Page 3 - Deepak Patel

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

SML Mahindra eyes new heavy trucks after M&M transfers CV business

Board approves Rs 525 crore acquisition of Mahindra Truck and Bus Division, bringing all commercial vehicle operations above 3.5 tonnes under one listed entity

MHI holds pre-bid meeting for final 10 GWh ACC battery PLI allocation

Final tranche under the ₹18,100-crore PLI scheme is reserved for grid-scale energy storage systems to support renewable energy integration

Have taken all steps to learn from Dec disruption: IndiGo's Rahul Bhatia

IndiGo says it has strengthened operations after last year's disruption as Rahul Bhatia outlines plans for global expansion and making India a major aviation hub

Honda 2W recalibrating EV strategy: President & CEO Tsutsumu Otani

CEO says company recalibrating its strategy around evolving customer expectations and market realities

Mounting paperwork, delays hurt ease of doing business for automakers

ARAI's forex proposal exposed wider industry concerns over the auto PLI scheme, with automakers seeking a simpler, faster certification and compliance process

Recycling certificate norm irks major lead-acid battery manufacturers

Battery makers urge the Centre to exempt self-recycled batteries from mandatory certificate purchases, warning the proposed trading platform could discourage recycling investments

Electric trucks next priority after e-2Ws, says PMO's Tarun Kapoor

Tarun Kapoor says Delhi's move to allow only electric two-wheelers from 2028 sends the right signal; Centre may consider more support for e-trucks if PM E-Drive gains momentum

Delhi plans electrification mandate for four-wheelers, jolts automakers

Delhi's EV Policy 2.0 proposes future electric car sales mandates and measures to discourage polluting vehicles, prompting concerns among automakers over production and technology choices

Domestic passenger vehicle sales rise 24.6% in June on strong rural demand

Passenger vehicle sales touched about 400,000 units in June, supported by tax relief, lower interest rates and robust rural demand, though higher crude oil prices remain a concern

ARAI drops two-rate foreign exchange proposal after industry pushback

ARAI has dropped its two-rate forex proposal for FY27 DVA calculations under the auto PLI scheme after automakers flagged audit, compliance and paperwork concerns

Delhi sets countdown for ICE 2W, 3W phaseout; new EV policy from July 1

Fresh registrations to stop over the next 2 years under new EV policy

Maruti partners five startups for AI, battery recycling solutions

The startups will work on end-of-life lithium-ion battery recycling, procurement automation, multilingual customer engagement, brand visibility and software development

Bee in the bonnet: Now, Siam objects to battery recycling rules

Battery recycling targets start after 8 years, but LFP batteries last longer

West Asia conflict may push Indian airlines' FY27 losses to ₹38K cr: ICRA

ICRA has raised its FY27 airline loss estimate to Rs 36,000-38,000 crore and cut traffic growth forecasts, citing higher ATF prices, a weaker rupee and lease costs

Air India may restore flights as West Asia situation improves: CEO

Wilson was referring to the network rationalisation Air India undertook because of the West Asia conflict, which started on February 28 when Israel and the US attacked Iran

Air taxi startups find healthcare as first launchpad ahead of wider rollout

Even before India's air taxi rules are finalised, hospitals and air ambulance operators are partnering with eVTOL startups to transform emergency care

Akasa Air retains 30-40% growth target despite headwinds: CFO Ankur Goel

The airline also aims to expand its passenger-handling capacity by more than 30 per cent year-on-year (Y-o-Y) in financial year 2027 (FY27)

Forex issues delaying PLI applications, Siam writes to govt again

Seeks use of average forex rate for DVA calculations

India-UK trade pact opens premium vehicle market, protects EV push

JLR says local manufacturing plans remain unchanged as India opens its premium vehicle market to British imports while protecting lower-cost EV segments