The body also flagged unclear insurance policies for retrofitted EVs and low consumer awareness about EV financing as additional barriers. A UK electric vehicles delegation, comprising six innovative SMEs specialising in fleet telematics, battery energy storage systems, AI, IoT-based cybersecurity and modular decentralised generators, visited Kolkata on Tuesday to explore opportunities in India. The delegation,… Continue reading Kolkata hosts UK EV delegation on clean transport mission
Author: Economic Times of India Online News
Trump’s steel tariffs prompt swift retaliation from Canada and Europe
President Donald Trump’s increased tariffs on all US steel and aluminum imports took effect Wednesday, ratcheting up a global trade war and drawing swift retaliation from Canada and Europe. Trump’s action to bulk up protections for American steel and aluminum producers restores effective tariffs of 25 per cent on all imports of the metals and… Continue reading Trump’s steel tariffs prompt swift retaliation from Canada and Europe
US steel tariffs unlikely to hit Indian industry hard, says official
The 25 per cent tariffs imposed by the US on its steel and aluminium imports are unlikely to significantly impact the Indian steel industry, said a senior steel ministry official. These tariffs come into effect from Wednesday. “India exports less than 100,000 tonnes of steel to the US, so the Indian steel industry won’t be… Continue reading US steel tariffs unlikely to hit Indian industry hard, says official
Mitsubishi Chemical plans to join supply chain link in semiconductor, EV sectors in India
Chikumoto said that the new management plan of the Mitsubishi Chemical Group is to focus on carbon neutralising and green technologies. Mitsubishi Chemical Group of Japan has evinced interest in entering the supply chain link in the semiconductor and electric vehicles sectors in India. There are plans to set up a project catering to the… Continue reading Mitsubishi Chemical plans to join supply chain link in semiconductor, EV sectors in India
PV domestic dispatches up 1.9% at 3.78 lakh units in February: SIAM
BMW, Mercedes, JLR & Volvo Auto data are not available. Tata Motors domestic sales data included only in ‘Total PV’. Without Tata Motors, ‘Total PV’ would be 3,31,254 for February 2025. The Society of Indian Automobile Manufacturers (SIAM) has released its data for February 2025, highlighting mixed performances across different automotive segments in both domestic… Continue reading PV domestic dispatches up 1.9% at 3.78 lakh units in February: SIAM
India well placed to tackle US tariffs; mulling to start infra investing here: Blackstone
None of the officials gave a timeline for a start of the two new ventures announced by the global chairman. Blackstone chairman Stephen A Schwarzman on Wednesday said India is well placed to tackle the impact of US tariffs and also announced that the private equity giant will be starting its infra investing and credit… Continue reading India well placed to tackle US tariffs; mulling to start infra investing here: Blackstone
Vedanta promoters to maintain 50% stake in each of demerged entities: Anil Agarwal
Vedanta Resources held a 56.38% stake in Vedanta Ltd at the end of the December quarter. Vedanta Ltd‘s promoters will maintain over 50% stake in each of its demerged entities, as the focus remains on creating pure-play companies which will be better placed to capitalise opportunities, the group’s chairman said. The mining conglomerate is looking… Continue reading Vedanta promoters to maintain 50% stake in each of demerged entities: Anil Agarwal
Trump’s trade tariffs add another level of uncertainty to LNG market: Tom Summers
Summers defended Shell’s India terminal’s underutilisation, saying global utilisation average is probably 50% or less. US President Donald Trump’s move to impose trade tariffs have added “another level of uncertainty” to the liquefied natural gas (LNG) market, a senior Shell LNG marketing executive said, adding that LNG trade will find ways to adapt to logistical… Continue reading Trump’s trade tariffs add another level of uncertainty to LNG market: Tom Summers
CII Northern Region appoints Sunjay Kapur as chairman
The Confederation of Indian Industry (CII) Northern Region has announced new office bearers for 2025-26 at its annual regional meeting held in New Delhi. Sunjay Kapur, chairman, Sona Comstar, has been elected as chairman, while Puneet Kaura, managing director and chief executive officer, Samtel Avionics, will serve as the deputy chairman. Sunjay Kapur, chairman, CII… Continue reading CII Northern Region appoints Sunjay Kapur as chairman
Montra Electric expands EV footprint with new e-SCV plant in Chennai
The facility, spread across approximately 5 lakh square feet, has an annual production capacity of 50,000 vehicles. Montra Electric’s e-SCV division, TIVOLT Electric Vehicles has inaugurated its dedicated manufacturing plant for electric small commercial vehicles (e-SCV) in Ponneri, Chennai. The plant will primarily manufacture Eviator, Montra Electric’s latest product in the e-SCV segment. The facility,… Continue reading Montra Electric expands EV footprint with new e-SCV plant in Chennai