India is seeking funds from World Bank and the Asian Development Bank (ADB) to procure electric buses in a bid to fuel its electric mobility plan. This, claim industry sources, was revealed by the union minister of road, transport and highways, Nitin Gadkari. Stating that the e-buses procured will be given to state road transport corporations, sources claim that the[Read More…]
With the acquisition of Erkunt Traktor Sanayii A.S. (Erkunt) and its foundry, Mahindra & Mahindra Ltd.(M&M) has increased its reach into the Turkish market. M&M’s association with Erkunt follows the Hisarlar acquisition in early 2017. Erkunt is the fourth largest tractor brand in Turkey, which is estimated to amount to 60,000 tractors per year. Claimed to be USD 1.7 billion[Read More…]
Chairing a meeting of the Transport Development Council (TDC), in Vadodara, union minister for road transport and highways, Nitin Gadkari, is known to have asked transport ministers of states to submit suggestions on tax and permit issues. Asserting that the people are willing to accept change, Gadkari has called for improved standards of buses plying in their respective states besides[Read More…]
MLR Auto and Continental Engines Pvt. Ltd. (Baxy Group) has signed an agreement with Greaves Cotton to develop a new generation of fuel agnostic power train solutions for the 3-wheeler segment. This would include passenger and cargo three-wheeler mobility solutions that meet BSVI emission norms using diesel, petrol, CNG and electricity. Greaves has been investing in technologies, and increasing its[Read More…]
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