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GM and Honda's Hydrogen Venture in Michigan
General Motors (GM) and Honda are set to revolutionize the automotive industry by joining forces to develop hydrogen fuel cells. This collaborative effort aims to accelerate the advancement and adoption of hydrogen fuel cell technology, marking a significant milestone in sustainable transportation.
The partnership will establish a new manufacturing plant in Michigan, dedicated to the production of advanced hydrogen fuel cells. Both companies bring their expertise to the table, combining GM's innovative engineering with Honda's commitment to environmental sustainability.
Hydro..
Honda Motorcycle Expands Gujarat Plant, Boosting Capacity by 0.65 Mn
Honda Motorcycle & Scooter India (HMSI) has recently announced the commissioning of an additional production capacity of 6.5 lakh units at its Gujarat plant. This strategic move comes in response to the escalating demand for Honda motorcycles and scooters in the Indian market.
The expansion of production capacity is a testament to Honda's commitment to meeting the growing needs of its customer base. The Gujarat plant, now with an enhanced capacity, is geared to produce up to 19.7 lakh units per annum. This boost in manufacturing capability reflects the company's anticipation of sustain..
EPACK PREFAB completes 3.2 mn sqft industrial facilities
EPACK PREFAB, a provider of pre-engineered building and construction solutions, has successfully concluded the construction of industrial facilities spanning 3.2 million square feet, valued at Rs 2.03 billion, for leading automobile companies in India. This comprehensive project encompasses the utilisation of pre-engineered buildings and associated materials.
Among the prominent automotive firms benefiting from EPACK PREFAB's services are Hero MotoCorp, ASK Automotive, ACE, Ashok Leyland, SML Isuzu, Honda India Power Products, JK Tyre & Industries, JBM, and others.
Sanjay Sin..
IEX reports 13.7% spike in annual volume; 110.1 billion units in FY24
The Indian Energy Exchange (IEX) disclosed a notable 13.7% uptick in total volumes, reaching 110.1 billion units (BU) for the fiscal year ending March 31, 2024. The company unveiled its audited standalone financial outcomes on May 15, 2024, spotlighting a robust revenue surge of 16.2% to ?5.508 billion. Profit After Tax (PAT) for the year marked a commendable ascent of 16.7 %, reaching ?3.414 billion, while consolidated PAT escalated by 14.7 % to ?3.508 billion.
In the fourth quarter alone, IEX observed a notable 15.5 % surge in total volumes, recording 30.1 BU. Quarterly revenue soared..
Macrotech Developers to Invest Rs.35 -40 Bn This Fiscal
Macrotech Developers, formerly known as Lodha Developers, is set to inject between ?35 to ?40 billion in land acquisitions during the current fiscal year. This strategic move aims to strengthen the company's land bank as it eyes expansion opportunities in the real estate market.
The Mumbai-based real estate giant has been actively pursuing land parcels to fuel its growth trajectory. With this substantial investment earmarked for land acquisition, Macrotech Developers aims to bolster its presence across key markets.
This investment comes at a crucial juncture for the real estate s..
