One barrel of gasoline contains approximately 42 gallons. Gasoline in New York Harbor is currently selling for about USD 2.29 per gallon. The United States may sell its 1 million barrel Northeast gasoline reserve in fiscal year 2024, according to the draft text of a funding bill released on Sunday. The reserve, first established in… Continue reading US considers selling Northeast gasoline reserve in 2024 in draft bill
Author: Economic Times of India Online News
Bajaj Auto to buyback shares worth INR 4,000 cr
Updated On Mar 4, 2024 at 10:49 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Shareholders are encouraged to review the detailed information provided by Bajaj Auto Limited before participating in the buyback program. Bajaj Auto Limited, a leading automobile manufacturer, has revealed plans for a significant buyback program. The company… Continue reading Bajaj Auto to buyback shares worth INR 4,000 cr
Is the EV market ready to remove the mask of subsidies?
“The adoption rate of EVs in India may slow down, as cost remains a significant barrier for many potential buyers,” says Sohinder Gill, CEO, Hero Electric Vehicles India. New Delhi: Government subsidies aided the smoother acceptance of Electric Vehicles (EVs) in India by helping the OEMs make them affordable for the buyers. But the recent… Continue reading Is the EV market ready to remove the mask of subsidies?
Tata, Mahindra, and Ola eye double benefit of Auto PLI and FAME with early approvals
Mahindra & Mahindra, Tata Motors, and Ola Electric have already received DVA certificates for 22 variants of Advanced Automotive Technology (AAT) products. Tata Motors, Mahindra, and Ola Electric are eying a bonanza as they take the lead in availing benefits under the government’s production-linked incentive (PLI) programme. These sops are a sweetener for the three… Continue reading Tata, Mahindra, and Ola eye double benefit of Auto PLI and FAME with early approvals
Tata group will remain committed to integrity, innovation, social responsibility: Chandrasekaran
“We will continue to work together with the community to build a brighter, more prosperous future for Jamshedpur and its residents,” he added. Tata Sons Chairman N Chandrasekaran on Sunday said the conglomerate would continue to uphold the legacy of its founder Jamsetji Tata, and remain committed to the principles of integrity, innovation and social… Continue reading Tata group will remain committed to integrity, innovation, social responsibility: Chandrasekaran
Gravity opens fastest EV charger in US to public in New York City
Gravity’s chargers are the size of a carry-on suitcase, compared with large stands deployed by automakers and other EV charging network operators. Google-backed EV infrastructure startup Gravity Mobility has opened the fastest charging solution in the United States to the public, as it looks to attract fleet customers. Major fleet operators will have access to… Continue reading Gravity opens fastest EV charger in US to public in New York City
New Holland launches Project Saksham to provide skill development for youth
In association with SEEDS – Social Empowerment & Economic Development Society, the project aims to create a pool of skilled and certified automotive sales professionals for automotive industry. New Delhi: New Holland, a brand of CNH, has launched project “Saksham”, to train and empower underprivileged youth in rural area. This is aligned with the National… Continue reading New Holland launches Project Saksham to provide skill development for youth
Maha relief: State to get intelligent traffic system to curb crashes on highways
While the highways have been selected due to their high traffic density and crash rates, the ITMS will enhance road safety and reduce violations by leveraging technology. State transport commissioner Vivek Bhimanwar on Sunday announced that the government has floated six tenders to equip state highways covering over 2,900 km roads including 840 km with… Continue reading Maha relief: State to get intelligent traffic system to curb crashes on highways
Tata Motors to demerge businesses into two separate listed companies
Updated On Mar 4, 2024 at 04:46 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Over the past few years, the CV, Passenger Vehicles (PV+EV), and JLR businesses of Tata Motors have delivered a strong performance by successfully implementing distinct strategies. New Delhi: The Board of Directors of Tata Motors Limited… Continue reading Tata Motors to demerge businesses into two separate listed companies
Police plan road-safety drive to remind bikers about blind spots, traffic rules
Cops have now planned a drive to teach bikers how to identify and avoid blind spots of the drivers of large vehicles. The police are also asking two-wheeler riders not to overtake vehicles recklessly. A day after a 30-year-old woman returning from a wedding was run over by a truck in New Town, cops have… Continue reading Police plan road-safety drive to remind bikers about blind spots, traffic rules