
Hyundai's Green Engine Testing Technology Saves Over 2 Million Kg Of CO2 Emissions
Hyundai Motor India Limited (HMIL) crossed a major landmark in sustainable manufacturing, having tested over 4.25 million engine units using its innovative cold bed engine testing technology - a process that eliminates the need for fuel, coolant, and water. In a first-of-its-kind approach, Hyundai has replaced traditional fuel-based engine testing with a fully electric, zero-emission system powered by renewable energy. Introduced in 2013, this cold bed testing method uses electric motors and smart sensors to evaluate engine performance, making the process not just cleaner but also more precise.
The switch to cold bed engine testing allowed HMIL to prevent over 2 million kilograms of CO2 emissions, aligning with Hyundai's global goal of achieving carbon neutrality by 2045. In addition to its environmental benefits, the company estimates operational cost savings of nearly USD 1 million, while also enhancing workplace safety and testing efficiency.
Unlike conventional hot testing methods that rely on burning fuel, cold bed engine testing involves placing each engine into a dedicated station where an electric motor rotates the crankshaft. A suite of high-tech sensors then monitors various performance indicators - such as crankshaft angle, engine compression, and chamber pressure - to ensure every unit meets Hyundai's quality benchmarks.
All data from these tests is stored digitally, contributing to ongoing research and allowing engineers to track long-term trends for continuous product improvement. The fully automated system is also integrated with Industry 4.0 protocols, reinforcing HMIL's push towards smart manufacturing.

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India Gazette
34 minutes ago
- India Gazette
Supply not an issue for India, price is; If crude price crosses USD100, India will be impacted: Experts
By Nikhil Dedha New Delhi [India], June 23 (ANI): Amid the ongoing conflict in the Middle East and rising crude oil prices, energy experts have said that oil supply through the Strait of Hormuz is unlikely to be immediately affected, though risks remain if tensions escalate further. Industry experts, in conversations with ANI, stated that the situation in the region remains tense after the recent US action against Iran, but the general hope is that oil supply routes will stay open. MK Surana, former chairman of Hindustan Petroleum Corporation Limited (HPCL), told ANI, 'India has done well to diversify its supply sources in the last few years, and our dependency on Straits of Hormuz and supply from the Middle East is lesser now than what it was earlier. But any disruption in the Straits and Middle East supply will definitely affect crude oil prices globally. Therefore, for India, pricing is a bigger concern than the availability.' Surana added that immediately, there is unlikely to be any disruption in supply through the Strait of Hormuz. 'Post US action on Sunday in Iran, the situation is of an uneasy calm awaiting Iranian response. General understanding and hope is that the supply chain through the Straits of Hormuz will not get blocked in reality and Iran will not precipitate actions that will damage any oil infrastructure in the neighbouring countries,' he said. However, 'Despite a looming threat, till these two situations hold, the crude oil prices are unlikely to go above the USD 80 range, though there may be occasional spikes depending on news flow. But if any of the two situations happens in reality, the crude prices will rise sharply,' noted the ex-HPCL Chairman. Surana explained that fundamentally, based on supply-demand projections and without the current geopolitical tensions, crude oil prices would be in the range of USD 60 to 65 per barrel. Prominent energy expert Narendra Taneja echoed similar views. He told ANI, 'The Strait of Hormuz has never ever been closed or blocked in history. It will be a major escalation if there is any attempt on the part of Iran to close the Strait. The US would most likely respond militarily and not let Iran block it. Major oil exporters Saudi Arabia, Kuwait, and Iraq would also protest. Big importers like China and India would protest.' On the impact on India, Taneja stated, 'Almost 39 per cent of our oil import tankers pass through the Strait of Hormuz. So, the impact on India would be there, but our biggest worry is the price, not the supply or availability. If Iran is allowed to succeed in blocking the Strait, oil prices may go up to USD 150 per barrel.' Madan Sabnavis, Chief Economist of Bank of Baroda, said, 'A 10 per cent increase may not have much of an impact on the economy where the fundamentals are robust. But if it is over USD 100 for a prolonged period of time, it would mean virtually a 25 per cent increase over the base case assumption and can have a major impact on these variables.' He added that the impact on GDP will depend mainly on how inflation behaves and how it affects consumption. Ajay Srivastava of Global Trade and Research Initiative (GTRI) highlighted India's vulnerability, stating, 'India is especially vulnerable to a possible Strait of Hormuz closure. Nearly two-thirds of its crude oil and half of its LNG imports transit this route. Any closure could send oil prices soaring, sharply inflating India's import bill, worsening inflation, and putting pressure on the country's fiscal position.' 'The Strait, which carries nearly 25 per cent of global oil shipments and significant LNG volumes, remains open for now. The parliamentary vote is not binding; a final decision rests with Iran's Supreme National Security Council, which is still deliberating. While no closure has been enacted yet, the risk of disruption looms amid escalating U.S.-Iran tensions,' he noted further. Meanwhile, Union Petroleum Minister Hardeep Singh Puri, while speaking with ANI, assured that India is prepared for such risks. He said, 'We had diversified the sources of supply. Out of the 5.5 million barrels of crude oil that India consumes daily, about 1.5 to 2 million come through the Straits of Hormuz. We import roughly 4 million barrels through other routes.' Puri added, 'Our oil marketing companies have enough stocks. Most of them have stocks up to three weeks. One of them has 25 days' stock. We can increase the supply of crude through other routes. We are in touch with all possible actors.' As tensions in the Middle East continue, India and global markets remain watchful, hoping that the vital Strait of Hormuz stays open and uninterrupted to avoid a sharp rise in crude oil prices. (ANI)


Time of India
an hour ago
- Time of India
Israel-Iran tensions could widen India's CAD by 0.3% of GDP, says ICRA
If the heightened tension in the West Asia pushes average crude prices by USD 10 per barrel, it will typically push up India's net oil imports by nearly USD 13-14 billion during the year, enlarging the India's CAD by 0.3 per cent of GDP, noted a recent report by ICRA . "If the average crude oil price rises to USD 80-90/bbl in FY2026, then the CAD is likely to widen to 1.5-1.6% of GDP from our current estimate of 1.2-1.3% of GDP. This would also exert pressure on the USD/INR pair during the fiscal," ICRA said. The report says the conflict between Iran and Israel, which began on June 13, 2025, pushed crude prices from USD 64-65/bbl to USD 74-75/bbl. Now, after the US strike on Iran's nuclear sites, Iran has announced that it will close the Strait of Hormuz , which can disrupt the global crude supply. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why Walgreens Hides This Cheap 87¢ Generic Cialis Health Alliance by Friday Plans "Iran straddles the (Strait of Hormuz), which remains one of the key energy choke points, through which almost 20 per cent of global liquids and liquified natural gas (LNG) is traded, " noted the report. ICRA also expects change in crude oil prices is likely to translate faster into the WPI than the CPI amid different weightage mix in both these indices; for every 10 per cent increase in crude oil prices, the WPI inflation will rise by 80-100 bps, compared to 20-30 bps in CPI inflation, provided the transmission into RSPs of petrol and diesel takes place. Live Events India imports crude from Iraq, Saudi Arabia, Kuwait and the UAE, which is routed through the SoH, and it accounts for approx. 45-50 per cent of the total crude oil imports to India. Additionally, ICRA believes that "any sustained disruption in supplies from Iran, and/or spread of the conflict to other large producers in this area and/or any disturbance in the trade route through SoH could drive energy prices higher." On the natural gas side, nearly 54 per cent of natural gas imports for India pass through SoH, and a major share of the term LNG originates from Qatar and the UAE. And any disruption in the SoH may result in supply uncertainties from Qatar and the UAE, which may result in higher dependence on the spot LNG market.


Time of India
an hour ago
- Time of India
PhonePe ropes in bankers for launching IPO
Country's biggest fintech firm PhonePe has roped in bankers -- Kotak Mahindra Capital , JPMorgan Chase, Citigroup and Morgan Stanley -- for launching its initial public offering, sources aware of the development said. The Walmart group firm had last raised Rs 7,021 crore (around USD 850 million) at a pre-money valuation of USD 12 billion (about Rs 1 lakh crore) from investors like General Atlantic, Walmart, Ribbit Capital, TVS Capital Funds, and Tiger Global in the financial year 2023. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo "PhonePe has appointed Kotak Mahindra Capital, JPMorgan Chase, Citigroup and Morgan Stanley for launching the IPO. The details of the IPO are yet to be discussed and finalised," a source, who did not wish to be identified, told PTI. When contacted, PhonePe declined to comment on the development. PhonePe investors, led by Walmart, paid almost Rs 8,000 crore (close to USD 1 billion) in taxes to the Indian government to affect PhonePe's domicile shift to India from Singapore in 2022. Live Events Founded in 2016, PhonePe has raised around Rs 18,000 crore till date. The company was last reported to have over 61 crore registered users and more than 4 crore merchants on its platform. As of May 2025, PhonePe had recorded more than 34 crore daily transactions and total payment value of over Rs 150 lakh crore through its platform. PhonePe had posted a consolidated net profit, excluding ESOP costs, of Rs 197 crore for fiscal year 2023-24. It had incurred a loss of Rs 738 crore in the preceding fiscal. Revenue in FY24 was Rs 5,064 crore, 73.7 per cent higher than Rs 2,914 crore in FY23.