Analysts project mid-single digit growth rates for passenger vehicles and high single digit for two wheelers while tractors are expected to grow after a year of lull. New Delhi: By all accounts, India’s automobile industry is expected to take a breather this fiscal as sales across vehicle segments are likely to slow down after a… Continue reading Auto OEMs look to skies for rains as FY25 gets to a slow start
Author: Economic Times of India Online News
EV marketplace-financing startup Turno raises USD 6 mn from BII, others
The funding will help the company expand its offerings to more cities and also enter a newer and larger form factor category, Aluru, who is also the firm’s CEO. Turno, an electric vehicle distribution and financing startup, has raised USD 6 million from impact investor British International Investment (BII) and venture capital firms Quona Capital,… Continue reading EV marketplace-financing startup Turno raises USD 6 mn from BII, others
Tata Steel to invest USD 2 bn to fund rejig of UK operations
Tata Steel is investing £1.25 billion (USD 1.6 billion) to build a new electric arc furnace (EAF) at its Port Talbot plant in UK, while deciding to shut down two blast furnaces at facility by Sept. Tata Steel will infuse USD 2.1 billion (INR 17,408 crore) in its Singapore arm, to repay debt of its… Continue reading Tata Steel to invest USD 2 bn to fund rejig of UK operations
Mahindra University students bag top honours in Global Innovation Challenge
Highly rated and well-known for its academic programme in entrepreneurship, Massachusetts-based Babson College hosts this annual competition. New Delhi/ Hyderabad: Students of Mahindra University secured second and third places in a highly competitive US University challenge. Two teams from the University reached the final round, both emerging victorious at The Babson Collaborative Global Student Challenge… Continue reading Mahindra University students bag top honours in Global Innovation Challenge
Varanasi, Detroit, and Venice chosen to host Toyota Mobility Foundation’s USD 9 mn Sustainable Cities Challenge
The City Challenges will be launched for innovator entry over the next two months, inviting global innovators to access a share of USD 3 mn in funding per city to demonstrate their solutions. New Delhi: Varanasi, Detroit, and Venice have been selected to host innovation challenges as part of the Toyota Mobility Foundation’s Sustainable Cities… Continue reading Varanasi, Detroit, and Venice chosen to host Toyota Mobility Foundation’s USD 9 mn Sustainable Cities Challenge
TotalEnergies, Verbund sign preliminary deal on Tunisian hydrogen supply to Europe
EU aims to produce 10 million tons and import 10 million tons of renewable hydrogen by 2030 in a bid to replace hydrocarbons, which emit planet-warming gases when burned. Austrian electricity provider Verbund and French energy major TotalEnergies‘ joint venture with Eren Groupe TE H2 have signed a preliminary deal with the Republic of Tunisia… Continue reading TotalEnergies, Verbund sign preliminary deal on Tunisian hydrogen supply to Europe
MG Motor India collaborates with HPCL to expand charging network for Electric Vehicles
“Through this partnership with MG Motor India, HPCL shall leverage the vehicle base of MG to increase the utilisation of its chargers installed across India,” Ghosh said. MG Motor India announced a partnership with Hindustan Petroleum Corporation Ltd (HPCL) to enhance the EV charging infrastructure throughout the nation. As part of this collaboration, the two… Continue reading MG Motor India collaborates with HPCL to expand charging network for Electric Vehicles
‘Auto sector to remain an outperformer for next 2 years’
Harsha Upadhyaya, CIO-Equity, Kotak AMC “Although same cannot be said about Indian domestic investors or the institutional category, but the retail and HNI category seem to be quite light at this point of time,” says Harsha Upadhyaya, CIO-Equity, Kotak AMC. 15-20 days ago, there was nervousness in the market ahead of elections. FIIs were selling.… Continue reading ‘Auto sector to remain an outperformer for next 2 years’
India’s metals demand set to surge, bolstered by infrastructure and clean energy plans
In its pursuit of reducing emissions from the steel sector, India is also focusing on adopting low-carbon technologies such as electric arc furnaces, which utilize scrap as a raw material. New Delhi: India’s robust infrastructure, manufacturing, and construction sectors are poised to drive a significant increase in demand for steel, iron ore, coking coal, and… Continue reading India’s metals demand set to surge, bolstered by infrastructure and clean energy plans
EU approves USD 1.5 bn state funded joint hydrogen scheme
This is the fourth such joint hydrogen scheme cleared by the Commission which also acts as the EU competition enforcer. European Union competition regulators approved on Tuesday a 1.4-billion-euro (USD 1.52 billion) hydrogen schemed to be funded by seven EU countries which they expect to unlock an additional 3.3 billion euros in private investments. The… Continue reading EU approves USD 1.5 bn state funded joint hydrogen scheme