Hunch Mobility and Electra Partner to Launch Hybrid-Electric Aircraft for Regional Air Travel in India

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January 23, 2025

Hunch Mobility and Electra Partner to Launch Hybrid-Electric Aircraft for Regional Air Travel in India

Hunch Mobility has entered into a Memorandum of Understanding (MoU) with Electra.aero, Inc., a next-generation aerospace company. The partnership was unveiled during the CII Urban Air Mobility Expo 2025, a landmark event that highlights India’s increasing commitment to advancing its urban air mobility ecosystem. This collaboration aims to deploy Electra’s EL9 ultra-short hybrid-electric aircraft, which promises to bring quiet, sustainable, and efficient air transport solutions to the country.

Amit Dutta, Managing Director of Hunch Mobility, expressed his excitement at the announcement, saying, “We are happy and proud to announce this partnership at the CII Urban Air Mobility Expo 2025. This platform is crucial in shaping a future-ready air mobility ecosystem, bringing together manufacturers, facilitators, and operators to foster innovation and collaboration.”

The EL9 hybrid-electric aircraft is designed with several unique features that make it ideal for India’s rapidly evolving transport needs. Capable of taking off and landing in under 150 feet, the EL9 offers a level of flexibility that is perfect for operating from smaller, regional airports, or even non-traditional spaces like football fields, parking lots, and helicopter pads. This aircraft will provide seamless, direct-to-destination air transport, bypassing the congestion of larger airports and enabling more efficient connections for underserved areas. One of the key advantages of the EL9 is its ability to recharge its in-flight battery, which helps maintain its quiet, emission-free operation while reducing the environmental impact of regional air travel. The aircraft’s capabilities make it an ideal fit for India’s goals of expanding sustainable air mobility, particularly as the country faces increasing demands for transport options that can handle growing urban congestion.

The partnership between Electra and Hunch Mobility is structured around several key initiatives aimed at maximising the potential of the EL9 aircraft. Both parties will collaborate on exploring route networks that leverage the EL9’s short takeoff and landing capabilities, specifically targeting congested ground routes. By focusing on regions that suffer from heavy road traffic, the EL9 could provide a much-needed solution for fast, reliable, and green air travel alternatives. Hunch Mobility will also play an important role in providing operational insights that will help optimise the aircraft’s performance, passenger experience, and maintenance requirements. In addition, the companies will jointly market the project and advocate for policies that support the development of advanced air mobility (AAM), which includes the infrastructure and regulatory frameworks necessary to enable such innovative air travel solutions. India’s civil aviation ministry has been actively working on promoting advanced air mobility (AAM) solutions, such as electric Vertical Takeoff and Landing (eVTOL) aircraft, to address the growing challenge of urban congestion. The ministry has expressed its commitment to creating a regulatory sandbox that will foster research and development in the AAM space, enabling companies to test and deploy new technologies in a controlled environment.

Civil Aviation Secretary Vumlunmang Vualnam has emphasised that electric air mobility is critical for the future of urban transport, noting that the country’s aviation sector is projected to accommodate 350 airports and 350 crore air passengers by 2047. He also highlighted the importance of integrating international best practices, looking at advancements from agencies such as the European Union Aviation Safety Agency (EASA) and the Federal Aviation Administration (FAA), to ensure that India’s airspace management and regulatory frameworks are future-ready. As the government and private sector work together to promote advanced air mobility, the Hunch Mobility-Electra partnership is set to play a key role in driving India’s position as a global leader in sustainable aviation. With the growing demand for efficient and green transport solutions, the introduction of the EL9 aircraft is poised to revolutionise regional air travel in India, offering faster, quieter, and more eco-friendly alternatives to traditional modes of transport.

Traffic Signals Cause 90% of Delays in Nagpur, Modernisation Urged

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January 23, 2025

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Traffic Signals Cause 90% of Delays in Nagpur, Modernisation Urged

A recent survey under Nagpur’s Comprehensive Mobility Plan (CMP) has revealed that traffic signals account for 90% of the traffic delays in the Nagpur Metropolitan Area (NMA). The survey, conducted by MahaMetro in collaboration with RITES, paints a concerning picture of the city’s traffic situation, showing that peak-hour congestion leads to average speeds dropping to as low as 28 km/h. The peak traffic times, as per the study, are between 9:30 am to 11:30 am and 5:30 pm to 7:00 pm.

Nagpur, like many other rapidly growing cities, is struggling with an increasing number of vehicles on the road. In the first 20 days of 2024 alone, over 10,000 new vehicles were registered across the district, highlighting the urgency for improved road infrastructure. Experts have warned that if these issues are not addressed soon, they will only worsen. Ashok Karandikar, a road safety expert and member of the NGO Jan Akrosh, stressed the importance of upgrading the city’s traffic signal systems. He pointed to the need for flexible traffic signals that use automatic time cycle controllers, which adjust signal timings dynamically based on real-time traffic density. Karandikar explained that such systems are not prohibitively expensive and have already been implemented successfully in some parts of India, showing substantial reductions in congestion and smoother traffic flow.

“Flexible systems can adapt to changing traffic patterns, preventing long waiting times at signals,” said Karandikar. “This would not only ease congestion but also reduce unsafe practices like jumping signals or driving on the wrong side of the road, which often occur when drivers get frustrated with delays.” In line with this, DCP Traffic Archit Chandak provided an update on the steps the city is taking. He confirmed that the city is planning to implement an Integrated Traffic Management System (ITMS) in the next 12 to 15 months. This AI-based system will analyse traffic patterns over seven days and adjust signal timings accordingly, further optimising traffic flow and reducing delays.

While the adoption of smart traffic management systems is in the pipeline, Chandak explained that short-term measures are also being put in place to alleviate congestion. For instance, a two-way traffic model has been introduced at Rahate-Kriplani Square, which has already shown positive results. Chandak highlighted that the introduction of such models and the proper regulation of signals plays a crucial role in maintaining road safety and improving traffic management. However, the CMP report also pointed out another critical issue: the lack of service roads in Nagpur. With only 20% of the 650-km road network in the NMA equipped with service roads, connectivity is severely limited, and congestion worsens. Service roads are essential as they ensure smooth traffic flow while providing access to properties along highways.

Karandikar highlighted that the absence of service roads has delayed significant infrastructure projects, such as the Kamptee flyover, as there is often no space for necessary ramps or connections. The shortage of service roads, he argues, severely hampers the development of efficient and safe urban transport systems. As Nagpur continues to grow, both in terms of population and vehicular traffic, experts argue that addressing these infrastructure gaps is crucial for improving urban mobility. With the implementation of dynamic traffic signal systems and the development of service roads, Nagpur could reduce congestion and make its streets safer for all residents. NMA officials are optimistic that these efforts, both short-term and long-term, will lead to a significant reduction in traffic delays and a more efficient transportation network. However, they also acknowledge that addressing these issues requires careful planning and investment, as the city’s growing population demands smarter, more adaptable traffic management solutions.

Nashik Gets Rs 5 Crore Grant for Electric Bus Depot to Boost Sustainable Transport

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January 23, 2025

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Nashik Gets Rs 5 Crore Grant for Electric Bus Depot to Boost Sustainable Transport

The Nashik Municipal Corporation (NMC) has received a significant Rs 5 crore grant from the Centre under the PM e-bus seva scheme. The grant is intended to support the construction of an electric bus depot on the outskirts of Nashik, at the Adgaon truck terminus. This new infrastructure project aligns with the city’s goals to modernise its public transport system and contribute to cleaner air.

The total cost of the electric bus depot project is estimated at Rs 27 crore, which will be partly funded through the National Clean Air Programme (N-CAP) and the PM e-bus seva scheme. Of the total project cost, Rs 15 crore will be allocated from N-CAP, aimed at improving the city’s air quality, while the remaining Rs 12 crore will come from the Centre’s e-bus initiative. NMC officials are optimistic that this project will be pivotal in shifting towards cleaner, greener public transport solutions. The proposed depot will have a capacity to park 100 electric buses, with facilities to charge 25 vehicles simultaneously. This high-tech charging station is a critical aspect of the project, enabling the efficient operation of electric buses across the city. A dedicated power substation will also be set up at the depot at an estimated cost of Rs 3.5 crore, ensuring that the energy requirements of the fleet are met. The depot will occupy around 20 acres of land and will be designed to accommodate the future expansion of electric buses in the city.

This development forms part of a broader initiative to combat pollution and modernise transport infrastructure in Nashik. NMC has already secured Rs 86 crore under N-CAP for various environmental projects, with Rs 15 crore earmarked specifically for the electric bus depot. The Centre has approved the addition of 50 electric buses for the city under the PM e-bus seva scheme, and NMC is in the process of signing an agreement with a private agency to operate and manage these buses. Officials are eager to see the buses on the road as soon as possible, with plans to ensure that they serve key routes within the city and reduce the reliance on polluting vehicles. Construction work for the new depot has already begun, and officials are hopeful the project will be completed on time. They expect the electric buses to provide a significant boost to the city’s transportation system by offering a clean and efficient alternative to traditional diesel-powered buses.

The NMC’s commitment to improving urban mobility aligns with the Centre’s ongoing focus on clean energy and sustainable transport. For residents, the new electric buses will not only enhance the overall efficiency of public transportation but also improve air quality. Local officials are optimistic that the electric bus depot and the introduction of e-buses will transform public transport in Nashik, setting a strong example for other cities to follow. As the construction progresses, NMC officials are ensuring that the project remains on schedule and are focused on the successful integration of electric buses into the city’s public transport network. The collaboration between local and central government agencies is expected to bring about significant positive changes to urban transport, making Nashik a cleaner, more sustainable city in the near future.

Bamboo Furniture Market Set to Hit USD 21.9 Billion by 2032

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January 22, 2025

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Bamboo Furniture Market Set to Hit USD 21.9 Billion by 2032

The global bamboo furniture market is on an impressive growth trajectory, projected to reach a value of USD 21.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.2 percent. This surge is largely driven by a growing global awareness of sustainability, with consumers increasingly seeking eco-friendly, durable, and stylish alternatives to traditional wooden furniture.

Bamboo, a rapidly renewable resource, is quickly becoming the material of choice for both residential and commercial furniture, due to its versatility, durability, and aesthetic appeal. Compared to hardwood, bamboo offers several advantages: it is lightweight, strong, resistant to pests, and able to withstand moisture. Additionally, its minimal environmental impact and ability to grow quickly make it a preferred option for those prioritizing sustainability in their purchasing decisions. The popularity of bamboo furniture spans across various product categories, from chairs and tables to cabinets and shelving. This wide range of offerings caters to consumers looking for functional, environmentally conscious solutions for their homes and offices. As the market shifts toward sustainable living, the demand for bamboo furniture has surged, particularly among younger generations who are more inclined to support environmentally friendly brands.

The Asia Pacific region dominates the bamboo furniture market, accounting for 61.5 percent of the market share in 2023, valued at USD 7.5 billion. This dominance is driven by the region’s abundant bamboo resources, well-established manufacturing infrastructure, and strong demand for eco-friendly products. In contrast, North America and Europe show steady growth in the bamboo furniture sector, spurred by rising consumer awareness and a shift towards more sustainable living practices. Although Latin America and the Middle East & Africa are still emerging markets for bamboo furniture, they are experiencing gradual growth, as eco-conscious trends continue to gain momentum.

Key factors contributing to the rapid growth of the bamboo furniture market include the material’s affordability, availability, and durability. Bamboo is widely accessible, especially in Southeast Asia, and is more cost-effective than hardwood, which makes it a budget-friendly option for a wide range of consumers. Its high durability, resistance to wear and tear, and low-maintenance nature also make bamboo furniture a long-lasting investment for consumers. As the trend towards minimalist and modern designs continues to gain traction, bamboo’s ability to adapt to contemporary aesthetics positions it well for sustained growth in the coming years. With ongoing innovation and an increasing focus on sustainable production practices, the bamboo furniture market is set to expand further, catering to a growing demand for environmentally responsible, stylish, and affordable furniture solutions.

Turkish Furniture Industry Soars to Global Heights

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January 22, 2025

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Turkish Furniture Industry Soars to Global Heights

Turkey’s furniture sector is experiencing remarkable growth, cementing its position as a key player in the global market. According to Trade Minister Ömer Bolat, the country’s furniture exports now account for 2 percent of the world’s total, elevating Turkey to seventh place among global furniture exporters.

At the opening of the International Istanbul Furniture Fair (IIFF), Bolat highlighted the sector’s extraordinary success, noting that Turkish furniture exports have surged from $250 million in 2002 to $4.5 billion today – a remarkable eighteenfold increase. This growth is underscored by the country’s increasing focus on quality, innovative design, and aesthetic craftsmanship, positioning Turkish furniture as a competitive force in the global marketplace. The IIFF, organized by the Federation of Furniture Associations (MOSFED), has become a major event on the international furniture calendar. This year, Istanbul’s Expo Center and Tüyap Expo Center have transformed into expansive exhibition hubs, showcasing Turkey’s growing presence in the global furniture trade. With more than 1,000 companies participating, the fair highlights the diversity and sophistication of Turkish furniture products, which range from high-end designs to functional, mass-market options.

In addition to its success in furniture exports, Turkey’s broader wood, forest, and paper products sector also contributes to its robust performance in the global market. Bolat noted that when these products are included, the total export volume for the sector reaches an impressive $8 billion annually. Looking ahead, the Turkish government aims to build on this momentum, setting a target of $12 billion in exports. The government’s support for the industry is evident, with Bolat revealing that the Trade Ministry provided 87.5 million Turkish Liras in booth support for last year’s fair, and this year will contribute subsidies covering 50% of participation costs for over 1,000 companies. This growth trajectory reflects Turkey’s broader strategy of transforming its manufacturing sectors into global leaders, driven by a commitment to innovation, quality, and design excellence.

Fall in National Highway Project Awards May Slow Construction in the Next Two Years

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January 22, 2025

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Fall in National Highway Project Awards May Slow Construction in the Next Two Years

The road transport ministry in India is facing challenges in its national highway development programme, as the awarding of new projects has significantly decreased in 2023-24. This slowdown in project awards is expected to impact the pace of construction over the next two years, as the ministry has revised its targets and adjusted its projections for future highway expansion.

In the current financial year, the government is hopeful of meeting its target of constructing 10,400km of national highways (NHs). As of mid-January 2025, approximately 6,000km of roads have already been built, and the pace typically accelerates during the fourth quarter (January-March), when construction efforts usually double. With this seasonal boost, the ministry is optimistic about surpassing its current target and potentially reaching 11,000km of construction by the end of the fiscal year.

However, the road ahead looks more challenging for the next two years, as the number of national highway projects awarded in the present financial year has been relatively low. Data from the road transport ministry shows that as of mid-January, only around 3,800km of projects have been awarded, a slight increase from last year but still far below the levels of previous years. This reduction in the awarding of new projects signals a potential slowdown in the overall highway development. The pace of highway construction is directly linked to the number of new projects that are awarded and subsequently implemented. Given that it takes at least two years for a highway stretch to be constructed from the award date, the decline in new projects will inevitably impact the completion timelines for future roads.

Despite these concerns, the road transport ministry is hopeful that it will be able to surpass last year’s award figure of 8,581km, having already made progress in the approval and bidding of several key projects in recent months. The revised target for 2025 is set at 8,000km, reflecting a more cautious approach considering the current slowdown. Historically, the national highway sector has experienced strong growth in project awards, with the ministry successfully awarding 10,964km in 2020-21 and 12,731km in 2021-22. In FY 2023, the total award figure was 12,379km. However, with the recent decrease in new project awards, the ministry has had to revise its expectations for the coming years.

One of the primary reasons for the reduced number of awards is the slower pace of project approvals and a reduction in the number of bids issued. Nonetheless, the ministry has worked to expedite the appraisal and approval process, addressing certain bottlenecks that had previously delayed project implementation. Officials remain hopeful that, with improved systems in place, the sector can regain momentum and continue contributing to the country’s infrastructure growth. While the slowdown in national highway projects may pose challenges, the government is committed to ensuring that the targets set for the current year are achieved. The hope is that the recent improvements in the approval and bidding processes will set the stage for a stronger highway development push in the coming years, allowing India’s road infrastructure to continue growing at a steady pace despite the short-term dip in project awards.

DGCA Partners with ICAO to Integrate eVTOLs and Advanced Air Mobility in India

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January 22, 2025

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DGCA Partners with ICAO to Integrate eVTOLs and Advanced Air Mobility in India

The Directorate General of Civil Aviation (DGCA), India’s aviation regulatory body, is taking significant steps toward the integration of advanced air mobility (AAM) technologies into the country’s airspace. On January 22, 2025, DGCA chief Faiz Ahmed Kidwai announced that the authority is collaborating with the International Civil Aviation Organization (ICAO) and various global aviation agencies to explore and refine regulatory frameworks for emerging technologies, particularly Electric Vertical Take-Off and Landing (eVTOL) aircraft.

AAM, which refers to the use of electric aircraft for short to medium-range urban air mobility, is gaining traction worldwide. In India, several companies are already exploring eVTOL designs that could revolutionise how cities handle transportation. However, as Kidwai stressed, innovation in this area must never compromise safety. The DGCA is placing a strong emphasis on ensuring that the integration of eVTOLs into national and international airspace is smooth, secure, and compliant with safety standards. To guide the process, the DGCA has formed six working groups tasked with addressing different aspects of AAM integration. These groups are focusing on key areas such as the certification of eVTOLs, vertiports (take-off and landing hubs), crew licensing, air navigation and traffic management, as well as maintenance, repair, and overhaul (MRO) services. In fact, the DGCA has already published reports on vertiports and eVTOL certification in September 2024, and the report on crew licensing is expected to be released soon.

The focus on certification and safety reflects a fundamental challenge for regulators: ensuring that new technologies meet rigorous safety standards while seamlessly integrating into existing aviation systems. As Kidwai noted during his speech at the International Conference on Air Mobility in Greater Noida, safety is not just a regulatory requirement; it is essential for the long-term success and acceptance of AAM technologies. The collaboration with ICAO and other aviation authorities around the world is particularly crucial for harmonising India’s regulatory framework with international standards. As global leaders in aviation safety, ICAO’s guidelines will help shape the future of AAM, ensuring that India’s airspace can accommodate these innovative aircraft without disrupting conventional air traffic.

However, the transition to advanced air mobility is not without its challenges. Kidwai pointed out several hurdles, including the need to develop new infrastructure such as vertiports, airspace corridors, and unmanned traffic management systems. There are also broader societal and environmental concerns to address, including the impact of AAM on communities and ecosystems. Integrating these new systems with existing air traffic management processes poses technical complexities that must be navigated carefully. Despite these challenges, the DGCA is optimistic about the future of AAM in India. The development of eVTOLs and related technologies is expected to contribute significantly to urban mobility solutions, particularly in congested cities. The ability to quickly and efficiently transport passengers across urban landscapes could help alleviate traffic congestion and reduce pollution, offering a greener alternative to traditional modes of transport. the DGCA’s ongoing collaboration with ICAO and other global aviation authorities is a step toward ensuring that India remains at the forefront of the AAM revolution. By prioritising safety and working on the necessary regulatory frameworks, the DGCA is helping lay the foundation for a new era of air travel that could transform urban mobility in India and beyond

How Technology and Policy Shape Real Estate Transformation

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January 22, 2025

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How Technology and Policy Shape Real Estate Transformation

India’s real estate and infrastructure sectors are undergoing a transformation, driven by rapid technological advancements and progressive policy frameworks. The adoption of technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and Building Information Modelling (BIM) has revolutionised construction, planning, and management processes. Simultaneously, policies like RERA and the Smart Cities Mission have laid the foundation for accountability and futuristic development.

The real estate industry, contributing nearly 7% to India’s GDP, is projected to reach $1 trillion by 2030. This growth demands robust, tech-enabled practices to address challenges like urban overcrowding, rising construction costs, and environmental sustainability. Policies have emerged as enablers, steering stakeholders towards transparency and efficiency. For instance, RERA ensures accountability among developers, fostering trust among homebuyers.

Technology Driving Modern Infrastructure

Innovative technologies are reshaping real estate practices, enhancing efficiency, and minimising environmental impact. Smart technologies like IoT-enabled sensors monitor building energy usage, optimising consumption. AI tools facilitate predictive maintenance, ensuring safety and reducing operational costs. BIM has emerged as a game-changer in project planning, enabling developers to visualise and mitigate risks early.

The construction sector, traditionally labour-intensive, has also embraced automation. Prefabrication, for instance, accelerates project timelines by up to 30%, reducing waste and labour costs. Drones are now a common sight on construction sites, aiding in land surveys and progress monitoring. Such advancements highlight how technology not only enhances productivity but also addresses long-standing inefficiencies in infrastructure projects.

Policy: The Backbone of Resilient Growth

While technology propels innovation, policy acts as the backbone, ensuring growth is equitable and sustainable. The Smart Cities Mission, which aims to develop 100 smart cities, emphasises tech-driven urban planning. However, its success depends on cohesive efforts between policymakers and industry stakeholders.

Affordable housing, a pressing civic issue, benefits from policies such as the PMAY scheme, which has delivered homes to over 11.72 million beneficiaries. Furthermore, tax incentives for green buildings have encouraged developers to adopt eco-friendly practices. The focus on urban renewal and mass transit systems, supported by policies like the Metro Rail Policy, aligns with India’s goal of creating sustainable cities.

The Sustainability Imperative

Sustainability is at the core of technology and policy integration in real estate. Green building certifications, energy-efficient designs, and renewable energy installations are becoming mainstream. Developers are now aligning with global sustainability goals, reducing carbon footprints through solar energy, water recycling, and sustainable materials.

However, challenges persist. Urban expansion often comes at the cost of ecological balance. Policies must evolve to address this, enforcing stricter norms for biodiversity preservation and waste management. Technology can support these initiatives by offering solutions like smart waste segregation and eco-friendly construction methods. With urban populations projected to double by 2050, sustainable practices are not just desirable but indispensable.

Bollywood Legend Amitabh Bachchan Global Real Estate Ventures

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January 22, 2025

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Bollywood Legend Amitabh Bachchan Global Real Estate Ventures

Amitabh Bachchan, Bollywood’s legendary “Shahenshah,” is not just an icon in Indian cinema but also a formidable name in real estate. His calculated investments in luxury properties across India and globally underscore his business acumen. Recent headlines spotlighted Bachchan’s Rs 83 crore sale of a plush Mumbai apartment, which earned him a staggering profit of Rs 52 crore. This transaction is a testament to his strategic approach to wealth building beyond films, marking him as one of the industry’s most astute investors.

Living in the iconic Jalsa bungalow, valued at an estimated Rs 120 crore, Bachchan’s real estate journey began decades ago. Spread over 10,125 square feet in Juhu, Mumbai, Jalsa has been the Bachchan family’s cherished residence for over 30 years. Beyond Jalsa, Big B owns three more bungalows in Mumbai, cementing his reputation as a real estate connoisseur.

An Expanding Portfolio: Multi-Crore Investments

In recent years, the Bachchan family’s property acquisitions have attracted significant attention. Reports indicate that Amitabh and his son, Abhishek Bachchan, jointly invested Rs 100 crore in real estate in 2024 alone. From 2020 to 2024, they infused Rs 200 crore into diverse property ventures. One notable deal involved the purchase of ten apartments in Mumbai’s Mulund West for Rs 24.95 crore, six of which were acquired by Abhishek.

Additionally, Amitabh purchased a three-floor office space in Andheri West for Rs 60 crore, further diversifying his real estate holdings. Outside Mumbai, his 2024 acquisition of 10,000 square feet of land in Ayodhya for Rs 14.5 crore hints at personal and cultural investment, with plans to construct a residence in the holy city.

A Global Touch to the Empire

Big B’s portfolio extends beyond Indian borders, reflecting a truly global vision. The actor owns a luxurious villa in Dubai, renowned for its architectural splendour. Adding a personal touch to his collection is an apartment in Paris, gifted by his wife, Jaya Bachchan. These properties not only enhance his stature but also serve as high-value investments, showcasing his diverse financial interests.

His presence in key cities like Delhi, Gurugram, Bhopal, and Prayagraj aligns with the trend of celebrity investors leveraging metropolitan growth for long-term gains. Such moves also reflect Bachchan’s understanding of urbanisation’s economic potential, positioning him as a visionary investor.

Sustainability and Civic Perspectives

Amitabh Bachchan’s investments are a reflection of urban growth, yet they also present an opportunity to emphasise sustainability. With Mumbai grappling with a housing crisis, Big B’s ventures underline the necessity for balancing luxury real estate with sustainable urban planning. His portfolio spans key urban centres, reinforcing the need for eco-friendly construction and infrastructure in rapidly expanding cities.

From reducing the environmental impact of large-scale projects to promoting sustainable practices in luxury real estate, Big B’s investments can inspire developers to adopt greener approaches. As urbanisation accelerates, stakeholders must address civic concerns like housing accessibility, traffic management, and ecological balance to create more inclusive cities.

AM/NS India to Launch 2 Million Tonne Automotive Steel Capacity

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January 22, 2025

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AM/NS India to Launch 2 Million Tonne Automotive Steel Capacity

ArcelorMittal Nippon Steel India (AM/NS India) is set to significantly expand its footprint in the domestic automotive steel market with the commissioning of a new 2 million tonne production capacity at its Hazira plant by March 2025. This move, which involves an investment of ₹85 billion, aims to eliminate India’s reliance on imported steel in the automotive sector, aligning with the government’s ‘Atmanirbhar Bharat’ initiative to strengthen the country’s self-sufficiency.

The new production capacity will be dedicated to manufacturing advanced automotive steel products. The expansion includes the installation of two key units: a Continuous Galvanizing Line (CGL) and a Continuous Galvanizing and Annealing Line (CGLA). These units will be equipped with cutting-edge technology, leveraging expertise from both ArcelorMittal and Nippon Steel, to produce high-strength steel with tensile levels reaching up to 1180 MPa in both coated and uncoated forms. The automotive industry in India currently consumes around 7.8 million tonnes of steel annually, a number expected to grow by 7 percent each year. However, approximately 15 percent of this demand is met through imports. With the new production lines in place, AM/NS India intends to reduce this import dependency and provide the industry with domestically produced, high-quality steel. The company has already made headway in this space, having supplied 1.2 million tonnes of auto-grade steel, with plans to capture 30-35 percent of the domestic auto-grade steel market.

Ranjan Dhar, Director and Vice-President of Sales and Marketing at AM/NS India, highlighted the importance of this expansion, noting that the move would not only meet growing demand but also offer a cost-effective solution for automakers, reducing the need for imports and improving India’s competitive edge in the global automotive market. In addition to the automotive steel project, AM/NS India has ambitious plans to ramp up its overall crude steel production capacity to 15 million tonnes per annum by 2026, a significant increase from its current capacity of 9 million tonnes. This expansion, which will involve an investment of over ₹600 billion, reflects the company’s long-term commitment to supporting India’s industrial growth. The company is also showcasing its advanced automotive solutions, including ArcelorMittal’s Multi Part Integration (MPI) solutions, at the Bharat Mobility Global Expo. These innovations promise to offer automotive manufacturers cost efficiencies, reduced production costs, and streamlined processes, positioning AM/NS India as a key player in the evolving automotive steel market.

Technology Driving Modern Infrastructure

Policy: The Backbone of Resilient Growth

The Sustainability Imperative

An Expanding Portfolio: Multi-Crore Investments

A Global Touch to the Empire

Sustainability and Civic Perspectives

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