The festive period, as defined by FADA, spanned from Navratri to 15 days after Dhanteras, accounting for the time lag in vehicle registration processes. This 42-day period serves as a crucial sales window for the Indian automobile industry. The Federation of Automobile Dealers Associations (FADA) reported a 12% year-on-year increase in automobile retail sales for… Continue reading India’s automobile retail sales surge 12% to 42.88 lakh units during festive period
Author: Economic Times of India Online News
India’s Eicher Motors jumps 8%; Royal Enfield rides past its ‘toughest phase’, say analysts
The company, which sells a major chunk of its motorcycles in rural India, is often viewed by investors as a gauge for rural sales. India’s Eicher Motors was on course for its best day since mid-2020, after the Royal Enfield motorcycle maker posted a quarterly profit beat, which analysts said indicated that the “toughest phase”… Continue reading India’s Eicher Motors jumps 8%; Royal Enfield rides past its ‘toughest phase’, say analysts
Australia eyes US climate policy shift for green energy boost
“The Inflation Reduction Act, for example, has seen considerable capital flow to the United States. If those incentives aren’t there, then that has implications for the nature of the global economy,” he said. Any move by the Trump administration to change U.S. climate policy could benefit Australia‘s ambitions to attract greater investment to its critical… Continue reading Australia eyes US climate policy shift for green energy boost
India’s energy shift: Renewables, EVs, and smart grids set to transform sector by 2025
As renewable energy generation increases, the report states that large-scale Battery Energy Storage Systems (BESS) will play a critical role in balancing supply and demand. India’s energy sector is projected to see robust growth in renewable energy, smart grids, and electric vehicles by 2025, as the country targets 500 GW of green energy capacity by… Continue reading India’s energy shift: Renewables, EVs, and smart grids set to transform sector by 2025
Venture debt funding propels Indian fintech, EV startups: Report
This preference shows a growing recognition of the strategic advantages venture debt provides, especially in capital-intensive and rapidly evolving industries. The venture debt market in India is steadily growing, mirroring the early days of venture capital, particularly in the emerging startup sectors such as fintech and electric vehicles (EVs), a report showed on Thursday. Indian… Continue reading Venture debt funding propels Indian fintech, EV startups: Report
Curbs under GRAP stage-3 to come into force in Delhi-NCR from today
Updated On Nov 15, 2024 at 08:41 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Under the third stage of the GRAP, there would be restrictions on the plying of BS-lll petrol and BS-IV diesel vehicles in Delhi and the districts of Gurugram, Faridabad, Ghaziabad and Gautam Budh Nagar. New Delhi:… Continue reading Curbs under GRAP stage-3 to come into force in Delhi-NCR from today
Auto cos bet on ‘premium’ showrooms
The premiumisation drive is being rolled out right from the mass players such as Maruti and Tata Motors, to mid-scale brands such as Hyundai and JSW MG Motor, and even luxury companies such as Mercedes-Benz that has created a separate, curated experience for its AMG line of super cars. To tap into the growing love… Continue reading Auto cos bet on ‘premium’ showrooms
Tata clarifies on creating holding company to park Tata Motors’ demerged businesses
The auto major said, the demerger is being done through a composite scheme of arrangements to be approved by NCLT, the process for which is already underway. Tata Motors on Thursday issued a clarification on an ET report that said Tata Sons is understood to be creating a holding company for Tata Motors to house… Continue reading Tata clarifies on creating holding company to park Tata Motors’ demerged businesses
India set to become ‘major producer’ of electric vehicles like China: Mark Mobius
Mobius told IANS that India is going to become a major producer of EVs sooner than expected. New Delhi, which began its electric vehicle (EV) journey with two-wheelers, is set to become a “major producer” of electric vehicles like China in years to come, ace global investor Mark Mobius has said. The EV sales have… Continue reading India set to become ‘major producer’ of electric vehicles like China: Mark Mobius
Global carbon emissions inch upwards in 2024 despite progress on EVs, renewables and deforestation
Our latest carbon budget shows global fossil fuel emissions continue to increase, further delaying the peak in emissions. Oslo and Pierre Friedlingstein, University of Exeter Oslo, Nov 13 (The Conversation) Carbon dioxide (CO₂) emissions from fossil fuels continue to increase, year on year. This sobering reality will be presented to world leaders today at the… Continue reading Global carbon emissions inch upwards in 2024 despite progress on EVs, renewables and deforestation