Hyundai Partners with Indian Oil to Explore Hydrogen Fuel Cell Vehicles

25 Apr 2025 CW Team

Hyundai Motor India (HMIL) has entered into a memorandum of understanding (MoU) with Indian Oil Corporation (IOC) to explore the feasibility of widespread adoption of hydrogen fuel cell vehicles in India.

As part of the collaboration, Hyundai has delivered a Hyundai Nexo, a hydrogen fuel cell electric vehicle, to Indian Oil for real-world testing on Indian roads. The Nexo was first introduced in India at the Auto Expo 2020 and was showcased again at the Auto Expo 2023, underlining Hyundai’s commitment to hydrogen-powered mobility in the Indian market. However, India currently lacks a widespread hydrogen refuelling infrastructure.

The MoU outlines a two-year trial period, during which Hyundai and Indian Oil will assess the Nexo’s performance over an estimated 40,000 km. The trial will also include a total cost of ownership (TCO) evaluation, including maintenance costs, to gain insights into the economic and environmental advantages of hydrogen vehicles in India.

Unsoo Kim, managing director of HMIL, emphasized, “Together, we aim to unlock the potential of green hydrogen as a transformative energy source, making it accessible, affordable, and sustainable. This partnership will play a crucial role in demonstrating hydrogen as a viable alternative fuel in the future.”

Other major Indian automakers, including Tata Motors, Ashok Leyland, and Mahindra & Mahindra, are also exploring hydrogen fuel cell technology. Recently, Tata Motors began trials of India’s first hydrogen-powered heavy-duty trucks, with trials set to last 24 months. Ashok Leyland is developing hydrogen-powered trucks with plans for a commercial launch by October 2026, while Mahindra & Mahindra has been laying the groundwork for future advancements in fuel cell electric vehicles (FCEVs).

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..