Global experience shows that traffic rule violations decrease when there is a high probability of getting caught for every offence. Despite a significant rise in fines after the amended Motor Vehicle Act came into force in September 2019, government data shows that enforcement authorities have issued over 24 crore e-challans since then, averaging around 1.3… Continue reading 1.3 lakh e-challans issued per day since September 2019 for traffic offences
Author: Economic Times of India Online News
Servotech Power in pact with LESSzwei GmbH for solar-powered EV charging network in Germany
Servotech Power Systems is a listed entity that develops tech-enabled EV charging and solar solutions. Homegrown Servotech Power Systems on Monday said it has signed a strategic partnership with LESSzwei GmbH (LESS2) to develop and deploy solar-powered EV charging infrastructures in urban areas of Germany. The 100% solar power-based EV charging infrastructure will be set… Continue reading Servotech Power in pact with LESSzwei GmbH for solar-powered EV charging network in Germany
Hyundai Motor India plans 600 EV fast charging stations by 2030
This agreement will result in 100 EV charging stations across Tamil Nadu by 2027, with 10 scheduled to be operational within 2024. Hyundai Motor India Limited (HMIL) is expanding its public electric vehicle (EV) charging network across India, aiming for nearly 600 fast-charging stations in the next seven years. The company plans to have 50… Continue reading Hyundai Motor India plans 600 EV fast charging stations by 2030
Greenie Energy raises USD 600,000 in seed funding to revolutionise EV charging across India
As India moves towards a more sustainable future, Greenie Energy is well-positioned to be a key enabler of EV adoption, offering reliable and accessible charging infrastructure to meet the nation’s growing demand. Greenie Energy, an innovative EV charging technology start-up, has successfully raised USD 600,000 (over Rs 5 crore) in seed funding from a group… Continue reading Greenie Energy raises USD 600,000 in seed funding to revolutionise EV charging across India
Rupee tipped to drift lower as buoyant dollar pressures Asia FX
The dollar index was at 106.05 after rising 0.5% on Friday, while U.S. bond yields dipped after the labour market data. The Indian rupee is likely to open slightly lower on Monday as expectations surrounding the incoming Trump administration’s policies keep the dollar well-bid despite heightened hopes of a Federal Reserve rate cut this month.… Continue reading Rupee tipped to drift lower as buoyant dollar pressures Asia FX
EV industry set to drive India’s future: Gadkari
“With these reserves, the cost of lithium-ion batteries is expected to come down substantially, enabling a faster transition to EVs,” Gadkari remarked. India’s electric vehicle (EV) industry is set to revolutionise country’s transportation sector, creating approximately 4 crore jobs by 2030, Union minister for road transport and highways Nitin Gadkari said at a workshop on… Continue reading EV industry set to drive India’s future: Gadkari
Stellantis to rejoin ACEA auto manufacturers association
Tavares, who resigned early this week, has recently opposed ACEA proposal to delay European Union fines for automakers which would not meet intermediate carbon reduction targets set for 2025. Stellantis on Friday said it planned to rejoin European auto lobby ACEA, which it had left at the beginning of 2023, in a move that might… Continue reading Stellantis to rejoin ACEA auto manufacturers association
Nov auto sales reflect steady demand in Ahmedabad
While Oct may have revved up the charts, Nov’s performance keeps Gujarat’s auto market cruising steadily, with strong sentiment setting the pace for a promising year-end finish. Passenger vehicle sales in Gujarat in Nov were recorded at 24,602 units, demonstrating the market’s steady momentum even as a high-base effect from last year made for a… Continue reading Nov auto sales reflect steady demand in Ahmedabad
31 states, UTs collected INR 12,632 cr traffic fines in 5 yrs
It also informed the lower house that till last month, out of 2.2 crore transport vehicles, 10.7 lakh were fitted with Speed Limiting Devices (SLDs). New Delhi: Thirty-one states and UTs have mopped up around INR 12,632 crore in fines for traffic rule violations between 2019 and 2024, road transport ministry told LS. It said… Continue reading 31 states, UTs collected INR 12,632 cr traffic fines in 5 yrs
Cars entering U’khand to pay green cess; EVs, bikes exempted
While two-wheelers are exempted from the cess, three-wheelers will be charged INR 20, four-wheelers INR 40, and medium and heavy vehicles INR 60 and INR 80, respectively. Uttarakhand govt has initiated the tendering process to implement a green cess on vehicles entering the state from other regions, reports Pankul Sharma. Officials have invited tenders for… Continue reading Cars entering U’khand to pay green cess; EVs, bikes exempted