World Bank Approves $1.5 Billion Loan to Boost India's Green Energy Drive

Tata Hitachi to prioritise localisation in FY25

Tata Hitachi Construction Machinery announced a Rs 200 crore investment in its manufacturing facilities to enhance quality, innovation, and localisation. The company, a joint venture between Tata and Japan's Hitachi, aims to increase localisation levels to 70% within the next two to three years, according to Managing Director Sandeep Singh.The investment will bolster operations at Tata Hitachi's plants in Kharagpur, West Bengal, and Dharwad, Karnataka. This initiative underscores their commitment to innovation and achieving self-reliance (Atmanirbharta) in manufacturing. Singh highlighted plan..

TAFE Motors, DEUTZ tie-up to grow internal combustion engine biz

TAFE Motors and Tractors, a subsidiary of TAFE, one of the world's top tractor manufacturers, has entered into a strategic partnership with DEUTZ AG, a leading German manufacturer of internal combustion engines. Under this agreement, TAFE Motors will produce up to 30,000 DEUTZ engines annually in the 50-75 hp and 75-100 hp ranges at its manufacturing facility in Alwar, Rajasthan.This collaboration aims to cater to growing demands in the Indian market and fulfill DEUTZ's requirements. TAFE Motors 'Alwar facility, known for producing diesel engines and gensets ranging from 5 to 125 kVA under bra..

Ashok Leyland Ventures into Vehicle Scrappage

Ashok Leyland, a leading truck and bus manufacturer, is set to launch its first-ever vehicle scrappage facility under a franchise model. The company has finalized an agreement with a Registered Vehicle Scrapping Facility (RVSF), placing it in a strategic position to advance its circular economy goals and reduce environmental impact, as highlighted in its FY24 annual report. In addition to this milestone, Ashok Leyland is developing a digital platform named Re.AL, aimed at facilitating the resale of used vehicles in compliance with the government-mandated vehicle scrappage policy. This initiati..