In terms of fuel types, hybrid registrations totalled 13,013 units, or 64.4 per cent of all new imported cars. Electric, gasoline and diesel model registrations followed at 18.6 per cent, 16 per cent and 1 per cent, respectively. Seoul, The number of imported vehicles sold in South Korea last month dropped slightly from a year… Continue reading Eco-friendly cars account for 81% of new imported car sales in April in South Korea (demo article-3)
Author: Economic Times of India Online News
EU council agrees requirements on vehicle recycling at their end of use
the European Automobile Manufacturers Association (ACEA) welcomed the council’s position, adding it should not weigh on the sector’s competitiveness. The Council of the European Union said on Tuesday it had agreed on setting requirements to ensure that new vehicles are designed in a way that supports their re-use and recycling. In a statement, the council… Continue reading EU council agrees requirements on vehicle recycling at their end of use
Japan’s exports post first drop in 8 months as auto firms hit by US tariffs
So far major Japanese automakers have refrained from price increases in the U.S. to mitigate the tariff costs, except for Subaru and Mitsubishi Motors. Japan‘s exports fell in May for the first time in eight months as big automakers like Toyota were hit by sweeping U.S. tariffs, and the failure of the Asian nation to… Continue reading Japan’s exports post first drop in 8 months as auto firms hit by US tariffs
Rare Earths supply: India steps up mining, refining to safeguard EV future
These permanent magnets are derived out of rare earth elements (REEs), vital for power windows, speakers, propulsion systems in electric vehicles, and generators in renewable energy infrastructure, among others. The Centre Tuesday sought to secure the supply chain for rare-earth materials, used in the manufacturing of electronics and electric cars, holding meetings among various connected… Continue reading Rare Earths supply: India steps up mining, refining to safeguard EV future
India’s largest automobile cargo terminal inaugurated at Maruti Suzuki’s Manesar plant
New Delhi, June 17 (IANS) Railways Minister Ashwini Vaishnaw on Tuesday inaugurated the country’s largest automobile multi-modal cargo terminal at the Maruti Suzuki India Limited plant in Haryana’s Manesar. Union Railway Minister Ashwini Vaishnaw on Tuesday inaugurated the country’s largest automobile Gati Shakti Multi-Modal Cargo Terminal at Maruti Suzuki India Ltd.’s plant in Manesar, Haryana.… Continue reading India’s largest automobile cargo terminal inaugurated at Maruti Suzuki’s Manesar plant
Dugar Finance raises $3 million from Symbiotics’ Green Basket Bond to boost EV, solar loans
The bond is subscribed to by British International Investment (BII), the UK’s development finance institution aims to accelerate renewable energy adoption across Asia and Africa. Dugar Finance & Investments Limited, a non-banking financial company (NBFC) working in solar and MSME financing, raised $3 million in debt from the $75 million Green Basket Bond issued by… Continue reading Dugar Finance raises $3 million from Symbiotics’ Green Basket Bond to boost EV, solar loans
ICE-dominant India auto sector likely to be immune from China’s rare earth export curbs: Nuvama
Though the curbs primarily target the defence sector, their ripple effects are expected to be seen across other industries, including automotive, industrial, and aerospace. India, which has over 95 per cent of internal combustion engine (ICE)-driven vehicles, is expected to remain relatively unaffected by China’s recent export restrictions on rare earth magnets (REMs), Nuvama said… Continue reading ICE-dominant India auto sector likely to be immune from China’s rare earth export curbs: Nuvama
Renault’s CEO search may include insider Le Vot, Stellantis’ Picat, analysts say
In April, the subcompact Sandero was Europe’s No. 2 selling car – behind the Renault Clio – and the Duster SUV was No. 7, according to research firm JATO Dynamics. Luca de Meo’s abrupt departure as Renault CEO has kicked off a search for his successor, with analysts mentioning longtime insider Denis Le Vot and… Continue reading Renault’s CEO search may include insider Le Vot, Stellantis’ Picat, analysts say
Tata Motors shares drop 7% in 5 sessions
The automaker is also taking pricing actions in the US market to counterbalance import-related challenges and rising production costs. Tata Motors‘ stock continued to slide following a weak financial and operational outlook issued by its UK-based subsidiary Jaguar Land Rover (JLR) for FY26. The company’s shares fell 1 per cent to ₹679.20, marking a 7… Continue reading Tata Motors shares drop 7% in 5 sessions
India’s EV ambitions face setback as China tightens grip on rare earth exports
China‘s curbs on exports of some rare earth materials and magnets – used in automobiles, cell phones and myriad other devices – have stirred anxiety in corporate boardrooms the world over, including in India where automakers warn that production of new vehicles could soon grind to a halt. While supplies have started to trickle in… Continue reading India’s EV ambitions face setback as China tightens grip on rare earth exports