Hero MotoCorp announced a further investment of Rs.84 core in Ather Energy. Team ACI Continuing to build on its series of new initiatives, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, today announced a further investment of Rs.84 crore (USD 11 million) in Ather Energy, taking up its shareholding in the Company to 34.58 per cent. Prior to[Read More…]
Press Release Castrol India Limited, India’s leading automotive lubricants company, today announced that Castrol lubricants will now be available at Jio-bp retail outlets across the country. This new channel offers Castrol enhanced visibility and reaches for its products and solutions. Castrol lubricants will be supplied to the joint venture’s fuel retailing network of 1,400 sites, which is expected to grow[Read More…]
Press Release Nippon Paint India, part of the NIPSEA Group, has launched a new range of industrial paints under the Protec brand. With this launch, Nippon Paint India is now expanding its presence in the industrial coatings segment. The Protec range of products includes Primers, Top Coats and Specialized Coating Products. Nippon Paint India expects the Protec portfolio to meet the requirements of the market and[Read More…]
Press Release Automotive technology e-portal from International Centre of Automotive Technology(ICAT) Department of Heavy Industry (DHI), Govt of India, under the leadership of Secretary, Heavy Industries, has embarked on a mission to promote innovation, R&D and product development in India for various sectors. A step towards this mission is the creation of technology platform e-portals where such technology development, information[Read More…]
Press Release Altair (Nasdaq: ALTR), a global technology company providing solutions in product development, high-performance computing (HPC), and data analytics, has released a new version of Altair Knowledge Studio that brings even greater speed, flexibility, and transparency to data modeling and predictive analytics. “As a powerful solution that can be used by data scientists and business analysts alike, Knowledge[Read More…]
Press Release Readies a global product portfolio of high-end bias and steel radial tyres Apollo Tyres is aiming for leadership in the premium two-wheeler segment in India, and service the global markets with high-end bias and steel radial tyres. The premium segment constitutes nearly 20% of the two-wheeler market in India and is the fastest growing one. This segment is[Read More…]
Press Release Ingersoll Rand, a global leader in mission-critical flow creation and industrial technologies has announced the launch of a new rotary screw compressor and small reciprocating compressor in India. The announcement comes as a part of the company’s larger plans of launching an extensive product portfolio in the year 2020~21 in India over the coming months. These products[Read More…]
Committed to the Government’s ‘Make in India’ vision, Hyundai Motor India Ltd. (HMIL) attained an export milestone. Exporting 5000 vehicles in May 2020, the company commenced production on May 08, 2020. Speaking about Hyundai’s export strategy, S S Kim, MD & CEO, Hyundai Motor India said, “In line with our global strategy, we have now exported more than three million[Read More…]
To recover from the economic slump, Maharashtra government is looking to attract Foreign Direct Investment (FDI) by unveiling ‘Maha Parwana’, a mega permission for new industrial units. To be active within 48 hours of application, this mega permission will help the industries to fast track their operations. An investor had to acquire at least 22 permissions to start operations in[Read More…]
With the purpose of facilitating its ‘Magnetic Maharashtra 2.0’ initiative, the Government of Maharashtra has signed 12 MoUs worth Rs.16,100 crore with foreign and Indian firms. Launched with the purpose of reviving the economy post Covid-19, this initiative kickstarted in the presence of Uddhav Thackeray, Chief Minister, Maharashtra, Subhash Desai, Minister for Industries, Government of Maharashtra, and senior bureaucrats of[Read More…]
