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…]

The National Green Tribunal (NGT) has called for an ‘auto census’ to take stock of the number of vehicles on the streets of National Capital Region. NGT last month asked all areas under NCR, spread across three states, to submit the details on the number of vehicles registered in their jurisdictions. Local authorities in Delhi, Noida, Ghaziabad, Gurgaon, Faridabad and[Read More…]