This growth is anchored in both passenger and commercial vehicles, including two-wheelers and four-wheelers. India’s electric mobility sector is set to transform into a USD 250 billion market by 2030, driven by substantial investments in sustainable transportation. The ELECTRIFY30 report by Praxis Global Alliance forecasts a significant rise in electric vehicle (EV) adoption across various… Continue reading EVs gain momentum in India, market to reach USD 250 bn by 2030
Author: Economic Times of India Online News
As India celebrates 77 years of freedom, her automakers have cause for cheer too
However, what is really gratifying that it is an Indian company — Tata Motors — which is truly leading the way in electrification of cars. New Delhi: Way back in 1947, a battered and bruised India was still recovering from the traumatic aftermath of Partition. Today, two-thirds of her population is under the age of… Continue reading As India celebrates 77 years of freedom, her automakers have cause for cheer too
Metalman Auto DRHP filing with SEBI: All you need to know
The equity shares offered through the Red Herring Prospectus are proposed to be listed on both BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). New Delhi: Metalman Auto Limited has officially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company aims to… Continue reading Metalman Auto DRHP filing with SEBI: All you need to know
Texas sues GM for allegedly violating drivers’ privacy
The technology was allegedly installed on most GM vehicles starting with the 2015 model year. General Motors has been sued by the state of Texas, which accused the automaker of installing technology on more than 14 million vehicles to collect data about drivers, which it then sold to insurers and other companies without drivers’ consent.… Continue reading Texas sues GM for allegedly violating drivers’ privacy
Domestic PV sales dip 2.5% to 3.41 lakh units in July, says SIAM
Three-wheeler wholesales also showed an upward trend, rising by 5.1% to 59,073 units Y-o-Y, up from 56,204 units in July last year. Passenger vehicle wholesales in India saw a 2.5% decline year-on-year to 3,41,510 units in July, according to the Society of Indian Automobile Manufacturers (SIAM). The overall passenger vehicle dispatches from companies to dealers… Continue reading Domestic PV sales dip 2.5% to 3.41 lakh units in July, says SIAM
Six Sense Mobility raises seed round from Piper Serica VC
Six Sense Mobility is positioned to contribute significantly to India’s evolving mobility and transportation sector, aligning with the government’s implementation of new technologies. Smart mobility company Six Sense Mobility has successfully raised INR 6 crore in a seed round from Piper Serica VC, an angel investment firm in Mumbai. Previously, the company had received funding… Continue reading Six Sense Mobility raises seed round from Piper Serica VC
Leasing model behind Europe’s EV drive at risk of breakdown
Like Ayvens, EVs only make up about 10% of Arval’s fleet of 1.7 million vehicles. Low resale values for electric cars have pushed the leasing firms that drive Europe’s auto market to double prices over the last three years and some are threatening to quit the business altogether if regulators force them to go electric… Continue reading Leasing model behind Europe’s EV drive at risk of breakdown
CNG will help in cutting carbon footprints: Himanta
In Barak valley, the work for three CNG stations has been completed and two more are in different stages of completion, he said. Assam Chief Minister Himanta Biswa Sarma on Tuesday said Compressed Natural Gas (CNG) will help in cutting carbon footprints. Inaugurating five CNG stations in Guwahati, he said they will herald large-scale use… Continue reading CNG will help in cutting carbon footprints: Himanta
Big EV push: NMC to double charging points across city
Nagpur’s EV ecosystem has seen significant growth, with EVs accounting for 22% of new vehicle registrations in 2024, up from 1% in 2020. With a projected increase in electric vehicle penetration from 30% to 50% in two-wheelers and from 5% to 20% in four-wheelers by 2040, the Nagpur Municipal Corporation (NMC) has set goals to… Continue reading Big EV push: NMC to double charging points across city
Vedanta Aluminium appoints Luca Zipponi as CEO, Rolled Products
Luca Zipponi Vedanta Aluminium, India’s largest aluminium producer, has appointed Luca Zipponi as CEO of Rolled Products, aiming to drive growth and innovation in various sectors by leveraging his extensive experience. Zipponi, with over 30 years of expertise in leadership roles across Europe and Asia, will be responsible for overseeing operations and enhancing market leadership.… Continue reading Vedanta Aluminium appoints Luca Zipponi as CEO, Rolled Products