Aditya Jairaj Ex- Stellantis member, Aditya Jairaj has joined Nissan Motor Corporation as Regional Vice President North East Region. Jairaj was earlier working in Stellantis as Managing Director & CEO for a year and half. He was the Country leader for Stellantis Operations in India, and was heading Jeep operations too, stated his professional networking… Continue reading Ex- Stellantis Aditya Jairaj joins Nissan as Regional VP North East region
Author: Economic Times of India Online News
Amazon deploys 10K EVs in India
The company is also facilitating accessible financing options for electric two-wheelers, three-wheelers, and trucks. Amazon India achieved its goal of deploying 10,000 electric vehicles (EVs) in its delivery fleet by October 2024, surpassing its target by over a year. The company aims to achieve net-zero carbon emissions by 2040, aligning with its Climate Pledge commitment… Continue reading Amazon deploys 10K EVs in India
India has an inherent expertise to increase population & automobile numbers: Nitin Gadkari
According to the Union minister, India has the second largest road network with 63 lakh kilometres of thoroughfares. India has an inherent expertise to increase population and automobile numbers, said Transport Minister Nitin Gadkari at Times Network India Conclave on Friday. While responding to a question about traffic issues in India, the minister stated that… Continue reading India has an inherent expertise to increase population & automobile numbers: Nitin Gadkari
63% Delhi-NCR drivers clueless about this crucial document, risk INR 10k fine: Report
Non-compliance can result in a hefty fine of INR 10,000, with challans processed directly through the courts. In the Delhi-NCR region, where air pollution continues to be a persistent and escalating crisis every year, a recent report by Park+ Research Labs has highlighted a concerning trend. The survey, which included responses from 5,200 car owners… Continue reading 63% Delhi-NCR drivers clueless about this crucial document, risk INR 10k fine: Report
Steel Ministry proposes 37% purchase preference to green steel in government tenders
Responding to queries from journalists on the imports of chinese steel, Kumaraswamy said his ministry has proposed a safeguard duty to protect the domestic industry. India’s steel ministry has proposed that over a third of the total government steel procurement will be of low carbon variant. This ‘Green steel‘ is defined as steel produced with… Continue reading Steel Ministry proposes 37% purchase preference to green steel in government tenders
Physical, power, economic, and social infrastructure, key drivers for accelerating EV adoption, says KPMG Report
The growth in EV sales represents a substantial step towards broader adoption of electric mobility in India. A new report from KPMG in India and CII highlights the accelerating growth of India’s electric vehicle (EV) market and outlines key strategies for continued expansion. The report, released Thursday, states that EV sales reached 1.2 million in… Continue reading Physical, power, economic, and social infrastructure, key drivers for accelerating EV adoption, says KPMG Report
Brazil auto production to grow 6.8% in 2025, Anfavea predicts
Imports in 2024 should total 463,000 vehicles compared to exports of 403,000 units. Brazil’s auto production is expected to rise 6.8% in 2025 from this year, totalling 2.75 million units, estimates released by automakers association Anfavea showed on Thursday. Auto sales in Latin America’s largest economy, the group added, are set to grow 5.6% next… Continue reading Brazil auto production to grow 6.8% in 2025, Anfavea predicts
Rupee weakness to persist on rally in dollar, US yields
The RBI’s action in the swap market has distorted the dollar/rupee forward premiums, with near maturities yielding more than far maturities. The Indian rupee will have to contend with the higher run in the U.S. dollar and yields at the open on Friday, which may push the local currency to a new all-time low. The… Continue reading Rupee weakness to persist on rally in dollar, US yields
Why standard motor insurance isn’t enough for EVs
As EV ownership grows increasingly widespread, comprehensive EV insurance has become vital. Electric vehicles (EVs) have grown from a niche market to a popular choice in India, thanks to environmental consciousness and the attractiveness of low-cost, sustainable transportation. EV registrations increased by 11% year-on-year between April-Nov 2024, while in the first half of 2024 it… Continue reading Why standard motor insurance isn’t enough for EVs
Nissan reshuffles management to fix its money-losing business
That was a reversal from the 190.7 billion yen profit recorded the same quarter a year ago. Sales for the quarter through September fell to 2.9 trillion yen (USD 19 billion) from 3.1 trillion yen. Embattled Japanese automaker Nissan has tapped Jeremie Papin, who was overseeing its U.S. operations, as its chief financial officer in… Continue reading Nissan reshuffles management to fix its money-losing business