French President, Emmanuel Macron. French President Emmanuel Macron reaffirmed his support for EU tariffs on Chinese electric vehicles, during a visit to Berlin on Wednesday. Macron had earlier met with Chancellor Olaf Scholz, whose government fears a trade war with China that could hurt Germany’s crucial auto sector. Brussels plans to levy additional duties of… Continue reading Macron backs Chinese EV tariffs as Scholz calls for dialogue
Author: Economic Times of India Online News
Global hydrogen production set to surge despite uncertainties: IEA
The report points out that if all announced hydrogen projects come to fruition, total global production could hit 50 million tonnes per year by the end of the decade. New Delhi: Global low-emissions hydrogen production could increase fivefold by 2030, driven by a wave of new projects that have reached final investment decisions in the… Continue reading Global hydrogen production set to surge despite uncertainties: IEA
China files appeal to WTO on Canada’s tariffs on EVs, metal products
The ministry repeated its strong opposition to the tariffs, which it says will “disrupt and distort global industrial and supply chain.” China’s commerce ministry said on Wednesday it has asked the World Trade Organization (WTO) to rule on Canada’s imposition of steep tariffs on Chinese electric vehicles as well as steel and aluminum products. Following… Continue reading China files appeal to WTO on Canada’s tariffs on EVs, metal products
Vivriti Capital secures USD 25 mn from ADB for climate finance projects
At least 30% of the funds will be directed toward the EV ecosystem, such as charging stations and battery-swapping infrastructure, in addition to on-lending to retail borrowers for EV purchases. New Delhi: Vivriti Capital Limited (VCL), a leading mid-market non-banking financial company (NBFC), has raised USD 25 million from the Asian Development Bank (ADB) to… Continue reading Vivriti Capital secures USD 25 mn from ADB for climate finance projects
Consumer spending patterns reshaping auto sector: Vijayaraghavan Swaminathan
Vijayaraghavan Swaminathan, Avendus Spark Institutional Equities. “This is what is leading to capex recovery from the large sectors. On top of it, if you look at the last 12-18 months, there is a clear improvement in balance sheet cycle of mid and small size companies,” says Vijayaraghavan Swaminathan, Avendus Spark Institutional Equities. When you talk… Continue reading Consumer spending patterns reshaping auto sector: Vijayaraghavan Swaminathan
Working on Automotive Mission Plan 2047 to make India advanced industrial power: Official
The scheme will support the operation of e-buses for a period of up to 12 years from the date of deployment. Ministry of Heavy Industries is working with auto industry associations SIAM and ACMA on Automotive Mission Plan 2047, which will pave the way for India to become an advanced industrial power, a top official… Continue reading Working on Automotive Mission Plan 2047 to make India advanced industrial power: Official
US issues USD 2 bn electric vehicle tax rebates since Jan 1, says Treasury
Consumers must attest they meet income limits to qualify for the tax credit at time of purchase or must repay the government when filing their taxes. The U.S. government has issued USD 2 billion in advance point-of-sale consumer electric vehicle (EV) tax credit payments since Jan. 1 covering more than 300,000 vehicles, the Treasury said… Continue reading US issues USD 2 bn electric vehicle tax rebates since Jan 1, says Treasury
European automakers most at risk from US dockworkers strike
European automakers, many of which use the ports on strike, would be the most affected, Levy said in a research note. European automakers are the most likely to be affected by the dockworkers strike at U.S. East Coast and Gulf Coast ports because they rely heavily on those locations, but a longer walkout could prove… Continue reading European automakers most at risk from US dockworkers strike
The anarchy of EV charging technologies: Critical need to standardise EV connecting systems
There are two types of chargers based on the type of electric current supplied – AC chargers and DC chargers. At a running cost of around one Rupee per kilometer, EV cars are more economical for users who drive for more than 1,500 kilometers a month. However, EV users have to face a lot of… Continue reading The anarchy of EV charging technologies: Critical need to standardise EV connecting systems
TVS Motor sales increases 20% with 4,82,495 units in September
The company’s domestic two-wheeler sales saw a 23% increase, climbing from 300,493 units in September 2023 to 369,138 units in September 2024. TVS Motor Company reported a 20% growth in monthly sales for September 2024, with total sales reaching 482,495 units compared to 402,553 units in September 2023. This increase is driven by a significant… Continue reading TVS Motor sales increases 20% with 4,82,495 units in September