Uttar Pradesh Urban Transport Directorate received bids in the range of Rs 62 per km to Rs 69 per km for its tender packages floated recently. NEW DELHI: Electric bus suppliers have quoted high prices in tenders floated under the Centre’s subsidy scheme because of payment security risks in states with weaker transport departments and… Continue reading E-bus suppliers quote high prices for tenders under FAME II scheme
Author: Economic Times of India Online News
Maruti Suzuki invites startups to participate in Mobility & Automobile Innovation program
The MAIL program is powered by GHV Accelerator and it caters to early-stage startups with innovative and customer-oriented solutions. New Delhi: Maruti Suzuki is inviting startups to participate in the third cohort of Mobility & Automobile Innovation Lab (MAIL) program, informed the company in a release. It also says that applications for the third cohort… Continue reading Maruti Suzuki invites startups to participate in Mobility & Automobile Innovation program
Draft guidelines for vehicle scrapping centres prepared, NGT told
As per the draft authorised vehicle scrapping facility (AVSF) guidelines, individuals, firms, societies or trusts will be allowed to set up scrappage facilities subject to meeting the eligibility criteria and receiving authorisation from the licensing authority. New Delhi: The Ministry of Road Transport and Highways told the National Green Tribunal on Tuesday that draft guidelines… Continue reading Draft guidelines for vehicle scrapping centres prepared, NGT told
Renault needs to break pay taboo to get right boss
Chairman Jean-Dominique Senard is compiling a shortlist following the ouster of Thierry Bollore, an acolyte of ex-boss Carlos Ghosn. It will be a difficult job. London: French carmaker Renault is challenged on numerous fronts and still smarting from a nasty spat with its largest owner, the French government. Even in good times, remuneration restraint at… Continue reading Renault needs to break pay taboo to get right boss
Magenta Power partners with Lodha Group for EV charging infra
Under the partnership, ChargeGrid will install its EV charging solution – ChargeGrid Pro Chargers. New Delhi: Magenta Power has tied up with Lodha Group to install end to end electric mobility charging solutions in the latter’s upcoming realty projects at Dombivli and Thane, claims the company in a release. Under the partnership, ChargeGrid will install… Continue reading Magenta Power partners with Lodha Group for EV charging infra
Daimler says to cut jobs to save 1.0 bn euros by end-2022
Daimler said it was being forced to reduce costs because “the expanded range of plug-in hybrids and all-electric vehicles is leading to cost increases that will have a negative impact on Mercedes-Benz Cars’ return on sales”. Frankfurt am Main: Daimler said Thursday it planned to cut jobs to save more than 1.0 billion euros ($1.1… Continue reading Daimler says to cut jobs to save 1.0 bn euros by end-2022
Greaves Cotton completes acquisition of Ampere Vehicles
Following the acquisition, Ampere Vehicles is now part of the e-Mobility division of Greaves Cotton with significant presence in electric two-wheeler industry over the last 10 years. Chennai: Engineering firm Greaves Cotton Ltd on Thursday said it has increased its stake in Coimbatore-based Ampere Vehicles making the completion of the acquisition. Greaves Cotton announced the… Continue reading Greaves Cotton completes acquisition of Ampere Vehicles
German auto lobby to pick Hildegard Mueller as president
Environmental activists have accused the industry of failing to do enough to help avert a climate crisis. FRANKFURT – The German carmakers lobby VDA is set to appoint conservative politician and former Innogy board member Hildegard Mueller as president, Berlin daily newspaper Der Tagesspiegel reported on Wednesday, citing sources. Frontrunner Mueller was currently meeting VDA… Continue reading German auto lobby to pick Hildegard Mueller as president
Battery storage will bring in the real investment: Niti Aayog’s Amitabh Kant
Kant identified battery storage as the area where real investment will happen. NEW DELHI: Startups are getting into new areas of disruption beyond e-commerce and even giving the established players a run for their money. This, among other key aspects, were highlighted by Amitabh Kant, CEO, Niti Aayog in the capital today. Addressing the gathering… Continue reading Battery storage will bring in the real investment: Niti Aayog’s Amitabh Kant
Tata Motors to raise $500 million by issuing offshore bonds
On the domestic front, Tata Motors continues to feel the heat due to economic slowdown, weak liquidity, low freight volumes and rural incomes. Mumbai: Automobile manufacturer Tata Motors said on Thursday that its board of directors has approved the pricing and tenure of 500 million dollars (about Rs 3,572 crore) fundraise through bonds to be… Continue reading Tata Motors to raise $500 million by issuing offshore bonds