Updated On Sep 5, 2024 at 12:03 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Only a handful of large OEMs (out of 20 successful applicants initially) have had their products certified to be eligible for incentives. The automobile industry is anxiously waiting for disbursements to begin under the Production Linked… Continue reading OEMs worried over delay in disbursal under auto PLI scheme, not a single rupee given so far
Author: Economic Times of India Online News
Delhi EV sales plummet after road tax waiver withdrawal, prices jump 10%
Published On Sep 5, 2024 at 08:08 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Removal of the incentive has sparked a sharp rise in EV purchase prices, impacting sales drastically. Electric vehicle sales have come to a near standstill in the national capital with the state government withdrawing a waiver… Continue reading Delhi EV sales plummet after road tax waiver withdrawal, prices jump 10%
BYD’s global expansion push runs into stiff Japan test
BYD is rolling out electric-vehicle charging stations in Japan. BYD is rolling out electric-vehicle charging stations and ramping up marketing and customer incentives in Japan, aiming to boost sales in a market that has become a stumbling block in the Chinese automaker’s global expansion. Warren Buffett-backed BYD has become China’s largest EV maker after years… Continue reading BYD’s global expansion push runs into stiff Japan test
XLRI Delhi-NCR partners with ATS India for Indian School for Design of Automobiles
XLRI Delhi-NCR established strategic partnership with ATS India to create the Indian School for Design of Automobiles (INDEA). XLRI Delhi-NCR has established a strategic partnership with ATS India to create the Indian School for Design of Automobiles (INDEA), the nation’s first dedicated school for automobile design and management. Under this Memorandum of Understanding (MoU), ATS… Continue reading XLRI Delhi-NCR partners with ATS India for Indian School for Design of Automobiles
Need to bring startups to boost green hydrogen: Pralhad Joshi
The event is being organised by the Ministry of New & Renewable Energy in association with Office of the Principal Scientists, Government of India. New and Renewable Energy Minister Pralhad Joshi on Wednesday stressed on the need to bring startups into the green hydrogen sector to bring new ideas and involve youth. Addressing a curtain… Continue reading Need to bring startups to boost green hydrogen: Pralhad Joshi
Steel ministry backs industry’s demand to raise tariffs
“Our steel industry is facing a lot of problems. They are suffering,” Kumaraswamy told reporters. India’s steel minister will try to convince the finance ministry to raise tariffs on steel imports, he said on Wednesday, to protect domestic mills from a rise in cheaper imports from countries such as China. India, the world’s second biggest… Continue reading Steel ministry backs industry’s demand to raise tariffs
Souring mood in German auto sector sets gloomy tone for VW labour talks
The expectations indicator dropped from -29.5 points in July to -40.5 in August, according to Ifo’s monthly survey. Business sentiment in the German automotive industry slid deeper into negative territory in August, according to a survey, providing a gloomy backdrop to labour talks due to start on Wednesday at Volkswagen over its ambitious cost-cutting drive.… Continue reading Souring mood in German auto sector sets gloomy tone for VW labour talks
A third of active vehicles in Delhi have expired PUCC
Over 30% of the vehicles running on city roads do not have the mandatory PUCC. New Delhi: Over 30% of the vehicles running on city roads do not have the mandatory Pollution Under Control Certificate (PUCC). According to govt data, of the 82.9 lakh active vehicles in the city, the PUCC of 26.2 lakh have… Continue reading A third of active vehicles in Delhi have expired PUCC
Australia shares end slightly lower; iron ore and lithium miners slump
Australian shares ended marginally lower in subdued trading on Tuesday. Australian shares ended marginally lower in subdued trading on Tuesday, dragged down by consumer and mining stocks, while local investors waited for crucial growth data. The S&P/ASX 200 index fell 0.1% to 8,103.5 points. The Australian consumer staples index closed 2.1% in the red, marking… Continue reading Australia shares end slightly lower; iron ore and lithium miners slump
From peace-maker to taboo-breaker, VW boss Blume takes on the unions
Volkswagen boss Oliver Blume tackles Germany’s powerful labour unions. Volkswagen boss Oliver Blume, already battling slowing demand for electric cars and Chinese rivals, must now put aside his mantle as team player to tackle yet another tough opponent, Germany’s powerful labour unions. The pressure on Europe’s top carmaker was laid bare this week when Volkswagen… Continue reading From peace-maker to taboo-breaker, VW boss Blume takes on the unions