Piyush Goyal, Minister of Commerce and Industry The domestic steel industry will be the biggest beneficiary of India’s growth story, commerce minister Piyush Goyal said on Friday, urging incumbents to build a billion tonnes of capacity. India is currently the second largest producer of steel in the world after China, with a production capacity of… Continue reading Goyal urges steel industry to target 1 billion tonne capacity
Author: Economic Times of India Online News
PM E-DRIVE sops may run out sooner than expected
The subsidy is disbursed under PM E-DRIVE, the Centre’s flagship electric vehicle subsidy scheme with an outlay of ₹10,900 crore over two years up to March 31, 2026. The Centre expects subsidies for electric two-wheelers and three-wheelers under the PM E-DRIVE scheme to be exhausted well before this financial year ends. Officials said the subsidies… Continue reading PM E-DRIVE sops may run out sooner than expected
‘Shift from old vehicles to EVs in 44 cities with 10L people may cut oil import bill by $106 bn’
The study said more than 45,000 public EV-charging stations and 130 vehicle-scrapping facilities need to be set up in these 44 cities to enable this transition. A complete shift from older vehicles to electric vehicles in 44 Indian cities with a population of at least 10 lakh could avoid 11.5 tonnes of PM2.5 emissions every… Continue reading ‘Shift from old vehicles to EVs in 44 cities with 10L people may cut oil import bill by $106 bn’
Ather Energy rekindles IPO buzz after 2-month lull; here’s what the GMP may be hinting at
The IPO comprises a fresh equity raise of Rs 2,626 crore and an offer for sale (OFS) of 1.1 crore shares. Electric scooter maker Ather Energy‘s entry into the primary market has stirred fresh investor interest, with its grey market premium (GMP) offering early clues ahead of the company’s Rs 2,981 crore initial public offering.… Continue reading Ather Energy rekindles IPO buzz after 2-month lull; here’s what the GMP may be hinting at
Government open to some duty-free US auto imports like 1,600cc bikes
While sectoral negotiations are yet to commence, a team led by India’s chief negotiator, Rajesh Agrawal, is currently in Washington to iron out pending issues and explore the possibility of an “early tranche.” Government is open to offering duty-free access to certain automobiles imported from the US, such as bikes with over 1,600cc engine capacity,… Continue reading Government open to some duty-free US auto imports like 1,600cc bikes
iGowise partners with Patnaik Energy to launch portable power banks for EVs
The new initiative will offer both lease-based and pay-per-use models. This creates an innovative “Energy as a Service” solution for users. iGowise and Patnaik Energy Group have partnered to introduce portable power banks for electric vehicles (EVs), targeting urban and remote areas. The collaboration aims to deploy 5,000 power banks within 24 months, offering on-demand… Continue reading iGowise partners with Patnaik Energy to launch portable power banks for EVs
European carmakers on China charm offensive as sales droop
“The name of the game is value,” said Tu Le, founder of Sino Auto Insights. Once blithely dominant in China, European automakers are now launching full-fledged charm offensives at consumers in the world’s largest car market, seeking to claw back sales lost to domestic rivals. At this week’s Auto Shanghai, the largest global industry show… Continue reading European carmakers on China charm offensive as sales droop
Automakers focus on the global market, chide the US over tariffs at Shanghai’s auto show
“We’ll wait and see,” he said. “China has full and abundant supply chains and it is the U.S. that won’t hold on if the tariff measures from both sides remain unchanged.” Booths of big Chinese, German and Japanese automakers were bustling at Shanghai’s auto show this week as the industry kept its focus on a… Continue reading Automakers focus on the global market, chide the US over tariffs at Shanghai’s auto show
India’s Delhi plans to curb gasoline car sales, ban gas-guzzling bikes to shed polluter tag
The city government is also planning some tax waivers for hybrid vehicles to match the concessions to those given for EVs, potentially lowering their cost by up to 15%. India’s capital New Delhi plans to limit gasoline and diesel-powered cars a family can buy as well as ban sales of fuel-guzzling motorbikes and scooters, according… Continue reading India’s Delhi plans to curb gasoline car sales, ban gas-guzzling bikes to shed polluter tag
Change on cards for EV manufacturing policy
Updated On Apr 25, 2025 at 08:19 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals SPMEPCI required applicants to invest at least ₹4,150 crore in EV manufacturing, offering in return a lower 15per cent duty for importing high-end electric cars. India is open to modifying its electric car manufacturing policy to… Continue reading Change on cards for EV manufacturing policy