JK Tyre & Industries Ltd, a key player and market leader in the radial tyre segment in India, recently unveiled its 22nd brand shop in Tamil Nadu, signaling a significant expansion of its last-mile presence nationwide. The inauguration of Hindustan Tyres, a comprehensive one-stop solution brand shop, was presided over by Mr. Sanjeev Sharma, Vice President – Mobility Solutions &[Read More…]
Dana India exemplifies a distinguished approach towards pursuing Sustainable Development Goals (SDGs), particularly within the automotive sector. Under the leadership of Gajanan Gandhe, the Country Head and Vice President, Dana India has charted a clear roadmap towards sustainability, focusing notably on sustainable technology and emissions control. The company has invested significantly, totaling over half a billion dollars in the past[Read More…]
Milton was convicted in October 2022 for deceiving investors about the capabilities of Nikola’s hydrogen and electric truck technology, particularly the Nikola One prototype. Prosecutors argued that he had created a false image of the truck’s functionality through deceptive videos. The case came to light after Nikola went public in 2020, initially seen as a competitor to Tesla, leading to[Read More…]
Continental offered an affordable solution to enable fleets to manage their tyres digitally. The valve cap sensor was part of the company’s ‘Lowest Overall Driving Costs’ (LODC) concept. The sensor could be screwed directly onto the tyre valve of buses, trucks, or trailers and measured the tyre pressure in real-time. It was compatible with commercial vehicle tyres from all major[Read More…]
In November 2023, China exhibited robust economic performance in the tyre industry as it recorded a notable surge in exports. The country exported a substantial 52.35 million tyres during this period, reflecting an impressive year-on-year increase of 28.7 per cent. This growth was indicative of China’s continued strength in the global tyre market. Simultaneously, the value of these tyre exports[Read More…]
The Board of Directors of Jindal Stainless Limited (JSL) had given their consent for the purchase of a 100% stake in Rabirun Vinimay Pvt. Ltd. in December. RVPL was a company under liquidation. This information was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The cost of the acquisition was Rs 96 crore, according to[Read More…]
A global tech giant Infosys had announced a five-year collaboration with LKQ Europe, one of the leading distributors of automotive aftermarket parts for cars, commercial vans, and industrial vehicles in Europe. Following multiple strategic acquisitions, LKQ had envisioned a corporate program that entailed harmonizing business processes, improving product availability, and enabling faster delivery to end customers. Under this collaboration, Infosys[Read More…]
Bosch, a supplier of technology and services, realigned its Mobility Business to deliver regional growth and customer-centricity. Effective from January 01, 2024, , who was the Joint Managing Director of Bosch Limited and Executive Vice President – Sales, Mobility Solutions, Bosch India, steered the mobility business in India, in addition to his existing responsibilities. Sandeep, who was the Head of[Read More…]
The Defence Research and Development Organisation (DRDO) successfully conducted a flight trial of the Autonomous Flying Wing Technology Demonstrator, which was an indigenous high-speed flying-wing Unmanned Aerial Vehicle (UAV) from the Aeronautical Test Range in Chitradurga, Karnataka. The demonstration of this autonomous stealth UAV was a testament to the maturity of the technology readiness levels in the country. With this[Read More…]
Last month, the Union Ministry of Micro, Small, and Medium Enterprises (MSME) launched three sub-schemes under the RAMP programme. These sub-schemes were designed to support MSMEs in adopting green technology, promoting circular economy projects and addressing the problem of delayed payments. The first sub-scheme, MSME Green Investment and Financing for Transformation Scheme (MSE GIFT Scheme), provided interest subvention and credit[Read More…]
