HS Hyosung Advanced Materials has announced plans to establish its first polyester tire-cord plant in India, setting up a new subsidiary, HS Hyosung India Private Ltd., in Nagpur, Maharashtra. The company is investing US$30 million (around €26 million) in the facility. European Rubber Journal Hyosung has secured a 230,000 sq m plot in the Nagpur…
Noida and Ghaziabad authorities have announced a sweeping clean-transport policy: from 1 January 2026, all commercial fleet vehicles in these districts must run exclusively on CNG or electricity. The mandate covers a broad set of operators, including taxis, auto-rickshaws, delivery services, school vans, and ride-hailing platforms such as Ola and Uber. MillenniumPost Under the new…
Only about 13% of electric vehicle (EV) models made in India currently qualify for the government’s PLI (Production-Linked Incentive) scheme, exposing a deep reliance on imported parts, especially from China. The Economic Times According to reports, just 6 out of 46 EV models sold in India meet the domestic value-addition (DVA) requirements set by the…
Mahindra & Mahindra unveiled a trio of alternate-fuel tractors at Agrovision 2025 in Nagpur, marking a major push toward more sustainable farming. The Economic Times The showcased models include: All these technologies have been developed at Mahindra’s Research Valley in Chennai. Speaking at the event, Veejay Nakra, President of Mahindra’s Farm Equipment Business, emphasized the…
Bridgestone has launched a new ultra-high-performance tyre: the Potenza Sport EVO with ENLITEN Technology. Bridgestone EMEA Newsroom Building on the award-winning Potenza Sport, this upgraded version offers better sports performance, tighter high-speed stability, and improved control during cornering. In wet conditions, the EVO achieves an EU label A grade for grip and delivers a braking…
The Supreme Court on Thursday said it may be time for the government to re-evaluate the National Electric Mobility Mission Plan (NEMMP), 2020, in light of slow progress, urging fresh thinking to accelerate EV adoption. The Law Advice During a hearing of a public interest litigation on e-mobility implementation, a two-judge bench (Justices Surya Kant…
At the China International Import Expo (CIIE), Volkswagen Group showcased a bold local strategy to deepen its electric vehicle-tech capabilities in China. The automaker displayed eight next–generation connected vehicles, including five electric models, while reinforcing its “In China, for China” vision. Yicai Global A big part of VW’s plan is its joint venture with Horizon…
The Odisha government convened a high-level stakeholder consultation to finalize its upcoming EV Policy 2.0, intensifying its push toward green mobility. The meeting, led by the Commerce & Transport and Energy Departments, was chaired by Principal Secretaries Usha Padhee and Vishal Kumar Dev. Pragativadi Officials set an ambitious target: by 2036, at least 50 percent…
Apollo Tyres Ltd reported its consolidated profit after tax slipped 13 % year-on-year to ₹258 crore for the quarter ended September, as the company booked a sizable provision of ₹176 crore for restructuring its Netherlands-based plant. The Economic Times Revenue from operations rose to ₹6,831 crore from ₹6,437 crore in the same quarter a year…
MRF Ltd reported a solid improvement in earnings for the quarter ended 30 September, supported by stronger demand for automobile tyres and steady growth in the OEM segment. The company posted a net profit of ₹5.12 billion, up from ₹4.55 billion a year earlier, marking a clear MRF quarterly profit rise this season. Revenue from…
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