In October, GM announced a third-quarter loss of $1.6 billion stemming from its electric vehicle assets. General Motors on Thursday became the latest automaker to announce a big loss from its investments in electric vehicles, as it reckoned with a slump in sales of those cars after Congress and President Donald Trump overhauled federal policy… Continue reading GM books a $7.1 bn loss as it scales back EV ambitions
Author: Economic Times of India Online News
Rupee steady; bankers stay wary of central bank intervention
The dollar-rupee volatility skew reflects this, with the 1-month 25-delta risk reversal easing to -0.2, indicating that dollar-rupee puts are priced higher than calls. Put options pay off if the dollar-rupee pair falls. Elevated demand to buy dollars at the central bank’s daily reference rate is hurting the local unit, the second trader said. The… Continue reading Rupee steady; bankers stay wary of central bank intervention
No road tax on factory, mine machinery: Supreme Court
This decision overturns a 2011 Gujarat High Court judgment, clarifying that vehicles designed for closed premises are outside the Motor Vehicles Act’s purview. In a relief to companies operating heavy industrial and construction machinery, the Supreme Court Thursday held that vehicles like dumpers, excavators and surface miners used in factories, mines and other closed premises… Continue reading No road tax on factory, mine machinery: Supreme Court
Gadkari pushes closer Centre-state coordination to speed up transport reforms
The meeting focused on road safety, passenger convenience, ease of doing business and automobile regulations. Union Minister for Road Transport and Highways Nitin Gadkari on Thursday said regular consultations between the Centre and states were necessary to ensure policy alignment and coordinated implementation of transport reforms. Gadkari made the remarks while chairing the Annual Meeting… Continue reading Gadkari pushes closer Centre-state coordination to speed up transport reforms
Assocham seeks incentives for hydrogen-based steelmaking, green finance in FY27 Budget
The industry body also called for promoting scrap collection, waste-heat recovery, and renewable captive power plants to curb emissions and reduce import dependence. Ahead of the Budget, Industry body Assocham has urged the government to provide incentives for hydrogen-based direct reduced iron (DRI) and concessional green finance to help the steel sector transition to low-carbon… Continue reading Assocham seeks incentives for hydrogen-based steelmaking, green finance in FY27 Budget
China output cap, tight supply and energy transition may keep aluminium prices on upward trajectory this year: Analysts
Analysts agree that while volatility is inevitable, aluminiums structural fundamentals remain supportive, positioning the metal as a key beneficiary of the global push toward greener growth. Aluminium prices in domestic and global markets are expected to keep an upward trajectory this year as China’s output cap restricts supply while energy-transition demand from electric vehicles, renewables… Continue reading China output cap, tight supply and energy transition may keep aluminium prices on upward trajectory this year: Analysts
EV sales rebound in Germany as Chinese brands make inroads
Representative image Electric vehicle sales rebounded strongly in Germany in 2025, official data showed Tuesday, with Chinese manufacturers making inroads from a low base in the EU’s largest economy despite tariffs. EV sales rose 43.2 percent last year to 545,142 in total, the KBA federal transport authority said, representing 19.1 percent of all new cars… Continue reading EV sales rebound in Germany as Chinese brands make inroads
As EU FTA enters final stretch, Indian automakers worry about a China backdoor
Electric Vehicles (Image for representation) As India and the European Union move into what are seen as the final rounds of negotiations for a long-pending free trade agreement, a new concern has come sharply into focus. According to a ToI report, local automobile makers are urging caution, warning that the deal could open a route… Continue reading As EU FTA enters final stretch, Indian automakers worry about a China backdoor
Ather installs 5,000 LECCS fast chargers across India; expands to Nepal, Sri Lanka
Ather said it developed the LECCS connector specifically for electric two-wheelers and three-wheelers and opened its intellectual property in 2021 to encourage interoperability. Ather Energy on Thursday said that it has installed 5,000 public fast chargers equipped with the Light Electric Combined Charging System (LECCS) connector across India. The company has also expanded its LECCS-based… Continue reading Ather installs 5,000 LECCS fast chargers across India; expands to Nepal, Sri Lanka
Chandigarh’s EV policy fuels 16-fold rise in registrations, sharp cut in emissions
The report provides an elaborated assessment of carbon emission reductions achieved due to the increasing adoption of electric vehicles during the period 2021 to 2025. Chandigarh’s electric mobility drive is paying off. In just five years, the city recorded a 16-fold surge in electric vehicle (EV) registrations — from 1,089 in 2021 to 17,404 in… Continue reading Chandigarh’s EV policy fuels 16-fold rise in registrations, sharp cut in emissions