bill in a hurry and was insistent it be passed… Continue reading Maharashtra council sends Vehicle Tax Bill back with recommendations
Canada urged to rethink Chinese EV tariffs amid US trade tensions
The Canadian Vehicle Manufacturers’ Association firmly backs existing tariffs, arguing China’s production capacity could overwhelm local automakers. As trade tensions with the US escalate, some economists argue Canada should reconsider its 100 per cent tariff on Chinese electric vehicles to boost affordability and counter Elon Musk’s Tesla. The tariff, imposed last fall alongside US measures,… Continue reading Canada urged to rethink Chinese EV tariffs amid US trade tensions