Hyundai Motor India Limited (HMIL), in collaboration with IIT Madras and Guidance Tamil Nadu, unveiled the design of its Hyundai HTWO Innovation Centre—an advanced research and development facility dedicated to green hydrogen technology. The upcoming 65,000 sq. ft. centre, to be located within the Discovery Campus of IIT Madras at Thaiyur, Chennai, marks a significant… Continue reading Hyundai India unveils HTWO Innovation Centre at IIT Madras to propel green hydrogen R&D
Author: Economic Times of India Online News
Ford says Michigan EV battery plant ‘on track’ for production tax credits
Ford says its $3 billion Michigan EV battery plant will qualify for tax credits under revised US legislation, easing concerns raised earlier this year. Ford Motor said Tuesday it believes its planned $3 billion Michigan electric vehicle battery plant, which is 60% complete, will qualify for production tax credits after a massive tax and budget… Continue reading Ford says Michigan EV battery plant ‘on track’ for production tax credits
Japan vows to seek US auto tariff concessions in trade talks
In a press conference on Tuesday, Finance Minister Katsunobu Kato said he had no plans for now to hold talks on exchange rate matters with US Treasury Secretary Scott Bessent. Japan’s trade deal with the US must include tariff concessions for its vital automobile industry, top trade negotiator Ryosei Akazawa said on Tuesday, after President… Continue reading Japan vows to seek US auto tariff concessions in trade talks
Nissan to scale back production plan for new EV due to China rare earth curbs, Kyodo reports
Nissan scales back new Leaf EV production due to parts shortage caused by China’s rare earth export curbs, reports Kyodo News. Nissan Motor is scaling back production plans for its new Leaf electric vehicle model because China’s rare earth export restrictions have led to a shortage of parts, Kyodo News reported on Tuesday. The revised… Continue reading Nissan to scale back production plan for new EV due to China rare earth curbs, Kyodo reports
₹700cr project to put Kanpur on global EV manufacturing map
Uttar Pradesh to set up a 500-acre EV Park in Kanpur along the freight corridor, with ₹700 crore investment under PPP model, led by UPSIDA. UP is set to establish state-of-the-art EV Park in Kanpur, strategically located along the dedicated freight corridor to capitalise on pan-India EV demand. With an investment of over Rs 700… Continue reading ₹700cr project to put Kanpur on global EV manufacturing map
Trump says ‘no extensions’ to August 1 tariff deadline; warns more letters to follow
Trump had reignited his global trade war on Monday, threatening more than a dozen countries with steep new tariffs—including 25 percent duties on Japan and South Korea—but also left room for talks. US President Donald Trump on Tuesday doubled down on his sweeping tariff campaign, announcing that no further extensions will be granted, and that… Continue reading Trump says ‘no extensions’ to August 1 tariff deadline; warns more letters to follow
VinFast India partners with RoadGrid to strengthen EV charging and service infrastructure
By collaborating with potential service providers like RoadGrid, VinFast plans to roll out extended service workshops and enhance nationwide service accessibility. VinFast Auto India, the Indian subsidiary of the Vietnam-based EV maker, has entered into a strategic service partnership with EV charging and aftersales solutions provider RoadGrid. The move comes ahead of VinFast’s imminent product… Continue reading VinFast India partners with RoadGrid to strengthen EV charging and service infrastructure
DR Automobiles invests 50 million euros in its Italian plant, hires 300 people
Italian carmaker DR Automobiles will invest €50 million in its Macchia d’Isernia plant and hire 300 workers to support its expansion plans. Italian automaker DR Automobiles said on Monday it would invest 50 million euros ($59 million) in its production site in Macchia d’Isernia and hire 300 people to fund its growth. Based in the… Continue reading DR Automobiles invests 50 million euros in its Italian plant, hires 300 people
EzUrja to deploy terrain-ready EV charging infra in Himachal Pradesh
EzUrja’s initiative aligns with the Himachal Pradesh government’s push to promote clean mobility and renewable energy integration, helping pave the way for a resilient and future-ready EV ecosystem in the Himalayan state. Clean energy and electric vehicle (EV) charging solutions provider, EzUrja, has announced a new initiative aimed at building terrain-ready and weatherproof EV charging… Continue reading EzUrja to deploy terrain-ready EV charging infra in Himachal Pradesh
Abandoning EU’s 2035 zero-emission car target would risk 1 million jobs, study says
Europe’s auto industry could hit 16.8 million annual car production, matching post-2008 levels, if the EU sticks to its 2035 clean car goals Europe’s car industry could return to producing 16.8 million cars a year, equalling its post-2008 crisis peak, if the European Union maintains its 2035 clean cars target and implements policies to support… Continue reading Abandoning EU’s 2035 zero-emission car target would risk 1 million jobs, study says