Imports in 2024 should total 463,000 vehicles compared to exports of 403,000 units. Brazil’s auto production is expected to rise 6.8% in 2025 from this year, totalling 2.75 million units, estimates released by automakers association Anfavea showed on Thursday. Auto sales in Latin America’s largest economy, the group added, are set to grow 5.6% next… Continue reading Brazil auto production to grow 6.8% in 2025, Anfavea predicts
Author: Economic Times of India Online News
Rupee weakness to persist on rally in dollar, US yields
The RBI’s action in the swap market has distorted the dollar/rupee forward premiums, with near maturities yielding more than far maturities. The Indian rupee will have to contend with the higher run in the U.S. dollar and yields at the open on Friday, which may push the local currency to a new all-time low. The… Continue reading Rupee weakness to persist on rally in dollar, US yields
Why standard motor insurance isn’t enough for EVs
As EV ownership grows increasingly widespread, comprehensive EV insurance has become vital. Electric vehicles (EVs) have grown from a niche market to a popular choice in India, thanks to environmental consciousness and the attractiveness of low-cost, sustainable transportation. EV registrations increased by 11% year-on-year between April-Nov 2024, while in the first half of 2024 it… Continue reading Why standard motor insurance isn’t enough for EVs
Nissan reshuffles management to fix its money-losing business
That was a reversal from the 190.7 billion yen profit recorded the same quarter a year ago. Sales for the quarter through September fell to 2.9 trillion yen (USD 19 billion) from 3.1 trillion yen. Embattled Japanese automaker Nissan has tapped Jeremie Papin, who was overseeing its U.S. operations, as its chief financial officer in… Continue reading Nissan reshuffles management to fix its money-losing business
TIVOLT Electric Vehicles inks pact with Tata Power Renewable Energy to build charging ecosystem
Besides, TPREL will also explore the integration of solar energy systems to power TIVOLT dealerships and customer locations. Murugappa Group-run TCI Clean Mobility subsidiary TIVOLT Electric Vehicles on Wednesday said it has signed a pact with EV charging solutions provider Tata Power Renewable Energy Limited (TPREL) to build a charging ecosystem for its electric commercial… Continue reading TIVOLT Electric Vehicles inks pact with Tata Power Renewable Energy to build charging ecosystem
IIT Bombay partners with HSBC India to advance Green Hydrogen solutions
Hitendra Dave, CEO of HSBC India, said, “We believe that Green hydrogen is a necessary lever to achieve a low carbon economy. Our partnership with IIT Bombay reflects this belief and is also in line with our global commitment to sustainability. The Indian Institute of Technology, Bombay and HSBC India Green Hydrogen programme aims to… Continue reading IIT Bombay partners with HSBC India to advance Green Hydrogen solutions
ChargeZone appoints Pritesh Kumar as Director of Business Development
Pritesh Kumar ChargeZone, an EV charging network in India, has appointed Pritesh Kumar as its Director of Business Development. Kumar brings nearly two decades of automotive industry experience to the role. His appointment aims to bolster ChargeZone’s expansion plans, enhance customer engagement, and strengthen partnerships within the EV sector. ChargeZone plans to significantly expand its… Continue reading ChargeZone appoints Pritesh Kumar as Director of Business Development
PUC violations double from 2023; GRAP period sees 2.3 lakh challans
The officer also said that the number of challans issued by Delhi Traffic Police during GRAP 3 and 4 was quite high. Traffic violations linked to pollution checks nearly doubled in the city this year compared with 2023, according to Delhi Traffic Police data. Between January and December 2 this year, a staggering 4,56,189 challans… Continue reading PUC violations double from 2023; GRAP period sees 2.3 lakh challans
ANPR cameras installed across Trichy entry points to enhance surveillance
ANPR cameras will trace all vehicles violating seat belt rules without exceptions To modernize and strengthen CCTV surveillance, the Trichy city police have installed high-resolution Automatic Number Plate Recognition (ANPR) cameras at nine key city entry points and major traffic intersections at a cost of INR 28 lakh. Funded under a corporate social responsibility (CSR)… Continue reading ANPR cameras installed across Trichy entry points to enhance surveillance
Trump EV scepticism threatens USD 54 bn Korea plans
Although companies haven’t taken any action yet, many are “anxious” about to what degree Trump would slash government incentives for the EV market, said Kenny Kim South Korean companies are reconsidering their USD 54 billion investment blitz to build electric-vehicle battery plants in the US over concerns President-elect Donald Trump could undo tax credits for… Continue reading Trump EV scepticism threatens USD 54 bn Korea plans