Mallawa to set up plant to make hydrogen-powered e-buses
The Hindu
CHENNAI
Mallawa Ventures Inc., an early-stage global technology provider specialising in smart cities transportation, said it will set up a facility near Chennai to make hydrogen‐powered electric buses.
“We have identified nearly 500 acres of land to set up the unit and plans are on to start operations soon,” Raj Karan, president and CEO, told repoters.
According to him, the prototype would be ready in the next 12 months. Besides, Mallawa would also set up a hydrogen fuel generation plant and about 10 charging stations in the city.
“The investment in the hydrogen-powered e-buses is about ₹8,000 crore to be done in phases till 2030. Hydrogen fuel generation plant will call for an investment of ₹350 crore and charging station about ₹80 crore,” he said.
Mr. Karan said that he is in talks with the officials of State government and State Road Transport Undertakings, private bus owners and omni bus owners to push the new concept.
“While people are still juggling with petrol, diesel and CNG, we have already introduced H20 fuel cell buses. This segment is still in nascent stage in India. Over the next three years, we are likely to see more players entering into this segment,” he said.
Asserting that the cost of the vehicle will be twice that of the existing ones, he said the running cost would be much lower and vehicles could run for 350 km-750 km per charge.
Coal Ministry's new rules eliminate CCO approval for opening mines, expediting operations and enhancing efficiency in coal production.
India imposes anti-dumping duties on Chinese steel and refrigerant gas to protect domestic industries from unfair pricing.
Sensex declines for the third day, losing 367 points due to foreign fund outflows and thin trading conditions.
Let’s take a look at some of the biggest crypto events of the year.
Silver futures soar to ₹2.32 lakh/kg as global prices exceed $75, marking a record high in commodities trading.
Stock markets decline as Sensex and Nifty fall amid foreign fund outflows and low trading volumes on December 26, 2025.
Rupee drops 23 paise to 89.94 against the dollar amid negative equity trends and rising crude prices.
The commencement of commercial flight from the Navi Mumbai International Airport (NMIA) is expected to speed up infrastructure and real estate development across Navi Mumbai and surrounding regions, analysts & industry executives said.
GCCs keep India’s tech job market alive, even as IT services industry embarks on a hiring moratorium
Global Capability Centres, offshore subsidiaries set up by multinational corporations, mostly known by an acronym GCCs, are now the primary engine sustaining India’s tech job market, contrasting sharply with the hiring slowdown witnessed by large firms in the country.
India’s manufacturing sector underperforms compared to China and South Korea, partly due to public sector wages that raise costs and reduce competitiveness.
Non-Resident Indians (NRIs) from the Gulf Cooperation Council (GCC) region, once prominent investors in the Indian equity market are seen shying away due to rupee depreciation and have moved to global funds, said a top financial services executive.
Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.
In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.