Tamil Nadu Shortlists Two Sites for Hosur Airport

BharatBenz Unveils HX And Torqshift Mining Trucks

With India’s mining and construction equipment market forecast to jump from USD 16 billion to USD 45 billion by 2030, Daimler India Commercial Vehicles (DICV) has launched two new BharatBenz truck lines: the HX series for construction and Torqshift for mining. Priced from Rs 5.6 million ex showroom, the heavy duty models have undergone extensive trials, logging service in more than 150 of the country’s toughest sites.The tests, which covered uptime, operating efficiency and profitability, paved the way for full scale production. DICV—holder of over 50 per cent share in th..

Hyundai Units Unite as USD 6.15bn Construction Equipment Firm

HD Hyundai Construction Equipment and HD Hyundai Infracore will merge to create HD Construction Equipment, a new company launching with consolidated sales of about USD 6.15 billion. Boards of both firms approved the tie up on 1 July; an extraordinary shareholders’ meeting is set for 16 September, subject to regulatory clearance.The merger is designed to sharpen the group’s response to volatile markets, bolster technological capability and keep costs competitive. The combined business will trade under two brands, Hyundai and Develon, focusing on construction equipment while ..

Maharashtra Clears Rs 1.35 Trillion Plan For 17 Mega Projects

A Cabinet sub committee chaired by Chief Minister Devendra Fadnavis has approved seventeen large, mega and ultra mega projects worth Rs 1.35 trillion in Maharashtra’s thrust and high technology sectors. The schemes span semiconductors, silicon wafers, solar modules, electric vehicle components, lithium ion batteries, aerospace and defence equipment, textiles, green steel and gas to chemicals production.Incentives include capital subsidies, reduced power tariffs, interest support, industrial promotion assistance, land ownership refunds and Employee Provident Fund rebates. The list of ..