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Hero MotoCorp to invest Rs 5.5 billion in Ather Energy
Hero MotoCorp's Three-Pronged EV Strategy
Hero MotoCorp, India's leading two-wheeler manufacturer, is accelerating into the future with a robust three-pronged strategy for the electric vehicle (EV) sector. With a commitment to sustainability and innovation, Hero MotoCorp is poised to redefine urban mobility.
The first pillar of Hero MotoCorp's EV strategy is focused on research and development. By investing heavily in R&D, the company aims to develop cutting-edge electric vehicle technology tailored to the needs of Indian consumers. Key areas of research include battery technology, motor efficiency, and charging infrastructure..
Hero MotoCorp Launches Assembly Plant in Nepal
Hero MotoCorp, a prominent Indian two-wheeler manufacturer, has unveiled a new assembly facility in Nepal, capable of producing up to 75,000 units. This move signifies Hero MotoCorp's commitment to expanding its presence in Nepal's market and meeting the increasing demand for its products.
Located in Birgunj, Nepal, the assembly plant underscores Hero MotoCorp's dedication to local manufacturing and contributing to the socio-economic development of the region. The facility is expected to create employment opportunities and stimulate the growth of ancillary industries, strengthening Nep..
Hero MotoCorp and Ather Energy Unite for EV Charging Network
Hero MotoCorp and Ather Energy have formed a strategic alliance to create an inter-operable EV charging network. This collaboration aims to improve accessibility and convenience for electric vehicle users by establishing a seamless network of charging points. The joint effort reflects a commitment to fostering the growth of the electric mobility ecosystem in India. As the partnership unfolds, it is expected to contribute significantly to the expansion and reliability of EV charging infrastructure, thereby encouraging the adoption of electric vehicles and addressing the charging needs of a dive..
L&T subsidiary opens new manufacturing unit in Saudi Arabia
L&T Valves Ltd., a subsidiary of Larsen & Toubro, established a new manufacturing plant in Al Jubail, Saudi Arabia, next to the Dammam-Abu Hadriyah Highway. One of Saudi Arabia's main providers of on-off valves is L&T Valves.
The manufacturing facility is being opened with the intention of satisfying the increasing demand from the Middle East. In keeping with Saudi Vision 2030, Anil V. Parab, Whole-time Director and Senior Executive Vice President, Heavy Engineering and L&T Valves, emphasised that the new facility will greatly improve local manufacturing capabilities..
LIC Housing Finance net profit dips 9.14% in Q4 of FY24; Rs 10.8206 bn
LIC Housing Finance disclosed a 9.14 % decline in its net consolidated profit for the quarter ending March 31, 2024. Its profit after tax reached Rs 10.8206 billion in Q4 FY24, down from Rs 11.9088 billion in the corresponding period of the previous fiscal, as per the company's filing with BSE. The net consolidated total income for Q4 FY24 amounted to Rs 69.4861 billion, marking an 8.04% increase from Rs 64.3123 billion in the same quarter last year.
Tribhuwan Adhikari, MD & CEO said, "Our focus on reduction in NPA and control over cost of funds have enabled us to close the year with a..
