Yadav mentioned that though EVs are environment-friendly as they do not emit pollutants, it is important to note that their batteries are charged by electricity. Union Environment Minister Bhupender Yadav said on Monday that electric vehicles should make up 50 per cent of all vehicle sales by 2030 to ensure the automotive sector stays on… Continue reading EV sales must reach 50 pc by 2030 to achieve net zero goal: Bhupender Yadav
Author: Economic Times of India Online News
UK’s Pod Point Group warns of 2024 revenue miss on weak EV demand
“We made good progress on our costs but the weaker-than-expected private EV market has negatively impacted revenues,” CEO Melanie Lane said in a statement. Electric Vehicle charging point provider Pod Point Group warned of lower-than-expected results this year and cut its 2024 revenue forecast on Monday, due to weaker EV demand. Britain faces a dual… Continue reading UK’s Pod Point Group warns of 2024 revenue miss on weak EV demand
Rupee tracks Asian peers higher; volatility expectations at 17-month peak
“The RBI appears to now be allowing for more FX flexibility (especially to the upside) to slow the drain on its FX reserves,” Nomura said in a note. The Indian rupee was boosted by gains in most regional currencies on Monday, while expectations of near-term volatility climbed to a 17-month high ahead of Donald Trump’s… Continue reading Rupee tracks Asian peers higher; volatility expectations at 17-month peak
British startup gets USD 122 million funding for green charging stations
Aegis plans to build a total of up to 30 stations by 2030, it said. Britain’s Aegis Energy has secured a 100 million pound (USD 122 million) investment from private equity firm Quinbrook Infrastructure Partners to build five multi-energy filling stations for commercial vehicles, the startup said on Monday. Seeking to cut emissions, but also… Continue reading British startup gets USD 122 million funding for green charging stations
US agency sues two automakers, alleging discrimination and harassment
The GM and UAW lawsuit seeks to recoup benefits that workers ages 66 and older deserved but never received, while the FCA lawsuit seeks compensatory and punitive damages for female employees at the Detroit plant. The U.S. Equal Employment Opportunity Commission on Friday sued two large automakers, accusing General Motors and the United Auto Workers… Continue reading US agency sues two automakers, alleging discrimination and harassment
Shifting gears for cleaner mobility
As per the World Economic Forum, for the world to experience less than 1.5°C of global warming, the automotive industry needs to target around a 50% reduction in absolute carbon emissions by 2030. With the impact of climate change becoming more visible each year and global demand from environment action groups for industries to take… Continue reading Shifting gears for cleaner mobility
CASE India unveils 7 new products, including 2 all-new vibratory compactors at Bharat Construction Equipment Expo 2025
At the Bharat Construction Equipment Expo 2025, CASE India, a leading brand of CNH, emphasized its commitment to safety, sustainability, customer-centricity, and indigenization. The company unveiled seven new products, including two all-new vibratory compactors—the 952 NX and 450 NX—along with five additional models, all meeting Bharat Stage CEV V emission norms. This move strengthens CASE’s… Continue reading CASE India unveils 7 new products, including 2 all-new vibratory compactors at Bharat Construction Equipment Expo 2025
JCB India launches CEV Stage 5 ready machines at Bharat Construction Equipment Expo 2025
JCB India unveiled its new range of CEV Stage 5 ready machines at the Bharat Construction Equipment Expo 2025, showcasing its commitment to sustainability, lower operating costs, and enhanced safety features. The company’s latest machines, which include Backhoe Loaders, Telehandlers, Skid Steer Loaders, Compactors, and Wheeled Loaders, are designed to meet the Government’s new emissions… Continue reading JCB India launches CEV Stage 5 ready machines at Bharat Construction Equipment Expo 2025
ArcelorMittal Nippon Steel India to launch advanced automotive steel production lines at Hazira plant
ArcelorMittal Nippon Steel India (AM/NS India) is set to commission two cutting-edge production lines dedicated to manufacturing advanced automotive steel products at its Hazira plant in Gujarat. This move aims to replace imports of high-end steel required by the automotive sector and promote the government’s ‘Atmanirbhar Bharat’ initiative. The new lines are scheduled to be… Continue reading ArcelorMittal Nippon Steel India to launch advanced automotive steel production lines at Hazira plant
Bharat Mobility Global Expo 2025: Over 90 launches set the stage for innovation – All you need to know
The second day of the Bharat Mobility Global Expo 2025 at Bharat Mandapam, Pragati Maidan, New Delhi, and Yashobhoomi, Dwarka, was marked by the launch of 56 new products by 22 leading brands. These included advanced vehicles, innovative mobility solutions, and cutting-edge automotive components, showcasing the future of mobility across diverse categories, from super bikes… Continue reading Bharat Mobility Global Expo 2025: Over 90 launches set the stage for innovation – All you need to know