Budget Boost for Warehousing

06 Feb 2024 CW Team

The recent budget announcement includes incentives aimed at boosting the warehousing and logistics sectors, particularly through measures supporting electric vehicle (EV) adoption. This strategic move is expected to drive growth in the warehousing industry while simultaneously creating a robust ecosystem for electric vehicles.

By providing incentives for EV adoption, the budget seeks to encourage the transition towards sustainable transportation solutions within the logistics sector. This initiative aligns with broader efforts to promote eco-friendly practices and reduce carbon emissions, contributing to India's environmental sustainability goals.

The budget's focus on incentivising EVs is poised to have a transformative impact on the warehousing and logistics sectors. It is anticipated to enhance operational efficiency, reduce dependency on traditional fuel sources, and drive innovation in last-mile delivery solutions, ultimately fostering growth and competitiveness within these industries.

Stakeholders in the warehousing and logistics sectors welcome the budgetary push towards EV adoption, recognising its potential to revolutionise transportation practices and unlock new opportunities for business expansion. The incentives provided are expected to accelerate the adoption of electric vehicles and drive investment in related infrastructure and technology.

As the government prioritises the development of sustainable transportation solutions, it underscores its commitment to fostering growth and innovation in key sectors such as warehousing and logistics. The budget's initiatives aim to create a conducive environment for the adoption of EVs, thereby propelling India towards a greener and more efficient logistics ecosystem.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..