BMW imports Chinese-made Mini EVs and the iX3 into Europe. Top executives at BMW and Volkswagen on Wednesday warned against imposing EU import duties on electric vehicles from Chinese automakers, saying it could upend the bloc’s Green Deal plan and harm automakers that import cars made in China. The European Commission, which oversees trade policy… Continue reading EU tariffs on Chinese EVs could backfire, German car bosses warn
Author: Economic Times of India Online News
Anil Agarwal likens critical minerals to gold, says India should ensure self-sufficiency
Anil Agarwal Anil Agarwal has likened critical minerals such as copper, zinc, aluminium and silver to gold, stating that they “are almost like gold” when it comes to their functional value. The chairman of the natural resources conglomerate Vedanta said that not only are these minerals fundamental for new age technologies, they are also green… Continue reading Anil Agarwal likens critical minerals to gold, says India should ensure self-sufficiency
Reliance acquires step-down subsidiary for INR 314 cr
RCML was incorporated in India on November 2, 2022, to undertake the business of manufacturing petrochemicals, vinyls, hydrogen & its derivatives, rare and industrial gases, bio-energy products and carbon fibre. New Delhi: Reliance Industries Ltd on Wednesday said it has acquired a step-down subsidiary engaged in the manufacture of petrochemicals and hydrogen, for INR 314.48… Continue reading Reliance acquires step-down subsidiary for INR 314 cr
Greaves Cotton FY24 EBITDA up 53% Y-o-Y to INR 232 cr
On a full-year basis, standalone revenues stood at INR 1,779 crore, a growth of 15%Y-o-Y. On a consolidated basis, the company reported revenues of INR 2,633 crore. New Delhi: Greaves Cotton Limited, a leading diversified engineering company, has reported standalone revenues of INR 481 crore for the fourth quarter of fiscal year 2024, an increase… Continue reading Greaves Cotton FY24 EBITDA up 53% Y-o-Y to INR 232 cr
Nagesh Basavanhalli to step down as vice-chairman, Greaves Cotton
Updated On May 8, 2024 at 11:09 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Prior to joining Greaves Cotton, Basavanhalli had stints at Daimler Chrysler (which later turned Chrysler, and FCA), Defiance Tech (now Hinduja Tech), and ATG (Alliance Tire Group). Nagesh Basavanhalli, vice-chairman at Greaves Cotton, is learnt to… Continue reading Nagesh Basavanhalli to step down as vice-chairman, Greaves Cotton
Election uncertainty could hurt Indian auto sales in May, dealers’ body says
Auto sales are keenly watched as a key indicator of private consumption in India. The auto sector contributes around 7% to India’s economy. Uncertainty around the ongoing elections in India could hurt automakers’ sales in May despite rising consumer interest for new model launches, a dealers’ body said on Wednesday. The world’s most populous nation… Continue reading Election uncertainty could hurt Indian auto sales in May, dealers’ body says
To achieve net zero, ICCT bets on EVs, finds CNG worse than diesel
PVs have been the slow movers demonstrating the lowest EV penetration across all categories. New Delhi: With a collective aim of going emission free, the passenger vehicle (PV) industry in India is considering multiple fuel technologies including electric vehicles (EVs), hybrids, compressed natural gas (CNG), flex-fuels, amongst others. However, while these may be moving in… Continue reading To achieve net zero, ICCT bets on EVs, finds CNG worse than diesel
APAC auto safety systems market to expand at 2.6% CAGR over 2023-28: GlobalData
Another major driving force behind the safety systems market’s growth is technological advancements. New Delhi: The increased prevalence of automotive active and passive safety systems can be attributed to an array of factors, including a heightened awareness of safety concerns among consumers and government regulations aimed at improving safety standards. Against this backdrop, the active… Continue reading APAC auto safety systems market to expand at 2.6% CAGR over 2023-28: GlobalData
Auto retail sector grows 27% YoY in April 2024: FADA
Positive momentum was found in bulk and corporate deals and school bus demand, though elections dampened sentiment, with customers delaying expansion plans. New Delhi: The Federation of Automobile Dealers Associations (FADA) in its Vehicle Retail Data for April 2024, said the Indian Auto Retail sector achieved a robust 27% YoY growth. The two-wheeler (2W), three-wheeler… Continue reading Auto retail sector grows 27% YoY in April 2024: FADA
Clean and clear: All RRTS stns to have EV charging
After Sahibabad, EV charging facilities will be extended to other operational RRTS stations, including Ghaziabad, Guldhar, Duhai, Murad Nagar, Modi Nagar South and North. All 25 stations of the Delhi-Ghaziabad-Meerut Regional Rapid Transport System (RRTS) corridor will have electric vehicle (EV) charging stations in their parking areas to boost convenience, clean energy adoption and last-mile… Continue reading Clean and clear: All RRTS stns to have EV charging