The government has been made aware of the situation by industry and mitigating measures are being considered. Sectors with heavy reliance on China, like electronics, solar panels and electric vehicles (EVs), are facing severe challenges in getting capital equipment including hi-tech machinery, with India’s Far East neighbour almost halting supplies, say industry executives. Beijing’s move,… Continue reading Chinese cos face capital (equipment) punishment
Author: Economic Times of India Online News
From April, auto cos to recycle 8% of steel used 20 years ago
Officials said these provisions will help make vehicle scrapping at a formal setting known as Registered Vehicle Scrapping Facility (RVSF). From April, automobile manufacturers will have to mandatorily recycle at least 8% of the steel used in production of vehicles sold in 2005-06, as per the new Extended Producer Responsibility (EPR) norm notified by environment… Continue reading From April, auto cos to recycle 8% of steel used 20 years ago
‘If all vehicles go green, city’s per capita health cost to reduce by 16.7%’
The amount of toxicity in the air that Mumbaikars breathe has increased marginally due to a rise in PM2.5 concentration in the air, mainly contributed by the smoke that emanates from lakhs of vehicles daily. Mumbaikars’ per capita healthcare costs can decrease by 16.7% if all vehicles in the city are shifted to electric or… Continue reading ‘If all vehicles go green, city’s per capita health cost to reduce by 16.7%’
Rupee unlikely to find support in Asia FX’s slight recovery
The dollar’s direction over the next few weeks is likely to be dictated by the monthly U.S. inflation data due on Wednesday and what Trump does after he takes office on Jan. 20. The Indian rupee‘s spiral is likely to persist on Tuesday despite the mild recovery in its Asian peers and a pause in… Continue reading Rupee unlikely to find support in Asia FX’s slight recovery
What are the five axes of transportation evolution
The whole world is now like a web connected to one another, so is the auto industry (cars). 75% of new cars globally are connected to the internet, a trend that’s also growing in India, but still relatively slow. The mobility industry has been rapidly evolving so does the transportation sector. During the 9th edition… Continue reading What are the five axes of transportation evolution
Proxgy launches bands to convert any helmet into AC helmet & smart helmet
This allows for real-time communication and improved situational awareness. Proxgy, backed by investors including Ajinkya Rahane, Nikhil Kamath, and Suniel Shetty, has launched two new products, the Hat+ Band and ProHat Band. These devices transform standard industrial helmets into AC helmets and smart helmets, respectively. The aim is to improve safety, productivity, and comfort for… Continue reading Proxgy launches bands to convert any helmet into AC helmet & smart helmet
Mumbai may try car congestion pricing at key business hubs
To that, transport commissioner Vivek Bhimanwar said the city is progressing towards a robust public transport system, including new Metro lines this year and additional electric AC buses. The authorities have identified several areas in Mumbai where congestion taxes may be implemented this year, including BKC, Nariman Point, Worli, and Lower Parel. Once a regulatory… Continue reading Mumbai may try car congestion pricing at key business hubs
Greenland’s rich but largely untapped mineral resources
According to the Mineral Resources Authority, most copper deposits have seen only limited exploration campaigns. U.S. President-elect Donald Trump last week reiterated his interest in taking control of Greenland, a semi-autonomous territory of Denmark, which could be useful for the U.S. because of its strategic location and rich mineral resources. A 2023 survey showed that… Continue reading Greenland’s rich but largely untapped mineral resources
Lithium prices to stabilise in 2025 as mine closures, China EV sales ease glut, analysts say
China doubled EV subsidies in July and more than 5 million cars sold as of mid-December had benefited from the incentives. Lithium prices are expected to stabilise in 2025 after two years of steep declines as shuttered mines and robust electric vehicle sales in China soak up an oversupply, although the potential for mines to… Continue reading Lithium prices to stabilise in 2025 as mine closures, China EV sales ease glut, analysts say
Axalta unveils 2025 global automotive color of year
Benton further emphasised that Evergreen Sprint is designed to be eye-catching and to embody the spirit of competition and adventure. He believes the dynamic color will resonate with driving enthusiasts. Axalta Coating Systems has revealed its 2025 Global Automotive Color of the Year, Evergreen Sprint, a deep forest green inspired by British racing green. This… Continue reading Axalta unveils 2025 global automotive color of year