Latest news with #ToyotaKirloskar
Associated Press
26-06-2025
- Automotive
- Associated Press
Toyota Kirloskar Motor and Ohmium Collaborate on Potential Opportunities to Develop Green Hydrogen Solutions in India
NEWARK, Calif. & BANGALORE, India--(BUSINESS WIRE)--Jun 26, 2025-- Ohmium International, a leading provider of Proton Exchange Membrane (PEM) hydrogen technology, has signed a Memorandum of Understanding with Toyota Kirloskar Motor Private Limited (India) in New Delhi. The parties will collaborate on the development of hydrogen-based solutions by integrating Toyota's PEM* fuel cell modules and Ohmium cutting-edge PEM electrolyzers. The event was graced by central and local government. The chief guest who presided was the Hon'ble Union Cabinet Minister Shri Nitin Gadkari, Minister of Roads, Transportation, and Highways along with the guests of honor, Shri Shripad Yesso Naik, Hon'ble Minister of State for New & Renewable Energy, Govt. of India, and Shri Manjinder Singh Sirsa, Hon'ble Minister of Environment, Industries, Food & Supplies and Forest & Wildlife, Govt. of NCT of Delhi. Additionally, Ms. Manasi Tata Kirloskar, Vice Chairperson of Toyota Kirloskar Motor, and Mr. Swapnesh R. Maru, Deputy Managing Director for Corporate Planning and the Green Field Project at Toyota Kirloskar Motor, also spoke about their support for this important endeavor The event took place at the Shangri-La Eros Hotel in New Delhi. The parties will explore potential partnership opportunities to harmonize advanced fuel cell technology with Ohmium's hyper modular and efficient system designs. Ohmium modules are factory assembled and tested to enable rapid, low-cost, and cost-effective installation. Toyota Kirloskar Motor Private Limited, supported by Toyota Motor Corporation Japan, will leverage their expertise in fuel cell technologies to drive innovation and sustainability in the transportation sector. Ohmium will contribute through its highly efficient and hyper modular PEM electrolyzer systems, which include advanced power electronics and closed-loop cooling systems. These initiatives aim to enhance the efficiency, scalability, and affordability of green hydrogen-based energy solutions. 'At Toyota, our vision for a sustainable future is grounded in innovation and meaningful collaboration. Today we are excited to announce this joint initiative that marks a significant milestone in advancing green hydrogen technology in India. By combining Toyota's globally renowned expertise in fuel cell systems and Ohmium's cutting-edge PEM hydrogen technology, we aim to deliver scalable, efficient and affordable solutions that accelerate India's journey toward a carbon-neutral future. Through this collaboration, we reaffirm our commitment to providing clean energy solutions in support of India's energy security and environmental sustainability goals,' said Mr. Sudeep Dalvi, Chief Communication Officer, Senior Vice President and Head of State Affairs - Toyota Kirloskar Motor. 'Toyota is known worldwide for their commitment and leadership in fuel cell and hydrogen technology. At Ohmium, we are very excited by the opportunity to work together on our joint mission of making green hydrogen-powered machines practical in the near and immediate term,' said Arne Ballantine, CEO of Ohmium. Ohmium is headquartered in the United States with manufacturing facilities in India and, through its operations worldwide, has a global green hydrogen project pipeline comprised of diverse applications ranging from refineries, transportation, steel, ammonia, methanol, and beyond. This joint endeavour demonstrates the commitment of both parties to advancing green hydrogen solutions to enable a hydrogen-based society. *PEM – Proton-exchange Membrane About Ohmium Ohmium designs, manufactures, and deploys modular, scalable Proton Exchange Membrane (PEM) electrolyzers that enable cost-competitive green hydrogen production. The company's suite of electrochemical products helps customers achieve their sustainable energy goals across various industrial, transportation, and energy projects. Headquartered in the United States with manufacturing facilities in India and operations worldwide, Ohmium has a global green hydrogen project pipeline exceeding 2 GW across three continents. In 2023, Ohmium raised $250 Million in Series C financing, led by TPG Rise Climate. View source version on CONTACT: For more information, please contact: Maria Quan [email protected] KEYWORD: NORTH AMERICA UNITED STATES ASIA PACIFIC EUROPE INDIA CALIFORNIA INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING UTILITIES GREEN TECHNOLOGY OIL/GAS ALTERNATIVE VEHICLES/FUELS ALTERNATIVE ENERGY ENVIRONMENT ENERGY SUSTAINABILITY CHEMICALS/PLASTICS SOURCE: Ohmium International Copyright Business Wire 2025. PUB: 06/26/2025 02:00 AM/DISC: 06/26/2025 01:59 AM
The Standard
12-06-2025
- Automotive
- The Standard
India in touch with China about supply chain predictability after rare earths curbs
Employees work inside a Toyota Kirloskar Auto Parts factory where the company builds E-Drives for its hybrid cars in Bidadi in the southern state of Karnataka, India, June 26, 2022. REUTERS/Aditi Shah
Time of India
02-06-2025
- Automotive
- Time of India
Maruti eyes 4 lakh exports to offset domestic slump
1 2 3 Kolkata: Maruti Suzuki has set a target of 4 lakh exports in 2025-26, a 20% growth over the 3.3 lakh cars it exported in 2024-25. Exports this May were 80% higher than last May. Aggressive exports helped the company overcome sluggish domestic sales, to record 3% overall sales growth. Domestic sales were down 5.5% in May as mini and compact car sales continued to slide, impacted by both the rise in prices of entry-level vehicles as well as due to sales taking a hit in key northwestern markets amid the conflict between India and Pakistan. Rahul Bharti, Maruti Suzuki's senior executive officer (corporate affairs), said the aggressive exports strategy compensated for the slowdown in the domestic market where industry retail sales were down 4%, according to Vahan figures. In April and May, Maruti Suzuki exported 59,130 cars. South Africa was the largest market, accounting for 27% of exports, followed by Japan at 16% and Chile at 11%. Maruti Suzuki exports to 100 countries. Fronx, Jimny, Baleno, Swift, Ertiga are the top export models. Once the company starts manufacturing the eVitara, it will export the car to Europe and Japan. The company has raised its exports over the past few years. It exported 2.4 lakh cars in 2021-22, 2.6 lakh cars in 2022-23, 2.8 lakh in 2023-24 and 3.3 lakh in 2024-25. The 4 lakh export target was higher than the 3 lakh sales clocked by Toyota Kirloskar, the fifth-ranked automaker in India, in 2024-25. In the domestic market, the three most sold cars in May were all Maruti Suzuki products: Dzire, Ertiga and Brezza. Even though sales this May were 5.5% lower than in May 2024. Senior executive officer Partha Banerjee attributed the decline in sales to the rise in the cost of entry-level cars, due to regulatory compliance, that made them unaffordable for a large section of potential customers. The mini segment is down 31.6%, with sales crashing from 9,902 units in May 2024 to 6,776 in May 2025. The compact segment also took a hit with sales down 11%, from 68,206 in May 2024 to 61,502 in May 2025. "The India-Pakistan conflict in May impacted sales in the border states of Punjab, Rajasthan, Gujarat and the Union territory of Jammu and Kashmir that contribute 22% to the company's sales pie. Many customers who took finance have not taken deliveries. Sales of vehicles to tourist taxi operators have also taken a hit," Banerjee said.
