The local currency had climbed to a peak of 86.47 last week, largely on the back of heavy-handed intervention by the Reserve Bank of India. The Indian rupee is expected to open modestly stronger on Friday, benefiting from a broadly weaker dollar that was weighed down by positional adjustments as traders recalibrated their expectations about… Continue reading Rupee to benefit as dollar eases to year-to-date lows, eyes portfolio flows
Author: Economic Times of India Online News
Battery storage to play key role as EV charging demand set to reach 38 TWh by 2032: Report
The expansion of battery storage is expected to play a crucial role in balancing the grid and ensuring reliable power supply as the country moves towards its EV adoption and clean energy goals. India will require 47 GW/237 GWh of Battery Energy Storage Systems (BESS) and 26 GW of pumped hydro storage to support the… Continue reading Battery storage to play key role as EV charging demand set to reach 38 TWh by 2032: Report
India may offer on-tap facility for EV manufacturing, letting cos test waters first
Updated On Feb 21, 2025 at 08:16 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Automakers interested in the scheme had previously raised concerns about the quantum of investments specified in EV-only facilities. New Delhi: India could offer an on-tap facility for manufacturing electric vehicles under the soon-to-be-announced guidelines for the… Continue reading India may offer on-tap facility for EV manufacturing, letting cos test waters first
Electric penetration in India’s public transportation sector to reach up to 40% by FY30: ICRA
The central government has rolled out several schemes, including the PM e-Bus (electric buses) Sewa, to support the electrification of public transport. Electric-powered public transportation could act as a major contributor in the Government of India’s vision of transitioning from conventional fuels such as diesel and petrol to sustainable alternatives for powering economic growth. According… Continue reading Electric penetration in India’s public transportation sector to reach up to 40% by FY30: ICRA
Maharashtra: RTO drive against vehicles with fancy number plates
MUMBAI: The Maharashtra Transport Commissioner‘s Office has launched a statewide crackdown on vehicles with fancy number plates and those without High-Security Registration Plates (HSRP), officials said on Wednesday. All Regional Transport Offices (RTOs) have been instructed to conduct a month-long special drive from February 18 to March 15, as per a directive issued on Monday.… Continue reading Maharashtra: RTO drive against vehicles with fancy number plates
Number of EVs on Indian roads likely to cross 28 million in 2030: Report
NEW DELHI: The cumulative number of EVs on Indian roads will likely cross 28 million units in 2030, generating significant demand for energy from the grid, according to the India Energy Storage Alliance (IESA), a leading industry body focused on e-mobility, energy storage and hydrogen. India’s cumulative EV sales have crossed 4.1 million units in… Continue reading Number of EVs on Indian roads likely to cross 28 million in 2030: Report
ETCVS: ARAI developing demo cases with 5G for connected vehicles: Ujjwala Karle
She emphasizes that seamless connectivity between infrastructure. Interoperability will be key to the success of connected vehicles in India. Highlighting that the country holds a 5% market share in the global connected vehicle segment, with over 80% of Indian customers expressing interest in investing in one, Ujjwala Karle, Deputy Director & Head, Automotive Research Association… Continue reading ETCVS: ARAI developing demo cases with 5G for connected vehicles: Ujjwala Karle
Rupee to gauge fresh round of tariff threats, cautious Fed outlook
Indian FX and bond markets were shut on Wednesday for a local holiday. The Indian rupee is likely to open little changed on Thursday as traders assess fresh U.S. tariff threats and a cautious rate outlook from the Federal Reserve after its latest policy meeting minutes highlighted upside risks to inflation. The 1-month non-deliverable forward… Continue reading Rupee to gauge fresh round of tariff threats, cautious Fed outlook
EV policy: Cos require 2.5k cr sales in 2nd yr
In addition to other norms, the regulations will provide for minimum turnover of INR 2,500 crore in the second year, INR 5,000 crore in the fourth and 7,500 crore in the fifth year from the date of manufacturing. New Delhi: As govt readies to notify the rules for the new EV policy in next few… Continue reading EV policy: Cos require 2.5k cr sales in 2nd yr
Design transport system for people, not cars: WHO DG
While highlighting how 10 countries have reduced road fatalities by half in the past decade and another 35 nations by 30%, the WHO chief said road traffic deaths in Africa increased by 17%. Govts and agencies must design transport system for people and not for cars, World Health Organisation (WHO) director general Tedros Ghebreyesus said,… Continue reading Design transport system for people, not cars: WHO DG