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Ashok Leyland strengthens its footprint in green transport solutions Ashok Leyland, through its subsidiary Switch Mobility Ltd - the U.K. based EV producer of buses and vans, announced its global expansion plans into India and its plan to create two subsidiary companies. The first, Switch Mobility Automotive Ltd, is being formed to carry on the EV strategy in India, which forms part of its global entity. The second is OHM...

Eaton acquires 50% stake in China’s HuanYu High Tech Power management company Eaton announced it has completed the acquisition of a 50 percent stake in HuanYu High Tech, a subsidiary of HuanYu Group that manufactures and markets low-voltage circuit breakers and contactors in China, and throughout the Asia-Pacific region. “Our partnership with HuanYu Group represents an exciting opportunity for both companies,” said Howard Liu, president, Asia-Pacific Region, Electrical Sector and Corporate...

Siemens Energy appoints Nadja Haakansson as Managing Director for Africa Siemens Energy announces the appointment of Nadja Haakansson as Managing Director for Africa, effective April 1, 2021. As Managing Director for Africa, Haakansson will be based in Morocco, and is responsible for supporting Siemens Energy’s business across the continent, as well as developing opportunities to meet the challenges of the energy transition, while improving access to stable, affordable, and sustainable energy....

India plans 1,200 km e-highway on Delhi-Mumbai Expressway for electric vehicles The Indian government plans to construct a separate e-highway on the 1,300-kilometre-long Delhi-Mumbai Expressway where trucks and buses can run at a speed of 120 kilometres per hour. Replying to a query during Question Hour in Lok Sabha, Road Transport and Highway Minister Nitin Gadkari said, "We are trying to build 'e-highway' on the 1,300-km highway between Delhi and Mumbai."...

India plans 1,200 km e-highway on Delhi-Mumbai Expressway for electric vehicles The Indian government plans to construct a separate e-highway on the 1,300-kilometre-long Delhi-Mumbai Expressway where trucks and buses can run at a speed of 120 kilometres per hour. Replying to a query during Question Hour in Lok Sabha, Road Transport and Highway Minister Nitin Gadkari said, "We are trying to build 'e-highway' on the 1,300-km highway between Delhi and Mumbai."...

Radiance Renewables buys Azure Power's solar rooftop assets for Rs 536 Cr Radiance Renewables Pvt Ltd, a 100 per cent subsidiary of the Green Growth Equity Fund, a leading Climate fund managed by EverSource Capital, signed an agreement to acquire non-core solar rooftop portfolio of Azure Power Global Ltd for Rs 536 crore. Azure Power’s rooftop portfolio generated Rs 33.1 crore in EBITDA for the 12 months ending December 30, 2020....

Realtors plan precautionary measures at construction sites With daily surge in Covid-19 cases in Maharashtra, the State Government has imposed new guidelines with regards to the continuation of construction activity. Here are the guidelines: a) Construction to be allowed only for sites where labourer's are living on site. Movement to and fro from outside must be avoided, except for the purpose of material movements. b) Every one engaged in the activity to...

Freudenberg facilitates clean drinking water for over 500 students in Bangalore On March 22nd, the International World Water Day, Freudenberg celebrates availability of clean drinking water by donating an “Aqua Tower” to the school students and people living in the surrounding areas of Parikrma Humanity Foundation located at Sahakarnagar in Bangalore through the Planet Water Project 24 initiative. As in India, less than 50 percent of the population have access to...

Flipkart partners with Mahindra Logistics to accelerate electric vehicles deployment Flipkart, India’s homegrown e-commerce marketplace, today announced that it has partnered with Mahindra Logistics Limited (MLL) as one of its key logistics partners to help fast track deployment of electric vehicles across its logistics fleet in the country. Flipkart has committed to 100% electric mobility in its logistics fleet and will deploy more than 25,000 electric vehicles (EVs) by 2030. Mahindra...

Havells launches virus-safe switches Havells India, a technology-led Fast-Moving Electrical Goods (FMEG) and Consumer Durable company, today launched anti-viral and anti-bacterial switches with ViruzSafe technology under its Crabtree switches and electrical wiring devices portfolio. The anti-viral switch ranges comes at the starting consumer price of Rs 75 onwards. Considering the consumer centric health, safety and hygiene needs in mind, Crabtree has innovated the latest ViruzSafe technology. The new innovative switch ranges...

Bharat Road Network signs deal for sale of road project in UP Bharat Road Network Limited (BRNL), one of India’s leading road developers, along with its partners, has signed an agreement with Cube Highways, a portfolio company of I Squared Capital, for the complete transfer of ownership in an operating toll road project in Uttar Pradesh. BRNL currently holds 39% stake in this project. The Share Purchase Agreement provides for the...

Suzuki’s Gujarat Plant C in India Starts Operation Suzuki Motor Gujarat Private Limited (SMG), a 100% subsidiary of Suzuki Motor Corporation for the production of automobiles in India, has completed construction of the Plant C, and started production from April. Suzuki established SMG in March 2014, aiming to secure production ability in preparation for the automobile market growth in India, as well as for expansion of exports from India. The Plant...

NTPC delivers electrifying performance in FY21 NTPC, India's largest power generating company recorded its highest ever group generation of 314 BU in FY 21, a growth of 8.2% compared to previous year. On a standalone basis, NTPC generated 270.9 BU in FY21, an increase of 4.3% over the previous year.  NTPC group recorded highest ever single day generation of 1192.42 MU (Group) & 990.65 MU (NTPC). The coal plants registered a...

Danfoss Drives appoints Sujeeth Pai as Director - Sales & Service With a resolve to promote a robust regional management at Danfoss India, the company has moved Danfoss Drives Segment (DDS) Sales to a regional leadership framework to further enhance customer outreach & accessibility of top leadership and promote targeted innovation to address the unique needs of the Indian market. Accordingly, Sujeeth Pai has been appointed as the new Director of Sales...

Mercedes-Benz and Siemens announce partnership for sustainable automotive production Mercedes-Benz and Siemens plan to cooperate on advancing digitalization and automation in the automotive industry, supported by the State of Berlin. Mercedes-Benz AG aims to digitize its production processes. Siemens, a leading supplier in the field of automation, industrial software and smart infrastructure, will bring its expertise and technologies to the partnership to develop highly flexible, efficient and sustainable automotive production...