With ongoing innovation, supportive policies, and a commitment to cleaner mobility, electric vehicles are poised to reshape the way we commute and contribute to a more sustainable and resilient transportation ecosystem. Electric vehicles (EVs) are sparking a revolution in India’s automotive industry, captivating environmentally conscious consumers and driving a shift towards sustainable transportation. While petrol… Continue reading BM Drive: The Electrifying Boom of Electric Vehicles in India
Author: Economic Times of India Online News
EV sales declining globally even as Indian market witnessing growth
Sales decreased 15.2% from Q4 2023 but increased 2.6% year over year in Q1. Last quarter’s gain was significantly less than that of the prior two years, as the as the research company cited above noted. New Delhi: The growth rate of sales of electric vehicles is slowing worldwide, as noted by Goldman Sachs, an… Continue reading EV sales declining globally even as Indian market witnessing growth
Lower shipments of iron & steel dragged down engineering exports in April by 3.2%
India’s total engineering goods exports in the financial year ended March 2024 had risen marginally to USD 109.32 billion from USD 107.04 billion in FY2022-23 despite numerous challenges. New Delhi: After experiencing steady growth in the last four months, India’s engineering exports declined in April 2024 by 3.2% to USD 8.67 billion primarily due to… Continue reading Lower shipments of iron & steel dragged down engineering exports in April by 3.2%
European automakers need time, not tariffs, to fend off China competition
Stellantis CEO Carlos Tavares said carmakers “don’t have much time” to adjust their businesses and depended on the removal of “regulatory chaos and the bureaucracies that we have in our backyard”. Europe’s car giants won’t have much time to restructure their operations and product lines to compete with ascendant Chinese automakers, and stiffer tariffs will… Continue reading European automakers need time, not tariffs, to fend off China competition
Rupee touches six-week high on likely dollar inflows; forward premiums decline
Dollar sales from foreign banks, likely on behalf of custodian clients, aided the rupee, a foreign exchange trader at a state-run bank said. The Indian rupee gained to the highest in six weeks in early trading on Friday, aided by equity-related inflows even as most Asian currencies declined amid a rise in U.S. bond yields.… Continue reading Rupee touches six-week high on likely dollar inflows; forward premiums decline
Audio Interview | China Business: US Tariffs and EU Challenges
Dan Harris is Founder and Partner, Harris Sliwoski, a leading international law firm. In the 17-minute Audio Interview, Mr. Harris discusses these questions: Is China becoming a riskier country in which to do business, or to do business with? Okay, but didn’t President Biden talk about how the tariffs at least were meant to be… Continue reading Audio Interview | China Business: US Tariffs and EU Challenges
US says tariff increases on Chinese EVs, batteries and chips to start Aug. 1
Tai said Wednesday the formal notice is an important step in making “substantial tariff increases on targeted, strategic products.” Some of the steep U.S. tariff increases on an array of Chinese imports, including electric vehicles and their batteries, computer chips and medical products, will take effect on Aug. 1, the U.S. Trade Representative‘s office said… Continue reading US says tariff increases on Chinese EVs, batteries and chips to start Aug. 1
Experts optimistic about roads and highways sector; expect INR 3 lakh crore boost
“The idea behind bringing in revised norms for BOT projects was to increase the level of private participation in the sector and keep NHAI’s debt level in check,” Rishabh Jain, Associate Director, India Ratings & Research said. New Delhi: Industry experts are optimistic about the roads and highways sector and expect nearly INR 3 lakh… Continue reading Experts optimistic about roads and highways sector; expect INR 3 lakh crore boost
MG India to deliver 3000 EVs for Vertelo fleet
Gaurav Gupta, Chief Growth Officer, MG India & Sandeep Gambhir, Chief Executive Officer, Vertelo New Delhi: MG (Morris Garages), a British automobile brand with a 100-year-old legacy, has signed an MoU with Vertelo, a Macquarie-managed integrated fleet electrification platform, funded by Green Climate Fund. The partnership includes the delivery of 3,000 MG electric vehicles to… Continue reading MG India to deliver 3000 EVs for Vertelo fleet
Revenue of Bengaluru Metro increased despite implementing Shakthi scheme: Karnataka Transport Minister to PM Modi
The Minister said that there has been an increase of 35 lakh metro passengers per month in 2024 compared to 2023, and revenue has increased by INR 1.10 crore per month. Following Prime Minister Narendra Modi’s comment that allowing free travel to women in non-luxury government buses would adversely affect the revenues of Metro Rail,… Continue reading Revenue of Bengaluru Metro increased despite implementing Shakthi scheme: Karnataka Transport Minister to PM Modi