After the rollout of GST back in 2017, the landmark one nation one tax continues to evolve. Prateek Pardeshi checks on the overhaul and compliances. Who can forget the rollout of Goods and Services Tax (GST) on July 01, 2017, flashing on screens nationwide at the stroke of midnight? Nearing the fifth anniversary, the ‘One Nation One Tax’ regime continues[Read More…]
Suzuki Motor, parent of automaker Maruti Suzuki, announced that it would invest Rs 10,440 crore to build a new electric car and battery factory in India. Maruti Suzuki is expecting to roll out affordable EV models in both Japan and India as early as 2025. The Japanese automaker intends to invest around Rs 3,000 crore for the new plant to[Read More…]
Stone Plant Investments B.V., an affiliate of Warburg Pincus has acquired a majority stake in Imperial Auto Industries Limited and its affiliated companies (“Imperial” or the “Group”). Imperial is a manufacturer of fluid transmission products (“FTP”) for automobile and off-highway sectors and was founded in 1969, The Group claims to generate revenues of approximately Rs. 2,200 crores, offers a diversified[Read More…]
In an upfront conversation, V.K. Misra, Technical Director, JK Tyre & Industries Ltd. spoke to Sumesh Soman on the tyre technology to watch out for. Q. How different are car radial sensors from truck and bus radials? A. Only the sensor size is smaller in the former. For trucks and cars, where the sensor size is similar, the mounting arrangements[Read More…]
Orissa-based EeVe India has its task cut out! It wants to become the best electric scooter company in the country. To realise its aspirations, the company is striving hard to increasingly localise its products as a ‘Made In India’ offering to click with buyers. A testimony to the efforts fructifying to a large extent is the new flagship scooter from[Read More…]
BorgWarner is expanding its efforts into hydrogen combustion and was recently awarded its first hydrogen injection system production program for an off-road application by a European construction equipment manufacturer. This quick-to-market technology supports CO2-free mobility and offers an appealing total cost of ownership due to optimized energy efficiency and payload capacity as well as short refuelling time. “This business win strengthens the[Read More…]
At the recent 2021 Greentech Foundation Awards ceremony in Chennai, India, Dana earned the award for its initiatives toward environmental protection. The team at the company’s Noida facility planted more than 10,000 trees in a neighbourhood and successfully implemented projects in waste and water reduction. The Delhi-based Greentech Foundation has been recognising achievements of both public and private sectors in[Read More…]
Hyderabad based BikeWo, an EV two-wheeler smart hub network in India, has announced a partnership with Tollywood actor Venkatesh Daggubati, as a part of the collaboration, Venkatesh Daggubati has now become a strategic investor in the company with an undisclosed amount of investment, and has also been appointed as BikeWo’s lead brand ambassador. Following this association, BikeWo will be looking[Read More…]
LML announced the appointment of Partha Choudhary as its Chief Operating Officer (COO). Choudhary holds a track record of driving transformative growth across geographies, joins the league with Yogesh Bhatia, the CEO and MD, LML, accompanying his strong vision to turn around the brand personality as well as the perception of EVs amongst users worldwide. In his previous stints, Partha[Read More…]
The Government’s intent to revamp the EV charging station network in Delhi was given a fillip with the entry of ETO Motors, the leading electric mobility solutions and services company. ETO Motors has joined hands with BSES and Tata Power DDL to set up around 2000-3000 EV charging stations in the next 2-3 years. ETO Motors has already set up[Read More…]
