Brussels rejected China proposal for 30,000 euro minimum sales price in EV dispute. Brussels rejected a proposal by the Chinese government for imported electric vehicles made in China to be sold at a minimum price of 30,000 euros ( USD 32,946), three sources said, a move Beijing hoped would avert EU tariffs being imposed next… Continue reading Brussels rejected China proposal for 30,000 euro minimum sales price in EV dispute
Author: Economic Times of India Online News
E-car sales fall for the 6th straight month in September, e-2Ws continue on growth path
In a sharp contrast—though on a low base, most of the other manufacturers saw an uptick in their volumes month-on-month as well year-on-year. Electric car sales in India fell for the sixth straight month in September by 7.76% dragged down by market leader, Tata Motors, even as e-two wheelers continued on the growth path advancing… Continue reading E-car sales fall for the 6th straight month in September, e-2Ws continue on growth path
Optimistic about Tata Motors, M&M, in no hurry to buy Ola Electric: Deven Choksey
Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd. Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says he remains reasonably optimistic about the possibilities for Tata Motors. M&M is a different story altogether. All the new vehicles which they are booking, are for about one-and-a-half to two years of delivery schedule and that is amazing. As for… Continue reading Optimistic about Tata Motors, M&M, in no hurry to buy Ola Electric: Deven Choksey
Increasing mining operations, launching new projects to make India self-reliant in coal sector
Union Minister and Coal and Mines, G Kishan Reddy. Coal minister G Kishan Reddy on Monday stressed on increasing existing mining operations and launching new projects to make the country self-reliant in the coal sector. Reddy said all the subsidiaries of state-owned Coal India Ltd (CIL) should achieve their annual targets in a bid to… Continue reading Increasing mining operations, launching new projects to make India self-reliant in coal sector
Car sales decline 29%, two-wheelers down 35.8%
Car sales decline 29%, two-wheelers down 35.8% Vehicle sales in the state remained muted in Sep owing to the inauspicious period and heavy rainfall. Pranav Shah, chairman of FADA – Gujarat, said, “The decline in sales took place due to several reasons. Heavy rainfall in the Saurashtra and South Gujarat regions of the state adversely… Continue reading Car sales decline 29%, two-wheelers down 35.8%
EU backing for China EV tariffs shows Berlin’s waning influence
EU backing for China EV tariffs shows Berlin’s waning influence. German Chancellor Olaf Scholz’s rejection of EU tariffs on Chinese electric vehicles failed to stop fellow European Union members voting in favour, exposing how a divided Berlin is struggling to drive EU policy. The contrast with a decade ago is stark. Then a burst of… Continue reading EU backing for China EV tariffs shows Berlin’s waning influence
Rupee to rely on central bank support amid higher US yields, outflows
The RBI’s support has meant that the rupee has not been impacted by the more than USD 5 billion of equity outflows in just five sessions this month. The Indian rupee is expected to hold near all-time lows on Tuesday amid the 10-year U.S. Treasury yields hitting the highest in two months and relentless equity… Continue reading Rupee to rely on central bank support amid higher US yields, outflows
Servotech Power Systems gets additional order to set up 9 EV charging stations in Maharashtra
“Previously, the company had received an order from NMC which involved supplying, commissioning, and constructing 20 EV charging stations throughout the corporation area,” it said. Servotech Power Systems on Monday said it has secured an additional order in Maharashtra to set up nine EV charging stations. With this, the total number of EV charging stations… Continue reading Servotech Power Systems gets additional order to set up 9 EV charging stations in Maharashtra
Audio Interview: US – China Trade War Update: Recommendations for the Automotive Industry
Ron Hesse speaks with Les Glick In the 16-minute Audio Interview, Mr. Glick discusses these questions: • I know you are an expert on China trade, what are the latest developments in trade with China? • What is the impact on the US automotive industry? • What were the reasons for these changes? • Have… Continue reading Audio Interview: US – China Trade War Update: Recommendations for the Automotive Industry
Automobile sales plummet 9.26% in September amid festive slump, Shraddh period and heavy rains
The three-wheeler and tractor segments showed marginal Y-o-Y growth of 0.66% and 14.69%, respectively. Automobile sales in India experienced a decline in September, with a reported overall drop of 9.26% year-on-year (Y-o-Y), according to data released by the Federation of Automobile Dealers Association (FADA) on October 7. Factors such as lackluster demand during Ganesh Chaturthi… Continue reading Automobile sales plummet 9.26% in September amid festive slump, Shraddh period and heavy rains