Hit by a high base of last year and weakness in demand, the domestic commercial vehicle industry is expected to witness a dip of 4-7 per cent in wholesale volumes in the current fiscal as compared to FY23, rating agency Icra said on Friday. The medium and heavy commercial vehicle (trucks) volumes are expected to contract by 4-7 per cent year-on-year given the high base effect and the impact of the Lok Sabha polls on infrastructure activities in the first few months. Similarly, the volume of light commercial vehicles (trucks) wholesale volumes is likely to decline by 5-8 per cent in FY2025 due to factors such as a high base effect, sustained slowdown in e-commerce, and cannibalisation from electric three-wheelers, Icra said. The rating agency expects the domestic CV industry's uptrend to be arrested in FY2025, with a decline of 4-7 per cent in wholesale volumes, it stated. This follows a muted year-on-year growth of 1 per cent and 3 per cent for wholesale and retail sales, ...
Currently the 10.5 km long road will be open for traffic only on weekdays from 8 am to 8 pm
Prime Minister Narendra Modi unveiled infrastructure projects worth more than Rs 4,500 crore in northern West Bengal on Saturday. The PM unveiled the projects at a programme in Siliguri, the region's largest city, during his third visit to the state this month. Governor CV Ananda Bose was among those present at the programme. Addressing the function, Modi said eastern India was ignored after Independence but his government considers it as the growth engine of the country. "Over the last 10 years, the development of Bengal, especially North Bengal, has been a priority for our government," he said. The PM inaugurated multiple projects of railway line electrification that will benefit the people of northern West Bengal and nearby areas, an official statement said. These railway lines are the Eklakhi-Balurghat section, Barsoi-Radhikapur section, Raninagar Jalpaiguri-Haldibari section, Siliguri-Aluabari section via Bagdogra, and the SiliguriSivokAlipurduar JunctionSamuktala section, it
The CBI has arrested a general manager of the National Highways Authority of India (NHAI) in an alleged bribery case of Rs 20 lakh in Maharashtra's Nagpur, officials said on Sunday. Arvind Kale, who is also a project director, allegedly received the bribe from a private company, they said. The Central Bureau of Investigation (CBI) recovered Rs 45 lakh cash, including the bribe of Rs 20 lakh, during a search operation following Kale's arrest, the officials said. A case has been registered against Kale and 11 others, including the private company, they said.
From the early days devoid of seat-belts and laminated windshields, car safety has come a long way. Now, cutting-edge advancements in crash testing are paving the way for even safer rides
The objective of the project is to meet the rapidly increasing traffic demand in the Chennai metropolitan area, ease congestion, reduce transportation time
The Navi Mumbai traffic police have banned the movement of heavy vehicles on Mumbai-Goa highway from Sunday till the end of the Ganesh festival to be held next month. Deputy Commissioner of Police (Traffic), Navi Mumbai, Tirupati Kakade issued the order to this effect on Saturday. Maharashtra PWD Minister Ravindra Chavan, during an inspection of the ongoing repair work on the same route, was stuck in traffic jam for more than two hours on Saturday. Later, in a video released from Chavan's office in the evening, the minister said after a discussion with the chief minister and his deputy, it was decided to ban heavy traffic on the route for the time being and allow people to proceed to Konkan without any hurdles and the repair work to be carried out smoothly. DCP Kakade in the order said a meeting of stakeholders was held on August 23 on the condition of the Mumbai-Goa highway and it was decided there should be no traffic jams so as to facilitate smooth journey of those proceeding to
India's road and highway sector's growth is vital not only for economic development but also for creating a more inclusive and connected society, a report has said. The report, released at a CII conference here on the road and highways sector, also emphasised the crucial role of road infrastructure in stimulating economic growth, fostering investor confidence, generating employment, and enabling inclusive development, according to a statement. With a projected global infrastructure funding requirement of USD 3.7 trillion annually to keep pace with GDP growth, the significance of continued expansion and strengthening of India's road network remains paramount, the report stated. The report noted states like Uttar Pradesh, Maharashtra, Karnataka, and Rajasthan have played pivotal roles in driving National Highways Authority of India (NHAI) projects and investments. Rural road development has also gained traction, with rural roads accounting for 71 per cent of the overall road ...
"There is a traffic jam stretching to nearly 5-10 kilometres. We have nothing to eat or drink. People are starving here. The snarl should be cleared soon," a commuter told ANI
Tata Power is also seeking an opportunity to set up robust EV charging networks across the state
Earlier on July 19 the National Highway-44 in Ramban district was blocked due to shooting stones and mud slush
According to Chamoli Police, traffic movement was temporarily suspended on the route after stones slipped down the hill in Karnprayag town of Chamoli district
According to the officials, the National Highway Authority of India (NHAI) is working to open the highway. They said that due to the blockage of the highway, many passengers are stranded
According to the Public Works Department minister, over 300 roads have been blocked in the state due to the incessant rain
In a pre-dawn tragedy, at least 12 youths, including five minors, were killed while 28 others injured when a private bus plunged into a gorge on Mumbai-Pune Highway on Saturday, officials said here
Several vehicles were stuck on the old National Highway 6, which connects Kolkata to Mumbai, after an organisation of the Kudmi community started a blockade in West Bengal's Paschim Medinipur district on Tuesday, demanding that they be given ST status. West Bengal Kudmi Samaj started the blockade around 6 am at Khemashuli in the Kharagpur local police station area, officials said. "The blockade will continue until our demands are met," said Tapas Mahato, a leader of the organisation. Hundreds of vehicles were stranded on the road because of the blockade, triggering massive traffic snarls even on the other adjoining roads in Paschim Medinipur and Jhargram districts. Till the last report was received around 11 pm, the blockade was continuing. Drivers of the stranded vehicles said they were facing scarcity of food and water. Some of the vehicles were being diverted through Balibhasha in Jhargram to bypass the blockade, officials said. Kudmis are at present classified as OBCs.
Union minister Nitin Gadkari on Thursday said the ongoing work on the Mumbai-Goa national highway will get over by December this year, which would cut the travel time between these places to four-and-a-half hours and give a huge boost to development in Maharashtra's Konkan region. He was speaking to reporters at Ratnagiri, around 340 km from here. "The Mumbai to Goa highway stretch has been divided into 10 packages (phases) and road construction activity in all packages, except two, is almost over. Most of the pending construction work on the road and one tunnel will be completed by December this year," the Minister of Road Transport and Highways said. "By December, the entire stretch will be available for vehicular movement and the distance can be completed in four-and-a-half hours," he said. Gadkari said he has instructed the officials to conduct road safety audits and put international standard signages for the drivers on the Mumbai-Goa highway. With the help of local education
Union Minister Nitin Gadkari on Thursday said the work on the Mumbai-Goa highway will be completed by December this year, which would give a huge boost to development in Maharashtra's Konkan region. He was speaking at the 'bhoomi pujan' ceremony in Panvel of the concretisation of the Palaspe-Indupur national highway stretch and some other routes. The Union Minister of Road Transport and Highways several works in the state's Konkan region were help up due to issues like land acquisition, permissions, contractor problems. He also announced the construction of the Rs 13,000 crore Morbe-Karanjade road, which will go through Jawaharlal Nehru Port and reduce the time needed to cover the distance between Mumbai and Delhi to 12 hours. Work on the Rs 1,200 crore Kalamboli junction and Rs 1,2000 Pagode junction too will begin soon, he said. He said the much-delayed Mumbai-Goa national highway work will be completed by December this year, which will hugely boost development prospects of the
The 434-km strategic Srinagar-Leh national highway was reopened for vehicular traffic on Thursday in a record time of 68 days after its closure in January this year following heavy snowfall, officials said. A trial movement was conducted successfully and the decision to reopen the road for civilian traffic will be taken after a joint inspection by the civil administrations of the Union Territories of Ladakh and Jammu and Kashmir. The highway was thrown open for traffic at the Zojila Pass, situated at an altitude of 11,650 feet, by Director General of Border Roads Organisation (BRO) Lt Gen Rajeev Chaudhary. Zojila is a strategic pass that provides a vital link between Kashmir Valley and Ladakh, and it is key to operational preparedness of the armed forces. It used to remain closed for about six months due to heavy snowfall. However, over the last few years, the BRO has been reopening it in less time. This year, it was cleared off in record time of 68 days. Speaking to reporters, Lt
One person died and 41 were injured in a bus accident today on Manali Chandigarh National Highway in Jabli near Bilaspur district headquarters, police said