Updated On Sep 14, 2024 at 08:05 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The installation of OBUs will be checked at the time of registration, re-registration and fitness test. The govt this week set the ball rolling for toll collection based on Global Navigation Satellite System (GNSS) coupled with… Continue reading Satellite-based toll system to have factory-fitted unit, phased launch
Author: Economic Times of India Online News
Tata Motors to open 10 vehicle scrapping centers within a year
The vehicle scrappage initiative also fits the organisation’s larger goal of circularity, which is part of the Tata Group’s sustainability project. New Delhi: Commercial vehicle (CV) major Tata Motors, which operates five vehicle scrapping centers under its Re.Wi.Re brand, has a target to open 10 more within a year. The already operating centers work on… Continue reading Tata Motors to open 10 vehicle scrapping centers within a year
Steel Min draws up INR 23.52 lakh cr Steel decarbonisation plan
The existing steel plants in India alone are estimated to need USD 283 billion investment to become green. India will need to invest USD 283 billion (approximately INR 23.52 lakh crore) for decarbonising existing local steel production. This along with tapping Energy Efficiency Revolving Funds (EERF) and defining what should be ‘green steel’ are parts… Continue reading Steel Min draws up INR 23.52 lakh cr Steel decarbonisation plan
Ford Pro CEO, who made commercial vehicles more profitable, to retire
Ford Motor’s head of its commercial vehicle business, Ted Cannis, will retire at the end of the month. Ford Motor said on Thursday head of its highly profitable commercial vehicle business unit, Ted Cannis, would retire at the end of the month after more than 35 years with the Detroit automaker. He led Ford Pro… Continue reading Ford Pro CEO, who made commercial vehicles more profitable, to retire
German carmakers most exposed to Chinese counter-tariffs
China’s retaliatory tariffs on European electric vehicles could harm European carmakers, especially German brands. Retaliatory tariffs by China to the European Commission’s proposed additional duties of up to 38.1% on Chinese-made electric vehicles could spell trouble for European carmakers. Industry executives have warned against the tariffs, fearful of counter-tariffs or other measures which could affect… Continue reading German carmakers most exposed to Chinese counter-tariffs
Rajasthan CM holds talks with Japan ministers, seeks investment in various sectors
Rajasthan Chief Minister Bhajan Lal Sharma held talks with Ministers of the Japanese government Rajasthan Chief Minister Bhajan Lal Sharma on Thursday held talks with Ministers of the Japanese government and sought countries continued support in facilitating investments in Rajasthan. This includes holding meetings with Ishii Taku, Parliamentary Vice-Minister of Economy, Trade and Industry (METI)… Continue reading Rajasthan CM holds talks with Japan ministers, seeks investment in various sectors
US House passes bill targeting China that would limit EV tax credits
U.S. House of Representatives has narrowly approved a bill to tighten rules on Chinese content in vehicles. The U.S. House of Representatives narrowly voted on Thursday to approve legislation to tighten rules limiting Chinese content in vehicles qualifying for U.S. electric vehicle tax credits. The House voted 217 to 192 to approve the bill, which… Continue reading US House passes bill targeting China that would limit EV tax credits
Volkswagen, IG Metall union to start talks about new labour deal a month early
Volkswagen and union IG Metall to start talks at the end of September over a new labour agreement for six of its German plants. Volkswagen and union IG Metall will start talks at the end of September over a new labour agreement for six of its German plants after a job security scheme was cancelled… Continue reading Volkswagen, IG Metall union to start talks about new labour deal a month early
Officials say regular checks will ensure better compliance in PM E-DRIVE
Centre will conduct bi-annual inspections to ensure companies getting subsidies under PM E-DRIVE scheme. The centre will conduct bi-annual inspections to ensure companies getting subsidies under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme are complying with localisation norms. This Rs 10,900 crore flagship scheme for promoting clean mobility under the… Continue reading Officials say regular checks will ensure better compliance in PM E-DRIVE
Domestic steel consumption to see 9-10 % growth in FY25: ICRA
The steel sector is going through the fastest period of growth witnessed since the global financial crisis. Domestic steel consumption is likely to witness 9-10% growth this financial year, rating agency ICRA said on Thursday. The demand for steel was robust in the first quarter of the ongoing financial year with consumption growing at a… Continue reading Domestic steel consumption to see 9-10 % growth in FY25: ICRA