Founder OM Prakash Gupta said the launch marks a key milestone in expanding the company’s presence in central India, with plans to scale into western and southern markets. In a boost to India’s electric mobility drive, OPG Mobility (formerly Okaya EV) inaugurated its new Ferrato two-wheeler dealership, Vajra E Scooter, at 3-Nal Chowk, Gandhibagh in… Continue reading Nitin Gadkari inaugurates OPG Mobility’s Ferrato EV dealership in Nagpur
Author: Economic Times of India Online News
Greaves Electric Mobility appoints Vikas Singh as Managing Director
Vikas Singh, MD, Greaves Electric Mobility Limited Greaves Electric Mobility Limited (GEML), the electric mobility division of Greaves Cotton Limited, has appointed Vikas Singh as its new Managing Director, effective June 2, 2025. The current management team will report to him. The company stated that Singh’s appointment is part of its long-term strategic vision and… Continue reading Greaves Electric Mobility appoints Vikas Singh as Managing Director
Stellantis offers voluntary redundancy scheme at Turin plant
Luigi Paone of Uilm, one of the unions which agreed the voluntary redundancy plan with Stellantis, said it would be aimed at workers closer to retirement age. Stellantis has started a voluntary redundancy plan for 610 workers at its Mirafori plant in Turin, Italy, after introducing the scheme at other Italian facilities, the automaker said… Continue reading Stellantis offers voluntary redundancy scheme at Turin plant
Hyundai Motor has a rare earths stockpile that can last about a year, source says
China produces around 90% of the world’s rare earths, which are essential for the production of vehicles, especially electric vehicle motors. Hyundai Motor has a rare earths stockpile that can last about a year and it does not expect any near-term impact from global supply chain disruptions caused by China’s export curbs, said a person… Continue reading Hyundai Motor has a rare earths stockpile that can last about a year, source says
Cab and auto strike ends in city on CM’s assurance
They also raised concerns over rapidly dropping fare prices due to internal competition among platforms, which they say led to significant financial losses for them. Online cab, auto strike ends in cityWeek-long strike by cab, auto, and bike taxi drivers operating for online platforms like Ola, Uber, and Rapido has ended after CM Bhajan Lal… Continue reading Cab and auto strike ends in city on CM’s assurance
Faster e-challans & fine payment over traffic violations in offing
It may be stated that there are around 600 CCTVs across Ranchi city which are used to detect vehicles violating traffic norms and also generate e-challans. The traffic department is all set to expedite the process of issuing challans and making payments faster in connection with traffic violations in Ranchi city. Moreover, a string of… Continue reading Faster e-challans & fine payment over traffic violations in offing
Audio Interview: Foreign exchange: Challenges & opportunities for global automotive companies
Ron Hesse speaks with Jim Kessler In the 10-minute Audio Interview, Mr. Kessler discusses these questions: Jim, could you share some background on Corpay Cross-Border, as well as your own professional background and your current role within the company? Why is FX risk management important for global auto manufacturers and suppliers? What types of FX… Continue reading Audio Interview: Foreign exchange: Challenges & opportunities for global automotive companies
Jefferies sees, China restricting rare earth resources to get access to advanced semiconductors of US
Additionally, the restrictions have pushed China to speed up efforts to develop its own semiconductor technologies, reducing its future reliance on US firms. China’s recent restrictions on rare earth resources are being seen as a response to US export controls on advanced semiconductor technology, according to a report by Jefferies. The report highlighted that China… Continue reading Jefferies sees, China restricting rare earth resources to get access to advanced semiconductors of US
DDEL signs pact with International Clean-Tech Partner for hydrogen solutions in India, Thailand
Under a newly signed pact, the two companies will co-develop, bid for, and execute Green Hydrogen Production System Projects. Engineering solutions provider DDEL on Monday said it has entered into a collaboration with International Clean-Tech Partner, an innovator in sustainable energy technologies, for installing modular hydrogen production systems in India and Thailand. The development marks… Continue reading DDEL signs pact with International Clean-Tech Partner for hydrogen solutions in India, Thailand
Auto companies ‘in full panic’ over rare-earths bottleneck
Analysts said the constraints could force automakers to make cars without certain parts and park them until they become available, as GM and others did during the semiconductor crisis. Frank Eckard, CEO of a German magnet maker, has been fielding a flood of calls in recent weeks. Exasperated automakers and parts suppliers have been desperate… Continue reading Auto companies ‘in full panic’ over rare-earths bottleneck