Global equipment sales boosted by China stimulus: Off-Highway Research

Maruti Opens 5,500th Car Service Touchpoint

Maruti Suzuki India has announced the inauguration of its 5,500th service touchpoint, located in Udaipur. The company, which serviced over 27 million vehicles in FY25—its highest ever in a financial year—is targeting the addition of around 500 more service centres during FY26.With service facilities now spanning 2,764 cities, Maruti added 460 new touchpoints in FY25, averaging more than one new outlet daily. The current network includes approximately 40,000 service bays, capable of handling 30 million vehicles annually, according to the carmaker.Hisashi Takeuchi, Managing Director and CEO ..

Nayara Energy Confirms Rs 700 Bn Investment, Slams EU Sanctions

Nayara Energy, backed by Russian oil major Rosneft, reaffirmed its plan to invest Rs 700 billion in downstream projects while criticising the European Union’s sanctions against it as unjust and contrary to India’s interests.The company operates a 20 MTPA refinery in Vadinar and manages over 6,750 fuel stations. In its statement, Nayara accused the EU of double standards, citing continued Russian energy imports by European nations.“The EU’s sanctions jeopardise India’s energy security and disrupt supply to 1.4 billion citizens,” the company said. “We are pursuing all legal means t..

ADB Approves Rs 9.75 Bn Loan for Tripura’s Industrial Zones

The Asian Development Bank (ADB) has sanctioned a Rs 9.75 billion loan for infrastructure development in nine industrial zones in Tripura, announced TIDC Chairman Nabadal Banik.Projects include industrial sheds, power substations, fire stations, and 34 roads. New zones at Santirbazar and Fatikroy are being developed, with demarcation already underway.TIDC has reclaimed 28 acres from dormant units to encourage active entrepreneurship. Banik added that the corporation is promoting rubber wood-based plywood manufacturing, with seven new units in the pipeline.Tripura has over 1.1 lakh hectares of ..