MP Materials inks multibillion-dollar deal with U.S. to ramp up rare earth magnet output, aiming to cut reliance on China for critical tech components. MP Materials unveiled a multibillion-dollar deal with the U.S. government on Thursday to boost output of rare earth magnets and help loosen China’s grip on the materials used to build weapons,… Continue reading MP Materials seals mega rare-earths deal with US to break China’s grip
Author: Economic Times of India Online News
Uttarakhand reviews draft EV policy 2025, focus on incentives and ecosystem development
Of the over 42 lakh registered vehicles in Uttarakhand, 84,614 are electric — a number expected to grow significantly with the implementation of a dedicated EV policy. The Uttarakhand Transport Department, in coordination with other key state departments, held a high-level meeting on Thursday to deliberate on the draft Electric Vehicle (Manufacturing and Purchase) Policy… Continue reading Uttarakhand reviews draft EV policy 2025, focus on incentives and ecosystem development
Tata Motors, M&M, three others may raise ₹2,000 cr and PLI claims
Tata Motors, Mahindra & Mahindra, Bajaj Auto, Ola Electric, and TVS Motor may claim over ₹2,000 crore under the auto PLI scheme this fiscal, as per a government assessment. Tata Motors, Mahindra & Mahindra (M&M), Bajaj Auto, Ola Electric Technologies and TVS Motor Company could raise claims totalling more than ₹2,000 crore this fiscal year… Continue reading Tata Motors, M&M, three others may raise ₹2,000 cr and PLI claims
India on track to achieve clean mobility goals: Minister
New Delhi, India’s fastest-growing major economy, is steadily advancing on its clean mobility mission, Minister of State for Road Transport and Highways Harsh Malhotra said on Thursday.Ask ChatGPT New Delhi, India, which is the fastest-growing major economy, is on track on its mission to clean mobility journey, Minister of State for Road, Transport and Highways,… Continue reading India on track to achieve clean mobility goals: Minister
China automakers’ price war, overcapacity hurt finances
China’s auto sector is grappling with overcapacity and a prolonged price war, prompting concerns from regulators and industry leaders over its long-term sustainability. China’s auto sector is reeling from overcapacity and an extended price war, raising alarm among regulators and industry executives who warn the turmoil is undermining the sector’s long-term viability. China’s top leaders… Continue reading China automakers’ price war, overcapacity hurt finances
India needs battery technology beyond lithium, says industry experts
FILE — An overhead view of the 2022 Ford F-150 Lightning’s chassis, including its engine and batteries, at the automaker’s plant in Dearborn, Mich., Jan. 25, 2022. Ford Motor said on Wednesday, July 9, 2025, that a plant it was building to make batteries for its electric vehicles, like the F-150 Lightning, would still qualify… Continue reading India needs battery technology beyond lithium, says industry experts
India automaker Mahindra, parts maker Minda eye local magnet production, sources say
Indian auto company Mahindra & Mahindra and parts maker Uno Minda are looking to make rare earth magnets locally to cut reliance on China, as New Delhi draws up incentives for production of the critical components, company and government sources told Reuters. China, which produces around 90% of the world’s rare earth magnets, put restrictions… Continue reading India automaker Mahindra, parts maker Minda eye local magnet production, sources say
Gentari, Shell India forge EV charger roaming partnership in India
Two electric vehicles charge at a co-branded Gentari and Shell station, set against a vibrant, modern cityscape. The scene embodies a clean energy future. Clean energy firm Gentari and Shell India have formed a strategic partnership to improve electric vehicle (EV) charging accessibility nationwide, according to a company announcement on Thursday. The partnership aims… Continue reading Gentari, Shell India forge EV charger roaming partnership in India
Auto industry likely to post weak Q1 FY26 results amid global headwinds
Original Equipment Manufacturers (OEMs) are likely to see EBITDA margins shrink by 260 basis points YoY, though the impact narrows to 80 bps without Tata Motors. India’s automobile industry is headed for a modest Q1 FY26 earnings season, weighed down by global volatility, rising commodity costs, and geopolitical disruptions, according to a recent analysis by… Continue reading Auto industry likely to post weak Q1 FY26 results amid global headwinds
China opens online complaint portal to enforce automaker payment promises
The initiative comes in the wake of growing backlash from upstream industries, including steelmakers and parts manufacturers, as a cutthroat price war—sparked in early 2023—continues to strain cash flows across the auto sector. China’s Ministry of Industry and Information Technology (MIIT) has launched an online complaint platform for automotive suppliers, aimed at tightening enforcement around… Continue reading China opens online complaint portal to enforce automaker payment promises