Truck rentals saw significant increases, especially in the India-Bangladesh border region, where fleet utilisation improved from 40% to 60%. Truck rentals in India continued to rise for the second consecutive month in August 2024, driven by the upcoming festive season and increased post-election activities. Fleet utilisation surged in the India-Bangladesh border region due to resumed… Continue reading Truck rentals in India surge amid festive season demand; used commercial vehicle market grows
Author: Economic Times of India Online News
India’s energy independence roadmap: 87% emission cut in road transport by 2047
Amitabh Kant highlighted India’s strategic direction towards energy independence. New Delhi: India can achieve energy independence in the mobility sector by 2047, according to a new report by global non-profit RMI. Released on September 3, 2024, the report titled “India at 2047: A Vision for Energy Independence in the Mobility Sector” emphasises achieving 100% clean… Continue reading India’s energy independence roadmap: 87% emission cut in road transport by 2047
Automobile sales decline 7% M-o-M to 18.91 lakh units in August: FADA
Vehicle registrations in August increased by 3% year-on-year to 18,91,499 units, as against 18,38,501 units in August last year. Passenger vehicle retail sales in India declined by 5% in August compared to the same month last year, due to delayed customer purchases, poor consumer sentiment, and persistent heavy rains, according to the Federation of Automobile… Continue reading Automobile sales decline 7% M-o-M to 18.91 lakh units in August: FADA
OEMs worried over delay in disbursal under auto PLI scheme, not a single rupee given so far
Updated On Sep 5, 2024 at 12:03 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Only a handful of large OEMs (out of 20 successful applicants initially) have had their products certified to be eligible for incentives. The automobile industry is anxiously waiting for disbursements to begin under the Production Linked… Continue reading OEMs worried over delay in disbursal under auto PLI scheme, not a single rupee given so far
Delhi EV sales plummet after road tax waiver withdrawal, prices jump 10%
Published On Sep 5, 2024 at 08:08 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Removal of the incentive has sparked a sharp rise in EV purchase prices, impacting sales drastically. Electric vehicle sales have come to a near standstill in the national capital with the state government withdrawing a waiver… Continue reading Delhi EV sales plummet after road tax waiver withdrawal, prices jump 10%
BYD’s global expansion push runs into stiff Japan test
BYD is rolling out electric-vehicle charging stations in Japan. BYD is rolling out electric-vehicle charging stations and ramping up marketing and customer incentives in Japan, aiming to boost sales in a market that has become a stumbling block in the Chinese automaker’s global expansion. Warren Buffett-backed BYD has become China’s largest EV maker after years… Continue reading BYD’s global expansion push runs into stiff Japan test
XLRI Delhi-NCR partners with ATS India for Indian School for Design of Automobiles
XLRI Delhi-NCR established strategic partnership with ATS India to create the Indian School for Design of Automobiles (INDEA). XLRI Delhi-NCR has established a strategic partnership with ATS India to create the Indian School for Design of Automobiles (INDEA), the nation’s first dedicated school for automobile design and management. Under this Memorandum of Understanding (MoU), ATS… Continue reading XLRI Delhi-NCR partners with ATS India for Indian School for Design of Automobiles
Need to bring startups to boost green hydrogen: Pralhad Joshi
The event is being organised by the Ministry of New & Renewable Energy in association with Office of the Principal Scientists, Government of India. New and Renewable Energy Minister Pralhad Joshi on Wednesday stressed on the need to bring startups into the green hydrogen sector to bring new ideas and involve youth. Addressing a curtain… Continue reading Need to bring startups to boost green hydrogen: Pralhad Joshi
Steel ministry backs industry’s demand to raise tariffs
“Our steel industry is facing a lot of problems. They are suffering,” Kumaraswamy told reporters. India’s steel minister will try to convince the finance ministry to raise tariffs on steel imports, he said on Wednesday, to protect domestic mills from a rise in cheaper imports from countries such as China. India, the world’s second biggest… Continue reading Steel ministry backs industry’s demand to raise tariffs
Souring mood in German auto sector sets gloomy tone for VW labour talks
The expectations indicator dropped from -29.5 points in July to -40.5 in August, according to Ifo’s monthly survey. Business sentiment in the German automotive industry slid deeper into negative territory in August, according to a survey, providing a gloomy backdrop to labour talks due to start on Wednesday at Volkswagen over its ambitious cost-cutting drive.… Continue reading Souring mood in German auto sector sets gloomy tone for VW labour talks