18 Apr 2024
MG Motor India aims to expand its presence in tier III and IV cities by establishing 100 new touchpoints by the fiscal year end. With plans to increase touchpoints to 520 across 270 cities by 2024-25, MG Motor embarks on its growth phase 'MG 2.0', focusing on production capacity enhancement and introducing new models.
15 Mar 2024
The Ministry of Road Transport and Highways (MoRTH) has approved funds totaling INR 699.19 crore for the upgrade of a section of National Highway 58 in Palanpur, Gujarat. This allocation will be utilized for enhancing the Khokhra Gujarat Border - Vijayanagar - Antarsuba - Mathasur road section of NH-58.
13 Mar 2024
These initiatives are part of a broader vision for the development of a progressive India, touching lives across more than 200 different locations.
13 Mar 2024
Frank Huang, chairman of PSMC, told ET that the first semiconductor chip from the new plant being set up by the Tata Group and Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) in Gujarat’s Dholera, will be ready to roll out by the end of 2026.
08 Mar 2024
GIFT City in India is taking steps to develop a Formula 1 motor racing circuit and hopes to host the Olympics in 2036. Six teams of renowned race track designers are competing to design the circuit, which could cost up to INR 10,000 crore.
25 Feb 2024
All 16 centres had been issued notices following the allegations and 15 of them now face licence suspension while police complaints could be filed against three that were found to be morphing vehicle images to make them look ‘fit’.
17 Feb 2024
Uttar Pradesh witnessed the highest number of three-wheelers sold in the quarter at 23,859 units, followed by Maharashtra (20,495), Gujarat (19,743) and Bihar (14,955). Similarly, in the two-wheeler category, Uttar Pradesh topped the list with a total of 6,73,962 units sold in the state, followed by Maharashtra (5,15,612), Madhya Pradesh (3,35,478) and Tamil Nadu (3,24,918).
08 Feb 2024
The solar power farm will be in Gujarat's Bharuch District and spread across 60 acres. The phase-wise commissioning of the solar power plant is set to begin as early as the next financial year starting April, it stated.
13 Jan 2024
According to state government estimates, the state will require USD20-25 billion of investments by 2030 to set up just 1 MMTPA of green hydrogen capacity. This initiative will include 8-10GW of installed capacity of electrolysers costing more than INR 45,000 crore and 20-30GW of insta lled renewable energy capacity.
11 Jan 2024
RC Bhargava, Chairman of Maruti Suzuki, explains that Maruti Suzuki has chosen Gujarat as the preferred state for expansion due to the established vendor base for car components and the potential for improved economies of scale and lower production costs. Additionally, the company aims to triple exports by the end of the decade, with Gujarat being a favorable location due to its proximity to a port. Bhargava also discusses the positive outlook for the Indian car market in 2024-2025.
11 Jan 2024
Vedanta made this gas and condensate discovery, named ‘Jaya’, in its block CB-ONHP-2017/2 in the Bharuch district of Gujarat in August 2021. This is the first field development plan submitted for any discovery in the 144 blocks awarded under open acreage licensing policy (OALP) to various companies, Vedanta said. Vedanta has exploration licenses for 51 OALP blocks.
11 Jan 2024
The industrialist characterised Modi's journey from Gujarat to the global stage in two decades as nothing short of a modern epic. Ambani lauded Prime Minister Narendra Modi's leadership, attributing Gujarat's transformation to his vision.
10 Jan 2024
"Given the business-friendly regulatory environment in GIFT City, OOIL (OVL Overseas IFSC Ltd) expects to efficiently consolidate funds available with the group in various countries and raise additional funds needed to achieve the ambitious target of producing 40 million tonnes of oil and oil equivalent (MMToe) by 2040 from overseas assets," the company said in a statement.
10 Jan 2024
The Adani Group's chairman, Gautam Adani, stated on Wednesday at the Vibrant Gujarat summit that the company plans to invest Rs 2 lakh crore ($24 billion) in the green and renewable energy sectors in the state of Gujarat over the course of the next five years. The Vibrant Gujarat summit kicked off on Wednesday.
10 Jan 2024
Tata Sons Chairman N. Chandrasekaran has announced that the company is close to completing a deal for a semiconductor fabrication unit in Gujarat's Dholera. The commissioning of the unit is expected to begin in 2024. "We are in the final stages of negotiations and plan to start work by 2024," said Chandrasekaran during a summit. He emphasized Tata's dedication to enhancing the technological infrastructure in the region.
07 Jan 2024
As reports surfaced about tech billionaire Elon Musk arriving in India next week to announce a Tesla manufacturing unit in Gujarat (although no official confirmation has come yet), the focus has once again shifted to ramp up the public infrastructure for electric vehicles (EVs) in the country in order to meet the ambitious 2030 goal of the government.
05 Jan 2024
Gujarat's industry minister, Balvantsinh Rajput, categorically said on Friday that high-level talks are going on for potential investment from Elon Musk-owned electric vehicle maker Tesla.
30 Dec 2023
The announcement by Musk to manufacture in India is likely to be made in the presence of Prime Minister Narendra Modi at the flagship event, although the government or Musk are yet to make this mega news official.
28 Dec 2023
In the Vibrant Gujarat Global Summit (VGGS) held in 2019, a Memorandum of Understanding (MoU) worth INR 3,000 crore was signed for a bio-refinery in the Dahej Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR), followed by a INR 7,000 crore MoU in 2022 for chemical manufacturing in Dahej, officials said.
07 Dec 2023
Maruti Suzuki will manufacture the EV in its Gujarat plant at Hansalpur. Maruti Suzuki Executive Director (Corporate Affairs) Rahul Bharti told reporters that it will be a high-specification SUV having 550 km range (on a single charge) and a 60-kilowatt-hour battery.