All the R&D work will happen out of Delta Electronics’ Bengaluru facility where the manpower is a little over 300 people and will be “scaled up aggressively” in the next couple of years to perhaps closer to 1,000. Taiwan-headquartered Delta Electronics is farming out more global responsibilities to its Indian subsidiary, a clear acknowledgment of… Continue reading Delta Electronics India gets more global projects from Taiwan HQ
Author: Economic Times of India Online News
Need concerted efforts from across ecosystem to drive EV adoption, says SIAM President
Shailesh Chandra, President, SIAM New Delhi: The road sector, responsible for 12% of the nation’s CO2 emissions, will be crucial in meeting the country’s emission reduction targets. The auto industry must accelerate its efforts to significantly cut emissions before 2070 to ensure these targets are met. Achieving this will require a swift transition to zero-emission… Continue reading Need concerted efforts from across ecosystem to drive EV adoption, says SIAM President
Call for dedicated system to pay traffic challans in Andhra Pradesh
Motorists and citizen groups are now urging the state govt to introduce a traffic e-challan app or an online portal similar to those in other states. With traffic police intensifying vehicle and helmet checks following directions from the high court to enforce traffic regulations and clear pending challans, motorists across the state are grappling with… Continue reading Call for dedicated system to pay traffic challans in Andhra Pradesh
Oil’s resilience: Defying decline amidst electric vehicle surge, global demand hits record highs
Government policies promoting a shift toward net-zero emissions and the adoption of cost-efficient renewables will alter this balance gradually. The global appetite for oil is set to reach an all-time high this year, with purchases growing by nearly 40%. Battery electric vehicle (BEV) adoption, expected to make up over 10% of global auto sales, has… Continue reading Oil’s resilience: Defying decline amidst electric vehicle surge, global demand hits record highs
New policy helps Chhattisgarh diversify, attract investments
TWI Group has proposed to invest in an EV manufacturing plant, logistics park and a bamboo hub. Within a month of introduction of a new industrial policy, mineral-rich Chhattisgarh has attracted investment proposals worth Rs 15,184 crore with listed companies promising to set up semiconductor chip manufacturing facility, bamboo park, food processing hub and electric… Continue reading New policy helps Chhattisgarh diversify, attract investments
Steelmakers may cut down on capex amid price slump
China is the world’s largest producer of steel and accounts for more than half the total production. Steel makers are likely to moderate their capital expenditure plans in 2025 as prices of the alloy remain under pressure. Their debt reduction plans are also likely to be hit as cash flows may be impacted. Prices of… Continue reading Steelmakers may cut down on capex amid price slump
Rupee to remain in pressure amid weak manufacturing exports & policy rate differential with US- Report
The report projects the rupee to trade with a modest depreciating trend, reaching 85.5 per US dollar over the next 12 months. New Delhi: The Indian rupee (INR) is expected to face challenges in 2025 due to multiple global and domestic factors, according to a report by Standard Chartered Bank. The report noted that the… Continue reading Rupee to remain in pressure amid weak manufacturing exports & policy rate differential with US- Report
Hyderabad EV policy drives sales, but needs infra boost
Experts indicate that the revised policy could draw OEMs beyond the current 2W and 3W segments, as infrastructure expands and public acceptance increases. Within a month of its implementation on November 18 this year, the state govt’s electric vehicle (EV) policy showed an immediate impact on the sector, forecasting an upward trajectory for 2025. While… Continue reading Hyderabad EV policy drives sales, but needs infra boost
Why Tata Motors stock is falling? 4 key reasons driving the decline
Updated On Dec 25, 2024 at 03:37 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Tata Motors carries significant weight in the Nifty Auto index, ranking second with a 15.31% contribution. Tata Motors, once a star performer on Dalal Street, has hit a rough patch in recent months. The company’s stock,… Continue reading Why Tata Motors stock is falling? 4 key reasons driving the decline
China accounted for 80% of global EV sales growth in 2024: IEA report
However, in developed markets, the performance was mixed. The European Union saw flat EV sales, with a decline in Germany balanced by a modest rise of around 3% in other EU countries. China accounted for nearly 80% of Electronic Vehicle growth globally, with EV sales jumping from over 3 million in the first half of… Continue reading China accounted for 80% of global EV sales growth in 2024: IEA report