“The domestic steel industry needs protectionism.” ArcelorMittal Nippon Steel (AM/NS) India on Wednesday said that 70% of its Hazira steel plant’s capacity in Gujarat, which is likely to reach 15.6 million tonnes per annum (mtpa) by 2026-27, will be green steel as it prepares for the green steel transition, aligning with the steel ministry’s vision.… Continue reading ArcelorMittal Nippon India to go green steel in a big way
Author: Economic Times of India Online News
Barclays downgrades US auto sector due to Trump’s tariff policy
representative image Barclays on Tuesday downgraded U.S. autos and mobility sector to “negative” from “neutral”, warning that President Donald Trump’s tariffs could pressure automakers’ earnings and curb investments. The comments echo those cited by Goldman Sachs last week, when the U.S. brokerage cut its estimate for automobile sales in the country for this year by… Continue reading Barclays downgrades US auto sector due to Trump’s tariff policy
Fast-charging battery firm Nyobolt raises $30 million for expansion
representative image UK fast-charging battery technology company Nyobolt has raised $30 million to expand its business in autonomous warehouse robots and heavy duty vehicles and move into new markets including mainstream electric vehicles, it said on Wednesday. The latest fundraising was led by venture capital firms IQ Capital and Latitude and included Scania Invest, the… Continue reading Fast-charging battery firm Nyobolt raises $30 million for expansion
Hindustan Zinc introduces digital zinc freight platform
The company’s zinc products are the first in India to be Environmental Product Declaration (EPD) verified. This ensures transparency in environmental impact. Hindustan Zinc Limited, India’s largest zinc producer, has launched Zinc Freight Bazaar, a one of its kind digital logistics management system in India’s non-ferrous metals sector, to streamline procurement, enhance customer experience, and… Continue reading Hindustan Zinc introduces digital zinc freight platform
Toll gates to disappear soon: Nitin Gadkari updates on new toll policy scheduled for next month
Union Minister for Road, Transport and Highways Nitin Gadkari Union Minister Nitin Gadkari has made a big announcement that could change the way Indians pay tolls on highways. Speaking at an event on Monday, he said the Centre will introduce a new toll policy within the next 15 days. “The central government will soon introduce… Continue reading Toll gates to disappear soon: Nitin Gadkari updates on new toll policy scheduled for next month
Canada to spare automakers, other sectors from some tariffs on US imports
“If they don’t, they will get 25% tariffs on what they are importing into Canada,” he said. Canada will allow some relief to domestically-based automakers and manufacturers in specific sectors from counter-tariffs provided they meet certain conditions, the Finance Ministry said on Tuesday. Canada has slapped a range of counter-tariffs on the U.S. in response… Continue reading Canada to spare automakers, other sectors from some tariffs on US imports
China to tighten EV battery rules to reduce fire and explosion risks
This far exceeds Beijing’s goal set up in 2015 for NEV sales to make up 20% of total sales by 2025, which was revised five years later to more than 50% by 2035, thanks to government policy support over more than a decade. China is tightening regulations on battery-powered vehicles and will require its automakers… Continue reading China to tighten EV battery rules to reduce fire and explosion risks
India can triple automotive exports to $60 bn by 2030, create 2.5 mn direct jobs
According to the report, integration of AI, robotics, digital twins, Internet of Things (IoT), and 3D printing is driving efficiency. With the right enabling conditions for the automotive sector, India can triple exports to $60 billion, generate a $25 billion trade surplus, and create over 2-2.5 million direct jobs by 2030, propelling it toward becoming… Continue reading India can triple automotive exports to $60 bn by 2030, create 2.5 mn direct jobs
High cost, infra gaps weigh on India’s EV adoption: Deloitte report
The report states that 36 per cent of consumers in India prioritise fast charging, underscoring rising expectations from EV infrastructure. Consumers in India are more willing to share their personal data for smart vehicle features than their global counterparts, even as they weigh factors such as charging time, infrastructure availability and battery safety before going… Continue reading High cost, infra gaps weigh on India’s EV adoption: Deloitte report
Passenger vehicle sales rise 2% in FY25 with 43,01,848 units sold: SIAM
In Q4 of FY25, the PV segment reported a sale of 11,62,560 units, resulting in a growth of 2.4 per cent. The Indian automobile industry showed a steady performance in March 2025, with passenger vehicle sales registering a modest growth, while the two-wheeler and three-wheeler segments witnessed a double-digit growth, according to the data released… Continue reading Passenger vehicle sales rise 2% in FY25 with 43,01,848 units sold: SIAM