ABB would join other global businesses across sectors that in recent years have been trimming their portfolio and presence in China. ABB is considering selling part of its E-mobility business, which includes electric-vehicle charging stations worldwide as well as research and development facilities in China, according to people familiar with the matter. The Swiss firm… Continue reading ABB mulling sale of some electric mobility assets
Author: Economic Times of India Online News
Mahindra Heavy Engines, Two-wheelers and Trringo.com merge with M&M Ltd.
Updated On Jun 7, 2024 at 08:34 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The company clearly states there is no change in shareholding pattern of the company pursuant to the merger as no shares have been issued by the Company in connection with the Scheme. New Delhi: Mahindra and… Continue reading Mahindra Heavy Engines, Two-wheelers and Trringo.com merge with M&M Ltd.
Dr Hanif Qureshi stresses on strategic planning for EV charging infra
Dr Hanif Qureshi, Additional Secretary, MHI (Ministry of Heavy Industries) New Delhi: To accelerate the adoption of EVs (electric vehicles), the ecosystem needs to strategically plan the establishment of charging networks across the country, Dr Hanif Qureshi, Additional Secretary, MHI (Ministry of Heavy Industries) said on Wednesday. As per data sourced from VAHAN and JMK… Continue reading Dr Hanif Qureshi stresses on strategic planning for EV charging infra
Green energy to drive power sector investment, coal to remain significant: Moody’s
Coal-based units will continue to play a key role in power generation despite the huge renewable energy capacity expansion. India’s power sector investments will be driven by renewable energy and transmission projects which will require an investment of USD 340-385 billion to meet the government’s target and associated incremental transmission and storage system, Moody’s Ratings… Continue reading Green energy to drive power sector investment, coal to remain significant: Moody’s
Delhi government set to fast-track EV Policy revisions
Addtionally, government is also expected to expedite work on a revised policy to promote electric vehicles, which will include attractive subsidy features. As the biggest electoral activity is the country is over and the Model Code of Conduct is to be lifted soon, several pending government initiatives and projects in Delhi are now expected to… Continue reading Delhi government set to fast-track EV Policy revisions
India’s steel ministry against import curbs on key raw material
Imports of low ash metallurgical coke by India, the world’s second-biggest crude steel producer, have surged more than 61% over the past four years. India’s ministry of steel is against limiting imports of low ash metallurgical coke, a steelmaking ingredient, according to a source familiar with the matter and a government note, in a potential… Continue reading India’s steel ministry against import curbs on key raw material
Plug-in polluters? How Biden’s emissions rules go soft on hybrid trucks, SUVs
The EPA said in a statement to the new rules provide “significant” pollution reductions that are “achievable and affordable” for automakers and give consumers wide-ranging options. When the Biden administration announced new U.S. auto-emissions regulations in March, it made concessions to industry allowing for a much slower electric-vehicle transition than it had proposed a year… Continue reading Plug-in polluters? How Biden’s emissions rules go soft on hybrid trucks, SUVs
Rupee pressed by equity outflows, supported by soft dollar
The 1-month non-deliverable forwards indicate rupee will open nearly flat from 83.37 in the previous session. On the back of likely intervention by the central bank, the rupee managed a recovery on Thursday. The Indian rupee is expected to open largely unchanged on Thursday amid foreign investors taking money out of equities post the election… Continue reading Rupee pressed by equity outflows, supported by soft dollar
SIAM champions sustainable mobility at "Viksit Bharat" conference on World Environment Day 2024
SIAM is leading the charge towards achieving carbon neutrality by 2070 and advancing the Viksit Bharat initiative by 2047 with several key decarbonisation initiatives. New Delhi: The Society of Indian Automobile Manufacturers (SIAM) hosted an international conference titled “Integrating Mission LiFE in the Automobile Industry: Transitioning Towards Viksit Bharat” in New Delhi, aligning with the… Continue reading SIAM champions sustainable mobility at "Viksit Bharat" conference on World Environment Day 2024
EV sales boom in Nepal, helping to save on oil imports, alleviate smog
EV enthusiasts also include drivers of small public vans who make their living ferrying passengers around the city and beyond. Nepal’s abundant hydroelectric power is helping the Himalayan nation cut its oil imports and clean up its air, thanks to a boom in sales of electric vehicles. Nearly all of the electricity produced in Nepal… Continue reading EV sales boom in Nepal, helping to save on oil imports, alleviate smog