Recently, the company introduced its next generation charging solutions — DC City Charger and AC Max — that will cater to the need of public charging infrastructure. New Delhi: Power and energy management firm Delta Electronics expects its electric vehicle charging business in India to grow around 50 per cent per annum in the next… Continue reading EV charging biz likely to grow at 50% in next 3 years in India: Delta Electronics
Author: Economic Times of India Online News
SN Burman quits Tata Motors; other positions rejigged owing to slowing PV sales
SN Burman, a Maruti Suzuki veteran has joined Indian automobile major Tata Motors in 2015. New Delhi: SN Burman, Vice President (Sales, Marketing & Service-Passenger vehicles) at Tata Motors has resigned from his position, source close to the development told ETAuto. SN Burman, a Maruti Suzuki veteran has joined Indian automobile major Tata Motors in… Continue reading SN Burman quits Tata Motors; other positions rejigged owing to slowing PV sales
Italy tax authorities say Fiat underestimated value of Chrysler by $5.6 bln
FCA said the issuance of a final audit report starts a 60-day negotiation period, which ends with the issuance of a final audit assessment expected to be received by the end of December 2019. MILAN: Italian tax authorities believe that Fiat Chrysler Automobiles underestimated the value of its U.S. business by 5.1 billion euros ($5.6… Continue reading Italy tax authorities say Fiat underestimated value of Chrysler by $5.6 bln
Amazon Web Services puts Mahindra Electric in top gear: CEO
Mahindra, the biggest electric car seller in the country, terms its eVerito “India’s first electric sedan”. Las Vegas- With India planning to replace a significant portion of its conventional internal combustion engine fleet by electric vehicles (EV) in the next decade and target 30 per cent of all cars on the road to be EVs… Continue reading Amazon Web Services puts Mahindra Electric in top gear: CEO
Daimler cost cuts to hit Germany hardest: Report
Daimler has repeatedly cut its profit outlook over recent months, partly to cover a regulatory crackdown on diesel emissions but also because of a slowing auto market. FRANKFURT: Daimler‘s workforce in Germany will bear the brunt of 1.4 billion euros ($1.5 billion) in cost cuts planned by the end of 2022, the head of the… Continue reading Daimler cost cuts to hit Germany hardest: Report
France proposes measures to make car industry greener
The French government will also soon announce a three-year timetable to provide more visibility on financial incentives for buying electric vehicles. PARIS: French presented proposals on Monday which it said were aimed at helping its car industry adapt to growing environmental concerns and reducing CO2 emissions. The measures include raising financial sanctions on cars which… Continue reading France proposes measures to make car industry greener
EVGo joins hands with Lyft for fast charging network
This move will help the ride-sharing company as Lyft has planned to introduce 200 new electric vehicles for rideshare drivers in the Denver market. New Delhi: Electric vehicle charging network provider EVGo has partnered with shared mobility provider Lyft for fast charging network. The EVGo will provide fast charging facility to Lyft Express Drive EV… Continue reading EVGo joins hands with Lyft for fast charging network
Competition watchdog approves Toyota Motor-Suzuki Motor Corp minority stake deal
The transaction involves acquisition of a “minority and insignificant shareholding” of 4.94 per cent by Toyota Motor in Suzuki Motor while Suzuki will hold approximately 0.24 per cent stake in the former. NEW DELHI: The Competition Commission of India on Tuesday said it has approved the minority stake purchase deal of Toyota Motor Corporation and… Continue reading Competition watchdog approves Toyota Motor-Suzuki Motor Corp minority stake deal
Tata Motors shareholders approve raising up to Rs 6,494.35 cr
Tata Motors’ shares on Friday fell 1.16 per cent to Rs 162.30 apiece on the BSE. New Delhi: Tata Motors on Friday said its shareholders have approved a proposal to raise up to Rs 6,494.35 crore from Tata Sons through issuance of securities through preferential allotment. In an extraordinary general meeting (EGM) held on Friday,… Continue reading Tata Motors shareholders approve raising up to Rs 6,494.35 cr
Michelin and Faurecia to invest 140 million euros in Symbio hydrogen mobility JV
Michelin also claims that hydrogen fuel cells are particularly suitable for intensive use and for those who need greater autonomy. New Delhi: Michelin and Faurecia have decided to invest 140 million euros in Symbio hydrogen mobility joint venture company, claims the tyre manufacturer. Michelin also says that the JV will combine hydrogen fuel cell dedicated… Continue reading Michelin and Faurecia to invest 140 million euros in Symbio hydrogen mobility JV