At a function organised in the parliament complex, prime minister Narendra Modi gifted two electric buses to the members of parliament. The electric buses were handed over to the Lok Sabha speaker Sumitra Mahajan in the presence of road transport and highways minister Nitin Gadkari. The buses have been developed by KPIT, Pune, in consultations with the Central Institute of[Read More…]

Petronas Lubricants International (PLI) has launched its lubricant blending plant in Maharashtra Industrial Development Corporation (MIDC) belt at Patalganga. With an investment of USD 50 million, PLI is looking to pitch itself as a serious contender in India’s lubricant market, estimated to be 2.5 billion litre strong. Built on 25 acres of industrial land, the plant is expected to commence[Read More…]

Tech Mahindra and Mahindra & Mahindra (M&M) have jointly entered into an agreement with Pincar S.r.l, to purchase a controlling stake in Pininfarina S.p.A, the Italian brand known for its automotive and industrial designs. The purchase of controlling stake will be carried out by a Joint Venture (JV) company. Tech Mahindra will hold the 60 per cent stake in the[Read More…]

With the odd-even rule restriction on passenger vehicle being tried out, Delhi Government is claimed to have initiated the registration process of 3,000 additional buses from private operators. The move is expected to increase strength of city buses from the current 6,000 numbers to 9,000 buses. The buses sourced from private operators are run under ‘DTC Paryavaran Bus Sewa’, and[Read More…]