He added that a key feature of the initiative is digital integration to ensure a seamless passenger experience. From January 31, Delhi Metro Rail Corporation (DMRC), in association with a cooperative society, will provide last-mile connectivity from 10 metro stations via bike taxis, auto-rickshaws and cabs. These 10 stations are located close to major market… Continue reading DMRC to launch bike taxis, autos and cabs for last-mile connectivity
Author: Economic Times of India Online News
Canada, China slash EV, canola tariffs in reset of ties
Canada and China have struck an initial trade deal that will slash tariffs on electric vehicles and canola, Prime Minister Mark Carney said on Friday, as both nations promised to tear down trade barriers while forging new strategic ties. The first Canadian prime minister to visit China since 2017, Carney is seeking to rebuild ties… Continue reading Canada, China slash EV, canola tariffs in reset of ties
Hyundai Motor Group to appoint former head of Tesla’s humanoid robot program as adviser
South Korea’s Hyundai Motor Group said on Friday it plans to appoint Milan Kovac, the former head of Tesla‘s humanoid robot program, as an adviser as it seeks to bolster its competitiveness in robotics and artificial intelligence. The auto group also plans to nominate Kovac as an outside director of the firm’s U.S. subsidiary Boston… Continue reading Hyundai Motor Group to appoint former head of Tesla’s humanoid robot program as adviser
Rupee declines 10 paise to 90.44 against US dollar in early trade
Analysts said the American currency was impacted by the December US inflation numbers, which have reduced hopes for an immediate interest rate cut by the Federal Reserve. The rupee extended its weakening momentum for the third straight session, losing 10 paise to 90.44 against the US dollar in early trade on Friday, weighed down by… Continue reading Rupee declines 10 paise to 90.44 against US dollar in early trade
Toyota’s sweetened bid for group forklift maker opposed by Elliott
Toyota Motor said in a statement on Friday that it was aware of Elliott’s statement and would continue to closely monitor the situation. Toyota Motor may have revised its offer for Toyota Industries 15% higher, but that hasn’t satisfied activist shareholder Elliott, which said on Thursday that the planned buyout “very substantially” undervalued the forklift… Continue reading Toyota’s sweetened bid for group forklift maker opposed by Elliott
Urban mobility infra strengthened household finances: EAC-PM
New Delhi: Improved access to efficient public transport reduces households’ dependence on private vehicles, thereby lowering recurring transportation expenses, said a working paper by the Economic Advisory Council to the PM (EAC-PM). “This, in turn, eases the burden of servicing EMIs (equated monthly instalments), among the most significant fixed financial commitments for urban households,” said… Continue reading Urban mobility infra strengthened household finances: EAC-PM
Industry seeks GST correction, duty relief for EVs ahead of Budget
Electric vehicle makers have urged the government to correct the inverted duty structure and preserve a clear GST advantage for EVs, warning that recent tax changes for internal combustion engine (ICE) vehicles have narrowed the price gap and weakened the total cost of ownership benefit of electric mobility. While EVs continue to attract 5 per… Continue reading Industry seeks GST correction, duty relief for EVs ahead of Budget
Green and gray reshape auto colour choices in 2025: BASF report
The Americas showed a modest revival in chromatic tones, with the share of coloured paints rising nearly two percentage points. Green has emerged as the fastest-growing automotive colour globally in 2025, while gray has gained strongly within the neutral palette, signalling a shift away from traditional favourites, according to BASF Coatings’ latest Color Report for… Continue reading Green and gray reshape auto colour choices in 2025: BASF report
NBC Bearings to acquire 30% stake in Ahamani India
The companies said the partnership supports Ahamani’s long-term plans in India and enables NBC Bearings to expand its presence in future engineering and mobility technologies. National Engineering Industries, part of the CKA Birla Group, has entered into a strategic partnership with Ahamani EV Technology India to expand the advanced drone market in India. As part… Continue reading NBC Bearings to acquire 30% stake in Ahamani India
Owners struggle with HSRP registration as 4k records vanish at Beed RTO
RTO authorities said they were assisting the affected vehicle owners in completing the SOP process to enable HSRP registration. The Regional Transport Office (RTO) in Beed has no record of at least 4,000 vehicles, creating significant challenges for their owners, including difficulty in mandatory registration for High Security Registration Plates (HSRP). RTO officials alleged that… Continue reading Owners struggle with HSRP registration as 4k records vanish at Beed RTO