Car manufacturers are increasingly turning to 'green steel' in an effort to reduce carbon emissions, driven by surging passenger vehicle sales due to festive demand. Despite not being completely carbon-free, the adoption of green steel signifies a substantial shift in industry practices.
In other news, the Airports Authority of India's plan to expand Coimbatore airport has hit a roadblock. The Tamil Nadu government has refused to transfer land ownership necessary for the expansion project. The reasons behind the decision were not detailed in the context.
Meanwhile, a recent report by Mercer has identified Mumbai as the most expensive city for expatriates living in India. This finding highlights the city's high cost of living and could potentially impact future decisions by multinational corporations regarding employee placements.
Lastly, a comprehensive calculation of the total cost of ownership for electric vehicles was conducted, using Tata Motors (NYSE:TTM)' Nexon EV Empowered MR as an example. The study took into account various factors including state subsidies. However, specific details or results from this calculation were not provided in the context.
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