Finance Ministry Appoints New Members to NIIF Governing Council

Exide Targets Rs 200 Bn Revenue Within Three Years

Exide Industries has announced a revenue target of Rs 200 billion over the next two to three years, driven primarily by its lead-acid battery business. The company reported revenue of Rs 165.88 billion in financial year twenty twenty-five.Planned investments of Rs sixteen to seventeen billion this fiscal will support both lithium-ion cell manufacturing and existing battery operations. The upcoming lithium-ion facility, expected to be operational by financial year twenty twenty-six, has not been factored into the current revenue projection.Managing Director and Chief Executive Officer Avik Roy ..

Govt, Automakers Discuss Raising Ethanol Blend Beyond 20%

The Indian government has begun talks with automobile original equipment manufacturers (OEMs) to increase ethanol blending in petrol beyond twenty per cent, with the current E20 target set for October 2025.Major OEMs such as Tata Motors, Mahindra and Mahindra, and Maruti Suzuki have raised concerns about high investment requirements and limited consumer interest. A draft report is being prepared by officials from the petroleum, transport, and agriculture ministries for cabinet review.Industry executives said upgrading vehicles from E20 to higher blends like E40 or E45 could raise costs by two ..

Hyundai India to Launch Hybrid, Plans 26 Models by 2030

Hyundai Motor India Limited will introduce a hybrid vehicle as part of a larger plan to launch twenty-six models by 2030. The move aligns Hyundai with Toyota and Suzuki, who advocate hybrids to address India’s limited charging network and price-sensitive market.The refreshed portfolio will include six battery-electric vehicles, twenty internal combustion engine models, and one hybrid. These will span both mass and premium segments, including hybrid sport utility vehicles.According to Chief Operating Officer Tarun Garg, no single technology can meet all market needs. He called the hybrid segm..