The policy shift is also expected to expand India’s charging infrastructure, benefiting key suppliers. Global brokerages and financial services majors have hailed India’s evolving electric vehicle (EV) policy which would help companies like Tesla to enter the country in a seamless way. According to Nomura, India’s EV policy will fast-track electric vehicle adoption, making it… Continue reading Global brokerages give thumbs up to India’s evolving EV policy
Author: Economic Times of India Online News
E-autos save 8k more per month than LPG-run autos
Drivers using electric autos incur an average monthly cost of INR 3,670, compared to INR 11,508.60 for LPG-powered autos. Kolkata is witnessing a surge in interest among auto drivers to adopt electric vehicles (EVs), with 29% of drivers expressing willingness to make the switch, according to a recent study. The study, conducted by Clean Air… Continue reading E-autos save 8k more per month than LPG-run autos
Zelenskyy says progress made on reaching an agreement with the US on rare minerals deal
The Ukrainian leader said considering aid as a debt to be repaid would be a “Pandora’s box” that would set a precedent requiring Kyiv to reimburse all its backers. A contentious Trump administration proposal to give the U.S. USD 500 billion worth of profits from Ukraine‘s rare earth minerals as compensation for its wartime assistance… Continue reading Zelenskyy says progress made on reaching an agreement with the US on rare minerals deal
Industries thriving in Manesar, but its inhabitants not so much
Those living in societies across Manesar complain of poor urban infrastructure, from roads, sewer lines to waste management. Planned as the industrial hub of the city, Manesar has rapidly added, not just manufacturing units for the automobile sector, but also highrises and colonies to support its growing population. According to a district administration official, there… Continue reading Industries thriving in Manesar, but its inhabitants not so much
We aim to auction as many critical mineral blocks as possible by 2031: Satish Chandra Dubey
The report outlines four key strategic areas for development: policies and incentives, extraction processing technologies, supply chain integration, and capacity building. India plans to maximise the auction of critical mineral blocks by 2031, advancing its strategic push to secure domestic supply chains for minerals essential to the country’s green energy and technology sectors. Speaking at… Continue reading We aim to auction as many critical mineral blocks as possible by 2031: Satish Chandra Dubey
India to cap investment in EV charging for tariff relief as Tesla entry looms, document shows
The government’s plan comes just as Tesla gets closer to entering India with imported cars, having finalised two locations for showrooms. India’s EV policy, which offers import tax cuts for foreign automakers investing in the country, will restrict them from using funds spent on charging infrastructure for such relief, increasing their car manufacturing, a government… Continue reading India to cap investment in EV charging for tariff relief as Tesla entry looms, document shows
Bajaj Auto board gives nod to infuse Euro 150 million in Netherlands-based arm
Bajaj Auto through BAIH BV holds a 49.9% stake in its associate – – Pierer Bajaj AG (PBAG) in Austria. Bajaj Auto Ltd on Friday said its board has approved an investment of up to Euro 150 million (Rs 1,364 crore) in its wholly-owned arm, Bajaj Auto International Holdings BV, Netherlands, to fund the needs… Continue reading Bajaj Auto board gives nod to infuse Euro 150 million in Netherlands-based arm
GIS 2025: Madhya Pradesh to showcase its auto-testing track to lure EV makers
Madhya Pradesh is known for its industries that come up with high-end products but it currently lacks a car manufacturer of international repute. Buoyed up with the successful completion of NATRAX — a pioneering automotive testing and certification centre under the National Automotive Testing and R&D Infrastructure Project (NATRiP) — Madhya Pradesh will lure car… Continue reading GIS 2025: Madhya Pradesh to showcase its auto-testing track to lure EV makers
Electric transport groups urge EU not to ease CO2 emission rules
EU automakers say the problem they face is a shortage of demand, due in part to consumer concerns about inadequate charging infrastructure. The European Union should reject European automakers‘ push to weaken 2025 CO2 car emission targets and related fines, two European electric transport groups wrote in a letter to European Commission President Ursula von… Continue reading Electric transport groups urge EU not to ease CO2 emission rules
India’s auto industry set for moderate growth; premium/SUVs to do better than mass segment: Nomura
India’s auto industry is set for moderate growth, with the two-wheeler and premium car segments expected to perform better than the mass-market car segment. India‘s passenger vehicle (PV) industry is expected to grow steadily over the next three years, according to a report by Nomura. The report forecasted a growth rate of 1.5% in FY25,… Continue reading India’s auto industry set for moderate growth; premium/SUVs to do better than mass segment: Nomura