Hanif Qureshi, Additional Secretary, Ministry of Heavy Industries It is time to step away from government incentives aimed at promoting electric vehicle (EV) production and adoption in India, said Hanif Qureshi, Additional Secretary, Ministry of Heavy Industries on Thursday.Over the years, the government has rolled out multiple schemes such as FAME I & II, PM… Continue reading It’s time to move away from auto incentives: Hanif Qureshi
Author: Economic Times of India Online News
All India Rubber Industries Association elects Anay Gupta as its President
Anay Gupta The All India Rubber Industries Association (AIRIA), the apex body representing India’s rubber industry, on Thursday announced its new office bearers for 2025-26. The appointments were made at the association’s 73rd Annual General Meeting 2024-25. Anay Gupta, Managing Director of Vinko Auto Industries, Delhi, has been elected as the President of AIRIA. K… Continue reading All India Rubber Industries Association elects Anay Gupta as its President
GM lays off 1,700 workers at plants in Michigan and Ohio amid slower EV demand
General Motors is laying off approximately 1,700 workers across Michigan and Ohio manufacturing sites due to slowing electric vehicle demand. General Motors is laying off about 1,700 workers across manufacturing sites in Michigan and Ohio, as the auto giant adjusts to slowing demand for electric vehicles. The Detroit News first reported the cuts on Wednesday… Continue reading GM lays off 1,700 workers at plants in Michigan and Ohio amid slower EV demand
Honda Motor to make India global manufacturing hub for new EV
Developed for India, the vehicle will be produced at Honda’s Rajasthan plant. Japanese carmaker Honda Motor will make India a global manufacturing hub for its upcoming electric, Honda 0 α (alpha), whose prototype was unveiled at the Japan Mobility Show. The car has been developed for the Indian and Japanese markets, apart from other Asian… Continue reading Honda Motor to make India global manufacturing hub for new EV
US-South Korea compromise trade deal welcomed by Hyundai Motor and markets
The US and South Korea finalized a trade deal, setting auto and auto parts tariffs at 15% and structuring a $350 billion investment in the US. A trade deal reached by the US and South Korea on Wednesday at their leaders’ summit is a best-case compromise to untangle a deadlock in tariff talks that had… Continue reading US-South Korea compromise trade deal welcomed by Hyundai Motor and markets
Italdesign CEO says parent Volkswagen may decide unit’s future by year-end
Volkswagen may decide the future of its Italian design unit, Italdesign, by year-end. Volkswagen could decide on the future of its Italy-based design and engineering unit Italdesign by the end of this year, Italdesign CEO said on Tuesday. The German automaker, which is under pressure to overhaul its European operations amid increasing competition and soft… Continue reading Italdesign CEO says parent Volkswagen may decide unit’s future by year-end
India, EU need more talks on steel, autos, carbon levy for trade deal
The EU is Indias biggest trading partner in goods, with bilateral trade hitting $137.5 billion in the 2023/24 fiscal year, up nearly 90 per cent over the past decade. India and the European Union agreed that issues related to steel, automobiles, carbon levies and other EU regulations require further discussions due to higher sensitivities, New… Continue reading India, EU need more talks on steel, autos, carbon levy for trade deal
EV demand rebounds after GST cut on ICE cars slows sales: Report
The ongoing wedding season and attractive exchange offers are expected to provide a temporary boost to sales across entry-level vehicle segments. Electric passenger vehicle volumes are regaining momentum after an initial slowdown caused by the government’s reduction in GST on internal combustion engine (ICE) vehicles, according to a report by YES Securities. The brokerage noted… Continue reading EV demand rebounds after GST cut on ICE cars slows sales: Report
25 EV charging centres to come up in Prayagraj
Its focus is on promoting the rapid adoption of electric vehicles, developing a robust network of charging infrastructure, and making Uttar Pradesh a global hub for EV and battery manufacturing. With state govt promoting green transport for environmental protection, plans are afoot to set up as many as 25 public electric vehicle (EV) charging centres… Continue reading 25 EV charging centres to come up in Prayagraj
After KYC, compulsory KYV is here. And it’s driving people up the wall
Know Your Vehicle If recurring KYCs was not enough, there’s now a KYV that you must go through if you happen to own a vehicle. Short for know your vehicle, this new process that is supposed to sanitise your FASTag is the latest compliance burden to be thrust on Indians. What was the need? Apparently,… Continue reading After KYC, compulsory KYV is here. And it’s driving people up the wall