Indian Railways Slashes SUV Mass Transport Rates by 33%

25 Jan 2024 CW Team

Indian Railways has introduced a significant 33% reduction in rates for the mass transport of Sports Utility Vehicles (SUVs), aiming to enhance affordability and promote efficient rail transportation for this category of vehicles. The move is anticipated to not only benefit SUV manufacturers but also contribute to the broader goal of encouraging environmentally friendly and cost-effective modes of transportation.

The rate cut for the mass transport of SUVs aligns with Indian Railways' efforts to attract more business from the automotive sector and promote the use of railways for transporting vehicles across the country. This strategic decision is expected to incentivize manufacturers to choose rail transportation, capitalising on the cost-effectiveness and environmental advantages it offers compared to road transport.

The reduced rates for SUV mass transport are likely to stimulate growth in the automotive logistics segment, providing an economic boost to the sector. Indian Railways' proactive approach in revising rates demonstrates its commitment to fostering partnerships with industries and adapting to their evolving needs for efficient and sustainable transportation solutions.

The rate cut is anticipated to have a positive impact on the automotive supply chain, encouraging manufacturers to explore rail transport as a viable and eco-friendly alternative. As India continues to focus on enhancing its rail infrastructure and promoting sustainable logistics practices, initiatives like these contribute to the overall efficiency and competitiveness of the transportation sector. The move reflects Indian Railways' dedication to playing a pivotal role in shaping the future of freight transport in the country.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..