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Daimler India CV achieves “best-ever sales” in 2023; MY24 BharatBenz trucks to drive growth in 2024

Daimler India CV achieves "best-ever sales" in 2023; MY24 BharatBenz trucks to drive growth in 2024 Daimler India Commercial Vehicles (DICV), the wholly-owned subsidiary of Daimler Truck AG  announced that in CY2023 it has achieved record sales and revenue performance. The company’s CY2023 domestic truck and bus sales grew by 39% and revenue grew by 21% over 2022. DICV’s bus volumes doubled in CY2023, growing 107% over 2022. Its cumulative...

Tata Cummins starts new facility for hydrogen-based engines in Jamshedpur

Tata Cummins starts new facility for hydrogen-based engines in Jamshedpur TCPL Green Energy Solutions Private Limited (TCPL GES), a wholly owned subsidiary of Tata Cummins Private Limited (TCPL), a 50:50 joint venture of Tata Motors Limited and Cummins Inc. USA, inaugurated a new state-of-the-art manufacturing facility in Jamshedpur to produce hydrogen-based Internal Combustion Engines (ICE) for medium and heavy commercial vehicles and other low to zero emission technology products. The factory...

Magicrete builds mass housing project in Ranchi using 3D Modular Precast Construction System

Magicrete builds mass housing project in Ranchi using 3D Modular Precast Construction System Magicrete, one of India's leading producers of AAC blocks, construction chemicals, and precast construction solutions, announces completion of "India's first" mass housing project in Ranchi utilizing the 3D Modular Precast Construction System. This project named Ranchi Light House Project, includes 1008 dwelling units, demonstrates cost parity with traditional construction methods while significantly reducing construction time by upto 40%....

Continental Tires expands retail presence in Bengaluru

Continental Tires expands retail presence in Bengaluru Continental Tires, one of the leading manufacturers of premium tyres, inaugurated Continental Elite Drive (CED) dealer store in Bengaluru. The store Cherry TYREPARK, located at the urban Bengaluru suburbs of Kammanahalli, has a diverse range of premium products, latest equipment, and technologies which include tyre-related services for wheel balancing & alignment, nitrogen filling and tyre change among others. Through CED store, Continental Tires...

Blue Energy Motors’ green trucks surpasses 1 crore kms on Indian highways

Blue Energy Motors' green trucks surpasses 1 crore kms on Indian highways Blue Energy Motors, a green truck manufacturing company, announces a significant milestone as its fleet of BEM trucks crosses the landmark of 1 crore kilometres on Indian roads in various customer applications. “While covering over 1 crore kilometres, Blue Energy Motors has effectively reduced over 3000 tonnes of CO2 emissions, which is equivalent to the environmental benefit provided by...

CM Shinde inaugurates Vile Parle Flyover

CM Shinde inaugurates Vile Parle Flyover Maharashtra Chief Minister Eknath Shinde on Saturday inaugurated the newly constructed Vile Parle Flyover on the Western Express Highway (WEH). The newly inaugurated 2-lane One-way Flyover constitutes a length of 790 m, including the length of the approaches, has been developed to ease the movement of traffic headed towards Bandra from the International Airport T2, thereby preventing traffic congestion on the WEH. Commenting on this,...

Domestic steel consumption could decelerate to 7-8% in FY2025: ICRA

Domestic steel consumption could decelerate to 7-8% in FY2025: ICRA Elevated input costs, import pressures, along with softer steel prices expected to sequentially pull down the steel industry’s operating profit margins by 110-115 basis points in FY2025 According to the rating agency ICRA’s latest research note, domestic steel consumption growth is expected to slow down to 7-8% in FY2025 (as against 12-13% in FY2024E), bucking the trend of the previous few...

Maharashtra CM hands over keys of 961 residential flats to Project Affected Persons

Maharashtra CM hands over keys of 961 residential flats to Project Affected Persons The Mumbai Metropolitan Region Development Authority (MMRDA) has allotted 961 residential flats to Project Affected Persons (PAPs) through the Airport Slum Rehabilitation Project at Kurla Premier Compound. Maharashtra Chief Minister Eknath Shinde facilitated the distribution of the keys and allotment letters to 10 PAPs on Tuesday. Commenting on the occasion, the Chief Minister said, “Every Project Affected Person...

ELGi Equipments Enters Strategic Partnership with D.V.P. Vacuum Technology for Indian Market Expansion

ELGi Equipments Enters Strategic Partnership with D.V.P. Vacuum Technology for Indian Market Expansion Leading air compressor manufacturer, ELGi Equipments, has inked a multi-year technology licensing agreement with Italy's D.V.P. Vacuum Technology S.p.A. The collaboration aims to manufacture, assemble, test, and sell D.V.P.'s proprietary vacuum products in India. This move allows ELGi to diversify its product portfolio and leverage D.V.P.'s renowned vacuum pump technology. In a statement, Dr. Jairam Varadaraj, Managing Director,...

CE Industry Boosts Localisation Through Supplier Collaborations

CE Industry Boosts Localisation Through Supplier Collaborations The CE Manufacturing and Supply Chain Summit, themed 'Towards Making CE Manufacturing Future-Ready,' served as a platform for industry stakeholders, policymakers, and thought leaders to discuss crucial topics, including technology and people-led transformation, modern and sustainable equipment, and a strong supply chain for local to global growth. The impact of the Construction Equipment industry, as it facilitates infrastructure development in the country,  is much...

India will be 3rd largest economy in my third term: PM Modi

India will be 3rd largest economy in my third term: PM Modi Prime Minister Narendra Modi assured that the country will emerge as the third largest economy in the world in coming years. “I guarantee you, India will emerge as the third largest economy in the world in my third term,” Modi said at the ET Now Global Business Summit organised by The Times Group in New Delhi. He adds, “You must...

Germany’s Eirich Group inaugurates new plant in Pune

Germany’s Eirich Group inaugurates new plant in Pune New plant will produce state-of-the-art machinery and equipment both for India and worldwide. Germany’s EIRICH Group, a global major in mixing and processing technology, today announced the inauguration of its new state-of-the-art manufacturing plant in Chakan Industrial Area, Pune. The new facility, a strategic addition to Eirich’s global footprint, will focus on manufacturing intensive mixers, associated plant equipment and control systems for both...

Continental Tires displays fusion of sustainability & strength in mobility solutions at Bharat Mobility Expo

Continental Tires displays fusion of sustainability & strength in mobility solutions at Bharat Mobility Expo Continental Tires held an exhibition of its latest tire technology and mobility solutions with a focus on safety, sustainability, and high performance at the Bharat Mobility Expo 2024 in New Delhi. The event witnessed various domestic and international stakeholders from the auto sector including customers, suppliers and distributors, businesses (B2B and B2C), investors, and other...

PM Modi to set vision for New India at Global Business Summit 2024

PM Modi to set vision for New India at Global Business Summit 2024 Prime Minister Narendra Modi will set his vision for a New India at the 8th Edition of The Times Group Global Business Summit (GBS) and will be complimented by other key Cabinet Ministers that will underscore that goal for the country, an official statement said. GBS 2024, one of the largest conclaves of its kind in Asia, is...

Tata Motors presents ‘Future of Mobility’ portfolio at Bharat Mobility Global Expo 2024

Tata Motors presents ‘Future of Mobility’ portfolio at Bharat Mobility Global Expo 2024 Tata Motors, India’s leading automobile and mobility company, is exhibiting an impressive array of present and future ready vehicles and solutions designed to revolutionise personal mobility, people mobility, and cargo transport at the Bharat Mobility Global Expo 2024 being held from 1-3 February at the Bharat Mandapam, New Delhi. Speaking about the Tata Motors commercial vehicles display at...
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Intertek opens its first EMC lab in India

Intertek opens its first EMC lab in India Intertek, a leading Total Quality Assurance provider to industries worldwide, has announced the launch of its first...
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