The politicisation of green initiatives adds to the challenge. When electric vehicles become associated with a specific political ideology, it can alienate large parts of the population. Battery electric vehicle sales in Australia have flattened in recent months. The latest data reveal a sharp 27.2% year-on-year decline (overall new vehicle sales were down 9.7%) in… Continue reading Electric car sales have slumped, misinformation is one of the reasons
Author: Economic Times of India Online News
Rio Tinto Q3 iron ore shipments rise, Simandou on track for 2025
Rio said iron ore production from its Iron Ore Company of Canada (IOC) operations fell 11% following site-wide shutdown due to forest fires in mid-July. Rio Tinto eked out higher iron ore shipments in the third quarter, largely in line with expectations, and said it remained on track for first production from its Simandou high-grade… Continue reading Rio Tinto Q3 iron ore shipments rise, Simandou on track for 2025
Maharashtra announces complete toll waiver for motorists on Mumbai entry points ahead of elections
The toll exemption will cover the Dahisar, Anand Nagar, Vashi, Airoli, and Mulund booths. Ahead of the upcoming assembly elections, Maharashtra Chief Minister Eknath Shinde announced on Monday that light motor vehicles will be exempt from paying tolls at five key toll booths entering Mumbai. The decision, which is expected to be implemented from 12:00… Continue reading Maharashtra announces complete toll waiver for motorists on Mumbai entry points ahead of elections
Dollar pullback to help Indian rupee, weak risk appetite to weigh
Investors are now nearly certain that the U.S. Federal Reserve will deliver a 25-basis-point rate cut at its next meeting, a step down from the 50 bp in September. The Indian rupee is expected to open largely unchanged on Wednesday, holding below the 84 handle amid risk-off sentiment and a slight pullback in the U.S.… Continue reading Dollar pullback to help Indian rupee, weak risk appetite to weigh
Tata Group to create 5 lakh manufacturing jobs in 5 years
N Chandrasekaran New Delhi: Tata Group aims to create 5 lakh manufacturing jobs in 5 years across various sectors, said Tata Sons Chairman N Chandrasekaran on Tuesday. Speaking at the 2-day Indian Foundation of Quality Management (IFQM) Symposium, Chandrasekaran said he has “done the basic maths” and between the Tata Group investments “in semiconductors, precision… Continue reading Tata Group to create 5 lakh manufacturing jobs in 5 years
BMW CEO: Europe must cancel petrol engine ban to reduce reliance on China
Carmakers including BMW, VW and Renault, as well as the Italian government, have called for the CO2 targets to be loosened or delayed, fearing the impact of heavy fines because of lower-than-expected EV sales. Europe must cancel its plan to ban new fossil fuel-emitting cars from 2035 to reduce reliance on China’s battery supply chain… Continue reading BMW CEO: Europe must cancel petrol engine ban to reduce reliance on China
Indian conglomerates poised for $800 bn investment push: S&P Global Ratings
Around 40 % of this planned spending will be directed toward new and emerging sector. Indian conglomerates are gearing up for a massive investment wave, with capital commitments projected to reach approximately USD 800 billion over the next decade, according to a S&P Global Ratings report. This investment plan is nearly three times the amount… Continue reading Indian conglomerates poised for $800 bn investment push: S&P Global Ratings
Capgemini report highlights disconnect between automotive industry and consumers on customer experience
Ease of use and accessibility are top priorities for consumers, influencing 76% of their decisions to opt for or stay with a vehicle brand or mobility service. The Capgemini Research Institute has published a new report titled “Joining the Race: Automotive’s Drive to Catch Up with Customer Experience,” revealing a significant gap in the perception… Continue reading Capgemini report highlights disconnect between automotive industry and consumers on customer experience
Paris Motor Show opens during a brewing EV trade war between the EU and China
The biennial show has long been a major industry showcase, tracing its history to 1898. Auto manufacturers competing to persuade drivers to go electric are rolling out cheaper, more tech-rich models at the Paris Motor Show, targeting everyone from luxury clients to students yet to receive their driving licenses. The biennial show has long been… Continue reading Paris Motor Show opens during a brewing EV trade war between the EU and China
No win in winter: In pollution’s GRAP already
CAQM has asked people across NCR to follow steps mentioned in the ‘citizen charter’ of Stage-I of Grap to help in reducing pollution. The 27 measures announced under Grap Stage I to combat the deteriorating air quality in Delhi-NCR are preventive actions, directing govt agencies to intensify measures to control air pollution. This includes stopping… Continue reading No win in winter: In pollution’s GRAP already