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IOC, M&M venture

NEW DELHI, AUG. 25. The Indian Oil Corporation today joined hands with the auto major Mahindra and Mahindra (M&M) to research on alternative fuels and energy that may lead to roll-out of India's first hydrogen engine in the next two years.

The two firms will jointly research making automobile engines that would run on bio-diesel (conventional diesel doped with non-edible oil) and hydrogen.

The IOC Chairman, M. S. Ramachandran, and the M&M Vice Chairman and Managing Director, Anand Mahindra, signed the memorandum of collaboration here. — PTI

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