Vajram Electric acquires 40% stake in Varcas Automobiles to boost EV market presence

Varcas Automobiles Pvt Ltd has a record of delivering over 25,000 electric two-wheelers to date and generating a revenue of INR 110 crore. eBikeGo‘s subsidiary, Vajram Electric Ltd, has acquired a 40% stake in Hyderabad-based electric vehicle manufacturer Varcas Automobiles Pvt Ltd. This strategic move aims to strengthen Vajram’s presence in the electric vehicle market… Continue reading Vajram Electric acquires 40% stake in Varcas Automobiles to boost EV market presence

Who will win the robotaxi race? Tesla, Waymo, or Uber?

Who will win the robotaxi race? Tesla, Waymo, or Uber? Tesla‘s Robotaxi Day is almost here. On Thursday, Elon Musk will unveil a vision for a ridesharing service powered by his company’s autonomous vehicles. His main competition on the technology front is Waymo, owned by Google parent Alphabet. On the ridesharing side, Uber is the… Continue reading Who will win the robotaxi race? Tesla, Waymo, or Uber?

Slow charge point rollout risks stalling US EV sales momentum: Maguire

Slow charge point rollout risks stalling US EV sales momentum: Maguire Electric vehicle (EV) sales in the United States have soared by over 140% since the start of 2023, but additional growth may be hindered by a far slower and more uneven rollout of public charging stations. U.S. registrations of electric vehicles hit just over… Continue reading Slow charge point rollout risks stalling US EV sales momentum: Maguire

Industrialist and visionary Ratan Tata passes away at 86

Updated On Oct 10, 2024 at 12:20 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Ratan Naval Tata Ratan Tata, former Chairman of Tata Sons, passed away on Thursday at the age of 86 in Breach Candy Hospital, Mumbai. Admitted due to a sudden drop in blood pressure, his health deteriorated,… Continue reading Industrialist and visionary Ratan Tata passes away at 86

SUN Mobility-IOCL appoint Anant Badjatya as CEO of joint venture

Anant Badjatya SUN Mobility-IOCL have appointed Anant Badjatya as CEO of their newly formed joint venture, Indofast Swap Energy Pvt. Ltd. This comes after a landmark deal between IOCL and SUN Mobility in June 2024 aiming to create one of India’s largest battery-swapping networks by 2030. This initiative promises to enhance the country’s focus on… Continue reading SUN Mobility-IOCL appoint Anant Badjatya as CEO of joint venture

Customs authority imposes INR 92.04 cr penalty, INR 10 cr fine on Vedanta

“The company believes that there is a strong case of merit and law, more specifically due to the recent judicial pronouncements,” it added. Vedanta on Wednesday said the customs authority has imposed a penalty of INR92.04 crore and a fine of INR10 crore on the company. The order was received on Tuesday, October 8, Vedanta… Continue reading Customs authority imposes INR 92.04 cr penalty, INR 10 cr fine on Vedanta

Industrial smart cities – pivot point in reshaping India’s manufacturing future

Industrial smart cities – pivot point in reshaping India’s manufacturing future Bharat’s strategic pursuit to become the world’s third-largest economy is driven by formidable fundamentals. Anchored firmly in the Prime Minister’s vision of Viksit Bharat, this ambition leverages a dynamic 1.4 billion-strong population with a median age of 28.4 years, a cutting-edge public digital infrastructure… Continue reading Industrial smart cities – pivot point in reshaping India’s manufacturing future

FICCI report projects $15 bn Taiwanese investment potential in India’s electronics and EV sectors

FICCI report projects $15 bn Taiwanese investment potential in India’s electronics and EV sectors The Federation of Indian Chambers of Commerce and Industry (FICCI) has highlighted five key manufacturing sectors in India with substantial investment potential for Taiwan. The report, titled ‘Unlocking the Potential: The Benefits of India as a Partner for Taiwanese Enterprises’, identifies… Continue reading FICCI report projects $15 bn Taiwanese investment potential in India’s electronics and EV sectors

China targets EU brandy in EV tariff vote tit-for-tat

China targets EU brandy in EV tariff vote tit-for-tat China imposed temporary anti-dumping measures on imports of brandy from the EU on Tuesday, hitting French brands including Hennessy and Remy Martin, days after the 27-state bloc voted for tariffs on Chinese-made electric vehicles (EVs). China’s commerce ministry said that an investigation had preliminarily determined that… Continue reading China targets EU brandy in EV tariff vote tit-for-tat