Chennai-based Ashok Leyland, which had previously approved an equity infusion of Rs 1,200 crore into its electric vehicle arm Optare in November last year, made a significant investment of Rs 662 crore during the quarter ending December 2023 (Q3 FY24). According to the company’s management, the remaining amount will be infused into one or more… Continue reading Following Rs 1,200 crore pledge, Ashok Leyland invests Rs 662 crore into EV arm
Category: US Motoring Press
Vedanta chairman Anil Agarwal outlines USD 4 billion investment plan to double oil production: PTI
Mining conglomerate Vedanta Ltd will invest USD 4 billion over the next three years to double oil production, its chairman Anil Agarwal said on Tuesday as he pushed ahead with an aggressive oil and gas expansion programme, PTI reported. Vedanta is targeting 300,000 barrels per day (15 million tonnes a year) oil output in 3… Continue reading Vedanta chairman Anil Agarwal outlines USD 4 billion investment plan to double oil production: PTI
With strong performance in first 9 months of FY24, Ashok Leyland poised to reach medium-term goals: Dheeraj Hinduja
With commercial vehicle giant Ashok Leyland surpassing the previous high of FY19 on most of the key parameters during the first nine months of FY24, the company’s top leadership says it’s making steady progress toward reaching its ambitious and medium-term goals. In an investor presentation on Tuesday, the management highlighted its growth journey. It recorded… Continue reading With strong performance in first 9 months of FY24, Ashok Leyland poised to reach medium-term goals: Dheeraj Hinduja
Yuma Energy achieves 10 million swaps in its first year of operations
Yuma Energy, a leading battery-as-a-service (BaaS) company formed as a joint venture between Yulu and Magna, marks its first anniversary with a milestone of completing 10 million lifetime battery swaps. Launched in February 2023 with a commitment to a sustainable future, the company currently employs over 500 people across five cities. Yuma’s swapping network facilitates 800,000… Continue reading Yuma Energy achieves 10 million swaps in its first year of operations
Yuma Energy achieves 10 million swaps in its first year of operations
Yuma Energy, a leading battery-as-a-service (BaaS) company formed as a joint venture between Yulu and Magna, marks its first anniversary with a milestone of completing 10 million lifetime battery swaps. Launched in February 2023 with a commitment to a sustainable future, the company currently employs over 500 people across five cities. Yuma’s swapping network facilitates 800,000… Continue reading Yuma Energy achieves 10 million swaps in its first year of operations
Yuma Energy achieves 10 million swaps in its first year of operations
Yuma Energy, a leading battery-as-a-service (BaaS) company formed as a joint venture between Yulu and Magna, marks its first anniversary with a milestone of completing 10 million lifetime battery swaps. Launched in February 2023 with a commitment to a sustainable future, the company currently employs over 500 people across five cities. Yuma’s swapping network facilitates 800,000… Continue reading Yuma Energy achieves 10 million swaps in its first year of operations
Slow road projects, Red Sea crisis could impact demand for road construction equipment
Road project awards by the Ministry of Road Transport and Highways (MoRTH) are slated to see a 40-43% on-year decline in FY24, and this has raised concerns for construction equipment companies such as Volvo CE India. Dimitrov Krishnan, Managing Director of Volvo CE India, said the decline could hamper project pipelines in the coming fiscal… Continue reading Slow road projects, Red Sea crisis could impact demand for road construction equipment
Maruti Suzuki extends NEXA experience to non-urban centres
Maruti Suzuki has launched compact-format NEXA Service workshops nationwide, aiming to offer the NEXA service experience to customers in non-urban areas. The first six centers are strategically located in Ateli (Haryana), Charkhi Dadri (Haryana), Bankura (West Bengal), Dahod (Gujarat), Nirmal (Telangana), and Ooty (Tamil Nadu). Hisashi Takeuchi, Managing Director & CEO of Maruti Suzuki India… Continue reading Maruti Suzuki extends NEXA experience to non-urban centres
PM Narendra Modi reviews India’s first indigenous Alkaline Electrolyser by BPCL at India Energy Week 2024
BPCL showcased the first indigenous alkaline electrolyser at the India Energy Week 2024 (IEW) in Goa, where Hon’ble Prime Minister Narendra Modi reviewed its operation. Alkaline water electrolysis, the process through which hydrogen is produced from alkaline water via electrolysis, marks a pivotal advancement in industrial-scale application. Developed collaboratively with BARC, the prototype demonstrates high cell… Continue reading PM Narendra Modi reviews India’s first indigenous Alkaline Electrolyser by BPCL at India Energy Week 2024
PM Narendra Modi reviews India’s first indigenous Alkaline Electrolyser by BPCL at India Energy Week 2024
BPCL showcased the first indigenous alkaline electrolyser at the India Energy Week 2024 (IEW) in Goa, where Hon’ble Prime Minister Narendra Modi reviewed its operation. Alkaline water electrolysis, the process through which hydrogen is produced from alkaline water via electrolysis, marks a pivotal advancement in industrial-scale application. Developed collaboratively with BARC, the prototype demonstrates high cell… Continue reading PM Narendra Modi reviews India’s first indigenous Alkaline Electrolyser by BPCL at India Energy Week 2024