These are in addition to the current Electric Rickshaws, E-loaders and other L3 EV Loan products that are already available. New Delhi: PHF Leasing Limited, the Metropolitan Stock Exchange- listed, deposit accepting NBFC, headquartered in Jalandhar, Punjab, has widened its electric vehicle loan portfolio by including loan products for purchase of electric cargo vehicles in… Continue reading PHF Leasing widens EV loan portfolio
Author: Economic Times of India Online News
Audio Interview: The Fast Growing India Auto Market: The Transition from ICE to Smart Mobility
In this GlobalAutoIndustry.com Audio Interview “The Fast Growing India Auto Market: The Transition from ICE to Smart Mobility” Ron Hesse speaks with Ravi Bhatia. Ravi is the President and Board member of JATO Dynamics India. He is a senior Industry leader with more than 20 years experience in the automotive industry and has worked with… Continue reading Audio Interview: The Fast Growing India Auto Market: The Transition from ICE to Smart Mobility
Musk says Tesla charger network will grow, days after layoffs
The fear of insufficient charging infrastructure is one of the reasons why sales of electric vehicles are progressing less rapidly than expected in the US and Tesla’s well-developed network was seen as key to reassuring customers. Tesla boss Elon Musk said Friday the electric vehicle manufacturer would invest over USD 500 million this year to… Continue reading Musk says Tesla charger network will grow, days after layoffs
SKF India Q4 FY24 PBT up at INR 229.2 cr
The Profit Before Tax (PBT) for the quarter was INR 229.2 crore compared to INR 169.6 crore during the previous year, the release added. New Delhi: The Board of Directors of SKF India Limited, a leading technology and solutions provider of bearings and units, condition monitoring and services, Monday revealed its financial results for the… Continue reading SKF India Q4 FY24 PBT up at INR 229.2 cr
Rupee dips on weak Asia, more equity losses
The rupee’s volatility remained low despite the foreign outflows, possibly due to intervention by the Reserve Bank of India (RBI). The Indian rupee was marginally weaker on Monday, dragged by the decline in Asian peers and a further drop in domestic equity indexes on worries over the outcome of the general election. The rupee was… Continue reading Rupee dips on weak Asia, more equity losses
Adani Enterprises to invest INR 80k cr in current fiscal
“For FY26, the other capex would be for the initial requirements that we have to meet for our green hydrogen business, which will be as a kickstart for our green hydrogen as well as downstream products,” he said. New Delhi: Adani Enterprises, billionaire Gautam Adani-led group’s flagship firm that has interests spanning from new energy… Continue reading Adani Enterprises to invest INR 80k cr in current fiscal
New Biden tariffs on China’s EVs, solar, medical supplies due Tuesday – sources
Both 2024 candidates have sharply departed from the free-trade consensus that once reigned in Washington, a period capped by China’s joining the World Trade Organization in 2001. U.S. President Joe Biden is set to announce new China tariffs as soon as next week targeting strategic sectors, including a major hike in levies on electric vehicles… Continue reading New Biden tariffs on China’s EVs, solar, medical supplies due Tuesday – sources
India’s coal import rises 8% to 268 MT in FY24
The all-India production of coal during 2023-24 was at 997.25 MT, registering a growth of 11.65% over FY23. India’s coal import rose by 7.7% to 268.24 million tonne (MT) in FY24 driven by softness in seaborne prices and likelihood of increase in power demand during summer. The country’s coal import was 249.06 MT in FY23,… Continue reading India’s coal import rises 8% to 268 MT in FY24
EVs, green hydrogen to propel India’s journey towards net-zero target by 2070: Experts
“Substantial investments in green hydrogen production are a key component of the National Hydrogen Mission in India’s journey towards a net-zero target by 2070,” said Professor Ajay Kumar Sood, Principal Scientific Advisor to the government. New Delhi: The faster adoption of electric vehicles (EVs), the National Hydrogen Mission and other such initiatives will propel India’s… Continue reading EVs, green hydrogen to propel India’s journey towards net-zero target by 2070: Experts
How Tata Motors is planning to up its EV game
Tata Motors plans to introduce new electric vehicle models, such as the Curvv EV, to expand its electric vehicle portfolio. Tata Motors on Friday announced its Q4 results. The leading electric vehicle maker has sold 73,800 EVs during the year, marking a 48% increase as compared to FY23. It has also crossed a milestone of… Continue reading How Tata Motors is planning to up its EV game