Dubbed an “e-building”, the rectangular, 25-metre-high factory will be powered in part by more than 3,000 solar panels installed on the roof, producing 1.3 megawatts at their peak. Milan, Jun 21, 2024 -Italian luxury carmaker Ferrari on Friday inaugurated a new solar-powered factory at the group’s historic Maranello site, where its much anticipated wholly electric… Continue reading Ferrari eyes electric future with solar-powered factory
Author: Economic Times of India Online News
Bajaj Auto gears up for robust growth in domestic market
Commenting on the last fiscal year, Bajaj noted that a strong domestic performance compensated for muted exports, which continued to be impacted by challenging conditions in key overseas markets. Bajaj Auto is poised to maintain its momentum in the domestic market and expand production capacity for its new ventures in the current fiscal year, driven… Continue reading Bajaj Auto gears up for robust growth in domestic market
Honda accused by US agency of illegal union-busting at Indiana plant
The case is Honda Development and Manufacturing of America, National Labor Relations Board, No. 25-CA-331556. Honda has been accused by the National Labor Relations Board of violating the rights of workers at a Greensburg, Indiana, factory by illegally cracking down on union organizing, an agency spokeswoman said on Thursday. The board’s general counsel issued a… Continue reading Honda accused by US agency of illegal union-busting at Indiana plant
Global EV adoption accelerates with India leading the charge: Forecasts predict 5.9 million sales by 2040
In the base case ETS, e-car sales continue to rise globally, even though growth has slowed in the US and Europe as a result of regulatory and political changes, and some automakers pushing back their EV targets. New Delhi: The demand for EVs is rising despite receiving a mixed response globally. Increase of demand in… Continue reading Global EV adoption accelerates with India leading the charge: Forecasts predict 5.9 million sales by 2040
Rupee ticks up after weaker yuan triggers fall to record low
“We expect the pair to slip back into the 83.0-83.50 range over the coming month.” The Indian rupee inched higher on Friday recovering from a decline to its lifetime low in the previous session that was spurred by weakness in the Chinese yuan and likely dollar outflows. The rupee was at 83.61 against the U.S.… Continue reading Rupee ticks up after weaker yuan triggers fall to record low
Mitsui boosts investment in EKA Mobility to drive EV innovation and expansion
This strategic infusion of capital will be directed towards capital expenditures (Capex) and working capital, supporting EKA Mobility’s continued expansion and innovation in the EV sector. New Delhi: EKA (Pinnacle Mobility Solutions) announces Mitsui & Co., Ltd. (“Mitsui”), a global trading and investment company with a rich history of contributing to industrial innovation, has executed… Continue reading Mitsui boosts investment in EKA Mobility to drive EV innovation and expansion
Domestic demand for steel soars in India, country turns net importer in FY24: CRISIL Report
Concurrently, finished steel production in India increased by 12.7% year-on-year, reaching 139 MT. In a shift from its status as a net exporter of steel since fiscal 2017, India has become a net importer in fiscal 2024, recording an overall steel trade deficit of 1.1 million tonnes (MT), according to a CRISIL report. The development… Continue reading Domestic demand for steel soars in India, country turns net importer in FY24: CRISIL Report
Vietnam wants Russian oil firm Zarubezhneft to invest in green energy
In a separate statement sent to Vietnamese media on Wednesday, Russian ambassador Gennady Bezdetko said Russia was willing to supply “clean energy technologies” to Vietnam, including nuclear energy. Vietnam wants Russian state oil firm Zarubezhneft to invest in green energy in the country, the government said on Wednesday. “Vietnam and Russia have a lot more… Continue reading Vietnam wants Russian oil firm Zarubezhneft to invest in green energy
Rupee squeezed by weak Asia, to be likely boosted by positional flows
Asian currencies were down on the day and the dollar inched higher against a basket of its major peers. U.S. markets were closed on Wednesday. The Indian rupee is likely to open largely unchanged on Thursday amid a decline in Asian peers and a widely held expectation that the currency will not drop below a… Continue reading Rupee squeezed by weak Asia, to be likely boosted by positional flows
Probe into imported Toyota, Yamaha models over fraudulent Japanese testing
It, however, discovered that some models of Toyota’s Lexus RX line and Yamaha’s Tmax and YZF-R3 motorcycle models sold in the country were equipped with the same engines and horns as ones in problematic models. The South Korean government said on Thursday it has carried out a probe into some imported vehicles made by Japanese… Continue reading Probe into imported Toyota, Yamaha models over fraudulent Japanese testing