Domestic

Champion OEM Incentive Scheme

Champion OEM Incentive Scheme

In line with the Union Budget 2021-22 announcement of the PLI outlay, the government of India approved the scheme for the automobile industry. Ashish Bhatia visited the fine print to gauge the industry sentiment. In the Union Budget 2021-2022, under the Production Linked Incentive (PLI) scheme, Rs.1.97 Lakh crore was allocated for creating “global manufacturing champions” across 13 sectors including[Read More…]

by November 6, 2021 Domestic
Tata Steel pioneers the deployment of EV for transportation of finished steel

Tata Steel pioneers the deployment of EV for transportation of finished steel

As part of its sustainability initiative, Tata Steel has tied up with an Indian start-up to pursue its aspiration of deploying Electric Vehicles for its steel transport. This endeavour marks the first-ever deployment of Electric Vehicles by any steel producer in the country for transportation of finished steel. Tata Steel has contracted for 27 EVs, each with a carrying capacity 35[Read More…]

by July 30, 2021 News, smart transport
Agility and innovation

Agility and innovation

After an extraordinary FY2020-21, the CV industry is up for another extraordinary year it looks like. The second Covid-19 wave at the beginning of FY2021-22 has disrupted the acquired momentum. The macro economic indicators – the RBI’s original GDP growth forecast for FY2021-22 of 10.5 per cent as well as the Q1 FY2021-22 forecast of 26.2 per cent is unlikely[Read More…]

by July 27, 2021 Domestic, INDUSTRY TALK
Men of discipline

Men of discipline

The driver to the truck ratio in India is an estimated 750 to 1000. The scarcity of truck drivers is no secret. Of the estimated 20 lakh truck drivers in the country, a large number of them have risen from the ranks of spotters and cleaners. They are thus products of weak economic strata with little education to boast of.[Read More…]

by July 27, 2021 Domestic