To support India’s journey to electrification, auto component makers will make investments of Rs 25,000 crore in 3-4 years to make components for the electric vehicle industry. This capital expenditure will be used for capacity building, technology and product enhancements, research and rating agency ICRA said on Tuesday. About 45-50% of this, would be towards […]
Day: April 24, 2024
Pavna Industries to supply ignition switches and latches to Ola Electric
Pavna Industries has announced that it has inked an agreement with Ola Electric to supply ignition switches and latches. This contract further consolidates the company’s foray into the two-wheeler electric vehicle segment. Under this agreement, Pavna Industries commits to providing high-quality ignition switches and latches to Ola Electric across its manufacturing plants in India. Commenting […]
Macquarie to invest $1.5 bn in EV leasing, charging infra
Macquarie Asset Management (MAM) on Monday launched Vertelo, a platform to provide end-to-end solutions in fleet electrification, and committed to invest $1.5 billion over 10 years in India. The company aims to accelerate the transition of fleets to EVs and build an ecosystem by offering leasing, financing, charging infrastructure, fleet management services and end of […]
Sona Comstar inaugurates new plant in Mexico to serve Northern America EV market
Sona Comstar has opened a new manufacturing unit in the Fipasi Industrial Park, Silao, Mexico. This strategic expansion aims towards meeting the growing demand for high-quality driveline solutions for Battery Electric Vehicles (BEVs) in North America. This facility in Mexico will be equipped with advanced manufacturing technologies, adhering to the highest quality and safety standards. […]
Record flyers, flights at Mumbai, Bengaluru airports in 2023-24, beat pre-Covid numbers
Finally, annual passenger traffic at the big city airports of Delhi, Mumbai, Bengaluru and Hyderabad has soared past the peaks attained before Covid struck and air travel went into a spiral. But when it comes to air traffic or the number of flights operated to and from an airport, only Mumbai and Bengaluru have managed […]
Mumbai- Ahmedabad Bullet Train Project: Ashwini Vaishnaw shares major insights on progress of India’s first bullet train – Here’s the latest
Union Railway Minister Ashwini Vaishnaw has confirmed the significant progress of India’s first bullet train, expected to commence operation on the Ahmedabad-Mumbai route by 2026. Over the span of six years, more than 290 km of track out of the total 508 km, including bridges over 8 rivers and construction of 12 stations, have been […]
Indian Railways’ Summer Rush: Over 41 crore passengers travelled by train in April, officials highlight strain on services
The Indian Railways on Monday (April 22) informed that over 41 crore people traveled by train until April 21, highlighting the strain on its operations and passenger services. “Indian Railways has carried 41.16 Crores passengers during April 1- 21. The last weekend — April 20 and 21 — witnessed 3.38 crores passengers taking train journeys […]
Regulator plans new tariff policy for petroleum product pipelines
After coming out with unified tariff for natural gas pipelines, the Petroleum and Natural Gas Regulatory Board is now seeking to revise the tariff policy for the product pipelines laid out by the state-owned oil marketing companies and private refiners, a member of the regulatory board, who did not wish to be identified told FE. […]
InterGlobe, CP Gurnani partner to launch AI venture, AIonOS
Rahul Bhatia-led diversified InterGlobe Enterprises has partnered with technology veteran C P Gurnani’s Assago to launch an artificial intelligence business venture AIonONS that will provide various solutions as well as look to partner with startups. InterGlobe has a significant presence in the travel, transportation, logistics, and hospitality (TTLH) segment, and the country’s largest airline IndiGo […]
Karnataka, Gujarat surpass Maharashtra for effective integration of green energy in power sector
MUMBAI: Karnataka and Gujarat have surpassed Maharashtra for effective integration of renewable energy sources in power sector, thereby showcasing strong strides in decarbonisation. Maharashtra, on the other hand, missed out to be a top performer due to “low share in renewable energy consumption” among other factors, revealed a latest report released on Tuesday by Institute […]
New guidelines of DGCA: Regulatory body mandates seats for children below 12 years near parents
In airlines, the Directorate General of Civil Aviation (DGCA) has implemented amendments to enhance child seating arrangements. Now, DGCA makes it mandatory for the airlines to provide seats to children under the age of 12 near to at least one of the parents or guardians. Also, airline companies are needed to maintain a record of […]
LinkedIn ranks Akasa Air as top 8th company for career growth, sole airline in the top tier
LinkedIn’s list of top 15 workplaces in India to grow your career has recognised airline company, Akasa Air, as the top eighth company with outstanding workplace environment and career growth opportunities. The rank has been given to the company in the midsize category, that is companies with fewer than 5,000 employees in India. Commenting on […]