The sales volume of alternative fuel-driven vehicles recorded a growth of more than 400% in Calendar Year (CY) 2023 as compared to CY2020, though on a much smaller base. An analysis by Care Edge Ratings shows that the demand for vehicles powered by traditional fuels is progressively shifting towards those that utilise alternative fuels. The… Continue reading India aims for 30% of all vehicle sales to be electric by 2030: Care Edge Ratings
Author: Economic Times of India Online News
India’s push for EVs may lead to large-scale entry of Chinese firms in domestic market: GTRI
“China has firm plans to increase its presence in India in the passenger vehicle and commercial vehicle segments, after flooding the market with e-rickshaws and two-wheelers,” it added. The Indian government’s push to boost domestic manufacturing of electric vehicles (EVs) may lead to large-scale entry of Chinese auto firms in the local market, a report… Continue reading India’s push for EVs may lead to large-scale entry of Chinese firms in domestic market: GTRI
Road travel to cost more, toll fees to rise by month-end
Union road transport ministry had already made two key announcements regarding this issue. Travelling to or from Chennai by road will be costlier from the end of this month as the National Highways Authority of India (NHAI) plans to increase user fees at four toll plazas on the city’s outskirts. The increase will range from… Continue reading Road travel to cost more, toll fees to rise by month-end
Automakers embrace sustainability: Shift towards recycled materials, biodegradable parts for new models
“That is when we started using agro waste like jute sticks, which are either discarded or burnt,” he says. The new material was on display at the Bharat Mobility Expo in Delhi recently. Even as India surges ahead in the adoption of clean-energy vehicles, a quiet recycling revolution is happening in parallel, complementing the race… Continue reading Automakers embrace sustainability: Shift towards recycled materials, biodegradable parts for new models
Indians’ electric love to power EV sales to a record
The automaker, India’s third-largest, has lofty electric ambitions. EVs account for 14-15% of the company’s sales, which it aims to increase to 25% by 2027 and 50% by 2030. iElectric vehicles (EVs) are set to scale a new milestone, breaching the 100,000 sales mark this financial year (FY24), fuelling the government’s ambitious aim of electrifying… Continue reading Indians’ electric love to power EV sales to a record
Coal, the dirtiest fossil fuel, is preparing for a long goodbye
In 2022, Russia’s invasion of Ukraine and blackouts during heatwaves in India further bolstered coal demand. By last year, output had risen to a record 8.7 billion tons, according to the IEA. More than two years after climate negotiators first attempted to consign coal to history, the dirtiest fossil fuel is having a moment. Thanks… Continue reading Coal, the dirtiest fossil fuel, is preparing for a long goodbye
TVS SCS Q3 net profit drops 42% at INR 10 cr
Representative image. Global supply chain solutions provider TVS Supply Chain Solutions saw its consolidated net profit drop 42% to INR 10 crore in Q3FY24 down from INR 17 crore in the year ago quarter. Compared to Q2FY24 loss of nearly INR 22 crore though this quarter was an improvement. The company’s third quarter revenue from… Continue reading TVS SCS Q3 net profit drops 42% at INR 10 cr
Tata Power to establish EV charging solutions in Ayodhya
The ceremony included the flag-off of four electric vehicles destined for major neighbouring cities. New Delhi: Tata Power, one of the leading players in the electric vehicle (EV) charging infrastructure, and Ayodhya Development Authority (ADA) have made Ayodhya EV ready by establishing EV Charging points in and around the city. This strategic partnership aims to… Continue reading Tata Power to establish EV charging solutions in Ayodhya
TotalEnergies Texas refinery production cut after fire sources say
The TotalEnergies refinery struggled following the end of a three-month overhaul on the gasoline-producing 76,000-bpd FCC in late November through mid-January to reach full production. Production at TotalEnergies‘ 238,000-barrel-per-day (bpd) Port Arthur, Texas refinery was reduced and the small crude distillation unit (CDU) shut following a fire on Friday morning, said people familiar with plant… Continue reading TotalEnergies Texas refinery production cut after fire sources say
Hero Cycles’ Aditya Munjal appointed as AICMA president
“I am confident that this, coupled with the forward-thinking government policies, will enable us to establish India as a formidable cycle manufacturer in global markets,” Aditya Munjal said. New Delhi: All India Cycle Manufacturers’ Association (AICMA), the body representing India’s cycle manufacturing industry, Sturdy appointed Aditya Munjal, CEO, Hero Cycles, as its President for 2024… Continue reading Hero Cycles’ Aditya Munjal appointed as AICMA president