Tau said Indian and Chinese investors are exploring opportunities to collaborate with existing automakers in South Africa. India’s automobile industry is deepening its footprint in South Africa, with several companies planning to upgrade their existing assembly lines into full-fledged manufacturing facilities and set up new plants, as part of a broader effort to strengthen local… Continue reading Indian automakers gear up for manufacturing expansion in South Africa
Author: Economic Times of India Online News
Himachal Cabinet gives nod to convert fossil fuel taxis into e-vehicles
The Cabinet accorded approval to carry out amendments in Himachal Pradesh Town and Country Planning Rules, 2014, with reference to Scheme for Special Assistance to the States for Capital Investment for 2025-26. The Himachal Pradesh Cabinet, presided over by Chief Minister Sukhvinder Singh Sukhu on Saturday decided to allow the Transport Department to issue necessary… Continue reading Himachal Cabinet gives nod to convert fossil fuel taxis into e-vehicles
30,000 buses in Telangana owe over ₹10 crore in unpaid challans
The most common offences include overspeeding, reckless driving, signal jumping, wrong parking, and driving through ‘no entry’ zones. Over 30,000 private buses operating in and out of Telangana have nearly 90,000 pending challans for various traffic violations, according to official traffic police records. Data accessed by TOI from the Hyderabad, Cyberabad, and Rachakonda traffic police… Continue reading 30,000 buses in Telangana owe over ₹10 crore in unpaid challans
Centre’s green policies hit by power tariff hike: Sardesai
Sardesai said that the move will directly hit electric vehicle (EV) owners who charge their vehicles at night. The Goa Forward Party (GFP) on Saturday criticised the Goa electricity department’s proposal to increase the nighttime power tariffs by 20per cent. GFP President Vijai Sardesai said that such a move is not only counterproductive to the… Continue reading Centre’s green policies hit by power tariff hike: Sardesai
Nashik RTO logs slight rise in vehicle registrations during Diwali
In terms of vehicle types, two-wheelers saw an increase from 2,090 last Diwali to 2,145 this year. The Nashik Regional Transport Office registered 3,679 vehicles during Diwali between Oct 17 and 24, representing a marginal 2 per cent increase compared to last year’s registration of 3,597 vehicles between Oct 28 and Nov 3. Senior officials… Continue reading Nashik RTO logs slight rise in vehicle registrations during Diwali
Uttarakhand to levy green tax on out-of-state vehicles from December
State Additional Transport Commissioner said that ANPR cameras installed along the state’s borders will be used to capture registration details of all incoming vehicles. Uttarakhand will begin collecting a green tax from vehicles entering the state from December as part of efforts to curb pollution, protect the environment, and promote cleanliness, officials said as per… Continue reading Uttarakhand to levy green tax on out-of-state vehicles from December
Motilal Oswal sees Maruti Suzuki, Endurance Technologies as top bets in post-GST auto rebound
Healthy EBITDA margin of 10.4 percent reflects favorable mix and cost discipline. Profit after tax grew two percent year-on-year to ₹37.1 billion, aided by higher other income from forex and commodity hedge gains. The Indian automobile sector has entered a phase of cautious optimism following the Goods and Services Tax (GST) rate cuts that reignited… Continue reading Motilal Oswal sees Maruti Suzuki, Endurance Technologies as top bets in post-GST auto rebound
Brussels to host EU-China talks on rare earth export controls
China produces around 90% of the world’s processed rare earths and rare earth magnets. European Union and Chinese officials will meet in Brussels next week looking to smooth trade tensions, notably China’s expansion of controls on rare earth exports that threaten to damage important EU manufacturing sectors such as the automotive industry. European Trade Commissioner… Continue reading Brussels to host EU-China talks on rare earth export controls
Improving demand, falling stocks propel China lithium to a two-month high
Robust growth in the electric vehicles sector underpinned demand for the battery material. Lithium carbonate futures prices in China hit a two-month high on Friday, boosted by falling stocks and improving demand from the electric vehicle and energy storage sectors, analysts said. The most active lithium carbonate futures contract on the Guangzhou Futures Exchange touched… Continue reading Improving demand, falling stocks propel China lithium to a two-month high
7,000 vehicles fined in three weeks for illegal parking in Gurgaon
According to the police, the first-time violator is fined ₹500 and the second-time offender is fined ₹1,500, following which the vehicle can be impounded in case of repeated offences. Traffic police identified 7,035 vehicles parked in the wrong spots between Oct 1 and Oct 23 and issued challans under the Motor Vehicles Act. Fines amounting… Continue reading 7,000 vehicles fined in three weeks for illegal parking in Gurgaon