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Maruti's Kharkoda plant production begins March 2025
Maruti Suzuki India, the country's largest passenger carmaker, is preparing to commence production at its new plant in Haryana's Kharkoda by the end of the financial year. The company, with a production capacity of 1.3 million units a year, aims to expand it by 1 million units annually.
RC Bhargava, Chairman of MSIL, mentioned during a post-earnings call that the upcoming plant would begin rolling out passenger cars by March 2025. He stated that their expansion plan at Kharkoda was progressing smoothly, expecting the first line to commence production before the end of the financial ye..
FinMin Sets Scrappage Timeline
The Indian government's Finance Ministry has announced a significant move in the automotive sector by setting a vehicle scrappage timeline, which is expected to have far-reaching benefits for both the environment and the economy. This decision, aimed at retiring old vehicles, will positively impact major automobile companies such as Maruti Suzuki and Tata Motors, among others.
The scrappage timeline, a long-awaited measure, is poised to rejuvenate the automotive industry by incentivizing the replacement of old and polluting vehicles with newer, more environmentally friendly models. Th..
Maruti Suzuki's plant revolutionises auto logistics
Maruti Suzuki, a leading name in the automobile industry, has recently implemented a groundbreaking strategy at its plant in Gujarat, India. This strategy involves the establishment of a railway siding within the plant premises, a first for the automobile sector in the country. The initiative aims to revolutionize the logistics operations of Maruti Suzuki by significantly reducing the dependency on road transportation.
This innovative move is projected to eliminate approximately 50,000 truck trips annually, marking a substantial reduction in carbon emissions and traffic congestion. By ..
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 ..
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