“This launch is a significant step in our journey to diversify and deepen our presence across the auto component value chain,” said Harish Sheth, Chairman and Managing Director of Setco Automotive. Setco Automotive Limited, an Indian manufacturer of medium and heavy commercial vehicle (MHCV) clutches, has announced the launch of its first automotive water pump,… Continue reading Setco Automotive enters engine cooling segment with water pump launch
Author: Economic Times of India Online News
TVS Motor appoints Sudarshan Venu as new Chairman and MD
Sudarshan Venu TVS Motor Company has announced that Sudarshan Venu will become the Chairman and Managing Director, effective August 25, 2025. He will succeed Ralf Speth, who will step down on August 22, 2025, after the Annual General Meeting (AGM) and transition to the role of Chief Mentor for three years. The decision acknowledges Venu’s… Continue reading TVS Motor appoints Sudarshan Venu as new Chairman and MD
Projects worth ₹35,000 crore underway under NHAI: Delhi CM
PWD will also look into it. Additionally, Rs 150 crore has been approved for Road Over Bridges (ROBs) and Road Under Bridges (RUBs),” Gupta said. Delhi Chief Minister Rekha Gupta on Wednesday said that major projects worth Rs 35,000 crore under NHAI are currently being built in the national capital, while earlier projects worth Rs… Continue reading Projects worth ₹35,000 crore underway under NHAI: Delhi CM
Uttarakhand cabinet clears 4 Badrinath projects; tax rebate for CNG, EV vehicles
In line with central govt directives, the cabinet approved a proposal to make employees covered under the National Pension Scheme (NPS) eligible for gratuity within the state. The Uttarakhand cabinet on Wednesday approved 12 proposals, including four related to development projects in Badrinath and a tax exemption for CNG and electric vehicles. Secretary Shailesh Bagauli… Continue reading Uttarakhand cabinet clears 4 Badrinath projects; tax rebate for CNG, EV vehicles
EVs boost German auto sales, Tesla falls again
The German auto market has performed weakly in recent years, and is still about 28 percent below pre-pandemic levels, according to EY. A jump in electric car sales helped give a slight boost to Germany’s troubled auto market last month, official data showed Wednesday, although Elon Musk’s Tesla fared poorly again. A total of 239,297… Continue reading EVs boost German auto sales, Tesla falls again
Statiq ties up with HPCL to add 5,100 EV chargers
EVLinq supports multiple Charge Point Operators (CPOs) and eMobility Service Providers (eMSPs). It is becoming the digital backbone of India’s EV charging ecosystem. Statiq and Hindustan Petroleum Corporation Limited (HPCL) have announced a partnership to integrate HPCL’s EV charging network onto Statiq’s EVLinq platform, adding over 5,100 chargers, including 2,900 DC fast chargers. The integration… Continue reading Statiq ties up with HPCL to add 5,100 EV chargers
Toyota Industries sinks after parent’s takeover bid misses expectations
Toyota Motor did not immediately respond to an email request for comment outside of normal business hours. Investors gave a thumbs-down to Toyota Motor‘s $33 billion take-private offer for Toyota Industries on Wednesday, highlighting concerns minority shareholders would be short-changed in a landmark restructuring for Japan Inc. Shares of Toyota Industries, a key Toyota Group… Continue reading Toyota Industries sinks after parent’s takeover bid misses expectations
Energy storage system based on EV batteries launched at Rome’s airport
As Italy rolls out an increasing number of renewable energy projects, it needs storage systems to make energy available when the sun or wind are not powering its green energy plants. Italy’s largest energy storage system based on used batteries for electric vehicles was inaugurated on Tuesday at Rome’s Fiumicino airport to help it reduce… Continue reading Energy storage system based on EV batteries launched at Rome’s airport
Former JLR India Head Rohit Suri joins ReadyAssist as Senior Advisor
Rohit Suri Rohit Suri, former President and Managing Director of Jaguar Land Rover (JLR) India, has joined mobility-tech startup ReadyAssist as a Senior Advisor. Suri, who played a pivotal role in building JLR’s luxury brand presence in India over his 14-year tenure, brings with him decades of automotive leadership experience. He is widely credited with… Continue reading Former JLR India Head Rohit Suri joins ReadyAssist as Senior Advisor
Global alarms rise as China’s critical mineral export ban takes hold
Frank Fannon, a minerals industry consultant and former U.S. assistant secretary of state for energy resources during Trump’s first term, said the global disruptions are not shocking to those paying attention. Alarm over China’s stranglehold on critical minerals grew on Tuesday as global automakers joined their U.S. counterparts to complain that restrictions by China on… Continue reading Global alarms rise as China’s critical mineral export ban takes hold