In line with central govt directives, the cabinet approved a proposal to make employees covered under the National Pension Scheme (NPS) eligible for gratuity within the state. The Uttarakhand cabinet on Wednesday approved 12 proposals, including four related to development projects in Badrinath and a tax exemption for CNG and electric vehicles. Secretary Shailesh Bagauli… Continue reading Uttarakhand cabinet clears 4 Badrinath projects; tax rebate for CNG, EV vehicles
Author: Economic Times of India Online News
EVs boost German auto sales, Tesla falls again
The German auto market has performed weakly in recent years, and is still about 28 percent below pre-pandemic levels, according to EY. A jump in electric car sales helped give a slight boost to Germany’s troubled auto market last month, official data showed Wednesday, although Elon Musk’s Tesla fared poorly again. A total of 239,297… Continue reading EVs boost German auto sales, Tesla falls again
Statiq ties up with HPCL to add 5,100 EV chargers
EVLinq supports multiple Charge Point Operators (CPOs) and eMobility Service Providers (eMSPs). It is becoming the digital backbone of India’s EV charging ecosystem. Statiq and Hindustan Petroleum Corporation Limited (HPCL) have announced a partnership to integrate HPCL’s EV charging network onto Statiq’s EVLinq platform, adding over 5,100 chargers, including 2,900 DC fast chargers. The integration… Continue reading Statiq ties up with HPCL to add 5,100 EV chargers
Toyota Industries sinks after parent’s takeover bid misses expectations
Toyota Motor did not immediately respond to an email request for comment outside of normal business hours. Investors gave a thumbs-down to Toyota Motor‘s $33 billion take-private offer for Toyota Industries on Wednesday, highlighting concerns minority shareholders would be short-changed in a landmark restructuring for Japan Inc. Shares of Toyota Industries, a key Toyota Group… Continue reading Toyota Industries sinks after parent’s takeover bid misses expectations
Energy storage system based on EV batteries launched at Rome’s airport
As Italy rolls out an increasing number of renewable energy projects, it needs storage systems to make energy available when the sun or wind are not powering its green energy plants. Italy’s largest energy storage system based on used batteries for electric vehicles was inaugurated on Tuesday at Rome’s Fiumicino airport to help it reduce… Continue reading Energy storage system based on EV batteries launched at Rome’s airport
Former JLR India Head Rohit Suri joins ReadyAssist as Senior Advisor
Rohit Suri Rohit Suri, former President and Managing Director of Jaguar Land Rover (JLR) India, has joined mobility-tech startup ReadyAssist as a Senior Advisor. Suri, who played a pivotal role in building JLR’s luxury brand presence in India over his 14-year tenure, brings with him decades of automotive leadership experience. He is widely credited with… Continue reading Former JLR India Head Rohit Suri joins ReadyAssist as Senior Advisor
Global alarms rise as China’s critical mineral export ban takes hold
Frank Fannon, a minerals industry consultant and former U.S. assistant secretary of state for energy resources during Trump’s first term, said the global disruptions are not shocking to those paying attention. Alarm over China’s stranglehold on critical minerals grew on Tuesday as global automakers joined their U.S. counterparts to complain that restrictions by China on… Continue reading Global alarms rise as China’s critical mineral export ban takes hold
Maruti Suzuki adds 30MWp solar capacity at Kharkhoda and Manesar facilities
“Through sustained efforts, the share of renewable source of energy in total electricity consumption is expected to reach nearly 85% by FY2030-31,” he added. Maruti Suzuki India Limited (MSIL) has expanded its solar energy capacity by 30 megawatt-peak (MWp) with two new installations. A 20MWp solar project has been commissioned at its new manufacturing facility… Continue reading Maruti Suzuki adds 30MWp solar capacity at Kharkhoda and Manesar facilities
Industry body IESA pushes for green reuse of EV batteries
This will not only enhance grid stability but also propel us towards our ambitious renewable energy targets.” The Industry body, Energy Storage Association in India (IESA), has said the Centre should ensure collaboration among the Ministries of Environment, Power, and New and Renewable Energy to maximise the potential of used electric vehicle batteries in stationary… Continue reading Industry body IESA pushes for green reuse of EV batteries
Ola Electric shares in focus as Hyundai, Kia exit via ₹690 crore block deals
Citigroup Global Markets Mauritius Pvt Ltd purchased over 8.61 crore shares worth Rs 435 crore at Rs 50.55 per share, a 6% discount to Monday’s closing price of Rs 53.69. Shares of Ola Electric Mobility are set to be in focus on Wednesday after Hyundai Motor and Kia Corporation fully exited their stakes in the… Continue reading Ola Electric shares in focus as Hyundai, Kia exit via ₹690 crore block deals