Used electric cars are losing value faster than traditional vehicles. Concerns about battery life and replacement costs are driving this trend. Electric cars may be racing toward the future, but their resale value seems stuck in the slow lane. Investment banker Sarthak Ahuja says used electric vehicles are losing value almost twice as fast as… Continue reading Planning to buy electric car? Gurgaon CA shares the biggest problem in EVs and it’s not about charging or range
Author: Economic Times of India Online News
Pagaya, Castlelake reach deal for up to $500 million in auto loans
The deal comes just weeks after the well-publicized collapse of two US auto sector companies, raising fears of credit stress. Lending platform Pagaya Technologies on Monday announced an agreement to sell up to $500 million of its auto loans to asset-based private credit manager Castlelake. In a statement, New York City-based Pagaya said the deal… Continue reading Pagaya, Castlelake reach deal for up to $500 million in auto loans
Ford’s US October sales rise on demand for pickup trucks despite EV decline
Ford, General Motors and Stellantis have rolled back their ambitious plans for EVs in the US, pivoting to their gasoline-powered models. Ford on Monday reported a 1.6 per cent rise in US sales in October, as a rise in demand for pickup trucks offset falling electric vehicle volumes. US President Donald Trump’s tax and spending… Continue reading Ford’s US October sales rise on demand for pickup trucks despite EV decline
Ignyte launches lightest ECE-certified helmets starting at ₹6,649
The Airlite models weigh 900 grams for ECE and 800 grams for DOT certification. Ignyte, a premium brand of Steelbird Hi-Tech India, on Tuesday said it has launched the Airlite Series of motorcycle helmets, featuring models AI-10 and AI-14. These helmets are certified under ECE 22.06 (Europe) and DOT (FMVSS 218, USA) safety standards. According… Continue reading Ignyte launches lightest ECE-certified helmets starting at ₹6,649
Automaker Stellantis scraps supply deal with Australia’s Novonix
The company is also continuing to provide samples to 15 current and potential customers across battery and industrial applications. Australia’s Novonix said on Tuesday that a unit of automaker Stellantis had terminated its offtake agreement with the battery materials supplier, citing an inability to agree on product specifications. Shares of the company fell as much… Continue reading Automaker Stellantis scraps supply deal with Australia’s Novonix
Auto sector funds top 3-month average returns among all domestic MFs: Should you book profit or stay?
Auto-focused mutual funds have benefited from gains in both leading manufacturers and ancillary players, reflecting a broad-based sectoral uptrend, Dhawan added. Auto sector mutual funds have been among the best performers, delivering strong double-digit average returns of around 10.49 per cent in the past three months — second only to international funds, which gained 10.86… Continue reading Auto sector funds top 3-month average returns among all domestic MFs: Should you book profit or stay?
Hinduja Group to invest ₹20,000 cr in Andhra across energy, EV sectors
Additionally, an agreement was reached to create a statewide network of electric charging stations in collaboration with the government to promote green transport initiatives. Amaravati, Diversified conglomerate Hinduja Group has agreed to invest ₹20,000 crore in Andhra Pradesh in phases, following a meeting with Chief Minister N Chandrababu Naidu in London, the state government said… Continue reading Hinduja Group to invest ₹20,000 cr in Andhra across energy, EV sectors
BLive EZY launches Kolkata operations, plans 5,000 EV fleet deployment
BLive EZY has partnered with EV manufacturers including TVS, Ampere, and Kinetic to source vehicles for its expanding fleet. E-mobility platform BLive EZY has begun operations in Kolkata, aiming to deploy 5,000 electric two-wheelers and three-wheelers over the next three years. The company operates on a franchise model, allowing entrepreneurs to own EV fleets and… Continue reading BLive EZY launches Kolkata operations, plans 5,000 EV fleet deployment
Highways Ministry to penalise contractors for repeat accidents on NH stretches
Umashankar said the highways ministry has identified 3,500 accident-prone stretches. To prevent road accidents and fatalities, the highways ministry has decided to penalise contractors if more than one accident happens in a year on a particular stretch of National Highways, built under the build-operate-transfer (BOT) model, a senior government official said on Sunday. Road Transport… Continue reading Highways Ministry to penalise contractors for repeat accidents on NH stretches
From AI chips to EVs: Why M&G’s Vikas Pershad sees Asia, not the US, leading the next market rally
Contrary to western narratives, Pershad argued that China is evolving from a fast follower to a genuine innovator across sectors like EVs, robotics, and consumer electronics. Technology, public policy, and demographics are emerging as the three most powerful forces shaping global equity markets — and Asia stands to gain the most, according to Vikas Pershad,… Continue reading From AI chips to EVs: Why M&G’s Vikas Pershad sees Asia, not the US, leading the next market rally