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
Author: Economic Times of India Online News
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
All you need to know about the GST on EVs
The GST has been increased to bring uniformity in the GST rate charged for businesses on the sale of used EVs with that of used petrol and diesel vehicles with larger engine capacities, which are already taxed at 18%. Finance Minister Nirmala Sitharaman has clarified that the increase in GST from 12% to 18% on… Continue reading All you need to know about the GST on EVs
IREDA lines up INR 3000 crore for green energy projects in Odisha: CMD Pradip Kumar Das
Das also spotlighted Odisha’s potential to emerge as a leading solar power producer and a hub for solar equipment manufacturing. Indian Renewable Energy Development Agency (IREDA) has sanctioned over INR 3,000 crore for green energy projects across Odisha, covering solar, hydro, ethanol and renewable energy manufacturing sectors, its chairman and managing director Pradip Kumar Das… Continue reading IREDA lines up INR 3000 crore for green energy projects in Odisha: CMD Pradip Kumar Das
Solar, EVs and a big exit from coal: 2024’s good climate news
Today, EVs make up about 25% of cars in Norway, with around 170 electric-powered models available. After months of depressing news about countries backsliding on climate pledges and companies softening green ambitions, it’d be easy to forget this year also saw impressive developments in the fight against global warming.Solar installations popped up in unexpected places.… Continue reading Solar, EVs and a big exit from coal: 2024’s good climate news
25 EV charging points to come up in Bhubaneswar
Officials said Crut will procure more EV buses and will also facilitate the plying of e-rickshaws for multiple purposes. At present, e-rickshaws are also being used to transport municipal solid waste. Bhubaneswar Municipal Corporation (BMC) has identified 25 electric vehicle (EV) charging points in the city, where EV city buses, autorickshaws and personal cars and… Continue reading 25 EV charging points to come up in Bhubaneswar