The PLI Auto Scheme offers financial incentives to promote domestic production of advanced automotive technologies, strengthen localisation and support the transition to cleaner mobility. The government has disbursed ₹1,350.83 crore in incentives under the Production Linked Incentive (PLI) Scheme for the Automobile and Auto Component industry as of 30 November 2025, according to data released… Continue reading Centre disburses ₹1,350 crore under PLI Auto Scheme; 82 applicants approved
Author: Economic Times of India Online News
Increase in EV registrations, subsidy disbursement in state: Minister
According to the minister, so far 2,19,667 EVs have been registered and are currently active and running, while an additional 680 EVs are registered and owned by a number of different govt departments in the state. “The subsidies are provided based on the vehicle categories. So far, ₹340.95 crore has been disbursed towards subsidies to… Continue reading Increase in EV registrations, subsidy disbursement in state: Minister
India, Sweden join hands to drive decarbonisation in steel, cement sectors
Leading Indian and global companies, research institutes, and technology innovators are driving these seven decarbonisation projects for India’s steel and cement sectors. Leading Indian companies like Tata Steel have joined hands with Swedish technology innovators to launch seven projects to drive decarbonisation in the domestic steel and cement sectors. As India advances towards its 2070… Continue reading India, Sweden join hands to drive decarbonisation in steel, cement sectors
Cummins India unveils CPCB IV+ genset and engine portfolio at EXCON 2025
The engine produces up to 290 HP and 1,200 Nm of torque and is built on the company’s fuel-agnostic architecture. Cummins India on Tuesday introduced its CPCB IV+ compliant 82.5 kVA genset at the ongoing EXCON 2025 in Bengaluru. The company is also displaying diesel and hydrogen internal combustion engines along with after-treatment technologies. The… Continue reading Cummins India unveils CPCB IV+ genset and engine portfolio at EXCON 2025
Indofast Energy, Quantum Energy partner to power battery-swappable electric scooters
Under the partnership, 1,000 Bziness XS scooters will be deployed via Indofast’s network in FY 2025-26, with plans to expand to 10,000 vehicles over the next three years. Battery-swapping solutions provider Indofast Energy on Tuesday signed a strategic partnership with Quantum Energy to power the new ‘Bziness XS’ electric scooter through its battery-swapping technology. Priced… Continue reading Indofast Energy, Quantum Energy partner to power battery-swappable electric scooters
Fight over fossil fuels nixes key text of UN environment report
But this issue has stalled politically since countries agreed at the UN climate summit in Dubai in 2023 to move away from coal, gas and oil. The UN on Tuesday unveiled its largest-ever scientific assessment on the dire state of the environment, but a crucial summary of its findings was torpedoed as nations feuded over… Continue reading Fight over fossil fuels nixes key text of UN environment report
Thapar Institute signs pact with Bajaj Auto to set up ₹15 crore engineering skill centre
TIET is dedicating 20,000 sq. ft. of lab space to host Verticals 1 and 2 of the BEST program, focusing on Mechatronics, Robotics & Automation, Industry 4.0, and Smart Manufacturing. Thapar Institute of Engineering & Technology (TIET) on Tuesday said it signed a Memorandum of Understanding (MoU) with Bajaj Auto to establish a Bajaj Engineering… Continue reading Thapar Institute signs pact with Bajaj Auto to set up ₹15 crore engineering skill centre
Climate-tech funding dips as VCs look for exportable solutions
The largest and the most popular climate-tech category, EVs, saw funding fall from $1.07 billion in 2024 to $512 million in 2025 YTD. Deal volumes also slowed from 55 to 42. Venture capital funding for climate-tech startups in India has declined for the third straight year. Total funding fell to $657 million in 2025 year-to-date… Continue reading Climate-tech funding dips as VCs look for exportable solutions
Mexican lawmakers to debate China tariffs proposal, may soften blow on steel and auto parts
The proposal would also affect India, one of Mexicos growing trade partners. India supplies pharmaceuticals, textiles, chemicals and auto parts, while Mexico exports oil, copper and agricultural goods to India. Mexican lawmakers are slated to begin debate this week on a bill to raise tariffs on goods from China and other Asian countries, three ruling… Continue reading Mexican lawmakers to debate China tariffs proposal, may soften blow on steel and auto parts
Renault, Ford announce strategic partnership to co-develop EVs, explore LCV alliance in Europe
The partnership aims to leverage Renault’s industrial scale and competitive EV assets while integrating Ford’s signature design language, driving dynamics and user-experience features. Renault Group and Ford Motor Company on Tuesday said they signed a major strategic partnership to accelerate their electric vehicle (EV) plans in Europe, marking one of the most significant cross-industry collaborations… Continue reading Renault, Ford announce strategic partnership to co-develop EVs, explore LCV alliance in Europe