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Budget 2024: Key highlights

Key highlights of Interim Budget 2024

Boost on the cards for auto components?

The Indian automotive industry sector has a positive outlook for the upcoming Budget, with expectations for updates on the FAME 3 scheme, PLI sops, and GST revision.

Fuelling the future

Backhoe loader manufacturers are developing hybrid or fully electric backhoe loaders, which significantly reduce or eliminate fuel consumption and emissions.

Cummins showcases 15L fuel-agnostic engine platform

At CONEXPO, Cummins showcased its new fuel-agnostic 15-liter engine platform with hydrogen, natural gas and advanced diesel engines offering low-to-zero carbon fuel capability.

HRS Heat Exchangers acquired by Exchanger Industries

Exchanger Industries Limited (EIL), the Canadian market leader and globally recognised designer and manufacturer of heat transfer products for the energy, petrochemical, industrial and clean power generation sectors, has acquired HRS Heat Exchangers (HRS). Financial terms have not been disclosed.

HRS Heat Exchangers acquired by Exchanger Industries

The acquisition provides EIL immediate access to a cost- effective global footprint with scalable hubs in both India and Spain, and a combined portfolio of anti- fouling technologies that enhances differentiation and acts as a unique platform to create value for customers.

Powered for the long haul

Commercial vehicle OEMs - domestic and global - have pumped in investments, augmented capacities, launched global platform strategies, enhanced touch points, and stressed on soft solutions to suit the demands of emerging markets.

GE opens manufacturing facility in Pune

GE India announced that its new manufacturing facility in Pune would develop localised products and solutions for the energy sector in its first phase

Volvo's New Methane Diesel Truck

Volvo Trucks enhances focus on alternative fuels with the launch of the new Volvo FM MethaneDiesel.

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