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
Author: Economic Times of India Online News
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
Auto OEMs anticipate steady growth amidst growth in 2W, PV and Tractors: Report
Auto OEMs anticipate steady growth amidst growth in 2W, PV and Tractors: Report Original Equipment Manufacturers (OEM) under coverage are projecting notable growth in key financial metrics for the upcoming fiscal quarter, according to Axis Securities report. This growth is anticipated to be driven by double-digit volume increases in two-wheelers (2Ws) and low to mid-single-digit… Continue reading Auto OEMs anticipate steady growth amidst growth in 2W, PV and Tractors: Report
India needs to impose tariffs on steel imports, says SAIL’s chairman
India needs to impose tariffs on steel imports, says SAIL’s chairman India needs to impose tariffs on steel imports for an even playing field for the domestic industry, Steel Authority of India‘s Chairman Amarendu Prakash told Reuters on the sidelines of the FT Live Energy Transition Summit India on Wednesday. India’s finished steel imports from… Continue reading India needs to impose tariffs on steel imports, says SAIL’s chairman
Driving EV: Smart for your wallet, Safe for your environment
EVs have firmly established themselves as the pivotal technology in the global shift towards sustainable mobility. Electric Vehicles (EVs) have firmly established themselves as the pivotal technology in the global shift towards sustainable mobility. As countries worldwide accelerate their transition to zero-emission mobility, EVs are gaining significant traction. Initially adopted by environmentally conscious consumers and… Continue reading Driving EV: Smart for your wallet, Safe for your environment
Ratan Tata could see ‘beyond what other people are used to looking at’
Ratan Tata From the Nano at one end, to Jaguar Land Rover on the other end of the passenger vehicle spectrum, and from the Tata Ace to the ‘World Truck’ Prima in commercial vehicles, Ratan Tata had some unusual, ambitious, and audacious goals for Tata Motors. “He could see beyond what other people are used… Continue reading Ratan Tata could see ‘beyond what other people are used to looking at’
Up close and personal with Ratan Tata
Ratan Tata New Delhi: It was sometime in early August 1998 when I first met Ratan Tata in Mumbai. He was with a host of other businessmen at an event and I went up to him and introduced myself. Tata smiled and shook hands but it was quite clear that he was not comfortable talking… Continue reading Up close and personal with Ratan Tata
Vajram Electric acquires 40% stake in Varcas Automobiles to boost EV market presence
Varcas Automobiles Pvt Ltd has a record of delivering over 25,000 electric two-wheelers to date and generating a revenue of INR 110 crore. eBikeGo‘s subsidiary, Vajram Electric Ltd, has acquired a 40% stake in Hyderabad-based electric vehicle manufacturer Varcas Automobiles Pvt Ltd. This strategic move aims to strengthen Vajram’s presence in the electric vehicle market… Continue reading Vajram Electric acquires 40% stake in Varcas Automobiles to boost EV market presence