India's oil, auto majors team up for green fuel


NEW DELHI, Aug 25 (Reuters) - Indian Oil Corp. (IOC), the country's largest refiner, and leading automobile maker Mahindra & Mahindra signed an agreement on Wednesday to work towards making India's first hydrogen-powered engine in two years. "In the context of rising crude oil prices and over-dependence on fossil fuels, there's an imperative need to do pioneering research in developing alternative fuels," IOC Chairman M.S. Ramachandran told reporters. The two companies would test and ...

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