Author: Economic Times of India Online News

Poland to decide by summer if European funds will support EV plant

As the electric car market is grappling with a price war and trade tensions between China and the EU, Chinese EV makers are expanding their presence in Europe. Poland’s government faces a decision by the summer on whether to support a plan of the previous administration to build an electric vehicle (EV) plant with support… Continue reading Poland to decide by summer if European funds will support EV plant

Benefits of EV push up registrations in 2023-24

PMC has a plan to come up with 500 charging stations and 200 docking stations at different parts of the city. A source said of these, around 50 charging stations had come up. The Pune RTO recorded an upward swing in registration of electric vehicles, including public and goods carriers, in the 2023-24 finacial year… Continue reading Benefits of EV push up registrations in 2023-24

Mahindra Group to invest INR 1,200 cr to set up 150 MW hybrid project in Maharashtra

The company aims to commission the project within the next two years. It will have more than 80% locally manufactured components, the company said. New Delhi: Mahindra Susten on Monday said it will foray into the hybrid renewable energy segment by setting up a INR 1,200-crore 150-megawatt solar wind energy project in Maharashtra. The project… Continue reading Mahindra Group to invest INR 1,200 cr to set up 150 MW hybrid project in Maharashtra

BP’s EV charging arm cuts jobs, reduces global ambitions

“Our EV ambitions have not changed,” BP said. The changes at BP Pulse are “a step towards ensuring that we can execute our goals with even greater precision and effectiveness”. BP has cut over a tenth of the workforce in its electric vehicle charging business and pulled it out of several markets after a bet… Continue reading BP’s EV charging arm cuts jobs, reduces global ambitions

Global mining investment too low to support energy transition, Rio Tinto chairman says

Scott Clements, a partner at Tribeca Capital, said there were still enormous opportunities in the mining sector that could “generate phenomenal returns”. Low rates of investment in the global mining sector have put the global energy transition at risk, widening the supply gap in critical minerals like copper, Rio Tinto chairman Dominic Barton said on… Continue reading Global mining investment too low to support energy transition, Rio Tinto chairman says

FADA to study ways to improve ties with F&I co.s for better customer service

FADA wants to take a step further to understand the different aspects of relationships with the finance and insurance companies, the key players, after OEMS, in the dealer business. New Delhi: The automobile retail is becoming a core business in India with the multiplicity of OEM brands, their variants, different fuel options, and electric vehicles.… Continue reading FADA to study ways to improve ties with F&I co.s for better customer service

Tata Power’s EV charging network crosses 10 cr green kilometres

As per industry estimates, India is expected to reach annual sales of one crore EVs by 2030. New Delhi: Tata Power on Monday said that it becomes the first Electric Vehicle (EV) charging solutions provider to power 10 crore (100 million) green kilometres spanning public, semi-public, bus/fleet and home charger segments across the country. Tata… Continue reading Tata Power’s EV charging network crosses 10 cr green kilometres

GrowthCap Ventures invests in Advance Mobility

Advance Mobility, an innovative ridesharing mobility startup, is redefining scalable fleet operations on the Uber platform. New Delhi: GrowthCap Ventures, an early-stage venture capital firm, has made its maiden investment in Advance Mobility. The investment signals GrowthCap Ventures’ commitment to fostering innovation and driving growth within the rapidly evolving mobility industry. This strategic investment signifies… Continue reading GrowthCap Ventures invests in Advance Mobility

Toll fee exemption hoardings on NHs may be history soon

NHAI is considering the option of earmarking one lane for exempted-category vehicles. In a move aimed at pruning VIP culture, govt may do away with the huge hoardings placed ahead of NH toll plazas, which mention details of dignitaries and persons whose vehicles are exempted from paying user fee. The suggestion was made last week… Continue reading Toll fee exemption hoardings on NHs may be history soon