While a commercial four-wheeler driver paid INR 35,000 as fine, a two-wheeler rider had to shell out Rs 15,000 A citywide crackdown by the Regional Transport Office (RTO) has raked in nearly INR 1 crore in fines over the last two weeks, targeting 2,600 vehicle owners. The operations uncovered widespread violations, with many drivers facing… Continue reading RTO collects 1cr in penalties in 2 weeks
Author: Economic Times of India Online News
EVs, plug-in hybrids’ reliability concerns ease but still lag gas-powered peers, survey shows
On a brand reliability scale, which consider the weighted overall problem rate, Tesla came in at 17th place while Rivian ranked last at 22nd. Electric vehicles and plug-in hybrids are seeing concerns over their reliability easing but they still lag gas-powered vehicles, a survey by an influential U.S. non-profit organisation showed on Thursday. EVs now… Continue reading EVs, plug-in hybrids’ reliability concerns ease but still lag gas-powered peers, survey shows
Spectacular jump in electric vehicle sales under PM E-DRIVE scheme
Additionally, sales of electric three-wheelers, including e-rickshaws and e-carts, reached 1,164 units, while the L5 category of three-wheelers saw 71,501 units sold during the same period. The electric vehicle (EV) market in India has witnessed an unprecedented surge, thanks to the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme, which took effect… Continue reading Spectacular jump in electric vehicle sales under PM E-DRIVE scheme
CRR cut to support growth, repo rate decision on expected lines
The CRR reduction will likely benefit rate-sensitive sectors such as real estate, automobiles, and consumer durables by lowering borrowing costs and enhancing liquidity. New Delhi, The RBI‘s decision to cut the cash reserve ratio (CRR) by 50 bps would help support growth, after the revision in the GDP forecast for FY25, industry experts said on… Continue reading CRR cut to support growth, repo rate decision on expected lines
Awareness driving the electric vehicle revolution: A citizen-led movement
Research suggests that EVs offer a multifaceted solution to pressing challenges, from reducing air pollution and carbon emissions to decreasing reliance on fossil fuels and promoting sustainable energy practices. “Did you know, Amma, that EVs can accelerate faster than traditional cars and are cheaper to maintain?” “My 12-year-old daughter, an EV enthusiast, passionately advocates for… Continue reading Awareness driving the electric vehicle revolution: A citizen-led movement
Demand for affordable small vehicles in India will recover in 2025: Report
The global financial services firm said that the mix continues to improve as SUVs and premium models drive Average Selling Price (ASP) growth. The demand for the affordable small vehicles in India is expected to witness a recovery in 2025; however, the major markets such as the US and Japan are still struggling to meet… Continue reading Demand for affordable small vehicles in India will recover in 2025: Report
Mersen delays targets by two years on weak materials demand for EVs
“2025 will be a year of transition for Mersen due to a temporary slowdown in the electric vehicle and SiC semiconductor markets,” it said in the statement. Mersen pushed back its financial targets until 2029 on Thursday due to a temporary slowdown in the electric vehicle and silicon carbide semiconductor markets. Many chipmakers exposed to… Continue reading Mersen delays targets by two years on weak materials demand for EVs
Ex-Tata Motors, M&M exec Anurag Dubey to Head Sany India’s new EV biz
Updated On Dec 5, 2024 at 07:33 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Anurag Dubey to Head Sany India’s new EV biz The Indian subsidiary of Sany, one of the world’s largest heavy equipment manufacturers, is learnt to have drawn up a new strategy to tap the Indian heavy… Continue reading Ex-Tata Motors, M&M exec Anurag Dubey to Head Sany India’s new EV biz
Rupee caught between weak underlying tone, soft US data
Updated On Dec 5, 2024 at 02:21 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals “There would have been very few takers if you had said a few weeks back that 85 will be seen,” a currency trader at a bank said. The Indian rupee is likely to open little changed… Continue reading Rupee caught between weak underlying tone, soft US data
China automakers pivot to hybrids for Europe to counter EV tariffs
China, which overtook Japan as the world’s biggest auto exporter last year aided by its dominance in EVs, is stepping up its export drive to address overcapacity at home, analysts say. Automakers in China are ramping up exports of hybrid vehicles to Europe and planning more models for the key market, exposing the limits of… Continue reading China automakers pivot to hybrids for Europe to counter EV tariffs