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
Author: Economic Times of India Online News
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
China’s Geely Holding targets over 5 million units of annual sales by 2027
The Chinese company owned by billionaire Eric Li embarked on a series of strategic moves in September to focus on its main business of automaking after expanding into other sectors such as satellites, smart phones and banking in previous years. China’s Geely Holding Group on Sunday said it aims to sell more than 5 million… Continue reading China’s Geely Holding targets over 5 million units of annual sales by 2027
A ‘Made in China’ crisis awaits big auto
The industry has been hit by not one but two meteorites: Chinese automakers and electrification. When Jaguar’s “copy nothing” brand reboot hit late last year, one self-styled car enthusiast replied on X: “What the actual hell is this.” Jaguar’s response: “The future.” That remains to be seen. But the ad, unfamiliar and unsettling, does at… Continue reading A ‘Made in China’ crisis awaits big auto
States must prioritise state-specific logistics policies to meet development aspirations: Ministry of Commerce Report
Workforce skill development and incentivising green logistics practices were also highlighted as urgent areas requiring attention. The Logistics Division of the Ministry of Commerce has emphasised the need for States and Union Territories (UTs) to prioritise the development of State-specific logistics policies to achieve their developmental aspirations. A recent report by the division highlighted the… Continue reading States must prioritise state-specific logistics policies to meet development aspirations: Ministry of Commerce Report
Xpeng, Volkswagen to build ultra-fast charging network in China
Volkswagen later said it had developed a new architecture for intelligent and electric cars with Xpeng which the German automaker said would help it offer more affordable EVs in its biggest market. China’s Xpeng Motors and Volkswagen have agreed to expand their partnership to cooperate on ultra-fast electric vehicle charging networks in China, the automakers… Continue reading Xpeng, Volkswagen to build ultra-fast charging network in China
GRAP trap
Starting with A, if AQI reaches a new high it might be labelled Alarming, Appalling, or even Apocalyptic. As the new year dawns NCR continues to GRAPple with the deadly bane of pollution – a recent proposal being a Supreme Court order to impose a year-round ban on fireworks in Delhi – authorities entrusted with… Continue reading GRAP trap