New Delhi: Power management company Eaton announced that it has acquired the Switzerland-based Green Motion SA, a designer and manufacturer of electric vehicle charging hardware and related software. Uday Yadav, president and chief operating officer, electrical sector, Eaton, said, “Electric vehicle charging infrastructure is among the areas where we expect to see significant growth over… Continue reading Eaton acquires Green Motion SA to expand EV charging capabilities
Author: Economic Times of India Online News
India to launch supercharged push for global electric vehicle players
To benefit from the scheme automakers must meet conditions including minimum global revenue of $1.4 billion. For auto parts makers it is $69 million. The companies must grow by at least 8% each year to qualify for the incentives, which are also linked to the distance between the factory and point of sale. By Aditi… Continue reading India to launch supercharged push for global electric vehicle players
One year of pandemic: How SKF CFO survived the supply chain scare
It has been a year since the pandemic hit India. During this period, CFOs had a tough time managing finances. While some had had liquidity, some scrambled for it, and some simply perished. Supply chain issues and uncertain demand trends created huge problems. No sector was spared from the havoc wreaked by the pandemic. Both… Continue reading One year of pandemic: How SKF CFO survived the supply chain scare
India will have to leapfrog every major economy to reach net zero by 2050
NEW DELHI: Top Indian officials are discussing whether to set a goal of reaching net-zero greenhouse gas emissions by 2050, yet little analytical work has been done on just what the country will have to do to meet that target. In February, the International Energy Agency found it’s possible for India to zero out its… Continue reading India will have to leapfrog every major economy to reach net zero by 2050
Capital Calls: Tata Motors hits leadership pothole
Tata Motors is struggling to get a grip on the steering wheel. Ex-Daimler executive Marc Llistosella will no longer be joining the $15 billion owner of Jaguar Land Rover as chief executive of its Indian business in July due to “personal reasons”, the company revealed on Friday. Llistosella was to be the fifth boss in… Continue reading Capital Calls: Tata Motors hits leadership pothole
Newly-appointed CEO and MD Marc Llistosella not to join Tata Motors
Llistosella was most recently the president and CEO of Fuso Truck and Bus Corporation and head of Daimler Trucks in Asia. New DELHI: Marc Llistosella who was appointed as the new chief executive officer and managing director of Tata Motors effective from July 1, 2021 will not be joining the company as he is not… Continue reading Newly-appointed CEO and MD Marc Llistosella not to join Tata Motors
Solar powered EV charging station developed at IISc
BENGALURU: A solar photovoltaic powered electric vehicle (EV) charging station has been developed at the Indian Institute of Science (IISc) in this tech city, an official said on Tuesday. “The zero-emission EV charging station powered by solar cells has been designed and developed at our sustainable transportation lab by the UK-based Greenencho Ltd under the… Continue reading Solar powered EV charging station developed at IISc
Shuchi partners with HPCL to set up EV charging points across retail fuel pumps
The company is also gearing up to provide charging as a service for buses as well as freight vehicles for last-mile logistics,” Co-founder and Executive Director at Fourth Partner Energy Saif Dhorajiwala said. Bengaluru: Shuchi Anant Virya on Wednesday announced its partnership with Hindustan Petroleum Corporation Limited (HPCL) to set up a pan-India network of… Continue reading Shuchi partners with HPCL to set up EV charging points across retail fuel pumps
European new car sales drop by 20% y/y in February- ACEA
Sales at Volkswagen and Stellantis dropped by 19% and 22% respectively, while Renault reported a fall of 29%. BERLIN: European car registrations fell in February, industry data showed on Wednesday, as coronavirus lockdowns and accompanying uncertainty across Europe took a toll on sales. New car registrations dropped by 20.3% year-on-year to 850,170 vehicles in the… Continue reading European new car sales drop by 20% y/y in February- ACEA
Volkswagen abruptly pulls plug on South Korean battery makers
By Heekyong Yang, Yilei Sun and Christoph Steitz SEOUL/BEIJING/FRANKFURT: Days before Volkswagen AG held an event to announce a major ramp-up in its electric vehicle production, the German car maker abruptly told its South Korean battery suppliers their current technology would be largely excluded from those plans. The decision by the world’s second largest automaker… Continue reading Volkswagen abruptly pulls plug on South Korean battery makers