Updated On Jun 11, 2024 at 01:37 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals In May 2024, Passenger Vehicle sales were at 3,47,492 units, Three-wheelers 55,763 units, and Two-wheelers 16,20,084 units. New Delhi: The total production of Passenger Vehicles, Three Wheelers, Two Wheelers, and Quadricycle in May 2024 was 19,76,674… Continue reading Passenger Vehicle May sales observes 4.2% Y-o-Y growth with 3,00,795 units, says SIAM
Author: Economic Times of India Online News
Plan In Works For EVs Selling Stored Power Back To Grid
Another official added that the project will also demonstrate how EVs can participate in the power market by storing electricity when prices are low and selling it back during peak hours. New Delhi: To comply with the power department’s directive to find ways to reduce carbon emissions, the power distribution companies (discoms) will explore a… Continue reading Plan In Works For EVs Selling Stored Power Back To Grid
Nitin Gadkari- a go-getter and man behind India’s mega push to road infrastructure
Gadkari is credited with the construction of more than 90,000 km of national highways and 30,000 km of new roads in the country in the last 10 years. Senior BJP leader Nitin Gadkari, popularly referred as the ‘Highway Man of India‘, is known to be a go-getter in whatever work he undertakes. The 67-year-old leader… Continue reading Nitin Gadkari- a go-getter and man behind India’s mega push to road infrastructure
India has huge potential to be a manufacturing hub in tune with global growth: Veena Lakkundi, Rockwell Automation
Veena Lakkundi, senior vice president, strategy & corporate development, Rockwell Automation In a recent interview Veena Lakkundi, Senior Vice President, Corporate Strategy & Development of Rockwell Automation provided insights into the current state and future growth opportunities in global manufacturing. She highlighted North America’s significant growth due to domestic incentives and investments, especially in semiconductors.… Continue reading India has huge potential to be a manufacturing hub in tune with global growth: Veena Lakkundi, Rockwell Automation
JSW Steel production declines in May due to maintenance shutdown
Over the last three decades, JSW Steel has grown from a single manufacturing unit to become India’s leading integrated steel company with a capacity of 29.7 million tonne per annum in India and the US. JSW Steel reported a 4% decline in its crude steel production in May at 20.98 lakh tonnes, the company informed… Continue reading JSW Steel production declines in May due to maintenance shutdown
European nations compete for Chinese EV factories, jobs even as EU weighs tariffs
Hungary has spent more than USD 1 billion in recent years to support new battery plants of South Korean groups SK On and Samsung SDI and Chinese battery giant CATL’s planned factory. European governments may be wary of budget Chinese electric vehicles flooding their markets but they’re also fiercely competing for a share of the… Continue reading European nations compete for Chinese EV factories, jobs even as EU weighs tariffs
Rupee declines tracking Asian peers, forward premiums drop
The dollar index was up 0.2% at 105.3, adding to Friday’s gains, while the Korean won led losses in Asian currencies with a 0.9% fall. The Indian rupee weakened on Monday tracking its Asian peers amid a pullback in hopes of policy easing by the U.S. Federal Reserve, which also prompted a decline in dollar-rupee… Continue reading Rupee declines tracking Asian peers, forward premiums drop
Expo Centre Sharjah signs agreement to launch Middle East Electric Vehicle Show 2025
Updated On Jun 10, 2024 at 08:21 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Under the agreement, both parties will work towards the success of the exhibition, introducing the regional audience to the latest innovations in the world of electric vehicles (EVs) from various brands and manufacturers. Expo Centre Sharjah… Continue reading Expo Centre Sharjah signs agreement to launch Middle East Electric Vehicle Show 2025
Norway wealth fund to vote against Musk’s USD 56 billion Tesla pay package
In 2018, the fund had voted against the package. Norway’s USD 1.7 trillion sovereign wealth fund said on Saturday it will vote against ratifying Tesla CEO Elon Musk‘s USD 56 billion pay package, which is up for a shareholder vote next week, after a Delaware judge invalidated it earlier this year. The fund is Tesla‘s… Continue reading Norway wealth fund to vote against Musk’s USD 56 billion Tesla pay package
ASDC and CBSE Introduce National Automobile Olympiad 2024 to Engage Students in Automotive Industry
The NAO 2024 is tailored for students from classes 6 to 12 across all educational boards, aiming to ignite interest and deepen understanding about India’s flourishing automotive landscape. In a bid to spark curiosity and nurture an appreciation for the automotive sector among young learners, the Automotive Skills Development Council (ASDC) has joined forces with… Continue reading ASDC and CBSE Introduce National Automobile Olympiad 2024 to Engage Students in Automotive Industry