Page 5 - Deepak Patel

Air India CEO Wilson summoned by MoCA over Phuket-Delhi flight incident

Campbell Wilson briefed senior government officials on the August 4 incident involving flight AI2379, which lost around 300 feet in altitude and injured 17 people

Govt expects auto PLI incentive disbursal to be more than 2x in FY27

Centre expects ₹4,700 crore in incentives against ₹2,322 crore paid in first two years

Govt extends PM E-DRIVE subsidy for e2Ws till FY28, allocates ₹1K cr more

Additional funding will extend incentives for electric two-wheelers until March 2028 as the government seeks to raise e2W penetration from the current 7.6 per cent to 9-10 per cent

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

BEA, Airbus to join AAIB probe into Air India Phuket-Delhi flight incident

The August 4 incident involving an Airbus A320 saw a sudden altitude loss of around 300 feet while cruising, leaving 13 passengers and four crew members injured

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