Force Motors forms JV with Rolls-Royce

Mumbai
Rolls-Royce Power Systems on Tuesday inked a pact with Force Motors to set up a 49:51 joint venture facility to produce MTU series engines at an initial investment of over Rs 300 crore. The JV will be executed between Force Motors and Germany’s MTU Friedrichshafen, which is an arm of Rolls-Royce Power Systems AG. PTI

Mumbai
EESL acquires UK-based firm Edina for Rs 493 crore

State-run Energy Efficiency Services Ltd (EESL) on Tuesday acquired the England-based combined heat and power (CHP) utility Edina for Rs 493 crore to further its strategy of adopting natural gas-based technologies to halve power cost, for large commercial establishments. PTI

New Delhi
Tata Motors to hike prices from April 1

Tata Motors on Tuesday said it would hike prices of its passenger vehicles by up to Rs 60,000 from April 1 to offset rising input costs. “The rising input costs, changing market conditions and various external economic factors, have compelled us to consider the price increase,” Tata Motors President, Passenger Vehicle Business, Mayank Pareek said. PTI

Chandigarh
Inflame Appliances to list on SME platform

Solan-based Inflame Appliances Ltd. has become the first appliance maker in the SME category to debut on the BSE’s SME platform. The company is engaged in the manufacturing of LPG stoves, cooktops and sheet metal components. TNS