Apex auto tester looks to accelerate to the green lane
Mint New Delhi|December 23, 2024
Automotive Research Association of India to focus on electric and hydrogen powertrains
Manas Pimpalkhare

India's primary vehicle research and testing body plans to expand facilities that are focused on so-called new energy vehicles, seeking to keep pace with the government's rapidly accelerating green mobility drive.

The Automotive Research Association of India (ARAI) will focus on electric and hydrogen-based powertrains or engines as well as research on vehicular emissions, according to two government officials, who declined to be identified.

"One of the two Chakan facilities will undergo capacity expansion... new facilities will be provided for the sector," one of them said.

Currently, ARAI operates from three locations in Pune, Maharashtra—one on Vetal Hill in the heart of the city, and two at Chakan on the city's outskirts. It also has a regional office in Chennai.

The auto testing and research body under the Union ministry of heavy industries saw its operational income in FY24 jump 20% year-on-year to cross ₹500 crore for the first time, driven by the government's robust policy push towards green mobility.

هذه القصة مأخوذة من طبعة December 23, 2024 من Mint New Delhi.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 23, 2024 من Mint New Delhi.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من MINT NEW DELHI مشاهدة الكل
Mint New Delhi

SC Stays Tax Notices of ₹1.5 tn to E-gaming Cos

The gaming companies and the revenue department both sought the stay

time-read
2 mins  |
January 11, 2025
Mint New Delhi

India to be testbed for green technology

The Global Energy Alliance for People and Planet (GEAPP) plans to use India as a testbed for new decarbonization technologies that would then be commercially operationalized in other developing countries.

time-read
2 mins  |
January 11, 2025
Mint New Delhi

Sebi May Help FPIs Get a Taste for Gilts

For FPIs investing only in govt funds, Sebi would only ask for data which other authorities require for registration

time-read
1 min  |
January 11, 2025
Mint New Delhi

Vedanta gets $300 mn in loans to refinance debt

Vedanta Resources—the parent firm of Mumbai-based mining conglomerate Vedanta Ltd—on Friday said it has secured $300 million in loans from a clutch of leading global banks such as Barclays and First Abu Dhabi Bank for refinancing its 2024 and 2026 bonds.

time-read
1 min  |
January 11, 2025
Mint New Delhi

Rupee hits new record low, slips to 85.97/USD

The rupee slipped to its all-time low on Friday as the dollar stood firm ahead of closely watched US labour market data, keeping regional currencies on the defensive.

time-read
1 min  |
January 11, 2025
Mint New Delhi

Reits, Invits, Muni bonds could surpass equity, debt

In the last nine months, ₹3.3 tn has been raised in equity, and it is expected to reach a total of ₹4.3 tn by year-end

time-read
2 mins  |
January 11, 2025
Mint New Delhi

Trump Gets No Jail Time Or Probation In Hush Money Case

Trump Emerges From The Case Without Any Probation, Fine, Or Continued Responsibility To The Court

time-read
2 mins  |
January 11, 2025
Mint New Delhi

Industrial Output Surges to a 6-Month High of 5.2% in Nov

Despite the Nov rebound, industrial output growth for the Apr-Nov period stood at 4.1%

time-read
2 mins  |
January 11, 2025
Mint New Delhi

Infy says exec stalled suite before Cognizant switch

Infosys accused Cognizant of six counts of not just hurting potential revenue but also anti-competitive practices

time-read
1 min  |
January 11, 2025
Mint New Delhi

Global Occupiers Drive Office Space Boom

India, while GCC—the offshore units of global companies—accounted for another 31% of the transactions.

time-read
1 min  |
January 11, 2025