Regular campaigns against illegal stands, parking, overspeeding, and overloading were also mandated, he said. In a significant move to enhance road safety, Gautam Buddh Nagar District Magistrate Manish Kumar Verma on Wednesday directed officials to launch a campaign against vehicles flouting safety standards including unfit school vehicles. He issued the directions as he chaired a… Continue reading Noida district magistrate calls for crackdown on vehicles flouting safety norms
Author: Economic Times of India Online News
Managing bullwhip: How to solve auto OEM dealer inventory challenge
When forecasts overestimate future demand or when inventory levels take time to adjust to changing slowdown in market demand, as was the case recently, the result is often excess inventory at dealerships. The bullwhip effect describes the amplification of demand variability as one moves upstream in the supply chain. It typically starts with small fluctuations… Continue reading Managing bullwhip: How to solve auto OEM dealer inventory challenge
Union Budget 2024-25: INR 11.11 lakh crore infrastructure capex to propel commercial vehicle industry growth
The allocation of INR 10 lakh crore towards urban and rural housing can be another driver of business for the CV industry. The Union Budget 2024-25 is an amalgamation of big-ticket announcements, some surprises and inclusive allocations. The granularity in the GDP projections considered for FY25 will have to be seen but the projections are… Continue reading Union Budget 2024-25: INR 11.11 lakh crore infrastructure capex to propel commercial vehicle industry growth
India’s focus for incentives should be on EVs, says BMW Group
Updated On Jul 25, 2024 at 09:21 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Jean-Philippe Parain, Senior Vice-President, Region Asia-Pacific, Eastern Europe, Middle East and Africa, BMW Group New Delhi: German luxury carmaker BMW Group, which emerged as one of the top sellers in EVs after Tesla and BYD, is… Continue reading India’s focus for incentives should be on EVs, says BMW Group
KPIT Technologies reports 52% increase with INR 204.2 cr in net profit for March 2024 quarter
KPIT Technologies KPIT Technologies, an auto industry-focused firm, reported a substantial 52% increase in its net profit for the March 2024 quarter, reaching INR 204.2 crore. This growth was driven by higher revenue and improved profit margins. In comparison, the company had recorded a net profit of INR 134 crore in the same period last… Continue reading KPIT Technologies reports 52% increase with INR 204.2 cr in net profit for March 2024 quarter
BMW Group unveils 4 new vehicles for 2024 including Mini Cooper models and CE 04 Electric Scooter
CE 04 Electric Scooter The BMW Group has unveiled four new vehicles for 2024, which include two Mini Cooper models, a luxury sedan, and an electric scooter, with the launch event held on Wednesday. These introductions include the new 8th generation BMW 5 Series luxury sedan, which has previously been showcased in India. This series… Continue reading BMW Group unveils 4 new vehicles for 2024 including Mini Cooper models and CE 04 Electric Scooter
Hyundai Motor India partners with Charge Zone to expand EV charging network
Hyundai with Charge Zone Hyundai Motor India Limited (HMIL) has entered into a Memorandum of Understanding (MoU) with Charge Zone to enhance its electric vehicle (EV) roadmap in India. Under this partnership, Charge Zone will install DC 60 kW fast chargers across 100 HMIL dealerships. This initiative aligns with the Government of India’s strategies for… Continue reading Hyundai Motor India partners with Charge Zone to expand EV charging network
Deadline to avail Centre’s EV promotion scheme ends July 31
The EVs eligible for incentivisation under EMPS 2024 scheme must be manufactured and registered within the validity period of EMPS 2024 certificate. New Delhi: The government on Tuesday said the last date of its Electric Mobility Promotion Scheme (EMPS) 2024, which aims to provide further impetus to the green mobility and development of electric vehicle… Continue reading Deadline to avail Centre’s EV promotion scheme ends July 31
Delhi High Court quashes summons to Hero Motocorp chairman in foreign currency case
Pawan Munjal The Delhi High Court has quashed a summons issued to Hero Motocorp chairman Pawan Kant Munjal in a case related to foreign currency registered by the Directorate of Revenue Intelligence (DRI). The summons, issued by a trial court on July 1, 2023, was for alleged offences under the Customs Act. Justice Manoj Kumar… Continue reading Delhi High Court quashes summons to Hero Motocorp chairman in foreign currency case
Eco Survey – Holistic plan needed for a green India
This effort helps lay the groundwork for a future that is smarter, greener and more resilient. India stands at the cusp of a transformative opportunity to lead the way in green transition finance for infrastructure. Building future-ready, green infrastructure will require creating synergies across the sectors of infrastructure development. The commitment to achieve net zero… Continue reading Eco Survey – Holistic plan needed for a green India