New Delhi: The National Automotive Test Tracks (NATRAX), under the National Automotive Board (NAB), Union Ministry of Heavy Industries, is organizing a Conference on “Global Presence of Indian Test Agencies – Way Forward” in New Delhi on Saturday, 27th April 27, 2024. The Indian automotive industry has continuously grown since many decades and its accelerated… Continue reading NATRAX conference on ‘Global Presence of Indian Test Agencies – Way Forward’ in New Delhi on Saturday
Author: Economic Times of India Online News
India may not extend EV concessions to Chinese firms: Report
At present, cars imported as completely built units attract customs duty ranging from 70-100%, depending on the engine size and cost, insurance and freight value less or above USD 40,000. India may not extend electric vehicle concessions to Chinese EV companies like BYD owing to national security concerns, according to a report of Moneycontrol. “The… Continue reading India may not extend EV concessions to Chinese firms: Report
Honda to build electric vehicles and batteries in Ontario
Canada has wooed companies involved in all parts of the EV supply chain to bolster its manufacturing heartland in Ontario as the world seeks to cut carbon emissions. Honda will build electric vehicles and their parts in Ontario with financial support from the Canadian and provincial governments under a plan to be announced this week,… Continue reading Honda to build electric vehicles and batteries in Ontario
EU’s 2050 net zero goals at risk as EV rollout faces setbacks
As it stands, high EV production costs in Europe means the bloc will have to rely on cheap imports, mainly from China, if it sticks to the 2035 goal. The EU needs to rethink its policies to make a 2035 ban on new petrol car sales feasible as electric vehicles (EVs) remain unaffordable and alternative… Continue reading EU’s 2050 net zero goals at risk as EV rollout faces setbacks
India, 7 other WTO members slam EU & UK over steel duty
“The EU said it has evidence that the steel safeguard measure continues to be necessary,” said a Geneva-based official, who did not wish to be identified. India, China and Russia, along with five other World Trade Organization (WTO) members, on Monday criticised the European Union’s decision to extend its existing safeguard measure on certain steel… Continue reading India, 7 other WTO members slam EU & UK over steel duty
Coal Ministry targets nearly 20% higher stock at power projects by June 30
Start of coal transportation from Dhamra and Gangavaram ports a few months back and restart of production from Rajmahal mines last year have also helped in increasing the supply to power plants, the official said. The coal ministry is expecting a closing stock of around 38-40 million tonnes at domestic coal-based power plants by June… Continue reading Coal Ministry targets nearly 20% higher stock at power projects by June 30
Perfect ID gets ready to meet surge in replacement demand for FASTags
Perfect ID, recognizing the critical need, has invested in new equipment over the past few months, expanding its FASTags production capacity by 40%. New Delhi: Perfect ID, leading manufacturer of FASTags, and a subsidiary of Syrma SGS Technology Limited. is preparing to meet the rise in demand for FASTags triggered by the recent Reserve Bank… Continue reading Perfect ID gets ready to meet surge in replacement demand for FASTags
Auto Inc signs 24 deals worth USD 357 mn in Q1 2024
Of the 24 deals, 6 were M&A activities valuing USD 172 mn and 18 were PE and VC activities valuing USD 185 mn. New Delhi: As the Indian automotive industry continues its path to sustained recovery against the backdrop of global macroeconomic challenges and a broader market slowdown, the sector has witnessed a trend of… Continue reading Auto Inc signs 24 deals worth USD 357 mn in Q1 2024
Amplus Solar plans to launch distributed green hydrogen projects by next year
He added that the company does not plan to enter manufacturing of electrolysers and instead plans to buy and then supply those technologies. New Delhi: Amplus Solar plans to come up with distributed green hydrogen projects by next year, Sharad Pungalia, chief executive officer and managing director, Amplus Solar, told ETEnergyWorld in an exclusive interaction.… Continue reading Amplus Solar plans to launch distributed green hydrogen projects by next year
Arcelormittal Nippon Steel India in talks for USD 1 bn loan
The company is a joint venture between major steelmakers ArcelorMittal South Africa Ltd. and Japan’s Nippon Steel Corp. Arcelormittal Nippon Steel India Ltd., a joint venture between two of the world’s leading steel makers, is in talks with banks to raise about 85 billion rupees (USD 1 billion), according to people familiar with the matter,… Continue reading Arcelormittal Nippon Steel India in talks for USD 1 bn loan