Two-wheeler industry to grow by 8 pc, tractors by 4pc annually: Nuvama The two-wheeler (2W) industry is anticipated to grow in high single digits, with an estimated 8 % year-on-year (YoY) increase whereas the tractor industry is anticipated to see marginal growth of approximately 4 % YoY in the domestic market, according to a report… Continue reading Two-wheeler industry to grow by 8 %, tractors by 4 % annually: Report
Author: Economic Times of India Online News
China Evergrande’s EV arm warns of bigger first-half loss on impairment provisions
EV unit of China Evergrande s expected to report a loss for the first half of 2024. The electric vehicle unit of embattled real estate developer China Evergrande said on Tuesday it expected to report a bigger loss for the first half of 2024, reflecting an increase in provision for impairments. China Evergrande New Energy… Continue reading China Evergrande’s EV arm warns of bigger first-half loss on impairment provisions
China accuses Canada of protectionism over 100% tariffs on electric vehicles
“China’s burgeoning EV industry is the result of continuous technological innovation, a well-established industrial and supply chain and full market competition,” Lin Jian said. China on Tuesday accused Canada of protectionism after Prime Minister Justin Trudeau’s government imposed a 100% tariff on imports of Chinese-made electric vehicles, matching U.S. duties on Chinese-made EVs. The Chinese… Continue reading China accuses Canada of protectionism over 100% tariffs on electric vehicles
Over 200 global players to take part in Bharat Battery Show 2025
Global players to showcase cutting-edge battery and charging infra technologies at the Bharat Battery Show. Over 200 global players are likely to showcase cutting-edge battery and charging infra technologies at the Bharat Battery Show in January 2025. Industry body India Energy Storage Alliance (IESA), in a statement, said it is organising the Bharat Battery Show… Continue reading Over 200 global players to take part in Bharat Battery Show 2025
EKA Mobility enters into strategic pact with IKEA for supply of EV vans in India
EKA Mobility formed a strategic partnership with IKEA for supply of electric delivery vans. Commercial electric vehicle maker EKA Mobility on Tuesday said it has formed a strategic partnership with Swedish furniture retailer IKEA for supply of electric delivery vans in India. Under the partnership, Eka has already delivered 10 such vehicles to IKEA, with… Continue reading EKA Mobility enters into strategic pact with IKEA for supply of EV vans in India
The crucial role of capacity management in speeding up auto NPD projects
The right Work In Progress (WIP) level is not a single optimal point—it is as many projects as the expert resources, who are few in most systems, can handle. What are the biggest challenges auto companies in India must overcome to stay competitive? The auto sector in India is one of the most hotly contested… Continue reading The crucial role of capacity management in speeding up auto NPD projects
Vedanta readies INR 30,000-cr war chest to pursue further deleveraging, growth
Vedanta Ltd has prepared a war chest of Rs 30,000 crore to pursue further deleveraging and growth. Anil Agarwal-led Vedanta Ltd has prepared a war chest of INR 30,000 crore with recent funds raised through a qualified institutional placement (QIP), offer for sale (OFS) and dividend to pursue further deleveraging and growth, sources said. Proceeds… Continue reading Vedanta readies INR 30,000-cr war chest to pursue further deleveraging, growth
Audio Interview: Training and Certification of North American EV Supply Equipment and Renewable Infrastructure Talent
Ron Hesse speaks with Elaina Farnsworth In the 15-minute Audio Interview, Ms. Farnsworth discusses these questions: Can you tell us a little bit about the landscape in the global market with electric vehicle supply equipment, Infrastructure. Can you speak to the importance of integrating, trained, and certified workers on multiple renewable energy sources? Can you… Continue reading Audio Interview: Training and Certification of North American EV Supply Equipment and Renewable Infrastructure Talent
Enforcement of new mining cess may increase cost pressure for steel makers: Icra
According to Icra, the recent Supreme Court ruling has brought renewed focus. The enforcement of the new mining cess by some states following the Supreme Court ruling may bring challenges for the domestic steel industry by adding to the cost pressures, according to rating agency Icra. On August 14, the Supreme Court upheld the power… Continue reading Enforcement of new mining cess may increase cost pressure for steel makers: Icra
Hero Motors in talks with German company for transmission systems JV
Hero’s pursuit of more international alliances – it already has some others for tech transfer and market access in other product categories – underlines the emerging importance of India as a global parts’ supplier. Hero Motors, which has filed a draft prospectus with markets regulator SEBI for an initial public offer, has been in talks… Continue reading Hero Motors in talks with German company for transmission systems JV