“You cannot be shoving EVs down our throat,” said Joe Dempsey of Oregon, Ohio, who drives a Toyota gas-electric hybrid that does not require charging. Donald Trump says the Biden administration’s policy to promote electric vehicles is a “radical plan” that would kill the economy in automaking states. Republican allies in the petroleum industry have… Continue reading Republicans make Biden’s EV push an election-year issue as Democrats take a more nuanced approach
Author: Economic Times of India Online News
Highway builders want infra loans provision pared to 2%
“The phasing may not help the infrastructure industry as the lenders may factor in the highest provisioning rate in calculation of lending rates,” it said. Highway construction contractors have suggested that the provision that lenders must make against financing their projects be fixed at 2% instead of the Reserve Bank of India‘s proposal of 5%,… Continue reading Highway builders want infra loans provision pared to 2%
NHAI implements 5% toll fee hike across country
Updated On Jun 3, 2024 at 07:56 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The revision of toll fees is a yearly exercise tied to changes in the wholesale price index (CPI)-based inflation. Starting Monday, motorists traveling on expressways will face higher toll charges. The National Highways Authority of India… Continue reading NHAI implements 5% toll fee hike across country
NMDC reports 37% drop in iron ore production in May 2024
Under the Ministry of Steel, Hyderabad-based NMDC caters to India’s around 20% demand for the key steel-making raw material. Country’s largest iron ore miner NMDC has reported a 37% fall in its production at 2.34 million tonnes (MnT) in May 2024. It had produced 3.71 MnT of iron ore in the same month last year,… Continue reading NMDC reports 37% drop in iron ore production in May 2024
BMRCL introduces advertisements on metros to boost income
At present, the metro network stretches 73 km, with plans to expand it to 175 km by 2025–26 and 317 km by 2031. The Bangalore Metro Rail Corporation Limited (BMRCL) has made a decision to wrap its trains with advertisements in order to generate non-fare revenue. At present, only one train from the fleet has… Continue reading BMRCL introduces advertisements on metros to boost income
Tata Motors’ strategic move: Separating commercial and passenger vehicle segments
Updated On Jun 2, 2024 at 11:34 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Tata Motors’ commercial vehicle division has been consistently delivering strong operational and financial results. The planned division of Tata Motors‘ automotive business into two separate listed entities aims to make the commercial vehicle sector more responsive… Continue reading Tata Motors’ strategic move: Separating commercial and passenger vehicle segments
TVS Motor domestic 2W sales up 7% to 271,140 units in May 2024
Updated On Jun 1, 2024 at 02:14 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Motorcycle registered sales growth of 7% with sales increasing from 162,248 units in May 2023 to 173,627 units in May 2024. New Delhi: TVS Motor Company registered a sales growth of 12% increasing from 330,609 units… Continue reading TVS Motor domestic 2W sales up 7% to 271,140 units in May 2024
SBI changes gears, links car dealer commissions to their performance
The move is aimed at reducing costs and improving profitability of the product, said people privy to the development. The revised payout structure will be applicable for all sourcing with effect from June 1. In a first for the bank, State Bank of India, the country’s largest lender, is set to link the commission it… Continue reading SBI changes gears, links car dealer commissions to their performance
Tata Motors to invest in products, platforms, and vehicle software to be competitive: Chairman
Updated On May 31, 2024 at 08:09 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Tata Group chairman N Chandrasekaran New Delhi: Amidst the growth trend of India’s passenger vehicle (PV) industry, Tata Motors sees the business to invest in products, platforms, electrical and electronic architectures, and vehicle software to remain… Continue reading Tata Motors to invest in products, platforms, and vehicle software to be competitive: Chairman
JSW Steel eyes 50% market share in coated steel segment
JSW Steel targets a 50% market share in this coated segment within one year of Magsure’s launch in India, the spokesperson said. New Delhi: JSW Steel on Thursday announced the rollout of zinc-magnesium-aluminium alloy coated steel and aims to capture 50% market share in the segment within one year’s time. JSW Steel has invested around… Continue reading JSW Steel eyes 50% market share in coated steel segment