Honda Motorcycle Expands Gujarat Plant, Boosting Capacity by 0.65 Mn

Honda Invests $1.1 Billion in Canadian EV Plant

Honda, a leading automotive manufacturer, has announced plans to invest $1.1 billion in building a new electric vehicle (EV) battery and vehicle manufacturing plant in Canada. This strategic move underscores Honda's commitment to expanding its presence in the rapidly growing electric vehicle market, aligning with global efforts towards sustainable transportation solutions.

The new facility, slated to be operational by 2024, will be located in Ontario, Canada, and is expected to create thousands of jobs in the region while significantly boosting the local economy. With this investment, ..

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..

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..

NCLAT Halts ATS Projects' Insolvency

The National Company Law Appellate Tribunal (NCLAT) has intervened to halt the insolvency process of ATS Projects, a significant development in the ongoing legal proceedings. This decision comes amidst the insolvency proceedings initiated against ATS Projects, which had faced financial challenges in recent times.

The NCLAT's decision to halt the insolvency process reflects a significant development in the legal proceedings concerning ATS Projects. This intervention underscores the complexity of the case and the need for careful consideration of all aspects before proceeding further with..

IL&FS Seeks MMRDA Approval for Mumbai HQ Transfer

IL&FS (Infrastructure Leasing & Financial Services) has initiated steps to secure fresh approval from the Mumbai Metropolitan Region Development Authority (MMRDA) for the transfer of its headquarters in Mumbai. This move signifies the company's commitment to streamline its operations and realign its corporate infrastructure.

The decision to seek renewed approval from MMRDA comes amid IL&FS's efforts to optimise its resources and enhance operational efficiency. The proposed transfer of its headquarters reflects IL&FS's strategic real estate management approach aimed at consolidating its ..