Here’s what some industry players had to say about how the year shaped up and what they expect moving forward As 2024 wraps up, India’s automotive industry is taking a moment to look back on a year filled with big changes, challenges, and milestones. From the rise of electric vehicles to exciting new technologies and… Continue reading Indian auto Inc’s 2024 in rear-view mirror: Trends, highlights, challenges and more
Author: Economic Times of India Online News
Iron ore rebounds on improving steel margins, falling portside stocks
The Dalian contract has declined 16.4% so far this year, while the Singapore contract has fallen 19%. Iron ore futures prices rebounded on Monday, helped by improving steel margins, falling portside stocks and stimulus hopes in top consumer China, although gains were limited by seasonally slow demand. The most-traded May iron ore contract on China’s… Continue reading Iron ore rebounds on improving steel margins, falling portside stocks
Soon, bigger speed signs at every 10km on NHs, eways
The guidelines also say that the emergency helpline number must be displayed every 5 km. Considering speed and lane violations are the major causes of crashes, the road transport ministry has now made it mandatory for road owning agencies to paint the speed limits with vehicle logos on the pavement every 10 km to guide… Continue reading Soon, bigger speed signs at every 10km on NHs, eways
In quest for its own EV brand, JSW in talks with China’s Geely and others for collaboration
The paint-to-steel conglomerate has selected platforms—two each for electric cars and commercial vehicles for its own EV drive, they said. The business is likely to be housed under JSW Green Mobility. Sajjan Jindal-owned JSW Group is in talks with Chinese companies including Geely and BYD among others, for a potential collaboration which could include a… Continue reading In quest for its own EV brand, JSW in talks with China’s Geely and others for collaboration
India’s car race: How far EVs went in 2024
Overall, 18,05,969 EVs have been sold between January and November 2024. This is 7.40% of the total 2.43 million (2,43,98,672 units) vehicles sold across all segments still end-November. The automobile industry in India had an ordinary year with a growth of just 0.5 per cent in the April-September quarter. The bright spot, however, was the… Continue reading India’s car race: How far EVs went in 2024
RTOs to get radar-mounted interceptor vehicles to track 800 traffic violations/hour
MUMBAI: All 55 Regional Transport Offices (RTOs) in Maharashtra will soon get radar system-mounted interceptor vehicles capable of detecting up to 800 traffic offenders in an hour, thus significantly increasing the number of e-challans issued. The existing laser guns fitted in RTO interceptor vehicles issue a maximum 15 e-challans in an hour. State transport commissioner… Continue reading RTOs to get radar-mounted interceptor vehicles to track 800 traffic violations/hour
Construction ban goes as rain clears air, GRAP 3 lifted
NOIDA: Scattered rainfall throughout Friday improved air quality in the region to ‘poor’, even as it had slipped into the ‘very poor’ level in the morning. While the city’s average AQI at 4pm was 329 (very poor), air quality data recorded at the four monitoring stations showed significant improvement towards the evening. At Sector 62… Continue reading Construction ban goes as rain clears air, GRAP 3 lifted
How Osamu Suzuki redefined the art of frugal manufacturing
Frugal engineering became a fashionable term thanks largely to Carlos Ghosn, the former CEO of Renault-Nissan. However, it was the late Osamu Suzuki who truly was the father of frugality which he practised with relentless passion for decades at Suzuki Motor Corporation. The kind of costing efficiencies generated as a result helped this small carmaker… Continue reading How Osamu Suzuki redefined the art of frugal manufacturing
China will lower import tariffs on some recycled copper and aluminum raw materials
SHANGHAI: China will lower import tariff rates on ethane and some recycled copper and aluminum raw materials, according to official statements disclosed on Saturday. China will adjust the rates of some import tariff categories, effective from Jan. 1, 2025, according to documents from the Ministry of Finance. The world’s second-largest country will raise import tariffs… Continue reading China will lower import tariffs on some recycled copper and aluminum raw materials
What the Indian EV sector expects from 2025
The Indian EV industry witnessed a dip in funding in 2024, dropping to $586 million from $808 million in 2023. However, the number of deals closed remained steady at 44. Subsidies also saw changes with the introduction of the PM E-Drive Scheme, which gradually replaces the FAME-II program. Under this scheme, subsidies for electric two-wheelers… Continue reading What the Indian EV sector expects from 2025