PUNJAB AUTOMOBILES (INDIA) PVT LTD

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PUNJAB AUTOMOBILES (INDIA) PVT LTD in News

02 Oct 2023

Engineers to be held accountable, face action for any pothole on highways: Govt

The government aims to cover the entire national highway network under a perpetual maintenance contract to streamline the process and reduce delays. The initiative is urgent due to the high number of road accidents caused by potholes in 2021. The government also plans to involve engineering students in detecting potholes and identifying maintenance deficiencies.

25 Sep 2023

India's Jammu and Kashmir lithium reserves pique overseas interest

The federally administered region of Jammu and Kashmir in India is planning to auction its lithium reserves in the coming weeks, according to a government source. This move comes as India seeks to secure supplies of lithium, a vital component for electric vehicle batteries. Discussions with the Chilean government were also underway to secure lithium block.

23 Sep 2023

Two significant semiconductor proposals under process, says Union Min Ashwini Vaishnaw

Two major semiconductor projects are currently in the works in Sanand, according to India's Union Minister, Ashwini Vaishnaw. Although he did not provide details about the proposals, he mentioned that they will focus on a specific area where India has the potential to become a global leader. Vaishnaw also highlighted the progress India has made in the semiconductor segment, making it an attractive destination for global industry players.

18 Sep 2023

SIDBI offers 100% funding for MSMEs’ green and clean projects

Ashwani Dhingra, Zonal Head, Central Bank of India, said, “This year, we aim 61% growth in MSME credit at our Mumbai and Goa Zone from INR 6,577 crore as of March 2023 to INR 10,618 crore by March 2024. Credit growth to MSMEs is expected to outperform overall credit to industry this year in Mumbai and Goa Zone, which is our largest zone in India. Consequently, the share of MSMEs in the overall credit outstanding in this zone is targeted to grow from 12% as of March 2023 to 15% by March 2024.”

18 Sep 2023

India's entry-level bike buyers unlikely to return soon, says Bajaj Auto MD

Bajaj Auto's managing director, Rajiv Bajaj, stated that the entry-level customers are unlikely to return in the near future, indicating a lackluster festive season for traditional fuel-based motorcycles as buyers consider electric alternatives. Bajaj attributed this trend to the impact of the COVID pandemic, job losses, and rising petrol prices on lower-income households.

18 Sep 2023

India's NTPC mining arm to explore battery minerals overseas

"We are keen to diversify into critical minerals, specifically lithium, nickel and cobalt," one of the sources in the company said. The sources did not specify which countries India will be talking to, to explore battery minerals sourcing.

17 Sep 2023

Diesel sales fall in September, petrol consumption up

Preliminary figures from state-owned enterprises show that diesel sales in India decreased for the second month in a row in September, as rains reduced demand and halted industrial activity in several parts of the nation. While diesel sales declined year on year in the first half of September at three state-owned fuel outlets, petrol sales increased slightly.

15 Sep 2023

India, Mongolia review oil refinery project

The two sides also exchanged views on regional and international issues of mutual interest, the statement said. The refinery is expected to lessen Mongolia's dependency on oil imports from Russia. Once completed, this refinery will be able to process 30,000 barrels of crude oil per day or 1.5 million tonnes annually and help the country meet its needs for petroleum products such as gasoline, diesel, aviation fuel, and liquefied petroleum gas.

04 Sep 2023

Share of Russia crude in oil imports falls to 34% in August

Supplies from Russia fell 23% month-on-month to 1.47 million barrels per day (mbd) in August, even as India's overall crude imports fell 5% to 4.35 mbd, according to energy cargo tracker Vortexa. Russia's seaborne crude exports to China, however, increased to 1.4 mbd in August from 1.3 mbd in July.

03 Sep 2023

Why Tamil Nadu is all charged up on EVs

Being the home for several traditional auto manufacturing players and component manufacturers, Tamil Nadu is also the hotbed for innovation in the electronics space and boasts some of the biggest players in the ecosystem.

30 Aug 2023

Delhi Police launches help desk to assist G20 delegates, tourists get real-time traffic updates

According to police, the entire area of the New Delhi district will be considered as "Controlled Zone-I" from 5 am on September 8 to 11.59 pm on September 10. However, bonafide residents, authorised vehicles and emergency vehicles will be allowed to travel on the road network of the New Delhi district. India is hosting the G20 Summit and the main event will be held in New Delhi on September 9-10.

30 Aug 2023

India to start lithium, other critical mineral blocks auction in next four months

India is preparing to start the auction process for some 100 critical mineral blocks in the next four months, as part of plans to secure domestic supplies of the raw materials needed to fuel the green energy transition. The blocks are for minerals including nickel, lithium, cobalt and platinum, along with rare earths, Mines Secretary Vivek Bharadwaj said in an interview in New Delhi.

28 Aug 2023

Kia introduces sunroof in Sonet G1.2 HTK+ at INR 9.76 lakh

The integration of an electric sunroof into the Sonet Smartstream G1.2 HTK+ perfectly aligns with the surging demand for this desirable feature, increasingly influencing the car-buying decisions of modern consumers, the company said.

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