Genesis and IGL to invest Rs 1.1 bn to build metre manufacturing plant
Genesis, a division of Vikas Lifecare (VLF), and Indraprastha Gas (IGL) have signed a contract to establish a metre manufacturing facility at a cost of around Rs 1.1 billion.
The unit would be established through a joint venture business.
With an investment of Rs 1.1 bn, Genesis Gas Solutions (Genesis) and IGL have formed a joint venture to build a smart metre manufacturing facility.
The business will produce diaphragm gas metres with IoT features like Bluetooth, NFC, LoRa, LoRaWAN, and NB-IoT.
The factory for smart metres will initially be able to pr..
TVS Motor Unveils Electric Two-Wheeler
TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.
The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..
Chinese EV Giant Leapmotor Eyes Indian Market
Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.
Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..