The infrastructure guidelines require one charging station to be set up every three km in cities and every 25 km on both sides of highways. NEW DELHI: The government has decided to modify the guidelines for electric vehicle charging stations to give developers a freehand to choose the infrastructure technology to install, officials said. Existing… Continue reading EV charging stations will get to choose infrastructure technology
Author: Economic Times of India Online News
MG Motor partners with Fortum to launch EV charging stations in India
These public smart charging stations can be accessed by an EV owner, having cars compatible with CCS/CHAdeMO charging standards. New Delhi: MG Motor India has joined hands with the Finland based company Fortum Charge & Drive India to set up 50 kW DC fast charging stations for the electric vehicles. Under this partnership, Fortum will… Continue reading MG Motor partners with Fortum to launch EV charging stations in India
Majority of millennials in India questioning need to own vehicle: Deloitte
“Shared mobility is another trend which is gaining momentum in India. The report uncovers a clear generational divide when it comes to shared mobility,” Deloitte said. New Delhi: As shared mobility gains traction in India, 51 per cent of millennials are questioning the need to own a vehicle, according to a global study by Deloitte.… Continue reading Majority of millennials in India questioning need to own vehicle: Deloitte
All that glitters is not gold: BMW heirs reveal that being a guardian of wealth isn’t that pretty
By Chris Reiter Dealing with the responsibility and jealousy from inheriting wealth is a misunderstood burden, according to Susanne Klatten and Stefan Quandt, the billionaire siblings who together own almost half of BMW AG. “Many believe that we are permanently sitting around on a yacht in the Mediterranean,” Klatten told Manager Magazin in a rare… Continue reading All that glitters is not gold: BMW heirs reveal that being a guardian of wealth isn’t that pretty
French auto giant PSA opens factory in Morocco
PSA’s French rival Renault moved into Morocco in 2012, opening its largest car assembly plant in Africa and creating 7,000 people. Kenitra: French automotive giant PSA on Thursday opened a factory in Morocco to assemble 100,000 cars per year as it seeks to double sales in the Middle East and Africa region. The factory, launched… Continue reading French auto giant PSA opens factory in Morocco
Moody’s downgrades Tata Motors ratings with outlook negative
Moody’s Investors Service also said the outlook on Tata Motors remains negative. New Delhi: Ratings agency Moody’s Thursday downgraded Tata Motors‘ corporate family rating (CFR) and senior unsecured instruments rating, citing sustained deterioration in the company’s credit profile mainly on account of its British arm Jaguar Land Rover‘s weak performances. Moody’s Investors Service also said… Continue reading Moody’s downgrades Tata Motors ratings with outlook negative
Tesla hasn’t met Musk’s Q2 production goal: Report
San Francisco: Electric Vehicle (EV) maker Tesla has not met CEO Elon Musk‘s second quarter (Q2) record production goal, according to media reports. “At the end of May, a leaked email reportedly sent by Elon Musk to Tesla employees suggested that the electric vehicle maker had a good chance of making Q2 the highest deliveries… Continue reading Tesla hasn’t met Musk’s Q2 production goal: Report
Japan unveils moves to stop car crashes caused by elderly
The National Policy Agency will also consider introducing a new category of driving licence for elderly people Tokyo: Japan announced a series of measures Tuesday to prevent car accidents caused by elderly drivers, including emergency brakes and vehicle-free zones around schools, following a string of crashes involving children. One in four people aged 80 or… Continue reading Japan unveils moves to stop car crashes caused by elderly
Algerian partner of Germany’s VW questioned in corruption case: State TV
Mourad Eulmi is the head of the Algerian family-owned firm SOVAC which runs an assembly plant with Germany’s Volkswagen AG. ALGIERS: Mourad Eulmi, the head of the Algerian family-owned firm SOVAC which runs an assembly plant with Germany’s Volkswagen AG, was questioned in court about corruption accusations on Sunday, state TV reported. Eulmi was arrested… Continue reading Algerian partner of Germany’s VW questioned in corruption case: State TV
Simulation in Indian auto sector to grow 3x in next three years: Altair MD
Vishwanath Rao, Managing Director, Altair New Delhi: With the tightening of emission norms and inclusion of high safety standards, the demand of simulation in vehicle development process is going to almost triple in the next three years, said a top official of Altair. Vishwanath Rao, Managing Director, Altair underlined that for short development time and… Continue reading Simulation in Indian auto sector to grow 3x in next three years: Altair MD