Author: Economic Times of India Online News

India’s power sector has potential of INR 40 trillion investment over next decade: Motilal Oswal

India’s current primary energy and electricity consumption trends closely mirror those of China in the early 2000s. Power sector in India holds investment opportunities estimated upwards of INR 40 trillion over the next decade, brokerage Motilal Oswal asserted in a report. Of those estimated INR 40 trillion investment potential, INR 34 trillion is expected in… Continue reading India’s power sector has potential of INR 40 trillion investment over next decade: Motilal Oswal

JSW Group appoints Rajiv Mehta as Chief of mobility arm

Prior to joining JSW, Mehta worked as the Chief of Business Strategy, Transformation & Analytics for the automotive division at M&M. JSW Group on Tuesday said it has appointed Rajiv Mehta as Chief of Business of its mobility arm JSW Auto. Based out of the company’s headquarters in Mumbai, Mehta will report to Parth Jindal… Continue reading JSW Group appoints Rajiv Mehta as Chief of mobility arm

Continental India partners with Amrita University and MathWorks to launch AUTOSAR course for automotive industry

The course will offer hands-on experience in developing scalable, modular software architecture necessary for automotive embedded systems. Continental’s Technical Center India (TCI) has partnered with Amrita Vishwa Vidyapeetham, Coimbatore, and MathWorks India to launch a new course, “Automotive Systems and Layered Architecture.” This course aims to bridge the gap between industry and academia by equipping… Continue reading Continental India partners with Amrita University and MathWorks to launch AUTOSAR course for automotive industry

Some 40% of regions, cities and companies lack emissions-cut targets, says survey

Over 40% of major companies, cities, and regions have yet to set targets for reducing greenhouse gas emissions. More than 40% of major companies, cities and regions have still not set any targets to cut greenhouse gas emissions, according to an annual “stocktake” released on Monday to gauge global progress in the fight against catastrophic… Continue reading Some 40% of regions, cities and companies lack emissions-cut targets, says survey

Stellantis denies failing to honor commitments with UAW

Stellantis has denied accusations from the United Auto Workers of failing to honor commitments. Stellantis on Monday denied failing to honor its commitments with the United Auto Workers under an agreement reached in 2023, even as the union prepares for an unprecedented strike a year after a national walkout. UAW President Shawn Fain said last… Continue reading Stellantis denies failing to honor commitments with UAW

White House details plan to safeguard US auto sector, avoid second ‘China shock’

The Biden administration is taking steps to protect the U.S. auto sector from a surge in Chinese auto exports. Top White House economic adviser Lael Brainard laid out on Monday the Biden administration‘s broad approach to safeguarding the U.S. auto sector from what it considers China’s unfair trade actions. “China is flooding global markets with… Continue reading White House details plan to safeguard US auto sector, avoid second ‘China shock’

New US rule would require GM, Ford to halt imports of cars they build in China, says official

General Motors and Ford may need to halt importing vehicles from China. General Motors and Ford Motor would need to stop importing vehicles to the U.S. from China under a proposed rule cracking down on Chinese software and hardware, a U.S. Commerce Department official told Reuters Monday. The rule would also affect other automakers selling… Continue reading New US rule would require GM, Ford to halt imports of cars they build in China, says official

Biden proposes banning Chinese vehicles from US roads with software crackdown

The U.S. Commerce Department has proposed banning key Chinese software and hardware in connected vehicles. The U.S. Commerce Department on Monday proposed prohibiting key Chinese software and hardware in connected vehicles on American roads due to national security concerns – a move that would effectively bar nearly all Chinese cars from entering the U.S. market.… Continue reading Biden proposes banning Chinese vehicles from US roads with software crackdown

Siemens to carve out EV charging business

Siemens plans to carve out its electric vehicle charging business. Siemens plans to carve out its electric vehicle (EV) charging business, Siemens eMobility, to provide opportunities for growth in the rapidly-evolving industry, the German conglomerate said on Monday. The carve-out will combine Siemens eMobility with recently acquired DC fast-charging solutions specialist Heliox, said Siemens. Across… Continue reading Siemens to carve out EV charging business