Raushan Kumar OPG Mobility, formerly known as Okaya EV, has expanded its leadership team with the appointment of Raushan Kumar as Executive Vice President and Sales Head for Solar System Solutions at Mtekpower, Sandeep Mathur as Vice President and Sales Head for Inverter & Battery Businesses at Mtekpower, and Amit Kumar Gupta as Associate Vice… Continue reading OPG Mobility rejigs management to boost EV expansion
Author: Economic Times of India Online News
Maharashtra to pay ₹500 crore to private firm for closure of 22 RTO checkposts
In September 2021, the Ministry of Road Transport and Highways wrote a letter to Maharashtra and other states, saying there was no need anymore for regular check posts at the state borders after introduction of GST in July 2017. State govt would first have to pay ₹504 crore as compensation to a private company before… Continue reading Maharashtra to pay ₹500 crore to private firm for closure of 22 RTO checkposts
India gifts 15 EVs to Nepal, facilitating effective organization of Sagarmatha Sambad
These vehicles are being handed over at the request of the Government of Nepal and would prove to be useful in further augmenting the logistical arrangements for conducting the Sambaad. As a significant gesture of friendship and goodwill, Ambassador of India to Nepal, Naveen Srivastava, handed over 15 electric vehicles to the Minister of Foreign… Continue reading India gifts 15 EVs to Nepal, facilitating effective organization of Sagarmatha Sambad
India-UK FTA: Vehicle quota set by engine capacity and price
For ICE vehicles, the quota bands will be based on engine capacity, while for electric vehicles, the bands will be based on price. Certain types of cars will not be included in the agreement. A senior government official has said that the India-United Kingdom Free Trade Agreement (FTA) will feature quota bands for automobiles based… Continue reading India-UK FTA: Vehicle quota set by engine capacity and price
UP announces new parking charges, mgmt rules for cities
The minimum rates have been reserved for two-wheelers and four-wheelers; however, in congested locations such as Hazratganj in Lucknow or Civil Lines in Prayagraj, a higher amount could be charged as renting space is expensive in prime localities. The state govt on Tuesday announced the new parking charges that will be applicable to vehicle owners… Continue reading UP announces new parking charges, mgmt rules for cities
Detroit three automakers blast Trump UK trade deal
Automakers have hoped that Trump would ease vehicle tariffs. A group representing General Motors, Ford and Stellantis blasted President Donald Trump’s trade deal announced with the United Kingdom, saying it would harm the U.S. auto sector. British carmakers will be given a quota of 100,000 cars a year that can be sent to the United… Continue reading Detroit three automakers blast Trump UK trade deal
Japanese tech company Panasonic cuts 4% of its global workforce as profits falter
Panasonic forecast that its profit will improve by at least 150 billion yen ($1 billion) by the fiscal year through March 2027, and by 300 billion yen ($2.1 billion) by the fiscal year through March 2029. Panasonic will slash its global workforce by 10,000 people, half in Japan and half overseas, to become a more… Continue reading Japanese tech company Panasonic cuts 4% of its global workforce as profits falter
Britain announces 1 bn pound AESC gigafactory funding deal
Japanese carmaker Nissan operates Britain’s largest car manufacturing site in Sunderland. The company announced a major investment in the plant in 2023 to build electric versions of two of its cars. Britain on Friday announced a 1 billion pound ($1.33 billion)funding deal for a new AESC gigafactory which will manufacture electric vehicle batteries. Japanese-headquartered battery… Continue reading Britain announces 1 bn pound AESC gigafactory funding deal
Just 10% of Nagpur vehicles have HSRP as deadline nears
Complaints are rising about fitment centres overcharging and using incorrect fixtures. With just 53 days remaining until the June 30 deadline for High Security Registration Plate (HSRP) installation, compliance in Nagpur remains abysmally low. Of the 13.27 lakh vehicles registered before April 1, 2019, across the city’s two RTO zones, only 10.3% completed the mandatory… Continue reading Just 10% of Nagpur vehicles have HSRP as deadline nears
Domestic hydrogen manufacturers seek purchase obligation to prevent assets from stranding
According to the industry body, without HPOs and Demand Support, planned hydrogen plants and supply projects risk becoming stranded assets. Representatives from India’s Hydrogen manufacturers have requested the centre to introduce Hydrogen Purchase Obligations (HPOs) and Demand Side support for Refineries and Ammonia Plants. A similar approach was adopted for promoting solar and wind energy… Continue reading Domestic hydrogen manufacturers seek purchase obligation to prevent assets from stranding