The partnership between SiMa.ai and TRUMPF marks a significant step in the evolution of industrial laser technology, driven by the integration of advanced AI capabilities. SiMa.ai and TRUMPF have announced a strategic partnership to develop AI-powered laser systems for welding, cutting, marking, and 3D printing. The aim is to integrate AI technology into TRUMPF’s laser… Continue reading SiMa.ai and TRUMPF announce strategic partnership for AI-powered lasers
Author: Economic Times of India Online News
Bajaj Auto records 18% increase in profit for Q1 2024
Export sales increased by 7% to 4,11,435 units, compared to 3,85,851 units in the April-June quarter of the last fiscal year. Bajaj Auto reported an 18% increase in its consolidated profit after tax, reaching INR 1,942 crore for the first quarter ending June 30, 2024, driven by robust sales in both domestic and export markets.… Continue reading Bajaj Auto records 18% increase in profit for Q1 2024
India automotive industry on cusp of transformation, stands to gain from embracing e-mobility, says HD Kumaraswamy
HD Kumaraswamy New Delhi: Union Minister of Heavy Industries HD Kumaraswamy has highlighted the transformative potential of the Indian automotive industry and said the country stands to gain significantly from embracing electric mobility. “The Indian automotive industry is at the cusp of a transformative era,” he said, speaking as the chief guest at the Society… Continue reading India automotive industry on cusp of transformation, stands to gain from embracing e-mobility, says HD Kumaraswamy
Sanjeev Prasad on how to play new themes of manufacturing, EVs & energy transition?
Sanjeev Prasad, Kotak Institutional Equities. “When raw material prices stabilized, companies maintained their prices, leading to significant improvements in margins and profitability across various sectors. This trend is particularly notable in the automobile sector, consumer goods, and capital goods companies,” says Sanjeev Prasad, Kotak Institutional Equities. Could you give us an example, just for the… Continue reading Sanjeev Prasad on how to play new themes of manufacturing, EVs & energy transition?
‘Create separate fund for accident victims of non-insured vehicles’
There is an urgent need to work in a coordinated manner to improve the scenario of road safety by bringing all stakeholders from all levels of governance, he added. New Delhi: Supreme Court-appointed amicus curiae for motor accident compensation claims Justice J R Midha on Monday pitched for a separate fund to compensate accident victims… Continue reading ‘Create separate fund for accident victims of non-insured vehicles’
China says appealing US electric vehicle subsidises before WTO
The European Union (EU) also imposed up to 38% additional customs duties on imports of Chinese electric cars in July, the prices of which Brussels considers to be artificially low as a result of state subsidies. China has appealed against subsidies granted to the US electric vehicle industry under President Joe Biden’s green plan, accusing… Continue reading China says appealing US electric vehicle subsidises before WTO
TotalEnergies, SSE to launch EV charging company in UK and Ireland
TotalEnergies declined to give an amount of the total investment, but said rates today for rolling out 3,000 fast- charge points, which use direct current electricity, was on the order of 300 million euros. French oil major TotalEnergies and UK power firm SSE are seeking to grab a 20% share of the electric vehicle (EV)… Continue reading TotalEnergies, SSE to launch EV charging company in UK and Ireland
Premiumisation in India’s consumption continues unabated in first half of 2024
Sales of these vehicles grew at more than twice the rate of the overall industry – by 13% to nearly a million units in this period. The premiumisation story in consumption has continued unabated in the first half of calendar 2024, as per latest data from companies and researchers. This is even when there is… Continue reading Premiumisation in India’s consumption continues unabated in first half of 2024
Indian Oil Corp receives two bids for green hydrogen plant amid scrutiny and industry concerns
“The tender was extended a number of times to facilitate bidding,” the refiner said in response to queries. Indian Oil Corp (IOC) received just two bids to build the country’s first green hydrogen plant at its Panipat refinery in Haryana, said two industry executives aware of the development. This is in response to the second… Continue reading Indian Oil Corp receives two bids for green hydrogen plant amid scrutiny and industry concerns
Sweden to abstain in vote on EU tariffs on China EVs
The first vote is not binding and will be followed by a final vote after which the European Commission’s tariff proposal will be adopted unless there is qualified majority against it. Sweden will abstain in Monday’s vote by European Union member states on imposing provisional tariffs on Chinese electric vehicles, Johan Forssell, Minister for International… Continue reading Sweden to abstain in vote on EU tariffs on China EVs