It added that the industry is set to become a USD 25 billion market by 2030, according to projections. India’s mining and construction equipment (MCE) industry is poised for significant growth, with localisation levels expected to increase to 70-80 % in the next 5-7 years, highlighted ICRA in a report. It also noted that this… Continue reading India’s mining and construction equipment industry to expand by 70-80 % in next 5 years: ICRA
Author: Economic Times of India Online News
How green is your car?
That India has a severe air pollution problem crying to be addressed with all hands on deck is indisputable. That India has a severe air pollution problem crying to be addressed with all hands on deck is indisputable. So is the fact that older vehicles have higher emissions while newer ones meet higher emission standards.… Continue reading How green is your car?
In France’s Cognac, Beijing and Brussels’ EV spat spells disaster
France was seen as the target of Beijing’s brandy probe due to its support of tariffs on Chinese-made EVs. In this grape-growing region of western France, where brandy producers are fretting over the fallout from a trade dispute between the European Union and China, Christophe Bouetard is more worried than most. Bouetard runs the MG… Continue reading In France’s Cognac, Beijing and Brussels’ EV spat spells disaster
JSW Steel partners with BHP, Carbon Clean to work on capture technology in steelmaking
On Monday, SAIL said it has signed an agreement with a global resources company to work on strategies for low-emission steel manufacturing technologies. JSW Steel on Thursday said it has signed a pact with BHP and Carbon Clean to accelerate the deployment of carbon capture technology in the steelmaking process. India’s steel sector accounts for… Continue reading JSW Steel partners with BHP, Carbon Clean to work on capture technology in steelmaking
Overage vehicles in NCR adding to pollution: Panel
Overage vehicles in NCR adding to pollution: Panel. As noxious air annually envelops Delhi and NCR after puja festivities, the Commission for Air Quality Management (CAQM) has informed the Supreme Court that though farm fires have reduced by 50% in the last three years, a large fleet of overaged vehicles in these states accentuate the… Continue reading Overage vehicles in NCR adding to pollution: Panel
Luxury goods unlikely to be next target of China’s EU trade retaliation, say analysts
Luxury goods unlikely to be next target of China’s EU trade retaliation, say analyst. European luxury shares have slid on investor concerns that Hermes handbags and Dior slingbacks may be Beijing’s next targets for retaliation, following the EU’s decision to slap tariffs on China EVs, but analysts say such a move is unlikely. So far,… Continue reading Luxury goods unlikely to be next target of China’s EU trade retaliation, say analysts
France plans to cut assistance for EV purchases by third, toughen penalties on some vehicles
France plans to cut assistance for EV purchases by third, toughen penalties on some vehicles. The French government will reduce its assistance for the purchase of electric vehicles by a third and will toughen penalties against high-CO2 emitting vehicles, according to its 2025 budget proposal presented on Thursday. “Thanks to the economy of scale and… Continue reading France plans to cut assistance for EV purchases by third, toughen penalties on some vehicles
UAW chief slams Trump over threat to repeal EV investments
UAW chief slams Trump over threat to repeal EV investments. United Auto Workers President Shawn Fain on Thursday said hundreds of thousands of U.S. jobs were at stake if Republican former President Donald Trump won the Nov. 5 election and made good on his threat to repeal investments in electric vehicles. Democrats have seized on… Continue reading UAW chief slams Trump over threat to repeal EV investments
Rupee impasse to persist; Fed outlook barely affected by US inflation data
Amid the Middle East conflict and China’s stimulus, foreign investors have taken out nearly USD 7 billion from Indian equities so far this month. The Indian rupee is likely to open nearly flat on Friday and hold a narrow range after U.S. inflation data did not have much of an impact on the Federal Reserve… Continue reading Rupee impasse to persist; Fed outlook barely affected by US inflation data
Indian automotive sector observes record 32 deals worth USD 1.9 bn in Q3 2024
Updated On Oct 11, 2024 at 08:35 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The PE and VC landscape grew significantly, with 22 deals worth USD 542 million, reflecting a 30% increase in value from the previous quarter. In the third quarter of 2024, the Indian automotive sector experienced significant… Continue reading Indian automotive sector observes record 32 deals worth USD 1.9 bn in Q3 2024