Page 2 - Deepak Patel

AAI gets request to waive airport-airline cross-ownership restrictions

The Civil Aviation Ministry has not yet examined the waiver request, MoS Murlidhar Mohol told the Rajya Sabha amid debate over airport-airline cross-ownership

5% cut in cost of ownership can make electric trucks competitive: MHI

TCO refers to the cost of buying and operating a vehicle over its lifetime

Hyundai eyes 1 mn connected-car sales by 2027 amid rising tech adoption

Connected-vehicle penetration across Hyundai's portfolio has risen five-fold since 2019, with the automaker targeting cumulative sales of over 2 million by 2030

Hyundai Motor India targets 1 million connected-car sales by 2027

Hyundai Motor India expects connected-vehicle penetration to rise as customers seek greater safety and convenience, with sales targeted to cross 2 million by 2030

Hero MotoCorp sees 2W industry nearing double-digit volume growth in FY27

Strong demand after GST rate cuts is expected to support industry growth in FY27, while Hero ramps up capacity for Vida electric scooters, ICE scooters and Splendor

Demand strong despite macro challenges, says Akasa Air CEO Vinay Dube

Akasa Air sees resilient travel demand despite rising fuel and forex costs, while betting on new airports and long-term expansion

Maruti urges govt to launch amnesty scheme for past indirect tax disputes

CFO Arnab Roy calls for an "as-is" settlement mechanism or amnesty option to clear the historical litigation backlog and unlock trapped capital

Siam's E20 U-turn deepens debate over fuel quality and vehicle safety

The industry body first flagged chloride contamination and vehicle-part failures, but later withdrew its letter as India's ethanol policy became a wider political and commercial issue

Surprised by scale, length of tax litigation in India: BMW Group India CFO

Carsten Lammers says prolonged tax and customs disputes create uncertainty for global businesses, urging faster resolution, simpler tax laws and consistent policy implementation

Air India names ex-Ethiopian Airlines chief Tewolde Gebremariam CEO

Former Ethiopian Airlines Group chief Tewolde Gebremariam will succeed Campbell Wilson as Air India chief executive, leading the airline's next phase of expansion and transformation

SIAM seeks fresh extension for EV bus, truck localisation under PM E-DRIVE

The industry body has sought to defer localisation norms till April 1, 2027, saying China's export curbs on rare-earth magnets continue to disrupt supplies.

Auto firms comfortable with V2V rollout after longer implementation window

Carmakers say 2028 mandate gives time to prepare suppliers, contain cost impact

Airspace, supply chain issues will not derail IndiGo strategy: Willie Walsh

CEO Willie Walsh says the airline will press ahead with global expansion despite airspace and supply chain constraints

Willie Walsh assumes charge as IndiGo CEO, succeeds Pieter Elbers

Willie Walsh has assumed charge as IndiGo's chief executive officer after completing his tenure at IATA and will lead the airline's global expansion, operations and commercial strategy

Cost discipline remains core as IndiGo expands into premium travel

IndiGo says it will preserve its low-cost model as it expands into premium and long-haul flying, while urging a rethink of airport pricing at new hubs.

Quadruple import duty on truck tractors: MHI tells finance ministry

MHI says lower import duty is enabling dumping of foreign electric truck tractors in India

How reforms revved up India's auto industry over the past 35 years

The reforms of 1991 not only enhanced car buyers' choices but also helped put Indian manufacturing on the global map

Maruti Suzuki Q1 net falls 9% despite jump in sales, as costs rise

Higher commodity, energy and logistics costs, along with temporary supplier support measures, weighed on Maruti Suzuki's Q1 earnings despite record domestic sales and exports

Hyundai Motor India Q1 net profit falls 35% on exports hit, supplier fire

Automaker retains FY27 growth and margin guidance as it expects production to normalise after supplier disruption and export weakness caused by the West Asia conflict

MHI extends rare earth magnet manufacturing tender deadline for third time

Heavy Industries Ministry extends bid deadline to August 12 under the Rs 7,280-crore scheme to encourage domestic rare earth permanent magnet manufacturing