India saw 120 per cent growth in electric vehicles (EVs) in the second quarter of this year, driven by a 400 per cent surge in hybrid vehicles, a report showed. The surge in EV adoption was driven by the introduction of new affordable models, including, for instance, MG Comet EV from MG Motors.
The Udyog Ratna award was presented to the 85-year-old chairman emeritus of Tata Sons by Shinde and Deputy CMs Devendra Fadnavis and Ajit Pawar at the industrialist s home in south Mumbai on Saturday.
MSCI added 40 stocks to its Global Smallcap Index and removed 11. India has seen the maximum addition of stocks in the Global Smallcap Index within the Asia-Pacific region. Mrs Bector s Food, Neuland Laboratories, and Patel Engineering are among 40 stocks that will be part of the MSCI Global Smallcap Index with effect from August 31.
Toyota Kirloskar Motor has launched a new compact MPV, the All New Toyota Rumion, in India, marking its entry into the B-MPV segment. The vehicle comes with K-series 1.5-litre petrol engines with Neo Drive (ISG) technology and E-CNG, giving it a fuel efficiency of up to 20.51 km/l for the petrol variant and 26.11 km/kg for the CNG variant.
Toyota has launched its most affordable multi-purpose vehicle, the Rumion, in India in a bid to capture more of the country s fast-growing MPV segment. The model will allow Toyota Kirloskar Motor (TKM) to tap into the compact MPV market, where 325,000 vehicles were sold in the last calendar year and where it already commands 30% of the market.