At present, Karnataka’s road taxes are already among the highest in India – between% and 20%. The Karnataka Assembly has passed a bill for INR 500 cess on cars and bikes at the time of registration, reports said on December 18. The amended law mandates a 3% additional fee on transport vehicles. The new law… Continue reading Vehicle registration fees hiked in Karnataka
Author: Economic Times of India Online News
Delhi special courts to clear 2k traffic challan cases daily
Plans are to expand the project to all 60 evening courts depending on the response of the public. Traffic challans, of which a backlog of over two crore has built up in the district courts, may now be more readily disposed of with an innovative plan to have them handled by evening courts from December… Continue reading Delhi special courts to clear 2k traffic challan cases daily
Rupee hits a new low as Fed call looms
The dollar index was at 106.7 and has risen over 3% since November and yields of the 10 year US treasury bills are trading at 4.39%. The Indian rupee depreciated to a life-time low for the third consecutive day as traders turned risk averse ahead of the US Federal Reserve’s rate cut decision expected later… Continue reading Rupee hits a new low as Fed call looms
Long-term policy support necessary for EV segment growth: Lohia
Lohia also sought to bring the electric vehicle segment under the priority sector lending to make it easier for customers to buy electric vehicles. There is a need for long-term policy support to promote electric mobility in the country, according to Lohia CEO Ayush Lohia. He noted that there is a need for clear and… Continue reading Long-term policy support necessary for EV segment growth: Lohia
XLRI Delhi-NCR and INDEA discussed India’s need for design DNA at INDEA Debate 2024
“This debate embodies the very ethos of INDEA—creating a platform where ideas converge, and the future of mobility design takes shape,” he added. The Indian School for Design of Automobiles collaborated with XLRI-Delhi NCR, to organise its first INDEA Debate 2024, at the Habitat Centre, New Delhi. The topic for the debate was ‘Does India… Continue reading XLRI Delhi-NCR and INDEA discussed India’s need for design DNA at INDEA Debate 2024
Perpetuity Capital secures INR 7.5 crore in equity and debt financing
Perpetuity Capital employs non-traditional data points to assess creditworthiness, enabling access to financing for individuals who are often excluded by conventional banking systems. Clean-tech finance platform Perpetuity Capital has raised INR 7.5 crore through a combination of equity and debt financing. The company plans to use the funds to enhance its lending capacity and extend… Continue reading Perpetuity Capital secures INR 7.5 crore in equity and debt financing
Wardwizard Innovations partners with Mufin Green Finance to enhance EV financing
This partnership will simplify financing for customers buying Wardwizard’s L3 Passenger and L5 Cargo electric three-wheelers. Wardwizard Innovations & Mobility Limited (WIML), an Indian electric vehicle manufacturer, and Mufin Green Finance Limited, an NBFC specialising in electric vehicle loans, have partnered to offer financing solutions for WIML’s electric three-wheelers. This agreement aims to increase accessibility… Continue reading Wardwizard Innovations partners with Mufin Green Finance to enhance EV financing
US government agencies fail to meet fleet EV targets, says GAO report
Reuters reported on Monday that Donald Trump’s transition team is recommending sweeping changes to cut off support for electric vehicles including eliminating requirements that federal agencies purchase EVs. U.S. government agencies failed to meet the Biden administration’s fleet electric vehicle purchase targets and bought more than four times as many gas-powered models, a Government Accountability… Continue reading US government agencies fail to meet fleet EV targets, says GAO report
Assurance Intl appoints Sandeep Mahajan as Executive Chairman for driving innovation and growth
Sandeep Mahajan Assurance Intl Limited has appointed Sandeep Mahajan as its new Executive Chairman. Mahajan brings over 35 years of experience, having worked with prominent companies such as Tata Steel, Hindustan Unilever, LG Electronics, and Goodyear. His appointment signals a new phase of growth and innovation for the company. He aims to leverage his extensive… Continue reading Assurance Intl appoints Sandeep Mahajan as Executive Chairman for driving innovation and growth
EV sales up 25.64% from last year: MHI
Updated On Dec 18, 2024 at 08:25 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The PM E-DRIVE scheme aims to support electric mobility through support for 14,028 e-Buses, 2,05,392 e-3 Wheelers (L5), 1,10,596 e-Rickshaws & e-Carts and 24,79,120 e-2 Wheelers. The number of electric vehicles (EVs) sold in the country… Continue reading EV sales up 25.64% from last year: MHI