“Through sustained efforts, the share of renewable source of energy in total electricity consumption is expected to reach nearly 85% by FY2030-31,” he added. Maruti Suzuki India Limited (MSIL) has expanded its solar energy capacity by 30 megawatt-peak (MWp) with two new installations. A 20MWp solar project has been commissioned at its new manufacturing facility… Continue reading Maruti Suzuki adds 30MWp solar capacity at Kharkhoda and Manesar facilities
Author: Economic Times of India Online News
Industry body IESA pushes for green reuse of EV batteries
This will not only enhance grid stability but also propel us towards our ambitious renewable energy targets.” The Industry body, Energy Storage Association in India (IESA), has said the Centre should ensure collaboration among the Ministries of Environment, Power, and New and Renewable Energy to maximise the potential of used electric vehicle batteries in stationary… Continue reading Industry body IESA pushes for green reuse of EV batteries
Ola Electric shares in focus as Hyundai, Kia exit via ₹690 crore block deals
Citigroup Global Markets Mauritius Pvt Ltd purchased over 8.61 crore shares worth Rs 435 crore at Rs 50.55 per share, a 6% discount to Monday’s closing price of Rs 53.69. Shares of Ola Electric Mobility are set to be in focus on Wednesday after Hyundai Motor and Kia Corporation fully exited their stakes in the… Continue reading Ola Electric shares in focus as Hyundai, Kia exit via ₹690 crore block deals
Gujarat’s urban roads not designed for so many cars
Feeling exasperated due to heavy congestion during peak hours on city roads? It’s not without reason. In 2024, the city (Ahmedabad and Ahmedabad East RTOs) added 560 two-wheelers and 208 four-wheelers daily. This amounts to addition of approximately one new two-wheeler every three minutes and one four-wheeler every seven minutes. To put the figure in… Continue reading Gujarat’s urban roads not designed for so many cars
TVS Supply Chain Solutions North America earns John Deere’s highest supplier recognition for 2024
TVS SCS NA was chosen for the recognition based on its performance in areas such as quality, delivery, value creation, and relationship management. TVS Supply Chain Solutions North America (TVS SCS NA) has been awarded the “Partner-level status” in John Deere’s Achieving Excellence Programme for 2024. This marks the second consecutive year that TVS SCS… Continue reading TVS Supply Chain Solutions North America earns John Deere’s highest supplier recognition for 2024
FIEO worried over US tariff hikes on steel, aluminium
The Federation of Indian Export Organisations (FIEO) Saturday raised concerns about potential disruption to India’s steel and aluminium exports to the US after President Donald Trump’s announcement of a plan to double import tariffs on steel and aluminium to 50 per cent from 25 per cent. They particularly fear that the exports of value-added and… Continue reading FIEO worried over US tariff hikes on steel, aluminium
Kinetic Green appoints Jayapradeep Vasudevan as President of e2W biz
Motwani added that with Vasudevan at the helm of the two-wheeler business, the company is committed to expanding the heft and impact of its EV product portfolio. Electric vehicle manufacturer Kinetic Green Energy and Power Solutions has announced the appointment of Jayapradeep Vasudevan as the President of its electric two-wheeler business. The appointment comes at… Continue reading Kinetic Green appoints Jayapradeep Vasudevan as President of e2W biz
App-based cab drivers go on strike in city, leave hapless citizens in lurch
They also called for a city taxi policy to maintain a supply-demand equilibrium. While the services are expected to resume on Tuesday, the protests will continue. App-based cab services in Jaipur came to a standstill on Monday as owners’ and drivers’ associations started an indefinite strike. With over 23,000 app cabs keeping away from city… Continue reading App-based cab drivers go on strike in city, leave hapless citizens in lurch
China car dealers urge automakers to stop dumping inventory on them
Automakers should set reasonable annual production and sales targets and should not transfer inventory to dealers and force them to stockpile cars, the chamber proposed on Tuesday. Chinese auto dealers on Tuesday called on automakers to stop offloading too many cars on dealerships, as intense price wars are pressuring their cash flow, driving down their… Continue reading China car dealers urge automakers to stop dumping inventory on them
Pradeep Parameswaran elevated as Uber’s global mobility head in top-level rejig
He was earlier promoted to head of the Asia Pacific region in 2020 during the pandemic. Uber has promoted Pradeep Parameswaran, its former India and Asia Pacific head, as the global head of mobility, as part of a broader leadership shake-up at the San Francisco-based ride-hailing giant, ET has learnt. According to an internal mail… Continue reading Pradeep Parameswaran elevated as Uber’s global mobility head in top-level rejig