Major warehousing occupants, including Amazon, Flipkart, Nestle, and Asian Paints, have established their presence in multiple cities such as Jaipur, Lucknow, Coimbatore, Hosur, Nashik, Vadodara and Indore. Tier-II cities, are becoming a new hub for warehouse and industrial park with world-class integrated logistics parks backed by institutional funds being developed in addition to new industrial… Continue reading Demand for warehouse space in tier II cities on the rise : Report
Author: Economic Times of India Online News
Coal India to increase e-vehicles at mines to 681 by FY26
The total target for e-vehicles in FY26 is 681, the minister said. New Delhi: State-owned Coal India Ltd aims to take the total number of e-vehicles at its mines to 681 by FY2025-26 from 178 at present, the government said on Wednesday. Coal and Mines Minister Pralhad Joshi in a written reply to the Lok… Continue reading Coal India to increase e-vehicles at mines to 681 by FY26
US closes probe into 3 mn Hyundai, Kia vehicles over fire risks
NHTSA first opened investigations in 2019 and upgraded them in 2021 after reports of 161 fires from engine failures. U.S. auto safety regulators said on Wednesday they have closed an investigation into engine fire risks in 3 million Hyundai Motor and Kia vehicles. The National Highway Traffic Safety Administration (NHTSA) said it was ending the… Continue reading US closes probe into 3 mn Hyundai, Kia vehicles over fire risks
Around 100 auto dealers likely to showcase vehicles
Ujjain Municipal Corporation had invited bids from traders/dealers and firms for allocating temporary plots for setting up stalls in ‘Ujjaini Vikram trade fair’. Around 100 automobile dealers are expected to display vehicles and launch new products in the month-long Ujjain trade fair to be held between March 1 and April 9. “We have already registered… Continue reading Around 100 auto dealers likely to showcase vehicles
Ford shares surge on dividend boost, lower EV spending
Ford will reduce investments in new EV capacity to align with a decrease in demand, as consumers opt for hybrid vehicles and family SUVs due to price and charging concerns. Ford Motor shares surged 6% in premarket trading on Wednesday after the automaker increased its dividend for the first quarter and decided to scale back… Continue reading Ford shares surge on dividend boost, lower EV spending
Servotech Power signs deal with Adani Total Energies E-Mobility for EV chargers
Servotech Power Systems will oversee the manufacturing, supply, installation and maintenance of EV chargers. New Delhi: Servotech Power Systems Ltd., a leading EV charger manufacturer and charging solutions provider, has signed a contract with Adani Total Energies E-Mobility Ltd. (ATEL) for AC EV chargers. Servotech Power Systems will be responsible for manufacturing, supplying and Installing… Continue reading Servotech Power signs deal with Adani Total Energies E-Mobility for EV chargers
GoMechanic launches extended warranty program ‘Protect Plus’
The user-friendly approach aims to elevate the overall customer experience, minimizing disruption and maximizing efficiency, the company said New Delhi: Car servicing solutions provider, GoMechanic has announced the launch of GoMechanic Protect Plus, an extended warranty program in its effort to ‘redefine the car repair landscape.’ Protect Plus, the company said, represents a significant leap… Continue reading GoMechanic launches extended warranty program ‘Protect Plus’
Yuma Energy completes 10 m battery swaps in a year
Yuma’s rapid growth makes it one of India’s largest and fastest-growing BaaS networks. New Delhi: Yuma Energy, the technology-powered battery-as-a-service (BaaS) company founded as a joint venture between Magna and Yulu, has completed 10 million battery swaps. Yuma’s rapid growth makes it one of India’s largest and fastest-growing BaaS networks. With 125-plus Yuma stations clocking… Continue reading Yuma Energy completes 10 m battery swaps in a year
F MEC partners with Finayo to disburse INR 25 crore for EV trade financing.
The fund’s disbursement will follow a strategic roadmap with INR 10 crore and INR 15 crore-20 crore allocated for the first and second year respectively. New Delhi: F MEC International Financial Services Limite, a RBI-registered NBFC, has partnered with AI-powered SaaS technology green mobility lending platform, Finayo, to disburse INR 25 crore within the next… Continue reading F MEC partners with Finayo to disburse INR 25 crore for EV trade financing.
Business levers sound, cost scenario looking steady: Rakesh Sharma, Bajaj Auto
I would say that the most heartening thing is that after a nice season, usually you have a fall-off in December at least in 2Ws and 3Ws, but we did not witness that kind of a fall-off in December. “The business was really carried forward through the revival, first of all, in the domestic market… Continue reading Business levers sound, cost scenario looking steady: Rakesh Sharma, Bajaj Auto