The future of mobility is at a critical point of inflection. Every time oil prices spike or climate change is debated and discussed, Electric Vehicles (EVs) are inevitably mentioned as a part of the solution. Yet, despite several new Indian companies entering various parts of the EV value chain, significant capital infused in the space… Continue reading Electric Vehicles: A roadmap to mass adoption in India
Author: Economic Times of India Online News
Tata Motors to set up vehicle scrapping facility in Maharashtra with a partner
The proposed scrappage center will have the capacity to recycle up to 35,000 end-of-life passenger and commercial vehicles year, the automaker said in a media release. New Delhi: Auto major Tata Motors on Friday signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to support setting up a Registered Vehicle Scrapping Facility (RVSF)… Continue reading Tata Motors to set up vehicle scrapping facility in Maharashtra with a partner
Musk says Tesla’s Texas factory is $10 bln investment over time
Tesla did not immediately respond to a request seeking more details on the tweet. It has previously said the factory would create some 10,000 jobs. Tesla Inc Chief Executive Officer Elon Musk said on Thursday that the electric carmaker’s new vehicle factory in Austin, Texas would involve an investment of more than $10 billion over… Continue reading Musk says Tesla’s Texas factory is $10 bln investment over time
Advance tax collections grow 90% in Q3 of FY22
The advance tax mopup in the December quarter was ₹94,107 crore, up 90% from ₹49,536 crore in the same period last year, according to people with knowledge of the preliminary data. Advance tax collections in the third quarter of the fiscal year almost doubled from the year-earlier period, underscoring hopes of a sustained economic recovery… Continue reading Advance tax collections grow 90% in Q3 of FY22
Musk sells shares worth nearly $14 bln
Elon Musk, CEO of Tesla Tesla Inc Chief Executive Officer Elon Musk has sold nearly $14 billion worth of shares since early November when the world’s richest person polled Twitter users about offloading 10% of his stake in the electric-car maker. The billionaire sold another 934,091 shares for $884.1 million on Thursday to pay for… Continue reading Musk sells shares worth nearly $14 bln
Serbia suspends lithium mine plans after protests
Lithium, which is used in batteries for electric cars, is considered one of the most sought-after metals of the future as the world shifts to more renewable energy sources. BELGRADE: Local authorities in western Serbia on Thursday suspended a plan that would allow mining giant Rio Tinto to operate a lithium mine, following protests by… Continue reading Serbia suspends lithium mine plans after protests
EMotorad expands international footprint; launches motorcycles in Japan, Nepal
The company has introduced T-Rex and EMX bike models in Nepal, while Glyder Xplorer and Dolphine models have been launched in Japan, the company said. Mumbai: Domestic premium electric bike maker EMotorad has expanded its international footprint with the launch of its motorcycles in Japan and Nepal. The company had earlier entered the UAE market… Continue reading EMotorad expands international footprint; launches motorcycles in Japan, Nepal
Odisha approves 7 investment proposals worth Rs 511.19 cr
Within these 23 days, the committee approved total investment projects of Rs 2, 383.30 crore envisaging employment opportunities for 9863 persons. Bhubaneswar: The Odisha Government on Wednesday approved seven investment projects envisaging investment of around Rs 511.19 crore, which will create employment opportunities for 6,402 people in the state. The approval was accorded at the… Continue reading Odisha approves 7 investment proposals worth Rs 511.19 cr
Insurance industry joins push to decarbonise global shipping
Last month countries including the United States at the COP 26 climate summit pushed for the UN’s shipping agency, the International Maritime Organization (IMO), to adopt a zero emissions target by 2050. LONDON: Leading companies in the marine insurance industry have joined an initiative linking their underwriting activities with the cutting of carbon emissions from… Continue reading Insurance industry joins push to decarbonise global shipping
India’s Apr-Oct iron ore production at 143 MT; set to surpass FY’20 record of 246 MT
India is a leading producer of minerals such as iron ore, zinc and bauxite that are considered to be critical for rapid industrial development. Yet the mining and quarrying sector contributes to about two per cent of the country’s GDP. New Delhi: India’s iron ore production has surged to 143 million tonnes (MT) in the… Continue reading India’s Apr-Oct iron ore production at 143 MT; set to surpass FY’20 record of 246 MT