The new charging stations, managed by Delhi Transco Limited, took the total number of govt-operated charging points to 78, the statement said. Chief minister Atishi and senior Aam Aadmi Party functionary Manish Sisodia inaugurated 25 low-cost EV charging stations in Mayur Vihar Phase-1 on Wednesday. The move is part of Delhi govt’s broader strategy on… Continue reading Atishi inaugurates 25 EV charging stns
Author: Economic Times of India Online News
JBM, Keppel join hands to devise sustainable solutions for EV ecosystem, energy storage
JBM Group will leverage its expertise in EVs, EV aggregates and key auto systems to jointly develop projects with Keppel focused on electro-mobility, battery energy storage systems (BESS) and e-waste solutions, the company said. JBM Group on Tuesday said it has entered into a strategic partnership with Singapore-based Keppel Ltd to devise sustainable solutions in… Continue reading JBM, Keppel join hands to devise sustainable solutions for EV ecosystem, energy storage
Delhi leads India in EV adoption: FICCI-Yes Bank report
The report highlighted that Delhi has achieved an EV penetration rate of 11.5%, driven by its adoption across multiple segments. The adoption of electric vehicles (EVs) in India is surging, with Delhi emerging as the leader in EV penetration, according to a report by FICCI and Yes Bank. The report highlighted that Delhi has achieved… Continue reading Delhi leads India in EV adoption: FICCI-Yes Bank report
Rupee finds mild relief as yuan nudges higher, portfolio outflows ease
Foreign institutional investors turned net buyers of Indian equities on Tuesday, pouring in about USD 430 million after three sessions of selling. The Indian rupee was a tad stronger on Wednesday, supported by gains in the Chinese yuan and on dwindling pressure from foreign portfolio outflows, which have been a persistent pain point for the… Continue reading Rupee finds mild relief as yuan nudges higher, portfolio outflows ease
EV penetration slows, India faces challenge to hit 2030 target
Updated On Dec 4, 2024 at 08:48 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals India’s electric vehicle (EV) penetration has grown at an annual rate of approximately 200 basis points (bps) between FY21 and FY24 but needs to double to 380 bps per year to achieve the national target of… Continue reading EV penetration slows, India faces challenge to hit 2030 target
Europe’s embattled auto sector plans plant closures and layoffs
Automotive companies in Europe are closing plants and laying off thousands of workers A slew of automotive companies across Europe have announced plant closures and big layoffs recently as they struggle with weak demand, high costs, competition from China and a slower-than-expected transition to electric vehicles. Below are layoffs and site closures announced in recent… Continue reading Europe’s embattled auto sector plans plant closures and layoffs
EKA appoints Sohel Merchant as Chief Innovation Officer to drive electric mobility solutions
Updated On Dec 4, 2024 at 08:25 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Sohel Merchant, Chief Innovation Officer, EKA Mobility EKA Mobility, an electric vehicle and technology company, has appointed Sohel Merchant as its Chief Innovation Officer. Merchant brings over 20 years of automotive industry experience to EKA, having… Continue reading EKA appoints Sohel Merchant as Chief Innovation Officer to drive electric mobility solutions
IndiGo files trademark infringement suit against Mahindra Electric over ‘6E’ branding
IndiGo uses “6E” as its callsign and a key part of its brand, including services like 6E Prime and 6E Flex. The airline registered the trademark “6E Link” in 2015 for various uses, including advertising and airline services. IndiGo on Tuesday filed a lawsuit against Mahindra Electric Automobile Limited over the use of “6E” in… Continue reading IndiGo files trademark infringement suit against Mahindra Electric over ‘6E’ branding
Tata AutoComp Systems appoints Manoj Kolhatkar as MD & CEO
Updated On Dec 3, 2024 at 04:48 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Manoj Kolhatkar brings 22 years of experience within the Tata Group, including roles at Tata Motors and TACO. Tata AutoComp Systems Limited (TACO) has appointed Manoj Kolhatkar as its new Managing Director & CEO. Kolhatkar, a… Continue reading Tata AutoComp Systems appoints Manoj Kolhatkar as MD & CEO
End of an era as Carlos Tavares exits Stellantis
Carlos Tavares There was a point in time when Carlos Tavares could do no wrong. He was seen as the miracle turnaround man for Groupe PSA when it was literally down and out in the period of the global slowdown for 2009 to 2013. Not only did Tavares bring Peugeot back from the brink but… Continue reading End of an era as Carlos Tavares exits Stellantis