JBM ECOLIFE Mobility (P) Ltd has secured $100 million in long-term capital investment from the International Financial Corporation (IFC) to accelerate electric bus deployment across three Indian states. The funding will finance the purchase and operation of 1,455 modern, air-conditioned electric buses in Maharashtra, Assam, and Gujarat. The investment represents IFC’s first capital investment in… Continue reading JBM ECOLIFE Mobility Secures $100 Million Investment for Electric Bus Expansion
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Mahindra Steps In to Cushion Its Dealers From GST Cess Pain, Waits for Govt Clarity
As the auto industry stares at a ₹2,500 crore cess hit on festive stock, Mahindra & Mahindra’s CEO, Automotive Division and Executive Director of Mahindra Electric Automobile Ltd, Nalinikanth Gollagunta said the issue needs government intervention, after the company rolled out a GST-equivalent scheme and slowed billing towards the end of August to give dealers… Continue reading Mahindra Steps In to Cushion Its Dealers From GST Cess Pain, Waits for Govt Clarity
Mahindra Steps In to Cushion Its Dealers From GST Cess Pain, Waits for Govt Clarity
As the auto industry stares at a ₹2,500 crore cess hit on festive stock, Mahindra & Mahindra’s CEO, Automotive Division and Executive Director of Mahindra Electric Automobile Ltd, Nalinikanth Gollagunta said the issue needs government intervention, after the company rolled out a GST-equivalent scheme and slowed billing towards the end of August to give dealers… Continue reading Mahindra Steps In to Cushion Its Dealers From GST Cess Pain, Waits for Govt Clarity
ZF Friedrichshafen Appoints Mathias Miedreich as New CEO
German automotive technology giant ZF Friedrichshafen AG announced significant changes to its Board of Management on Wednesday, with current CEO Dr. Holger Klein stepping down by mutual agreement with the company’s Supervisory Board. Mathias Miedreich, who joined ZF’s Board of Management in January 2025 as head of the Electrified Powertrain Technology division, will assume the… Continue reading ZF Friedrichshafen Appoints Mathias Miedreich as New CEO
GST 2.0 to Drive Auto Industry Growth to 7%, Small Cars to Surge BY 10%: Maruti Suzuki’s Partho Banerjee
The Indian automotive industry is gearing up for a significant growth revival, with GST 2.0 set to act as a catalyst for demand revival across segments. The industry is poised to return to its earlier growth trajectory of around 7% CAGR by next year, while the small car segment could outpace the market with a… Continue reading GST 2.0 to Drive Auto Industry Growth to 7%, Small Cars to Surge BY 10%: Maruti Suzuki’s Partho Banerjee
GST 2.0 to Drive Auto Industry Growth to 7%, Small Cars to Surge BY 10%: Maruti Suzuki’s Partho Banerjee
The Indian automotive industry is gearing up for a significant growth revival, with GST 2.0 set to act as a catalyst for demand revival across segments. The industry is poised to return to its earlier growth trajectory of around 7% CAGR by next year, while the small car segment could outpace the market with a… Continue reading GST 2.0 to Drive Auto Industry Growth to 7%, Small Cars to Surge BY 10%: Maruti Suzuki’s Partho Banerjee
Government Eyes Lakhs of Jobs Through Enhanced Vehicle Scrapping Policy
Union Road Transport and Highways Minister Nitin Gadkari outlined the significant economic and environmental potential of India’s vehicle scrapping policy, revealing that the initiative could generate lakhs of jobs while substantially reducing metal imports and carbon emissions. Speaking at the 65th SIAM Convention, Gadkari presented comprehensive data on the Automated Testing Stations (ATS) and Registered… Continue reading Government Eyes Lakhs of Jobs Through Enhanced Vehicle Scrapping Policy
Government Eyes Lakhs of Jobs Through Enhanced Vehicle Scrapping Policy
Union Road Transport and Highways Minister Nitin Gadkari outlined the significant economic and environmental potential of India’s vehicle scrapping policy, revealing that the initiative could generate lakhs of jobs while substantially reducing metal imports and carbon emissions. Speaking at the 65th SIAM Convention, Gadkari presented comprehensive data on the Automated Testing Stations (ATS) and Registered… Continue reading Government Eyes Lakhs of Jobs Through Enhanced Vehicle Scrapping Policy
Magna Names Philip D. Fracassa Chief Financial Officer
Patrick McCann to step down after more than 26 years with Magna, including as CFO since 2022 Philip Fracassa joins Magna as CFO effective immediately after 20 years at The Timken Company (NYSE: TKR), where he held the CFO role for over a decade Magna looks forward to continuing to execute on its long-term strategy,… Continue reading Magna Names Philip D. Fracassa Chief Financial Officer
CHICAGO RIVER SWIM SET FOR HISTORIC RETURN SEPT. 21 AFTER ALMOST A CENTURY
City-approved open-water swim celebrates river revival, supports ALS research and youth swim education CHICAGO, Sept. 11, 2025 /PRNewswire/ — After nearly a century, open-water swimming is returning to the Chicago River. At 6:30am on Sunday, September 21, the City of Chicago–approved Chicago River Swim will bring hundreds of athletes to the downtown waterway, celebrating environmental progress and… Continue reading CHICAGO RIVER SWIM SET FOR HISTORIC RETURN SEPT. 21 AFTER ALMOST A CENTURY