Adani Total Gas Q4 profit rises 21% to ₹98 cr; revenue climbs 12%
For FY23, the profit grew 7% to ₹546 crore, while revenue from operations jumped 46% to ₹4,683 crore, driven by higher volume and increase in sales price.
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CNG, hybrid, EV to account for 20-30% of new vehicle sales in 5 years: ICRA
In terms of sales of diesel vehicles, the rating agency says that the stricter emission norms and the narrowing price gap between petrol and diesel has reduced the viability of diesel vehicles.
Maruti plans 6 EVs by 2030; eyes 15% volumes
While Suzuki has earmarked ¥2 trillion for electrification-related investments, it has plans on using biogas for its CNG models that account for about 70% of the CNG car market in India
The Gas Revolution
India is investing $40 billion in gas pipelines, LNG terminals and exploration & production to meet net-zero emission goal by 2070.
IGL, Adani Total, Gujarat Gas, MGL surge up to 7%; here’s why
The oil ministry has ordered the diversion of natural gas from industries to the city gas distribution to cool down the CNG and piped cooking gas prices
Need own solutions; cannot copy-and-paste western EV model: RC Bhargava
Bhargava believes India’s EV adoption will further gatekeep car ownership. Until geographical and economical fundamentals don't shift favourably, he believes CNG is a more democratising fuel source
Fortune 500 India: “Oil will continue to be in focus for a few more decades”
HPCL CMD Mukesh Kumar Surana on how the company is preparing to maintain growth trajectory while navigating the energy transition.
By 2030, half of new sales will be natural gas vehicles
A study by the institute says the number of natural gas vehicles in India is expected to shoot up to 33 million by 2030 from 3.3 million in 2019—a 900% rise.
EV push: Auto industry calls for middle path
Levying taxes on petrol and diesel vehicles to promote electric vehicles will discourage the whole sector, say experts.
Maruti Suzuki posts first drop in profit in 4 years
Profit declines 9.8% in September quarter as higher commodity prices and a weaker rupee hit demand.
