Author: Economic Times of India Online News

Iron ore extends gains on firm near-term demand, China stimulus hopes

Transaction volumes of portside iron ore climbed by nearly 28% from Monday to 1.12 million tons on Tuesday, data from consultancy Mysteel showed. Iron ore futures prices rose for a fourth straight session on Wednesday to their highest level in nearly four weeks, supported by firm near-term demand in top consumer China and lingering expectations… Continue reading Iron ore extends gains on firm near-term demand, China stimulus hopes

EV companies seek stability in incentives ahead of FAME-III rollout

The Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme was originally launched in 2015 to encourage the adoption of electric and hybrid vehicles. With expectations of the union budget unveiling the third edition of the government scheme to promote adoption of electric vehicles, sections of EV makers said this time they wanted a subsidy… Continue reading EV companies seek stability in incentives ahead of FAME-III rollout

Extended tax holiday for CNG, electric vehicles in Kolkata

CNG is cleaner compared to petrol and diesel, reducing carbon monoxide emissions by approximately 80% and hydrocarbons by 44%. The state transport department has announced an extension of tax holiday for two-wheeler and four-wheeler electric vehicles (EVs) and all categories of CNG vehicles until March 31, 2025. The announcement, made by transport secretary Saumitra Mohan,… Continue reading Extended tax holiday for CNG, electric vehicles in Kolkata

India’s EV sector to attract USD 500 mn, boosts green mobility: Commerce Secretary

Organized by the IESA, the event has gathered key policymakers and industry leaders to discuss and promote the adoption of energy storage, e-mobility, and clean technologies in India. New Delhi: India’s burgeoning electric vehicle (EV) sector is poised to attract a significant USD 500 million investment, Commerce Secretary Sunil Barthwal said at the inauguration of… Continue reading India’s EV sector to attract USD 500 mn, boosts green mobility: Commerce Secretary

India needs to build its own EV paradigm, products, and core technology in the EV stack: Bhavish Aggarwal, Ola

Bhavish Aggarwal, Ola Electric Bhavish Aggarwal, Chairman & MD, Ola, says India needs to build its own EV paradigm, its products, and its core technology in the EV stack to become a large part of the global EV revolution. Aggarwal says that is his mission and therein lies the opportunity for the whole industry in… Continue reading India needs to build its own EV paradigm, products, and core technology in the EV stack: Bhavish Aggarwal, Ola

Faster nod for power connection to EV charging stations proposed

Updated On Jul 2, 2024 at 08:19 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals State nodal agencies and city authorities will carry out periodic mapping, at least once in every year, of the geographic distribution of potential EV charging demand, it said. New Delhi: The government has proposed to cut… Continue reading Faster nod for power connection to EV charging stations proposed

Mahindra Group announces appointment of Ankit Todi as Group Chief Sustainability Officer

Ankit Todi New Delhi: Mahindra Group today announced the appointment of Ankit Todi as the new Group Chief Sustainability Officer. Since joining the Mahindra Group in 2022, Ankit has been instrumental in shaping the group’s refreshed ‘Planet Positive’ sustainability strategy. He has anchored the Group Sustainability CEO Council and led the Mahindra Group’s engagement with… Continue reading Mahindra Group announces appointment of Ankit Todi as Group Chief Sustainability Officer

Mahindra Auto records 23% Y-o-Y SUV sales growth with 40,022 units in June 2024

Updated On Jul 1, 2024 at 12:33 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Mahindar 3XO New Delhi: Mahindra & Mahindra Ltd. (M&M Ltd.), a leading automotive company in India, reported overall auto sales of 69,397 vehicles in June 2024, marking an 11% growth, including exports. The Utility Vehicles segment… Continue reading Mahindra Auto records 23% Y-o-Y SUV sales growth with 40,022 units in June 2024

Union Minister HD Kumaraswamy inspects Visvesvaraya Iron and Steel Plant in Bhadravati

He primarily conducted a thorough examination of the machinery’s capacity, current condition, management system, and workers’ conditions. Union Minister for Heavy Industries and Public Enterprises HD Kumaraswamy, visited the Visvesvaraya Iron and Steel Plant in Bhadravati on Sunday and conducted an on-site inspection. The Union Minister arrived at the Bhadravati plant early in the morning… Continue reading Union Minister HD Kumaraswamy inspects Visvesvaraya Iron and Steel Plant in Bhadravati