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Rane (Madras) Limited (RML) has completed the acquisition of the Friction Business of Hindustan Composites Limited (HCL).

The Business Transfer Agreement for the transaction was signed on June 30, 2026. Following the completion of regulatory approvals and other closing conditions, the acquisition has now been completed.

HCL’s Friction Business will be ...


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Escorts Kubota Limited, the farm and construction equipment major, has broken ground on its new greenfield manufacturing plant at Sector 10, Gautam Buddha Nagar, in the industrial area of the Yamuna Expressway Industrial Development Authority (YEIDA), Uttar Pradesh. The plant will be developed across a 154-acre land parcel.

The facility will be built in phases, ...


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Drivn, an EV leasing platform focused on heavy commercial fleets, has signed a Memorandum of Understanding (MoU) with Tata Motors, India’s largest commercial vehicle manufacturer, to explore leasing-based deployment of electric commercial vehicles in India. Under the partnership, Drivn will offer customised leasing solutions for Tata Motors’ electric commercial vehicle portfo...


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Ashok Leyland, the Indian flagship of the Hinduja Group and one of India’s leading commercial vehicle manufacturers, has signed a Memorandum of Understanding (MoU) with the Government of Haryana to establish an Institute of Driving Training & Research (IDTR) in Ambala. The initiative aims to strengthen professional driver training, promote safer roads, and develop a futur...


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Mahindra Last Mile Mobility Limited (MLMML) has become India’s first commercial EV manufacturer to cross four lakh cumulative electric vehicle sales, marking a major milestone in the country’s shift to electric last-mile mobility. Behind every three-wheeler and small commercial vehicle, the company noted, is a livelihood, a driver, a shopkeeper, a delivery partner, or a small...


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