Updated On Mar 13, 2024 at 05:52 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Representative image New Delhi: The heavy industries ministry on Wednesday announced a new scheme to promote e-mobility in the country with an outlay of INR 500 crore for four months beginning April 2024. The new scheme… Continue reading Heavy industries ministry announces INR 500 cr scheme to promote e-mobility
Author: Economic Times of India Online News
EVs are 59% less likely to break down, says Start Rescue
Representative image. Contrary to common perceptions, EVs are 59% less likely to require a breakdown call-out than ICE vehicles, according to a UK-based breakdown and recovery service provider. “Our figures show electric cars ranging from new to 10-years old are 59% less prone to breakdowns than ICE cars,” said Lee Puffett, Managing Director of Start… Continue reading EVs are 59% less likely to break down, says Start Rescue
SANY India partners with J&K Bank to provide financial solutions to its customers
The MoU was signed in the presence of Nishikant Sharma, Deputy General Manager of J&K Bank, and Sanjay Saxena, COO of SANY India. New Delhi: SANY India, a leading manufacturer of construction equipment, has taken a significant stride towards offering improved financial solutions to its customers. The company has formalized a Memorandum of Understanding (MoU)… Continue reading SANY India partners with J&K Bank to provide financial solutions to its customers
Methane emissions from energy sector near record high in 2023, IEA says
Large methane plumes from leaky fossil fuel infrastructure jumped by 50% in 2023 compared with 2022, according to the report. Methane emissions from the energy sector remained near a record high in 2023 despite a raft of commitments from the oil and gas industry to plug leaking infrastructure, a report by the International Energy Agency… Continue reading Methane emissions from energy sector near record high in 2023, IEA says
Okaya EV bags order from HPCL to install 600 fast DC EV Chargers
Okaya EV Chargers has installed more than 3000 DC EV chargers and supplied more than 50,000 AC chargers. New Delhi: Okaya EV Chargers, an electric vehicle charging solution, has secured an order for 600 EV chargers from Hindustan Petroleum Corporation Limited (HPCL), one of India’s leading oil and natural gas companies. The order encompasses the… Continue reading Okaya EV bags order from HPCL to install 600 fast DC EV Chargers
The Lean Inventory Illusion: A Closer Look at India’s Auto Supply Chains
With fluctuations in demand or supply disruptions, OEM production plans may change, and their daily requirements from vendors may not align with the pre-established monthly forecast. Many auto OEMs in India proudly claim that they operate with only a few hours’ worth of component inventory. Not only is component inventory minimal, but finished goods (FG)… Continue reading The Lean Inventory Illusion: A Closer Look at India’s Auto Supply Chains
India’s energy subsidies reach 9-year peak at USD 39.3 billion amidst global crisis
The increase in energy subsidies is largely a reaction to the heightened energy demands and the impacts of the international energy price crisis New Delhi: India’s energy subsidies have soared to a record INR 3.2 lakh crore (USD 39.3 billion) in the fiscal year 2023, marking a nine-year high, according to the latest findings. The… Continue reading India’s energy subsidies reach 9-year peak at USD 39.3 billion amidst global crisis
Tata Power Solar completes India’s largest solar-BESS project in Chhattisgarh
The project is expected to generate an estimated 243.53 million units of energy annually and reduce the carbon footprint of 4.87 million tonnes in 25 years, contributing significantly to India’s renewable energy goals Tata Power Solar Systems Limited (TPSSL), a subsidiary of Tata Power Renewable Energy Limited (TPREL), completed India’s largest Solar and Battery Energy… Continue reading Tata Power Solar completes India’s largest solar-BESS project in Chhattisgarh
PM Modi flags off India’s first automobile in-plant Railway siding project
The company, along with joint venture partners, has invested more than INR 1,081 crore to build the in-plant railway siding at its factory in Gujarat. Prime Minister Narendra Modi on Tuesday inaugurated India’s first automobile in-plant railway siding project of Maruti Suzuki India at its plant in Hansalpur, Gujarat. During his Gujarat trip, Modi also… Continue reading PM Modi flags off India’s first automobile in-plant Railway siding project
Better supply and demand drive PV sales to new monthly record
This was the third highest monthly sales on record, behind 394,500 units sold in January 2024 and 391,811 units in October 2023. Passenger vehicle sales in India reached a new high for February last month amid better supplies and strong consumer demand, making it the fourteenth straight month of best monthly sales, data from industry… Continue reading Better supply and demand drive PV sales to new monthly record