Utility vehicle manufacturer Mahindra & Mahindra has signed an agreement with oil major Indian Oil Corporation to research alternative fuels and energy that may lead to the roll-out of India’s first hydrogen engine in the next two years.
The key areas of research will be bio-diesel and hydrogen with IOC doing the fuel research and Mahindra undertaking the implementation and testing.
The research is significant as a major oil company is investing in alternate fuel technology. Mahindra is the second major manufacturer after DaimlerChrysler to invest in bio-diesel technology and perhaps the first Indian manufacturer to be looking seriously at hydrogen power.
The two companies expect their first hydrogen powered engine to be running in two years.
Deepesh Rathore / Tilak Swarup
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData