Gadkari and Umashankar said govt will also come up with a modified scheme by March to provide cashless treatment for road accident victims nationwide, under which they will be entitled to a maximum amount of Rs 1.5 lakh per accident per person. The driver of the tanker carrying LPG in the fatal Jaipur crash was… Continue reading Devising system to track working hours of drivers: Gadkari
Author: Economic Times of India Online News
BMW India records highest sales with 15,721 cars in 2024
BMW India 7 series BMW Group India reported its best-ever annual car deliveries in 2024, with a total of 15,721 BMW and MINI cars and 8,301 BMW Motorrad motorcycles sold. This represents an 11% growth in car deliveries. The company attributed this success to a strong product offensive, new customer-centric initiatives, and expansion of services.… Continue reading BMW India records highest sales with 15,721 cars in 2024
Okaya EV rebrands as OPG Mobility; to showcase new EVs at Bharat Mobility 2025
OPG Mobility is revealing its first product under the new brand name and showcasing its enhanced electric vehicle range at the Bharat Mobility Global Expo 2025. Okaya EV has rebranded as OPG Mobility, launching new sub-brands and updated products at the Bharat Mobility Global Expo 2025. This rebranding signifies the company’s commitment to advanced technology,… Continue reading Okaya EV rebrands as OPG Mobility; to showcase new EVs at Bharat Mobility 2025
China exports push Nippon Steel to seek growth in US, India after blocked deal
“To be a ‘truly’ global steel producer, greater production capacity above current state is likely required,” said Wood Mackenzie’s Lundin. Nippon Steel is poised to expand its operations in the U.S. and India as it hunts for growth and protection from cheap Chinese exports after its bid for U.S. Steel was blocked by the White… Continue reading China exports push Nippon Steel to seek growth in US, India after blocked deal
India logs 9.1% jump in automobile sales in 2024 with growth in most segments
In the near term, FADA asserts that about 48% of automobile dealers expect growth in January, 41.22% see flat sales and 10.69% predict a slowdown. Retail automobile sales in India grew 9.1% in 2024 to 2.61 crore units, defying multiple headwinds like extreme weather, elections, and uneven monsoons. Segment-wise, two-wheeler sales grew 10.7%, three-wheelers 10.4%,… Continue reading India logs 9.1% jump in automobile sales in 2024 with growth in most segments
Europe shares rev up as auto sector jumps on report of softer U.S. tariffs
This week’s centrepiece would be the December U.S. nonfarm payrolls report on Friday, a crucial metric to assess the Federal Reserve’s interest rate path for 2025. European markets closed higher on Monday, as investor optimism was fuelled by a report suggesting that U.S. tariffs might be less severe than previously feared, boosting the automobile sector.… Continue reading Europe shares rev up as auto sector jumps on report of softer U.S. tariffs
NMC to operationalise 5 EV charging stations by Jan-end
The EV charging station project is being funded under the central govt’s National Clean Air Programme (NCAP). The civic body has decided to make five EV charging stations operational by the end of this month. The Nashik Municipal Corporation (NMC) has proposed a total of 29 EV charging stations in various locations of the city.… Continue reading NMC to operationalise 5 EV charging stations by Jan-end
Demand for 200,000 skilled workers by 2030 in the EV industry
The government has launched numerous initiatives to expedite EV adoption, such as the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) schemes. Sustainability and green energy are revolutionising India’s energy transition, ushering in a transformative era centred on reducing carbon footprints and adopting cleaner, more sustainable alternatives. While the nation has made remarkable… Continue reading Demand for 200,000 skilled workers by 2030 in the EV industry
Automobile retail sales surge 9% in 2024 despite economic challenges
Passenger vehicle (PV) sales grew by 5% to 40,73,843 units in 2024, compared to 38,73,381 units in 2023. India’s automobile retail sales saw a 9% year-on-year increase in 2024, driven by two-wheeler and passenger vehicle demand despite a challenging business environment, according to the Federation of Automobile Dealers Associations (FADA) on Tuesday. Total vehicle registrations… Continue reading Automobile retail sales surge 9% in 2024 despite economic challenges
FAME-II scheme incentivises 16.15 lakh EVs, boosts charging infrastructure
The scheme has a budget of INR 10,900 crore for a two-year period. Of the total allocated budget, INR 2,000 crore has been kept for the installation of EV public charging stations. New Delhi: A total of 16.15 lakh electric vehicles (EVs) have been incentivised under the Faster Adoption and Manufacturing of Hybrid and Electric… Continue reading FAME-II scheme incentivises 16.15 lakh EVs, boosts charging infrastructure