Updated On Jan 29, 2025 at 09:18 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals With several new EV models scheduled to hit the India market this year, Exicom looks at 2025 as a “breakthrough year” for the EV industry. New Delhi: EV charging solutions provider Exicom looks to start production… Continue reading Exicom to start production at new Hyderabad facility by May
Author: Economic Times of India Online News
Union Budget 2025: Auto Inc’s top 3 wishes for growth and reform
As the country prepares for FM’s Budget speech on Feb 1, auto industry experts are closely watching for potential relief measures for this sector, which contributes more than 7% to India’s overall GDP. New Delhi: India is the world’s third-largest automobile market, and the sector has witnessed significant positive changes over the years. However, there… Continue reading Union Budget 2025: Auto Inc’s top 3 wishes for growth and reform
Bajaj Auto Q3 profit rises 8% to INR 2,196 crore on robust export growth
Domestic sales experienced a decline, with 7,07,105 units sold in Q3 2024 compared to 7,78,281 units in Q3 2023. Bajaj Auto reported an 8% rise in consolidated net profit to INR 2,196 crore for the third quarter ending December 31, 2024, driven by strong export performance. This compares to a net profit of INR 2,033… Continue reading Bajaj Auto Q3 profit rises 8% to INR 2,196 crore on robust export growth
Shimnit Group Showcases Breakthrough Security, Safety, and Sustainability Solutions at Bharat Mobility 2025
Shimnit Group Shimnit Group and its associated companies concluded a remarkable showcase at Bharat Mobility 2025, held from January 17 to 22, 2025. Demonstrating its commitment to transforming the mobility landscape, the group highlighted its three core pillars—Security, Safety, and Sustainability—through its flagship brands: Shimnit India, Shimnit New Fire, and BlueVerse. The event provided a… Continue reading Shimnit Group Showcases Breakthrough Security, Safety, and Sustainability Solutions at Bharat Mobility 2025
Automobile sector: A key catalyst for India’s growth, needs priority in the Union Budget 2025
To boost investment in the sector, it is important to iron out issues in the current PLI and thereby better position India’s automobile sector to compete globally. The Union Budget 2025 is upon us and three macro trends are standing out. In the first week of January the Reserve Bank of India (RBI) lowered estimates… Continue reading Automobile sector: A key catalyst for India’s growth, needs priority in the Union Budget 2025
Greening the economy – Stepping towards sustainability
A significant portion of India’s renewable energy target of 500 MW by 2030 will come from solar energy. As a nation, we need to take a ‘wholistic’ approach to energy transition. The key elements underpinnings India’s energy transition include renewable energy, smart metering, hydrogen based economy, carbon markets, domestic production of key supply chain products,… Continue reading Greening the economy – Stepping towards sustainability
Support for green tech, EV ecosystem, consumer spending boost: Automakers’ Budget wishlist
Arora said, “Budget allocation on facilitating the EV ecosystem like charging infrastructure will give further lift to sustainable mobility. Allocating a budget for better and safe road infrastructure will facilitate the growth of the auto industry.” Automakers want the government to provide merit-based policies to support a full range of green technologies and alternative fuels… Continue reading Support for green tech, EV ecosystem, consumer spending boost: Automakers’ Budget wishlist
TVS Motor Q3 Results: PAT rises 4% Y-o-Y to INR 618 crore, misses estimates
The profit after tax (PAT) was lower than the Street’s estimates of INR 657 crore. Two-wheeler major TVS Motor Company on Tuesday reported a 4.2% year-on-year (Y-o-Y) growth in its December quarter standalone net profit at INR 618 crore versus INR 593 crore posted in the year-ago period. The profit after tax (PAT) was lower… Continue reading TVS Motor Q3 Results: PAT rises 4% Y-o-Y to INR 618 crore, misses estimates
China’s fossil-fuelled power output may fall in 2025 for first time in decade
Power demand will almost certainly continue expanding faster than China’s economy, forecast to grow 4.5% this year. China’s mostly coal-based thermal power generation is set to fall in 2025 for the first time in a decade, some analysts estimate, though they caution that extreme weather or stronger than expected industrial growth could upend that forecast.… Continue reading China’s fossil-fuelled power output may fall in 2025 for first time in decade
After Adani, Jindal enters copper biz
JSW will face competition from Adani Group, which entered the copper business in 2022, along with established players like Aditya Birla Group’s Hindalco Industries and Anil Agarwal’s Vedanta. Billionaire Sajjan Jindal‘s JSW Group is venturing into the non-ferrous metals business, with an investment of INR 2,600 crore, following its entry into the automobile sector last… Continue reading After Adani, Jindal enters copper biz