Hilti India has been recognised as one of India’s Best Companies to Work For in 2025 in the Large Organizations category by Great Place to Work (GPTW). This marks the company’s eighth consecutive GPTW certification. The shift from the mid-size category to large organizations in 2025 highlights Hilti India’s continued expansion in the country. The… Continue reading Hilti India Named Among Best Large Workplaces by Great Place to Work
Category: US Motoring Press
IFC Invests $20 Million in Transvolt Mobility to Support EV Expansion in India
The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $20 million equity investment in Transvolt Mobility Private Limited, an Indian electric mobility company. This forms part of Transvolt’s ongoing $50 million funding round. This marks IFC’s first equity investment in an electric vehicle (EV) fleet platform, both in India… Continue reading IFC Invests $20 Million in Transvolt Mobility to Support EV Expansion in India
Bajaj Auto Credit Gets Board Approval for ₹8,750 Crore Debt Fundraising Plan
Bajaj Auto Credit Limited, a wholly-owned subsidiary of Bajaj Auto Limited, has received board approval to raise up to ₹8,750 crores through various debt instruments. The board of directors approved the fundraising plan during their meeting held on July 17, 2025. The approved fundraising comprises three components: fresh issuance of Non-Convertible Debentures (NCDs) up to… Continue reading Bajaj Auto Credit Gets Board Approval for ₹8,750 Crore Debt Fundraising Plan
Tata Motors Establishes Foundation for Corporate Social Responsibility Activities
Tata Motors Limited has incorporated a new subsidiary called Tata Motors Foundation, a not-for-profit company registered under Section 8 of the Companies Act, 2013. The company received its Certificate of Incorporation from the Central Registration Centre, Ministry of Corporate Affairs on July 17, 2025. The foundation has been established with an authorized share capital of… Continue reading Tata Motors Establishes Foundation for Corporate Social Responsibility Activities
Replacement Demand to Power 7-8% Growth in Tyre Sector: Crisil Ratings
India’s tyre industry is expected to post a steady 7-8% revenue growth in FY26, buoyed largely by the replacement market which accounts for nearly half of total sales, according to Crisil Ratings. The sector’s growth comes even as OEM demand remains tepid and exports stable amid rising trade risks. The replacement segment is projected to… Continue reading Replacement Demand to Power 7-8% Growth in Tyre Sector: Crisil Ratings
Ecoreco Expands E-Waste Recycling Capacity by 18,000 MTPA
Eco Recycling Limited (Ecoreco) has completed a capacity expansion of 18,000 metric tonnes per annum (MTPA) for e-waste recycling at its facility in Vasai, near Mumbai. The company has also established a dedicated 6,000 MTPA facility for processing lithium-ion batteries within a 40,000 square feet industrial complex. The expansion has been funded entirely through internal… Continue reading Ecoreco Expands E-Waste Recycling Capacity by 18,000 MTPA
Tata Motors rolls out 600,000th Punch 45 months after launch, sells 589,253 units
Launched on October 21, 2021, the Tata Punch compact SUV has registered its latest production landmark. On July 17, 2025, the 600,000th Punch rolled out of the company’s Pune plant – 44 months and 27 days – after the company had first produced its second compact SUV after the Nexon. Tata Motors had rolled… Continue reading Tata Motors rolls out 600,000th Punch 45 months after launch, sells 589,253 units
Uber inks six-year robotaxi deal with Lucid, invests $300 million in EV company
An autonomous robotaxi from Uber’s partnership with Lucid and autonomous vehicle startup, Nuro. Courtesy: Nick Twork | Lucid Uber on Thursday announced a partnership to deploy more than 20,000 robotaxis over the next six years as demand for driverless cars kicks into high gear. As part of the partnership, the ride-hailing company is teaming up… Continue reading Uber inks six-year robotaxi deal with Lucid, invests $300 million in EV company
Sweden’s Volvo Cars shakes up plans in the U.S. as tariffs bite
Volvo vehicles seen outside a Volvo dealership in Edmonton, AB, Canada, on February 02, 2025. Nurphoto | Nurphoto | Getty Images Shares of Sweden-based automaker Volvo Cars rose as much as 10% on Thursday as the company’s second-quarter operating profit beat analyst expectations despite a sharp year-on-year decline. Volvo Cars, which is owned by China’s… Continue reading Sweden’s Volvo Cars shakes up plans in the U.S. as tariffs bite
Elon Musk’s xAI permits challenged by NAACP, environmental groups in Memphis
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Opposition to xAI’s supercomputer facility in Memphis, Tennessee, intensified on Wednesday after environmental and civil rights groups filed to appeal a permit that allows the company to… Continue reading Elon Musk’s xAI permits challenged by NAACP, environmental groups in Memphis