Registrations of passenger vehicles, tractors and commercial vehicles fell by 6.8% (to 281,566 units), 28.4% (71,029 units) and 4.7% (72,747 units), respectively, dragging down industry volumes. Vehicle registrations – a proxy for retail sales – were largely flat last month as heatwave conditions in several parts of the country forced potential buyers to defer their… Continue reading Footfalls at auto dealers fall in June, so do RTO registrations
Author: Economic Times of India Online News
Rental vehicles, cabs, feeder buses to be available at all Delhi-Meerut RRTS stations
These efforts of NCRTC will create a better and friendly transport system, which will not only reduce pollution but will also reduce road accidents, it added. In a bid to improve last mile connectivity, the NCRTC on Thursday said that it will make rental two-wheelers, cab services, autorickshaws and feeder bus services available at all… Continue reading Rental vehicles, cabs, feeder buses to be available at all Delhi-Meerut RRTS stations
Norms issued for funding of testing facilities, infra for National Green Hydrogen Mission
Green hydrogen India The ministry of new and renewable energy has issued guidelines for funding of testing facilities, infrastructure, and institutional support for development of standards and regulatory framework under the National Green Hydrogen Mission. The norms will support identification of the gaps in the existing testing facilities for components, technologies, and processes in the… Continue reading Norms issued for funding of testing facilities, infra for National Green Hydrogen Mission
India auto retail sales increase by 0.73% in June says FADA
June traditionally serves as a slower month for auto retail in India. India saw a modest rise of 0.73% in auto retail sales in June, driven by delayed monsoons affecting certain regions, according to the Federation of Automobile Dealers Associations (FADA). The two-wheeler and three-wheeler segments recorded year-on-year growth of 4.66% and 5.1% respectively, while… Continue reading India auto retail sales increase by 0.73% in June says FADA
Rupee inches higher tracking gains in most Asian peers
Mostly weak economic data this week has weighed on the dollar and U.S. bond yields, with the odds of a September rate cut by the Fed rising to about 73%, up from about 66% a week earlier, according to the CME’s FedWatch tool. The Indian rupee was slightly stronger on Friday as most of its… Continue reading Rupee inches higher tracking gains in most Asian peers
Greaves Finance appoints P. B. Sunil Kumar as ED and CEO to Drive sustainable mobility solutions
P. B. Sunil Kumar, CEO of Greaves Finance Greaves Finance, a non-banking financial company and subsidiary of Greaves Cotton, has appointed P. B. Sunil Kumar as its executive director and chief executive officer starting July 3, 2024. Kumar will lead the company’s initiatives to provide customized financing options for electric two-wheeler buyers and drive the… Continue reading Greaves Finance appoints P. B. Sunil Kumar as ED and CEO to Drive sustainable mobility solutions
Indian Auto LPG Coalition advocates for cleaner mobility policies
This reduction would align Auto LPG’s GST rate with that of domestic LPG, discourage illegal diversion, and make it more affordable. New Delhi: The Indian Auto LPG Coalition (IAC) has made a formal request to Nitin Gadkari, Union Cabinet Minister for Road Transport & Highways, stressing the urgent need for the promotion and policy inclusion… Continue reading Indian Auto LPG Coalition advocates for cleaner mobility policies
Servotech Power Systems inaugurates grid-connected solar-powered EV Charging Carport
The Solar-Powered EV Charging Carport is established under the KVP project framework. New Delhi: Servotech Power Systems Ltd., in partnership with the National Solar Energy Federation of India (NSEFI), has inaugurated Delhi’s first grid-connected Solar-Powered EV Charging Carport at Hauz Khas Village parking station. This pilot project, a collaboration between NSEFI and the Bundesverband Solarwirtschaft… Continue reading Servotech Power Systems inaugurates grid-connected solar-powered EV Charging Carport
Italian steel plant launches trial to use hydrogen to cut emissions
Earlier in May, Italy, Germany and Austria signed a cooperation deal to develop a hydrogen transportation network from the southern Mediterranean to northern Europe. Italian gas grid operator Snam , steel pipe maker Tenaris and green technology firm Tenova are trialling the use of hydrogen fuel at a Tenaris steel plant in northern Italy in… Continue reading Italian steel plant launches trial to use hydrogen to cut emissions
China’s Xi Jinping greets EU Council president ahead of EV tariffs taking effect
EU trade policy has turned increasingly protective over concerns that China’s production-focused development model could see it flooded with cheap goods as Chinese firms look to step up exports amid weak domestic demand. China’s President Xi Jinping made a congratulatory call on Thursday to incoming European Council President Antonio Costa, Chinese state media said, a… Continue reading China’s Xi Jinping greets EU Council president ahead of EV tariffs taking effect