TAFE Motors, DEUTZ tie-up to grow internal combustion engine biz
TAFE Motors and Tractors, a subsidiary of TAFE, one of the world's top tractor manufacturers, has entered into a strategic partnership with DEUTZ AG, a leading German manufacturer of internal combustion engines. Under this agreement, TAFE Motors will produce up to 30,000 DEUTZ engines annually in the 50-75 hp and 75-100 hp ranges at its manufacturing facility in Alwar, Rajasthan.This collaboration aims to cater to growing demands in the Indian market and fulfill DEUTZ's requirements. TAFE Motors 'Alwar facility, known for producing diesel engines and gensets ranging from 5 to 125 kVA under bra..
Ashok Leyland Ventures into Vehicle Scrappage
Ashok Leyland, a leading truck and bus manufacturer, is set to launch its first-ever vehicle scrappage facility under a franchise model. The company has finalized an agreement with a Registered Vehicle Scrapping Facility (RVSF), placing it in a strategic position to advance its circular economy goals and reduce environmental impact, as highlighted in its FY24 annual report. In addition to this milestone, Ashok Leyland is developing a digital platform named Re.AL, aimed at facilitating the resale of used vehicles in compliance with the government-mandated vehicle scrappage policy. This initiati..
IEX Sees Significant Surge in Electricity Volumes in June 2024
The Indian Energy Exchange (IEX) reported a substantial 24.7 percent increase in electricity volumes for June 2024, with total volumes reaching 10,185 million units (MU). Including certificates, the monthly volume rose to 10,677 MU, marking a 19.4 percent year-on-year growth. In the first quarter of fiscal year 2025, IEX achieved a total electricity volume of 28,178 MU, reflecting a 19 percent increase from the previous year. When including certificates, the overall volume for the quarter reached 30,354 MU, showcasing a 20.8 percent growth compared to the first quarter of FY2024. Amidst hot ..