CarTrades underlying operating performance has remained strong. The companys profit more than doubled year-on-year in the most recent quarter, while revenue grew by 29 per cent over the same period. Shares of CarTrade Tech slid as much as 5.1 per cent on Thursday to ₹3,010 on the BSE after the company and Girnar Software mutually… Continue reading CarTrade Tech slides 5% as talks to absorb CarDekho, BikeDekho collapse
Author: Economic Times of India Online News
EU vows ‘flexibility’ for embattled auto sector
Merz, who has repeatedly spoken out against the ban, said that a tremendous effort was needed to face up the challenge of the rapid changes in the auto industry. The European Union’s industry chief vowed Wednesday to allow “flexibility” for the region’s struggling auto sector, fuelling hopes the bloc could soften a planned 2035 ban… Continue reading EU vows ‘flexibility’ for embattled auto sector
India aims to become world’s cheapest producer of green hydrogen by 2030: Former Niti Aayog CEO
He stressed that Indias innovation ecosystem, backed by digital infrastructure, geospatial tools and AI, will play a critical role in accelerating the green transition. India is positioning itself to become the world’s cheapest producer of green hydrogen, targeting a drastic cost reduction from $4.5 per kg to $1 per kg by 2030, former Niti Aayog… Continue reading India aims to become world’s cheapest producer of green hydrogen by 2030: Former Niti Aayog CEO
CarTrade ends talks on potential CarDekho consolidation
The potential deal had drawn considerable interest within the auto-tech sector, as it was expected to alter competitive dynamics for players including Cars24, Spinny and Droom. CarTrade Tech on Thursday said discussions with Girnar Software, the parent of CarDekho and BikeDekho, on a possible consolidation have been called off. In a filing dated 27 November… Continue reading CarTrade ends talks on potential CarDekho consolidation
Kochi MVD books 984 vehicles for traffic violations
Numerous cases were taken in the backdrop of high court directive to take action against drivers who didnt stop the vehicle at zebra crossings. Motor vehicles department (MVD) booked 984 vehicles for various traffic violations in the district. The offences were detected during inspections conducted by central region deputy transport commissioner along with enforcement officers… Continue reading Kochi MVD books 984 vehicles for traffic violations
Uno Minda launches portable EV wall charger to tap growing home-charging demand
Compact and lightweight, the charger is supplied with a protective carry case. It also includes safeguards against overvoltage, overcurrent and short-circuit risks. As electric vehicle adoption rises in India, Uno Minda has introduced a portable EV wall charger aimed at improving access to reliable home and on-the-go charging. The device delivers a 3.3kW output and… Continue reading Uno Minda launches portable EV wall charger to tap growing home-charging demand
EV registrations cross two million in 2025
India’s electric vehicle registrations have surpassed two million units this calendar year, marking a significant milestone. CHENNAI: This calendar year has turned out to be an impressive one for battery-powered electric vehicles in the country. For the first time, total EV registrations across all segments have crossed the milestone of two million units — and… Continue reading EV registrations cross two million in 2025
Quick commerce ups gig rider onboarding, monthly base accelerates 70-80%
In comparison, the more profitable food delivery segment—which has seen sales growth plateauing—saw the number expanding at a slower place. Aggressive scale-up and fast growth have prompted quick commerce platforms to step up the onboarding of last-mile delivery workers, according to industry executives and staffing firms. India’s quick commerce sector, dominated by Eternal-owned Blinkit, Zepto… Continue reading Quick commerce ups gig rider onboarding, monthly base accelerates 70-80%
Mahindra Last Mile Mobility partners with PNB to boost EV financing
The collaboration will offer customised finance schemes, flexible repayment schedules and seamless access to the full range of MLMML vehicles. Mahindra Last Mile Mobility Limited (MLMML), India’s leading electric commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB) to provide tailored vehicle financing solutions. The partnership aims to enhance… Continue reading Mahindra Last Mile Mobility partners with PNB to boost EV financing
Thailand adjusts EV policy to address potential oversupply
The estimated cost for the EV charging infrastructure at the three ISBTs is ₹16.99 crore, officials said. Thailand made changes to its electric vehicle incentive policy on Tuesday in order to encourage exports and head off a supply glut at home, which could have an impact on the overall car market, the country’s Board of… Continue reading Thailand adjusts EV policy to address potential oversupply