Formula 1 and the Dutch Grand Prix promoter have agreed a one-year contract extension that will keep Circuit Zandvoort on the Formula 1 calendar until the 2026 season. The promoter has decided not to continue on the schedule after 2026, following extensive thought and debate.

The resumption of the Dutch Grand Prix in 2021 coincided with an era of dominance for local star Max Verstappen, who has won the race three times and been named World Champion in each of the event's four editions. The event has become well known for its experience, with Dutch and foreign tourists alike converging to see the thrill of Formula 1, Formula 2, Formula 3, F1 Academy and other teams battle around the circuit's famed banked bends. It has also established itself as a premier sustainable sports event, pioneering technology that are now utilised throughout the Formula One season.

The 2025 edition of the event is scheduled to take place from 29 to 31 August. The date for the last race in 2026, which will feature a Sprint for the first time at the Dutch Grand Prix, will be confirmed next year. Tickets for the 2025 race are already being sold, and details on the 2026 final event will be released soon.

Stefano Domenicali, President and CEO, Formula 1, said, “I am incredibly grateful for the work that the team at the Dutch Grand Prix have done in recent years. They raised the bar for European Grands Prix in terms of event spectacle and entertainment, supported the development of young talent by hosting F2, F3 and our F1 Academy series and have also pioneered sustainable solutions that have inspired our events around the world as we drive towards being Net Zero by 2030. All parties positively collaborated to find a solution to extend the race, with many options, including alternation or annual events on the table, and we respect the decision from the promoter to finish its amazing run in 2026. I want to thank all the team at the Dutch Grand Prix and the Municipality of Zandvoort who have been fantastic partners to Formula 1.”

Robert van Overdijk, Director, Dutch Grand Prix, said, “The Dutch Grand Prix is the result of a unique collaboration between SportVibes, TIG Sports and Circuit Zandvoort, who shared the ambition of bringing the race back to the Netherlands. What we have achieved so far is undoubtedly a huge success. The appreciation from our visitors, drivers and teams has been unprecedented, and we are incredibly proud of that. While today’s announcement signals the end of a monumental era, we are confident there is plenty more for fans to look forward to at the Dutch Grand Prix in 2025 and 2026, including the Sprint in 2026. We are a privately owned and operated business, and we must balance the opportunities presented by continuing to host the event, against other risks and responsibilities. We have decided to go out on a high with two more incredible Dutch Grands Prix in 2025 and 2026. We wanted to take this step while our event is adored and supported by passionate fans, residents and the Formula 1 community. I want to thank Stefano Domenicali and all the team at Formula 1 for the hard work that has seen multiple contract extensions realised and the Dutch Grand Prix be such a success.”

Comments (0)

ADD COMMENT

Link Copied!

Mahindra & Mahindra (M&M) has reported a twenty-fold surge in granted patents over the past decade, rising from just 56 patents accumulated since its inception through fiscal year 2016 to 1,334 by fiscal year 2026. The Indian automotive and farm equipment major attributed this leap to sustained investment in research and development, alongside a firm backing of the ‘Make in India’ initiative. As of March 2026, the company’s total patent applications reached 2,728, underscoring a systematic drive toward technological innovation and engineering excellence.

An analysis of the 1,334 granted patents reveals that 60 percent are linked to the automotive business, while the remaining 40 percent belong to the farm equipment division. The company’s application-to-patent conversion ratio has improved dramatically from just eight percent in fiscal 2016 to over 65 percent for applications filed in the last 10 years. This patent portfolio also includes filings from M&M’s subsidiary, Mahindra Electric Automobile Ltd, reflecting a broadening scope of intellectual property development.

Beyond the numerical growth in patents, M&M’s expanded research capabilities have enabled more immersive technological experiences for customers. The company has also garnered multiple prestigious accolades in the past year alone, including the CII IP Award for Best Patent Portfolio, recognition as one of India’s Top 50 Innovative Companies 2025, the CII National Award for Industry-Academia Partnership, the Questel IP Excellence Award and honours at the CMO Asia Awards 2025.

Comments (0)

ADD COMMENT

Link Copied!

Venttup, a Manufacturing as a Service (MaaS) company,  has announced the appointment of Prashanth R. Menon as strategic advisor. He will work on the company’s strategy, expansion plans and growth roadmap, with a focus on profitability.

The company seeks to connect industries with manufacturing solutions from India and focuses on innovation to alter the manufacturing sector by aligning efficiency with the demand for sustainability.

Menon has experience in strategy, operations and business transformation. He previously served as Director – India at Tesla, where he managed the strategy for the company's entry into India and established its operations. He also served as Chairman of the Board for Tesla India.

Sandeep Nair, Co-Founder & CEO, Venttup, said, “We are excited to welcome Prashanth R. Menon to Venttup. His deep global experience in strategy and transformation, combined with his leadership in scaling global organisations, will help us accelerate our journey towards building a world-class manufacturing startup from India. We are focused on localisation and rapid development of critical components to support the growing deep-tech ecosystem."

Prior to his role in India, Menon was Director – Advisory at Tesla US, where he led teams focused on revenue, productivity and cost. Earlier in his career, he worked with EY, advising on corporate strategy, mergers and acquisitions, supply chain management and working capital.

Prashanth R. Menon, said, “I am impressed by the outlook and the energy of the Venttup leadership team, and their vision to build a sustainable and local supply chain to fulfill global needs. Venttup has a promising business model, and it is aligned with the Government of India’s “Make in India” initiative. I am looking forward to guiding the team in achieving their growth and operational goals.”

Menon will work with the founders and leadership team to shape the growth roadmap, drive expansion and manage scalability. He will also support investor engagement and partnerships.

Bhaskar Majumdar, Managing Partner, Unicorn India Ventures, added, “A warm welcome to Mr Menon to the Venttup Advisory team. His deep industry experience, decades of global exposure in the US, strong understanding of evolving global supply chain dynamics, and keen interest in contributing to India’s manufacturing deep-tech ecosystem will significantly strengthen Venttup’s scale-up strategy and growth journey."

Comments (0)

ADD COMMENT

Link Copied!

L&T Technology Services (LTTS) has officially announced the induction of Amitabh Kant and Rajeev Gupta to its Board of Directors, effective 22 April 2026. The appointments were finalised during the same board meeting where the company approved its FY2026 financial results, reporting a 14 percent revenue growth.

The additions to the Board aim to strengthen the company’s governance and strategic focus on ‘Engineering Intelligence’ and sustainable global growth.

Amitabh Kant is one of India’s most influential policy architects, previously serving as the CEO of NITI Aayog and as India’s G20 Sherpa. His 5-year term (extending to April 2031) is expected to provide strategic depth in innovation, sustainability and international economic transformation.

Rajeev Gupta, Executive Director has served as the Chief Financial Officer at LTTS since 2020. He has been promoted to the Board for a 3-year term and has nearly three decades of experience at firms like Amazon, PwC and Capgemini. He has been central to LTTS’ financial resilience and M&A strategy.

The leadership changes come as LTTS recalibrates its portfolio toward high-growth, technology-driven sectors. The company recently divested its Smart World and Communication (SWC) business to sharpen its focus on AI-integrated engineering services.

Amit Chadha, CEO & MD, L&T Technology Services, said, “We are delighted to welcome Amitabh Kant to the LTTS Board. His unparalleled experience in shaping India’s growth story, coupled with his forward-looking vision on innovation and sustainability, will be invaluable as we scale new heights globally. I also congratulate our CFO, Rajeev Gupta on his appointment to the Board. His strong financial stewardship and strategic acumen have been instrumental in strengthening LTTS’ growth trajectory, and we look forward to his continued contributions at the Board level.”

Rajeev Gupta, added, “I am honoured to be inducted into the Board of Directors at LTTS. It is a privilege to be part of such an esteemed group of Board Members and I look forward to contributing to the company’s continued growth and value creation journey.”

Comments (0)

ADD COMMENT

Link Copied!

TUV Rheinland, a global leader in independent testing and certification, has inaugurated its state-of-the-art Automotive Component Testing Laboratory (ACT Lab) in Manesar, Haryana. The facility is designed to support the Indian automotive industry by providing globally recognised testing for both conventional and electric vehicle (EV) components.

Strategically located in a major automotive hub, the lab focuses on accelerating time-to-market for manufacturers while ensuring compliance with evolving international and OEM-specific standards.

The ACT Lab offers a comprehensive range of end-to-end testing solutions under one roof, utilising advanced systems from leading international manufacturers:

• Structural & Durability Testing: Includes fatigue and lifecycle assessments for critical components to ensure long-term reliability.
• Environmental Simulation: Replicates extreme real-world conditions to test component resilience against corrosion, temperature fluctuations and moisture.
• Material Analysis: Provides deep insights into the performance and composition of both metals and polymers used in next-generation vehicle architectures.
• Operational Replication: The facility is specifically engineered to replicate the operational environments of diverse automotive sub-assemblies.

The investment highlights India's role as a high-growth market within TUV Rheinland’s global mobility portfolio. The facility acts not just as a testing centre but as a collaborative platform for innovation in the electric mobility ecosystem.

Dr. Matthias Schubert, Executive Vice-President Mobility at TUV Rheinland Group, said, “Our investment in the Automotive Component Testing Laboratory in Manesar reflects TUV Rheinland’s long-term strategic commitment to India as a key growth market. As the mobility sector undergoes rapid transformation, this facility enables us to support manufacturers with advanced testing capabilities that not only ensure compliance but also drive innovation, safety, and global competitiveness.”

Rajendra Kisanrao Bandal, Vice-President, Mobility at TUV Rheinland India, added, “This facility goes beyond a conventional testing laboratory – it is a platform for collaboration and innovation. Combining global expertise with local insight, it enables manufacturers to enhance quality, reliability, and performance, while strengthening India’s position in the global mobility landscape.”

Comments (0)

ADD COMMENT

Link Copied!