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PRIVATE FLEET OWNERS
Centre plans Rs 12,000 crore incentive scheme to spur private electric bus adoptionThe government is planning a significant incentive package, potentially worth ₹12,000 crore, to boost electric bus adoption by private flee...- Air India plans to downsize with owner Tata balking at lossesAir India is reportedly deferring aircraft deliveries, cutting flights, and postponing expansion plans following instructions from owner Ta...
- As women flock to free state buses in Bengal, private operators look for rescue planPrivate bus operators in West Bengal are facing significant revenue losses following the introduction of free travel for women on governmen...
- Electric mobility key to long-term fight against air pollution: UNEP chiefA top UN official stresses electric mobility and mandatory vehicle emissions testing for long-term air pollution solutions. India's plan to...
- Interest subvention scheme likely for e-buses, e-trucks; Centre may earmark ₹6,960 crThe government is weighing cheaper loans and other incentives to help private operators buy electric buses and trucks, aiming to cut fossil...
- Coal Gasification Scheme worth Rs 37.5k cr cleared to fortify energy securityFinancial support to developers will be provided at a maximum of 20% of the cost of plant and machinery through a competitive bidding proce...
- Indian ports turning into logistics and industrial hubs, shipping secretary tells investors in SingaporeIndia's ports are becoming major logistics hubs. Cargo capacity has doubled and will reach 3,500 million tonnes per annum by 2030. The nati...
- Rising fuel costs put brakes on CV financing momentumRising fuel costs due to the Iran war are pressuring bank loans for commercial vehicles in India. Fleet operators face higher expenses, lea...
- Auto AI firm Intangles logs $30 million led by Avataar Venture PartnersIntangles, an AI platform for vehicles, has raised $30 million in funding led by Avataar Venture Partners. The company will use the funds t...
- Tata Motors to acquire 27% stake in logistics startup Freight Tiger for Rs 150 croreThis comes as the Tata Group company looks to accelerate its presence in the truck and freight ecosystem. ‘Freight Tiger’ is a digital plat...
- Spain set to impose new restrictions on ride-hailing driversThe Spanish government is set to impose new restrictions on drivers working with ride-hailing apps such as Uber after the European Union's ...
- Euronav and Frontline sign $4.2bn deal to create the largest fleet of oil tankersA merger of Frontline and Euronav, two of the biggest independent operators of crude oil tankers in the world, will result in the world's l...
- Commercial Vehicle owners push for extension of policy, but insurers disagreeVehicle owners want to invoke the Indian Motor Tariff Endorsement 11, which asks insurers to either extend the policy or reduce the premium...
- Covid-19 lockdown leads to rise in demand for ambulancesPrivate ambulance service providers – the first responders in any medical emergency – are in a quandary with the sudden spurt in call volum...
- Logistics service provider Fortigo Network expands serviceFortigo Network helps players in the logistics sector, particularly the fleet owners, to improve their earnings by 20-40 per cent, regional...
- BlackBuck partners with IDFC Bank, Yes Bank to offer free FASTags to truckersTruck owners can order FASTags on BlackBuck's Boss App, a digital services platform exclusively for truck fleet owners, and it will be deli...
- Apeejay Shipping Limited acquires 74,107 MT DWT Gearless PanamaxA leading Indian ship-owner, Apeejay Shipping Limited is cautiously optimistic about domestic and international demand prospects.
- Uber of skies JetSetGo soars high, records 700% growth in revenueStarted just three years ago as a pure play aircraft aggregator connecting owners and customers, this private aviation company controls Ind...
- Bulk diesel sales slide 14-15 per cent after price decontrolAccording to reports, out of 12 MT of bulk diesel consumed per month, consumption of private buses and state transport corporations is abou...
- System for multi-media info in moving vehiclesAmrita Research Labs, the research and development division of Amrita Viswa Vidyapeetham, has developed `Amrita MiTrans, a unique solution ...
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