The Maharashtra government announced a reduction in VAT on diesel and petrol for the Mumbai and Navi Mumbai regions. Deputy Chief Minister Ajit Pawar, while presenting the state Budget for 2024-25, detailed the changes. VAT Reductions: – Diesel: VAT reduced from 24% to 21% – Petrol: VAT reduced from 26% to 25% This change will lower diesel prices by[Read More…]
Motul India manufacturer of premium engine and industrial lubricants, has launched the Motul Sehat Ki Samriddhi initiative. Aimed at improving primary healthcare access for auto mechanics, their families, and community members, the campaign starts with health camps in Varanasi, Lucknow, and Ludhiana on 25th June 2024. These are the first of many camps planned across 20 cities in India. In[Read More…]
Bridgestone India, a subsidiary of Bridgestone Corporation, Japan, organised a three-day sustainability campaign from 19th to 21st June, involving employees and local communities at its Pune and Indore plants. The campaign emphasised Bridgestone’s commitment to sustainability, aligning with the Bridgestone 3.0 Journey, which aims to deliver social and customer value as a sustainable solutions company. The event aimed to deeply[Read More…]
Driven by rising consumer expectations and regulatory requirements, measuring the utilization of sustainable materials and their associated carbon footprint data along the value chain has become increasingly essential. This goal demands close collaboration across the value chain and the availability of tools to enable traceability. Covestro, a materials manufacturer, has embraced this challenge by partnering with Alibaba Cloud, the digital[Read More…]
With continued dedication towards safe mobility and led by Vision Zero, technology company Continental has expanded the production of its Tyre Pressure Monitoring System (TPMS) for passenger cars at its Bangalore plant and inaugurated the same. This expansion comes as a response to the increasing market demand in India and targets to significantly enhance the production capacity. Launching with a[Read More…]
DAEWOO, the renowned Korean brand with a 50-year history and presence in 110 countries, is re-entering the Indian automotive market. Known for quality and innovation, DAEWOO introduces its advanced automotive batteries for cars, trucks, tractors, and buses, designed to meet the challenging demands of Indian roads and climates. These new batteries incorporate state-of-the-art technology for optimal performance and reliability. They[Read More…]
The Bureau of Indian Standards (BIS) has introduced two new standards, IS 18590: 2024 and IS 18606: 2024, aimed at enhancing the safety of electric vehicles in the L, M, and N categories. These standards focus on the critical component of electric vehicles—the powertrain—ensuring it meets stringent safety requirements. Additionally, they emphasize the safety and performance of batteries, ensuring they[Read More…]
JK Tyre & Industries has launched an advanced range of tyres tailored to meet the evolving needs of the transportation sector. This expansion includes four new variants: JETWAY JUM XM, JETWAY JUC XM, JETSTEEL JDC XD, and the revolutionary JETWAY JUXe for electric buses. This move highlights JK Tyre’s commitment to delivering high-performance, cost-effective, and environmentally responsible solutions. These new[Read More…]
Super Screws Pvt Ltd has announced a memorandum of understanding (MoU) with Mitsuchi Corporation of Japan to establish a joint venture aimed at manufacturing and selling special cold forged parts in India & Global Exports. This partnership marks an important step forward in enhancing engineering capabilities and expanding market reach for both companies. The new venture will set up a[Read More…]
To increase financial flexibility ZF Group is selling a 7.5 percent stake of its holding in ZF Commercial Vehicle Control Systems India Limited. ZF Group the automotive supplier, has sold a 7.5% stake in its Indian subsidiary, ZF Commercial Vehicle Control Systems India Limited. The sale of 1,425,000 shares to institutional investors aims to increase ZF Group’s liquidity and financial[Read More…]
