Honda Motorcycle & Scooter India (HMSI) on Friday said it is recalling a certain number of H'ness CB350 and CB350RS units to inspect and replace faulty parts. It has been identified that due to an improper process being followed to manufacture the rubber parts of rear stop light switch there are chances of crack development on the rubber, the two-wheeler maker said in a statement.
The official added that inter-ministerial discussions have happened on the customs duty concession demand of the US-based electric car maker Tesla, but "we never" come to any conclusion on those.
India's Russian oil imports rebounded in November after several plants came back online from planned maintenance and as fuel consumption rose during the Diwali festive season, preliminary data from ship-tracking firms Kpler and Vortexa showed.
This is despite the raw material (crude oil) cost surging last year, leading to heavy losses in the first half of 2022-23 fiscal year before easing rates propelled them to profitability.
Gujarat currently contributes 15% to India’s RE capacity and is one of the fastest growing renewable energy-producing regions. The state government announced a land allotment policy that offers benefits to companies investing in green hydrogen projects.
The company, which currently transacts 200 crores annually and operates in six states, is setting its sights on a fortyfold growth over the next five years.
The firm -- also known by its official name Hon Hai Precision Industry -- is the world's biggest contract electronics manufacturer and assembles devices for many companies, most notably Apple's iPhones.
India, already a signatory to the Montreal Protocol on reducing use of Hydro Fluoro Carbons (HFCs) and other coolants used in refrigeration and air conditioning, feels there is no requirement for yet another framework on the same. Similarly, the Coalition for High Ambition Multilevel Partnership (CHAMP) proposed for COP 28 has not enthused India much.
"We have raised under USD 2 million over a period of time, and we are looking to raise USD 5 million now because our primary interest is to invest in technology and people.
An India-EU Memorandum of Understanding (MoU) on semiconductors was signed on Friday, ahead of the Trade and Technology Council meeting in New Delhi.
"The file pertaining to the the Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme 2023 has been approved. The policy is likely to be notified soon," said an official.
Logistics company XpressBees has joined the Open Network for Digital Commerce (ONDC), allowing it to offer pan-India delivery services to over 2,800 cities and 20,000 pincodes. Through this collaboration, XpressBees aims to optimize its operations and become a key player in the e-commerce industry. This move is expected to catalyze e-commerce growth, strengthen ONDC's logistics network, and contribute to the digital economy, according to T Koshy, MD & CEO of ONDC.
“India is the place to be. The economy is firming up and showing solid transformation through growth. The second big trend that we can see is the relocation of manufacturing into India, which then actually serves the world. This requires additional warehousing and transportation capabilities,” Olivier Storch, deputy CEO, CEVA Logistics, told ET in an exclusive interaction.
Once approved, these changes in mining rules will allow companies to both explore a block and bid for it. "This will prompt large players to undertake exploration activity which so far has seen muted interest," said one of the officials, who did not wish to be identified.
"At Volvo, we have set target that by 2030, 50 per cent of our vehicles will be non-fossil fuel-based. They will be non-polluting. Balance 50 per cent will become non-zero emission by 2040," Volvo Group President and Managing Director in India Kamal Bali said.
ET first reported on April 25 that Kotak Mahindra Capital had been appointed to find buyers for the solar portfolio. "The prospective buyers are currently conducting due diligence on the solar assets and final bids are expected soon. These are good quality assets and have generated strong investor interest," said one person aware of the development.
Senior government officials in the know told ET that Tesla has sought provisional tariff concessions as a prerequisite for setting up a manufacturing facility in India, but New Delhi is not in favour of any company-specific exemptions.
With the Freight Tiger acquisition, Tata Motors will get a toehold in a fast expanding digital end of the trucking business at a rather modest investment. Besides Tata Motors, the existing investors of Freight Tiger include the venture capital arm of Eastern Pacific Shipping and Lightspeed India Partners.
The maiden public issue will open for subscription on November 21 and conclude on November 23 and the anchor book of the offer will be opened for a day on November 20, according to a public announcement.
Bharat Petroleum Corporation Limited (BPCL) is set to embark on an extensive expansion of its fuel retail network, aiming to add 14,273 new pumps. This substantial increase, representing nearly two-thirds growth, is part of BPCL's strategic efforts to bolster its presence in the rapidly expanding domestic fuel market.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Sonia Kathuria | Unlock to View | Unlock to View | Director | 16 Mar,2007 |
| Ranbir Singh Vasdev | Unlock to View | Unlock to View | Director | 28 Feb,1995 |
| Narinder Paul Kathuria | Unlock to View | Unlock to View | Director | 31 Mar,1992 |
| Parmeet Vasdev | Unlock to View | Unlock to View | Director | 01 Apr,1991 |
| Sanjeev Vasdev | Unlock to View | Unlock to View | Managing Director | 26 Oct,1989 |
A component is a part or element that make up a whole machine. In the automotive industry, a vehicle comprises of a number of different components, which when put together, makes up a whole vehicle. Following is the list of the important automotive components:-
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