Wang is due on Sunday to meet Renault chief executive Luca de Meo, who is also acting chairman of the ACEA, a person briefed on the meeting said. China’s commerce minister Wang Wentao is due in Paris on Sunday for talks that are expected to cover China’s fast growing export of cheap electric vehicles (EVs)… Continue reading China’s commerce minister due in Paris for electric vehicle talks
Author: Economic Times of India Online News
JSW Energy raises INR 5,000 crore from Abu Dhabi Investment Authority, others
Updated On Apr 7, 2024 at 01:48 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals JSW Energy Limited, a part of the USD 23-billion JSW Group, has presence in sectors such as steel, energy, infrastructure, cement and sports, among others. New Delhi: JSW Energy Limited has raised INR 5,000 crore by… Continue reading JSW Energy raises INR 5,000 crore from Abu Dhabi Investment Authority, others
India’s coal import rises 13% in February
Of the total import in February, non-coking coal import increased to 13.77 MT compared to 11.68 MT imported in the year-ago period. New Delhi: India’s coal import rose by 13% to 21.64 million tonnes (MT) in February as some buyers took fresh positions to replenish stocks ahead of summer, according to online marketplace mjunction. The… Continue reading India’s coal import rises 13% in February
India seeks to attract USD 100 bn a year in FDI as it woos investors looking beyond China
The ambitious target compares with an annual average of more than USD 70 billion in FDI in the five years through March 2023 and would be a reversal in trend after last year’s decline. India aims to attract at least USD 100 billion a year in gross foreign direct investment, a top official said, as… Continue reading India seeks to attract USD 100 bn a year in FDI as it woos investors looking beyond China
US, China need ‘tough’ conversations, Yellen tells Chinese Premier Li
Updated On Apr 7, 2024 at 10:19 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals But rapid growth has also meant China has created excess manufacturing capacity that could be between 5 and 10 million EVs per year, according to consultancy Automobility. U.S. Treasury Secretary Janet Yellen told Chinese Premier Li… Continue reading US, China need ‘tough’ conversations, Yellen tells Chinese Premier Li
India seeks to attract USD 100 billion a year in FDI as it woos investors looking beyond China
The ambitious target compares with an annual average of more than USD 70 billion in FDI in the five years through March 2023 and would be a reversal in trend after last year’s decline India aims to attract at least USD 100 billion a year in gross foreign direct investment, a top official said, as… Continue reading India seeks to attract USD 100 billion a year in FDI as it woos investors looking beyond China
Green light for EV cos to claim subsidy under new scheme
According to government officials aware of the development, these prospective subsidies can be claimed for sales made in the upcoming four months. Hero MotoCorp, Bajaj Auto, TVS, Ather Energy, Ola Electric Mobility, and Kinetic Green have received approvals to sell two-wheelers and claim subsidy under the newly unveiled Electric Mobility Promotion Scheme (EMPS), 2024. According… Continue reading Green light for EV cos to claim subsidy under new scheme
Opinion: Need to leverage technology for India’s logistics sector growth
The efficient flow of goods, materials, and products is regarded as the lifeblood of an economy, and in India, with its vast and diverse landscape, the logistics industry has a pivotal role. But the disproportionately high cost, approximately 7.8% -8.9% of the country’s GDP against the global average of 8%, is a major challenge confronting… Continue reading Opinion: Need to leverage technology for India’s logistics sector growth
India EV sales to rise 66% this year after nearly doubling in 2023, report says
India’s EV market, small but growing, is dominated by domestic carmaker Tata Motors. Electric models made up 2% of total car sales in 2023 but the government is targeting 30% by 2030. Electric-vehicle sales in India are expected to rise 66% this year after nearly doubling in 2023 as state subsidies help fuel demand and… Continue reading India EV sales to rise 66% this year after nearly doubling in 2023, report says
Greaves Electric Mobility names K Vijaya Kumar executive director, CEO
K Vijaya Kumar, Executive Director and CEO, Greaves Electric Mobility Pvt Ltd Greaves Electric Mobility, the electric mobility segment of Greaves Cotton, Friday said it has appointed K Vijaya Kumar as its executive director and CEO. In his new role, Kumar will lead the company’s initiatives in product development, dealer distribution and market expansion, among… Continue reading Greaves Electric Mobility names K Vijaya Kumar executive director, CEO