CEAT’s $225 Mn Power Move: Taking Over Camso’s Off-Highway Tyres and Tracks Business from Michelin
CEAT, an RPG Group company, has entered into a definitive agreement with Michelin to acquire the Camso brand’s Off-Highway construction equipment bias tyre and tracks business in an all-cash deal valued at approximately $225 million. The transaction includes the Camso business, which generated revenues of $213 million in 2023, along with two advanced manufacturing facilities […]
Amara Raja Infra Establishes India’s First Green Hydrogen Fuelling Station in Leh
Amara Raja Infra, part of the $2 billion Amara Raja Group, has successfully established India’s first green hydrogen fuelling station in Leh, Ladakh, for NTPC Ltd. This landmark project supports emission-free transport in the region and represents a major stride in advancing India’s green mobility initiatives under the National Hydrogen Energy Mission. Key Highlights Project […]
Motul India and Zypp Electric Launch Nationwide EV Mechanic Training Program
Motul India and Zypp Electric introduce a groundbreaking initiative to equip mechanics with the skills needed to maintain and repair electric two-wheelers. The program targets the certification of over 10,000 mechanics across India, addressing the growing demand for specialized expertise in the electric vehicle (EV) sector. The program officially began with a two-day pilot training […]
JSW One expands private brand portfolio with the launch of JSW One Concrete
Focuses on quality, on-time-in-full (OTIF) delivery to meet industry demands JSW One Platforms, the B2B e-commerce arm of the JSW Group, has launched JSW One Concrete, a ready-mix concrete solution tailored to address the growing needs of the construction sector. This addition strengthens JSW One’s private brand portfolio and underscores its focus on addressing challenges […]
JCB Opens New Construction Equipment Dealership In Hosur
JCB India Limited has announced the opening of the latest branch of its dealership, TRR Automotive, in Hosur, Krishnagiri district. Offering JCB India’s complete product portfolio, the state-of-the-art facility is designed to deliver technologically advanced construction and earthmoving equipment solutions to customers in the region. Spanning 13,500 sq. ft., the new JCB TRR Automotive branch […]
Zoomlion Sets New Benchmarks at bauma CHINA 2024
Zoomlion Heavy Industry Science & Technology Co., Ltd. a global frontrunner in construction machinery, has unveiled its largest and most ambitious exhibition to date at bauma CHINA 2024. Taking place from November 26 to 29 in Shanghai, the showcase revolves around the theme “Greener Development, Brighter Future,” spotlighting over 70 cutting-edge products and solutions that […]
Tractor Sales Expected to Rise 8-10% During Festive Season: Escorts Kubota CFO
Tractor sales during this year’s festive season, spanning September to November, are projected to grow by 8-10%, driven by improved market sentiment following a good monsoon, according to Bharat Madan, Whole-Time Director and CFO of Escorts Kubota Ltd. Speaking to PTI, Madan noted that after a subdued first half of the fiscal year, the tractor […]
Mitsubishi Shipbuilding Launches LNG-Powered RO/RO Ship TRANS HARMONY EMERALD
Mitsubishi Shipbuilding, part of the Mitsubishi Heavy Industries (MHI) Group, recently christened and launched the TRANS HARMONY EMERALD, an LNG-powered roll-on/roll-off (RO/RO) vessel built for Toyofuji Shipping Co., Ltd. The ceremony took place at the Enoura Plant of MHI’s Shimonoseki Shipyard in Yamaguchi Prefecture. The ship will be delivered in June 2025 after outfitting and […]
Azad Engineering Secures ₹700 Cr Deal with Mitsubishi Heavy Industries
Azad Engineering has signed a Long-Term Contract and Price Agreement (LTCPA) with Mitsubishi Heavy Industries (MHI), Japan. The partnership involves supplying advanced rotating and stationary airfoils for gas and thermal power turbine engines, catering to MHI’s global power generation requirements. Valued at approximately $82.89 million (₹700 crore), this agreement marks a significant milestone in strengthening […]
Heavy Industries Ministry Revisits E-Truck Subsidy Plan, Advocates Domestic Production
In New Delhi, the Ministry of Heavy Industries convened a meeting to fine-tune its ₹500 crore e-truck subsidy under the PM E-drive scheme. The agenda included finalizing per-vehicle support and setting two-year rollout goals for e-trucks. Kamran Rizvi, Secretary of the Ministry, emphasized the importance of ramping up domestic production to reduce reliance on imports. […]