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 Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..