Mahle’s approach involves amalgamating disparate components, previously installed individually, into comprehensive thermal management modules. New Delhi: In a significant move towards reinforcing its position in the realm of e-mobility, Mahle has clinched two substantial orders for thermal management modules. These contracts not only underscore Mahle’s strategic expansion in the electric vehicle sector but also mark… Continue reading Mahle secures €1.5 bn worth of orders for thermal management modules, boosting e-mobility footprint
Author: Economic Times of India Online News
US opens investigation into Ford gasoline leak, saying automaker’s remedy doesn’t fix the problem
The recall covers nearly 43,000 Ford Bronco Sport SUVs from the 2022 and 2023 model years, and Escape SUVs from 2022. All have 1.5-liter engines. The U.S. government’s auto safety agency has opened an investigation into a Ford recall for gasoline leaks from cracked fuel injectors that can cause engine fires, saying in documents that… Continue reading US opens investigation into Ford gasoline leak, saying automaker’s remedy doesn’t fix the problem
Total vehicle domestic sales up 12.5% to 23.8 mn in FY24: SIAM
Overall, 3,70,786 passenger vehicles were dispatched to dealers in February, marking a notable uptick from the 3,34,790 units recorded during the same period last year. New Delhi: The Society of Indian Automobile Manufacturers (SIAM) released data today revealing a surge in domestic vehicle sales for the financial year 2023-24. According to the latest figures, total… Continue reading Total vehicle domestic sales up 12.5% to 23.8 mn in FY24: SIAM
China protests EU’s investigation of subsidies in green industries, calling the move protectionist
“And we need it before it is too late,” she said, according to a text of her prepared remarks. “We can’t afford to see what happened on solar panels, happening again on EVs, wind or essential chips.” China has accused the European Union of protectionism and “reckless distortion” of the definition of subsidies in response… Continue reading China protests EU’s investigation of subsidies in green industries, calling the move protectionist
IIT Kanpur Startup Simactricals raises INR 75 lakh funding
Simactricals’ flagship product is a sophisticated wireless charging system designed to cater to a wide array of electric vehicles, including 2W, 3W, 4W, warehouse bots, rovers, and drones. New Delhi: Simactricals, incubated at the Startup Incubation and Innovation Centre (SIIC), IIT Kanpur, has announced the development of its wireless charging system. Founded in October 2020… Continue reading IIT Kanpur Startup Simactricals raises INR 75 lakh funding
CEO’s Take On 2024: From rural economy to African markets auto sector needs action on many fronts, says Tsutsumu Otani, MD, President & CEO, HMSI
Updated On Apr 11, 2024 at 12:01 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Tsutsumu Otani, MD, President and CEO – Honda Motorcycle & Scooter India The excerpts:Q: After two consecutive years of record high sales performance, what is your outlook for 2024?Post pandemic with the foreign investment increase in… Continue reading CEO’s Take On 2024: From rural economy to African markets auto sector needs action on many fronts, says Tsutsumu Otani, MD, President & CEO, HMSI
India’s EV sales double to 96,000 units in 2023, electric two-wheelers surge by 13%
The expansion of India’s EV charging infrastructure has kept pace, with nearly 17,000 public EV charging stations operational by March 2024. New Delhi: Electric vehicle (EV) sales in India surged across all segments in 2023, with passenger EV sales nearly doubling to 96,000 units, representing 2.3% of all passenger vehicle sales, as per the Bloomberg… Continue reading India’s EV sales double to 96,000 units in 2023, electric two-wheelers surge by 13%
Highway toll mopup rises 35% to 5-year high of INR 64,810 crore
As per government data, more than 79.8 million FASTags have been issued till November 30, 2023. India’s highway toll collection in FY24 increased by 34.9% year-on-year to a five-year high of INR 64,809.86 crore, helped by an increase in tolled roads and their users, according to government data. Year-wise, toll collection stood at INR 25,154.76… Continue reading Highway toll mopup rises 35% to 5-year high of INR 64,810 crore
SC allows DMRC’s plea against arbitral award of INR 8,000 cr in favour of Reliance firm
After the dismissal of the plea of DMRC, the Reliance firm had moved the Delhi High Court seeking execution of the arbitral award. New Delhi: In a major relief to the DMRC, the Supreme Court on Wednesday set aside its own judgement and held that the PSU firm was not obliged to pay over INR… Continue reading SC allows DMRC’s plea against arbitral award of INR 8,000 cr in favour of Reliance firm
Natural gas should come under GST regime, says GAIL chairman Sandeep Kumar Gupta
GAIL chairman, Sandeep Kumar Gupta The government will need to make bold policy interventions if the country is to achieve its goal of more than doubling the share of natural gas in the energy mix to 15% by 2030, said GAIL chairman Sandeep Kumar Gupta. In an interview to ET’s Sanjeev Choudhary, the former finance… Continue reading Natural gas should come under GST regime, says GAIL chairman Sandeep Kumar Gupta