“We have harnessed our deep expertise in battery technology and power electronics to create a grid scale product,” he added. Electric two-wheeler firm PURE on Wednesday said it has introduced a battery based 5MWh grid storage product for grid stability and accelarting the integration of renewable energy sources. The PuREPower grid product is expected to… Continue reading EV firm PURE introduces 5MWh grid storage product; lines up ₹400 cr for capacity expansion
Author: Economic Times of India Online News
CARS24 acquires auto forum Team-BHP
New features will be introduced to help members make smarter automotive decisions. CARS24, a leading auto-tech platform in India, has acquired India’s largest automotive forum Team-BHP. CARS24 will collaborate with Team-BHP to improve platform capabilities and enhance the user experience. The deal amount has not been disclosed. CARS24’s involvement will focus on enhancing Team-BHP’s product,… Continue reading CARS24 acquires auto forum Team-BHP
PFC files police case against Gensol for filing fake documents to get loans
A SEBI investigation revealed that Gensol has not been able to account for Rs 262.13 crore of the amount. Government-owned Power Finance Corporation Ltd (PFC) has filed a complaint with the Delhi police against Jaggi brothers-promoted Gensol Engineering Ltd for allegedly filing false documents to take loans for buying electric vehicles (EVs). “PFC has filed… Continue reading PFC files police case against Gensol for filing fake documents to get loans
US auto industry warns new auto parts tariffs will hike prices, cut sales
Ford Motor said last week it may raise prices on its new vehicles if Trump’s auto tariffs continue. A coalition of U.S. auto industry groups on Tuesday urged President Donald Trump not to impose 25% tariffs on imported auto parts, warning they would cut vehicle sales and raise prices. Trump said earlier he plans to… Continue reading US auto industry warns new auto parts tariffs will hike prices, cut sales
Delhi NCR drives climate tech startup boom amidst crisis
The region also offers logistical advantages: access to agricultural states, industrial zones, and India’s largest consumer base. Delhi NCR is a region gasping under the weight of pollution, heatwaves, and environmental degradation. Amid this challenge, a new wave of climate tech startups is taking root in the region, seeking to offer homegrown solutions to complex… Continue reading Delhi NCR drives climate tech startup boom amidst crisis
Tesla’s 71% Drop in profit may pressure Elon Musk to return to day job
But Tesla will also suffer. Its U.S. factories use parts imported from Mexico and China that will be subject to tariffs, forcing the company to raise prices or take in lower profits. Tesla said Tuesday that its profits fell 71% in the first three months of the year, which could increase the pressure on Elon… Continue reading Tesla’s 71% Drop in profit may pressure Elon Musk to return to day job
Steelbird’s FY25 revenue rises 10% to ₹787 crore
The new facility is expected to serve OEMs and aftermarket demand across South India. Steelbird Hi-Tech India Limited, the leading helmet manufacturer, reported a strong performance in FY25, with sales of 8.7 million units. The company saw its revenue rise to ₹787 crore last fiscal, a 10.07 per cent growth over the previous fiscal. The… Continue reading Steelbird’s FY25 revenue rises 10% to ₹787 crore
India’s top auto makers face market share decline as competition intensifies in FY25
Updated On Apr 23, 2025 at 08:39 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Crisil expects car market growth to slow down further in the current year amid piles of unsold stock at dealerships, market volatility and overall uncertainty. India’s top passenger vehicle (PV) and two-wheeler makers saw their market… Continue reading India’s top auto makers face market share decline as competition intensifies in FY25
India’s small steel mills pause job cuts after measures to curb Chinese imports
India’s small steel mills pause job cuts after measures to curb Chinese imports India’s smaller steel mills plan to delay job cuts and other measures such as trimming output, executives said, after the government imposed a temporary tariff to protect local producers from a surge in cheap imports, chiefly from China. On Monday, India, the… Continue reading India’s small steel mills pause job cuts after measures to curb Chinese imports
US FTC sues Uber over allegedly deceptive practices in subscription service
Google and Meta have also faced monopoly allegations. US District Judge Leonie Brinkema ruled that Google engaged in anticompetitive behaviour to secure monopoly power in the open-web display ad server market. The Federal Trade Commission (FTC) has filed a lawsuit against Uber, accusing the company of “deceptive billing and cancellation practices” related to its Uber… Continue reading US FTC sues Uber over allegedly deceptive practices in subscription service