The company has always believed that to promote EV adoption, it needs to create a holistic ecosystem that simplifies customers’ battery electric vehicle ownership journey, he added. New Delhi: Maruti Suzuki India on Friday said it will introduce a comprehensive EV ecosystem, including charging stations and home charging solutions, alongside its first offering in the… Continue reading Maruti Suzuki to introduce comprehensive charging infra along with eVitara
Author: Economic Times of India Online News
US new vehicle sales set to rise 7.3% in December, says report
The seasonally adjusted annualised rate (SAAR) for total new-vehicle sales is expected to be 17.2 million units, up 1.1 million units. U.S. new vehicle sales are expected to rise 7.3% in December, aided by deeper discounts from automakers and dealers, industry consultants J.D. Power and GlobalData said in a joint report on Thursday. The rise… Continue reading US new vehicle sales set to rise 7.3% in December, says report
Tata Steel UK partners with JCB for green steel production
In October 2024, Tata Steel contracted with Tenova for the electric arc furnace and additional steelmaking equipment for the Port Talbot site. The transformation project is slated to begin in summer 2025. Tata Steel UK and JCB have partnered to supply low-CO2(‘green’) steel, marking a significant step in both companies’ decarbonisation efforts. This agreement ensures… Continue reading Tata Steel UK partners with JCB for green steel production
NGT notice to Delhi over use of banned petrol, diesel vehicles
The green body was hearing a BJP MLA’s plea, which claimed non-compliance with the norms by his “old official vehicle”. The National Green Tribunal (NGT) has sought a response from the Delhi government and others in a matter regarding banned petrol and diesel vehicles being used by the government authorities. According to the rules, diesel… Continue reading NGT notice to Delhi over use of banned petrol, diesel vehicles
States, environmental groups drop lawsuit over US Postal Service EV purchase plans
The Postal Service declined to comment on the dismissal but reiterated it believes it was fully compliant with environmental rules in acquiring its vehicles. A group of 16 states led by California and environmental groups dropped a lawsuit filed in 2022 that sought to block the U.S. Postal Service’s plan to buy mostly gas-powered, next-generation… Continue reading States, environmental groups drop lawsuit over US Postal Service EV purchase plans
UAEV announces adoption of recently introduced EV tariffs effective January 2025
Complementing the app, UAEV is launching a dedicated 24/7 call centre to provide instant support and assistance, ensuring seamless user experiences at all times. UAEV, the UAE’s first government-owned electric vehicle (EV) charging network, announced the adoption of the recently introduced EV tariffs by the Ministry of Energy and Infrastructure, effective January 2025. While these… Continue reading UAEV announces adoption of recently introduced EV tariffs effective January 2025
No relief for rupee as robust US data supports Fed’s hawkish stance
Investors dumped EM currencies on Thursday on worries that U.S. rates are likely to remain higher for longer, prompting their central banks to take steps to defend their currency. The Indian rupee is likely to hold near its all-time low at the open on Friday after robust U.S. data reinforced the view that the Federal… Continue reading No relief for rupee as robust US data supports Fed’s hawkish stance
Auto PLI achieves INR 20,715 crore investment, INR 10,472 crore incremental sales: Centre
The FAME-II Scheme, launched in 2019 with an outlay of INR 11,500 crore, aims to promote electric mobility in India through demand incentives for e-2Ws, e-3Ws, e-4Ws, e-buses, and EV public charging stations. New Delhi: The production-linked incentive (PLI) scheme for automobile and auto components industry has achieved INR 20,715 crore investment and INR 10,472… Continue reading Auto PLI achieves INR 20,715 crore investment, INR 10,472 crore incremental sales: Centre
Servotech Power Systems rebrands to Servotech Renewable Power System
Servotech intends to capitalise on opportunities in the evolving energy landscape and become a dominant player. Servotech Power Systems Ltd., a manufacturer of solar products and EV chargers, announced its rebranding to Servotech Renewable Power System Limited on December 19. This change emphasises the company’s commitment to renewable energy solutions and aligns with its “Produce… Continue reading Servotech Power Systems rebrands to Servotech Renewable Power System
India registers 36.39 lakh EVs, captures 3.38% market share in 5 years
Updated On Dec 19, 2024 at 03:14 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Out of 10,75,31,040 vehicles registered in the last five years (from 01/04/2019 to 31/03/2024), 36,39,617 vehicle registrations were EVs. New Delhi: Driving towards India’s sustainability goal, the Indian automobile market is transitioning from ICE (Internal Combustion… Continue reading India registers 36.39 lakh EVs, captures 3.38% market share in 5 years