BMW India to hike car prices up to 2 pc from Jan 1
BMW India sells a range of luxury vehicles, starting from the BMW 220i M Sport to the BMW XM, priced between INR 43.5 lakh and INR 2.6 crore.
Fortune Auto Sale (india) Private Limited
Company limited by Shares (4)Fortune Auto Sale (india) Private Limited Overview
INDIA HO
AhmedabadCIN
U50200GJ2009PTC056596TYPE
PrivateCATEGORY
Company limited by SharesSUB-CATEGORY
Non-govt companyWEBSITE
FOUNDED
13 Apr,2009PAID-UP CAPITAL
800,000AUTHORISED CAPITAL
800,000Fortune Auto Sale (india) Private Limited in News
India's copper demand to outstrip global growth, domestic sector to remain stable: ICRA
This growth is attributed to the government's focus on infrastructure development and a shift towards renewable energy. ICRA anticipates copper prices to stay within the range of about 8200-8300/tonne in the near term, maintaining a stable outlook for the domestic copper industry.
Carbon tax turns into climate fight at COP28
The European Union's plan to impose a tax on the carbon pollution emitted to make goods imported from countries like India and China has sparked a debate at the United Nations climate conference in Dubai, as poorer countries argue that the tax will harm livelihoods and economic growth.
Drone player Aeroarc ties up with US robotics co
The JV with Philadelphia-based Ghost Robotics, which is a supplier to US Army, will make all-terrain robots in India and produce robotics for both the domestic and international markets. Aeroarc has also secured funding from ACSL, Japan’s largest drone manufacturer, which is investing in expanding India’s supply chain for robotics and unmanned systems.
Ola Electric IPO to be first by auto company in 20 years
Ola Electric is set to launch its IPO, making it the first auto maker in India to do so in over two decades. With an expected size of around INR 8,500 crore, it will be one of the top 15 IPOs in India. Ola Electric is also poised to become the first pure play electric vehicle manufacturer to list on the Indian stock exchanges. The IPO will include fresh equity and offers for sale by existing investors, including Temasek and SoftBank. The funds raised will be used to accelerate the development of an EV manufacturing unit.
How OPEC+ saw its hold on global oil markets fray despite extra production cuts
Crude traders have shrugged off the Nov. 30 pledge from Saudi Arabia and its allies to slash supplies by a further 900,000 barrels a day, remaining skeptical of its implementation. Despite the group’s multiple attempts to shore up sentiment in the past week, prices have crashed 11% to a five-month low.
Need to generate demand, setup holistic ecosystem for EV growth: Sulajja Firodia Motwani
Speaking at a Ficci event here, Motwani emphasised the need to make EV prices attractive for consumers, and recognise the importance of putting in place a holistic EV ecosystem, including batteries, cells, minerals, and charging stations.
India poised to become global economic powerhouse, aiming for USD 35 trillion economy by 2047: Goyal
"The Bharat of today will indeed be the world’s growth engine and collectively India is going to be powering the world economy for several decades to come. Our mission is clear to make India a developed nation with a 10x growth to become a $35 trillion economy by 2047."
Renewable energy capacity to reach 170 GW by March 2025 on moderation in module prices: Icra analyst
India is expected to add 38 gigawatts (GW) of renewable energy capacity by March 2025, reaching a total of 170 GW, according to an analyst from ICRA. The forecast is supported by policy backing and a decline in solar module prices. The capacity addition is likely to be aided by an increase in tendering activity, with over 16 GW of projects bid out so far and another 17 GW bids underway by central nodal agencies.
India working to prevent disruption of ethanol supplies for gasoline blending
The government will now rely on maize for ethanol production to meet gasoline blending goals, Food Secretary Sanjeev Chopra told a media briefing, adding that schemes are being worked out to boost production of maize.
Will address EU’s carbon tax, retaliate if needed: Piyush Goyal
Under the EU’s Carbon Border Adjustment Mechanism (CBAM), non-EU steel producers are required to report direct and indirect emissions. The monitoring of such products began October 1.
India curbs use of sugar for ethanol in 2023-24
The central government on Thursday banned diversion of sugar for ethanol manufacturing with immediate effect in ethanol supply year 2022-23. However, the supply of ethanol from existing offers received by the Oil Marketing Companies (OMCs) from B Heavy molasses will continue, it said.
Kia India introduces K-Charge featuring over 1000 charging stations of 5 operator
In one of the industry-first moves, Kia is extending access to this charging network, in collaboration with five charging point operators, to non-Kia customers, providing valuable assistance to Indian EV users in overcoming range anxiety, the company said.
'Contentious' COP28 draft moots end to fossil fuel use
The UN climate conference (COP28) negotiating team released an ambitious draft text calling for a global stocktake, tripling renewable energy capacity, and phasing out fossil fuels. India's concept of Mission LiFE, focused on sustainable lifestyle and consumption, is included. The draft text acknowledges the need for transitioning to sustainable lifestyles and circular economy approaches. The COP28 aims to conclude the first-ever global report card on climate actions, which will guide future pledges in 2025.
CO2 emissions may hit record level this year
Despite record growth in clean energy, global carbon dioxide (CO2) emissions from fossil fuels are projected to increase by 1.1% this year, reaching a record level of 36.8 billion tonnes. The increase is mainly driven by China and to a smaller degree by India, which still has development needs to overcome. A Global Carbon Budget report states that there is a 50% chance of global warming exceeding the 1.5 degree Celsius threshold set by the Paris Agreement in about seven years.
FICCI submits proposal for continuation of demand incentives for EVs under FAME III
Sudden withdrawal or discontinuation of upfront price incentives will lead to up to 25 per cent price increase of EVs and this may derail EV adoption momentum substantially, also impacting further investments in the EV sector, and disrupting gains made so far, noted FICCI.
India to become USD 5 tn economy early in Amrit Kaal: FinMin
India aims to become an advanced economy by 2047 and achieve a USD 5 trillion economy milestone. The International Monetary Fund (IMF) projects that India will reach this milestone by 2027-28. Minister Pankaj Chaudhary emphasized the importance of a robust rupee and macroeconomic stability in reaching the target. The government's policy interventions, including the Insolvency and Bankruptcy Code (IBC), Goods and Services Tax (GST), and increased capital expenditure, have contributed to boosting India's GDP.
Govt's green hydrogen push to cut fossil fuel imports by INR 1 trillion
India has launched the National Green Hydrogen Mission, which was approved by the Union Cabinet in January 2022, with the objective of making the country a leading producer and supplier of the green fuel.
India needs USD 101 bn additional financing for net-zero pathway: Report
Science has made it clear that emissions from coal power -- the dirtiest fossil fuel -- are the single largest contributor to the climate crisis.
HMSI recalls H'ness CB350, CB350RS to replace faulty parts
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.
Directors of Fortune Auto Sale (india) Private Limited
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Dilipkumar Prahladbhai Parekh | Unlock to View | Unlock to View | Additional Director | 10 Oct,2012 |
| Bharatkumar Ranchodlal Patel | Unlock to View | Unlock to View | Director | 13 Apr,2009 |
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