Tata Motors hits 10 lakh commercial vehicle milestone at Lucknow plant

(Photo: Tata Motors)

New Delhi, (IANS) Indian commercial vehicle manufacturer Tata Motors Ltd on Wednesday announced the rollout of its 10th lakh vehicle from its Lucknow plant.

The rollout also marked three‑and‑a‑half decades of operations in Uttar Pradesh, the company said in a release.

In his reaction, Uttar Pradesh Chief Minister Yogi Adityanath said: "The rollout of 10 lakh trucks and buses from Tata Motors’ Lucknow facility is a moment of pride for the entire state. It is a recognition of the state’s capabilities and immense potential, as well as of its talented people."

"Our vision is to transform Uttar Pradesh into a one‑trillion‑dollar economy, with industry and entrepreneurs playing a pivotal role in this journey. The state offers a conducive ecosystem for scalable businesses, supported by a vast consumer market, a young, skilled workforce, and seamless connectivity," he said.

Tata Motors’ success in Uttar Pradesh reflects the strength of this ecosystem and reinforces the state's commitment to fostering responsible industrial growth, creating jobs, building skills and advancing sustainable socio‑economic development, he added.

The milestone vehicle was a zero-emission electric bus, and it highlighted the shared commitment of Uttar Pradesh and Tata Motors to green mobility, aligned with the state’s net-zero 2070 vision and the company’s net-zero target of 2045, the company said.

On this occasion, Tata Sons Chairman N. Chandrasekaran said that the production of Tata Motors' 10th lakh commercial vehicle from its Lucknow facility reflects the strength of its longstanding partnership with Uttar Pradesh.

"Over more than three decades, this collaboration has demonstrated how industry, government and communities can come together to drive industrial excellence, create livelihoods and build capabilities at scale," he added.

"As India’s commercial vehicle industry is undergoing rapid transformation towards cleaner, smarter and more efficient mobility solutions, this milestone underscores Tata Motors’ leadership in shaping the future of mobility," he said, as per the release.

The Lucknow facility, established in 1992 and spread over about 600 acres, has an annual capacity of over one lakh vehicles and supports over 8,000 livelihoods.

It builds industry‑relevant skills through flagship training programmes, and operates as a water‑positive facility powered by 100 per cent renewable energy, the auto manufacturer said.It manufactures a comprehensive range of cargo and passenger commercial vehicles across multiple powertrains, including next-generation zero-emission electric buses and trucks, as well as fuel cell electric vehicles (FCEVs). Tata Motors hits 10 lakh commercial vehicle milestone at Lucknow plant | MorungExpress | morungexpress.com
Read More........ → Categories: , , , ,
→

India Deep Tech Accelerator announced to help scale up IIT startups


(AI image/IANS)

New Delhi, (IANS) The India Deep Tech Alliance (IDTA) and the University of Chicago’s Polsky Center for Entrepreneurship and Innovation on Tuesday announced the launch of the India Deep Tech Accelerator, a 10‑week programme designed to help IIT‑affiliated deep‑tech startups scale internationally.

The initiative, led by Polsky Center, is developed in collaboration with leading Indian Institutes of Technology (IIT) innovation networks and incubators, including SINE at IIT Bombay, FITT at IIT Delhi, and IIT Madras Research Park, a statement said.

The programme, aimed at supporting India’s emerging deep tech startup ecosystem, will run from April through June 2026 and will be structured for a cohort of up to 15 startups through targeted workshops, coaching, and strategic customer and investor connections.

The accelerator will also include "an India showcase and a Bay Area showcase for top-performing companies in June," the statement said.

The initiative builds a structured, repeatable pathway connecting startups from India’s premier technical institutions with the potential for fundraising and the Polsky Center’s deep experience in venture creation, startup acceleration, and international market access.

The accelerator will run from April through June 2026 and take a cohort of up to 15 startups through targeted workshops, coaching and investor and customer connections. Top performers will be showcased at an India event and a Bay Area showcase in June.

The India Deep Tech Accelerator aims to support globally ambitious, IIT-affiliated startups for near-term commercializsation and financing milestones in the United States and other global markets.

IDTA will provide strategic guidance and founder support, while Aroa Venture Partners has committed up to $2,00,000 per startup for select companies emerging from the accelerator. Several other venture capital firms have committed to contribute to workshops, office hours, selective mentoring, and may provide potential investment support to cohort startups.“India’s IITs produce world‑class engineering and research, but too many deep‑tech breakthroughs still struggle to cross the last mile into scalable commercialisation,” said Sriram Viswanathan, Founding Managing Partner, Celesta Capital, and Founding Executive Committee Member, IDTA. India Deep Tech Accelerator announced to help scale up IIT startups | MorungExpress | morungexpress.com
Read More........ → Categories: , , , ,
→

Hyundai Motor aims to develop India into a ‘strategic export hub’


IANS File Photo

Seoul, (IANS): The head of South Korea's automotive giant Hyundai Motor Group has visited three key overseas markets -- China, the United States and India -- at the start of the new year as part of the group's global expansion strategy, the company said on Wednesday.

Executive Chair Euisun Chung's visits were aimed at exploring business opportunities in major economies that are expected to underpin the group's future growth, while also seeking partnerships with leading global companies, the group said in a press release.

During his visit to India, Chung toured three production facilities -- Hyundai Motor's Chennai and Pune plants and Kia's Anantapur plant -- to review production operations and sales strategies.

Hyundai Motor Group ranks second in the Indian automotive market with a market share of about 20 percent. The three plants have a combined annual output capacity of 1.5 million vehicles.

The group aims to develop India into a "strategic export hub" following the listing of Hyundai Motor India on the Indian stock market in 2024 in what was the largest initial public offering (IPO) in the country's history.

"Hyundai has been able to grow over the past three decades thanks to the support of the Indian people," Chung was quoted as saying. "We must pursue a home-brand strategy for the next 30 years so that Hyundai can become a truly national company in India."

During his 10-day trip through Tuesday, Chung attended the Korea-China Business Forum held in conjunction with President Lee Jae Myung's state visit to China, and the world's largest IT and electronics exhibition, CES 2026, in Las Vegas, and toured the group's production facilities in India, reports Yonhap news agency.

In Beijing, Chung exchanged views with Zeng Yuqun, chairman of Contemporary Amperex Technology Co. (CATL), the world's largest battery maker, on cooperation in the electric vehicle (EV) battery sector. He also met with Hou Qijun, chairman of China Petroleum & Chemical Corp. (Sinopec), to discuss potential collaboration in hydrogen-related businesses.

To boost sales in China, Hyundai Motor Co. launched its first China-dedicated EV model, the Elexio, in October and plans to expand its EV lineup in the world's largest automobile market to six models by 2030. Its smaller affiliate, Kia Corp., plans to strengthen its Chinese EV lineup by introducing at least one new model each year through 2027, following the launch of the EV6 in 2023.

At CES 2026, Chung held meetings with executives from global big-tech companies, including Nvidia Corp. CEO Jensen Huang and Qualcomm Inc. Chief Operating Officer (COO) Akash Palkhiwala.The group unveiled its artificial intelligence (AI) and robotics strategy at the exhibition, with the presentation of Atlas, a humanoid robot developed by its U.S. subsidiary Boston Dynamics, drawing significant attention. Hyundai Motor aims to develop India into a ‘strategic export hub’ | MorungExpress | morungexpress.com
Read More........ → Categories: , , , ,
→