Annual global spending on EV charging infrastructure is forecast to grow at 8% CAGR in this period, reaching $300 billion. India’s DC fast chargers are projected to grow from 14,000 at present to 1.1 million by 2040, according to Wood Mackenzie’s Electric Vehicle (EV) Charging Infrastructure Forecast. The report attributes the growth to strong policy… Continue reading India’s EV fast chargers to rise from 14,000 to 1.1 million by 2040
Author: Economic Times of India Online News
MOL, Suzuki and TradeWaltz to collaborate in automobile trade between India and Africa
The MoU marks a concrete first step toward building a robust supply chain and enhancing the economic connectivity of the rapidly growing markets in India and Africa. Japan’s Mitsui O.S.K. Lines, Ltd (MOL), TradeWaltz, Inc and Suzuki Motor Corporation signed a Memorandum of Understanding (MoU) on Thursday to cooperate and collaborate in automobile trade between… Continue reading MOL, Suzuki and TradeWaltz to collaborate in automobile trade between India and Africa
Food, transport costs take UK inflation to 18 month high
The pickup was forecast by the BOE but exceeded the 3.7 per cent economists were predicting. UK inflation climbed to an 18-month high on the back of surging food, fuel and transport prices, putting the Bank of England under pressure to reconsider the pace of interest-rate cuts. Consumer prices rose 3.8p per cent from a… Continue reading Food, transport costs take UK inflation to 18 month high
Iron ore dips on China blast furnace cuts, US trade restrictions
Other steelmaking ingredients on the DCE fell, with coking coal and coke down 2.6per cent and 2.33 per cent, respectively. Iron ore futures prices declined on Wednesday, pressured by a mandated production cut ahead of a military parade in China and US trade restrictions on steel imports. The most-traded January iron ore contract on China’s… Continue reading Iron ore dips on China blast furnace cuts, US trade restrictions
Suzuki expansion cements Gujarat’s position as global auto hub
Gujarat first attracted a wave of global automobile manufacturers between 2012 and 2015, with Suzuki’s 2014 MoU to establish a mega plant marking a turning point. North Gujarat has rapidly emerged as one of India’s leading automobile manufacturing hubs, led by Suzuki Motor Gujarat’s facility with an annual production capacity of 7.5 lakh cars, according… Continue reading Suzuki expansion cements Gujarat’s position as global auto hub
Honda sets up finance arm in India to boost vehicle sales
Honda already operates similar financing arms in Japan, North America, Europe, and other key markets. Japanese auto major Honda Motor has established a wholly owned subsidiary in India to offer retail sales financing services, including loans and lease sales options, for its products. PTI reported the new entity, Honda Finance India, will apply for a… Continue reading Honda sets up finance arm in India to boost vehicle sales
Road Ministry issues policy data sharing from National Transport Repository
Demand for access from citizens, academics and the private sector to such data continues to grow, the circular stated. The Ministry of Road Transport and Highways (MoRTH) has issued a policy that will enable safe and secure sharing of critical data available under the National Transport Repository (NTR) with state governments and the private sector.… Continue reading Road Ministry issues policy data sharing from National Transport Repository
Why can’t US build 5-minute EV chargers?
Chinese companies have leaped ahead of the rest of the world in high-quality patents for many clean energy technologies, including batteries. China is dominating the electric vehicle market globally, accounting for more than 70 per cent of global manufacturing in 2024, according to the International Energy Agency. Its EV makers have pulled ahead of US… Continue reading Why can’t US build 5-minute EV chargers?
US hikes steel, aluminum tariffs on imported appliances, railcars, EV parts
The move covers more than 400 product codes representing over $200 billion in imports last year. The US Commerce Department said on Tuesday it is hiking steel and aluminum tariffs on more than 400 products including wind turbines, mobile cranes, appliances, bulldozers and other heavy equipment, along with railcars, motorcycles, marine engines, furniture and hundreds… Continue reading US hikes steel, aluminum tariffs on imported appliances, railcars, EV parts
India to lead global auto industry in five years: Gadkari
Currently, the US leads the global auto industry with a size of ₹78 lakh crore, followed by China at ₹47 lakh crore and India at ₹22 lakh crore. Union Minister for Road Transport and Highways Nitin Gadkari on Tuesday said the government aims to make India’s automobile industry the largest in the world within the… Continue reading India to lead global auto industry in five years: Gadkari