|

Automobile dealer revenue growth to slow to 7-9% this fiscal year: Crisil Ratings

By

Crisil Ratings has projected a slowdown in automobile dealer revenue growth to 7-9% this fiscal year, down from a healthy 14% last year. The credit rating agency attributes this decline to slower volume growth and modest price hikes by automakers. Recent months have seen a slowdown in sales volume growth, prompting manufacturers and dealers to increase discounts and offers. While this primarily affects manufacturers, car dealership profitability is expected to drop to around 3%, slightly…

|

Indian metal companies race to secure renewable energy amid EU carbon regulations

By

Indian steel and metal companies are rushing to secure renewable energy deals to cut carbon emissions and avoid penalties under the EU’s upcoming Carbon Border Adjustment Mechanism (CBAM). This demand extends beyond large steel and aluminium companies to their suppliers, aiming to reduce emissions across their supply chains. Renewable energy providers report that demand outstrips current capacity, with new projects already sold out for the next few years. Avaada chairman Vineet Mittal indicated that due…

|

Maharashtra becomes India’s second-largest state for rooftop solar installations

By

According to a recent report by Mercom India, Maharashtra has emerged as the second-largest state in India for cumulative rooftop solar installations, contributing 13.3% to the country’s total photovoltaic (PV) installations. The state has installed 1.5 GW of rooftop solar capacity, trailing only Gujarat, which leads with 3.2 GW. The Mumbai Metropolitan Region (MMR) alone accounts for 8% of Maharashtra’s total installed rooftop capacity. The report also highlights that Maharashtra added 95 MW of rooftop…

|

Ohmium to invest Rs 4 billion in Tamil Nadu for green hydrogen plant

By

Tamil Nadu has secured a Rs 4 billion investment from US-based Ohmium International, Inc., to establish a green hydrogen manufacturing facility in Chengalpattu district. This announcement was made by Chief Minister M K Stalin during his visit to the United States. Ohmium International specializes in designing and manufacturing modular, scalable Proton Exchange Membrane (PEM) electrolyzers, which are essential for cost-competitive green hydrogen production. The company’s electro-chemical products support sustainable energy goals across various industrial, transportation,…

|

India plans to establish 15,000 MW of green hydrogen electrolyzers by 2026

By

India has announced a plan to set up 15,000 MW of green hydrogen electrolyzers by 2026, aiming to boost its renewable energy capabilities. The government has committed Rs 450 billion to support this green hydrogen push, which includes funding for the manufacturing of electrolyzers and the development of supporting infrastructure. 

|

Vjaitra, Trouvé to develop hydrogen-powered air taxi

By

Vjaitra Air Mobility, a division of Indian drone manufacturer Darsh Dronobotics Systems, has partnered with Trouvé Innovation Hub Inc. to develop a hydrogen-powered 5-seater air taxi with a capacity to cover distances up to 600 km. Through this partnership, Trouvé Innovation Hub Inc. will help Vjaitra Air Mobility secure funding to build a full-scale prototype of the Hydrogen Air Taxi. This eco-friendly, quieter, and more efficient alternative to traditional travel modes is designed to enhance…

|

Mahindra, Volkswagen set to form joint venture for EVs

By

Mahindra & Mahindra (M&M) and Skoda Auto Volkswagen India (SAVWIPL), a subsidiary of the Volkswagen Group, are reportedly finalizing a 50:50 joint venture to share costs, technology, and vehicle platforms for future product development. This partnership will primarily focus on developing battery-powered SUVs for both Indian and international markets, though it will also include fossil fuel-based models. According to The Economic Times, an official announcement is expected by the end of the year. The collaboration…

|

DERC issues draft regulations for intrastate transmission projects under TBCB

By

The Delhi Electricity Regulatory Commission (DERC) has released draft regulations to establish the threshold size for intrastate transmission system (InSTS) schemes developed under the tariff-based competitive bidding (TBCB) mechanism. The regulations, titled “Draft Delhi Electricity Regulatory Commission (Threshold Limit for the Development of Intra-State Transmission Projects under the Tariff Based Competitive Bidding) Regulations, 2024,” are open for public comments and suggestions. A key aspect of the draft regulations is setting a Rs 1.5 billion threshold…

|

Khavda IV A project boosts Adani Energy Solutions’ transmission portfolio

By

Adani Energy Solutions Ltd (AESL) has expanded its transmission portfolio to 21,783 ckm and its transformation capacity to 61,686 MVA with the acquisition of the Khavda IV A transmission project. This project, acquired from RECPDCL under the tariff-based competitive bidding (TBCB) route, will be developed as an interstate transmission system (ISTS) under the build, own, operate & transfer (BOOT) model for 35 years. The Khavda IV A line will evacuate 7 GW of renewable energy,…

|

CyanConnode lands contract for 6.5 million communication modules

By

CyanConnode Pvt Ltd has been awarded a major contract to supply 6.5 million communication modules for India’s smart metering initiative, marking the company’s largest order to date. The agreement includes the supply of Omnimesh modules, advanced metering infrastructure, standards-based hardware, Omnimesh head-end software, a perpetual license, and a comprehensive support and maintenance package. These smart metering projects will be implemented across various locations in India, with the supply of modules starting in the second half…