The ministry supported the domestic mobility industry in its move towards sustainable advanced technologies including electrification in line with current global practices with an outlay of INR 2,938 crore,” said Kumaraswamy. New Delhi: The production-linked incentive (PLI) Auto scheme has helped generate more than 30,000 jobs till March this year, the government has said. The… Continue reading PLI Auto scheme helps create over 30,000 jobs: Centre
Author: Economic Times of India Online News
Improvement in driving discipline must before hiking speed limit: Transport secy
Union road transport minister Nitian Gadkari has spoken about increasing the speed limit. Union road transport secretary Anurag Jain said govt is not in favour of increasing the maximum speed limit from the current 100 kmph to 120 kmph on national highways until there is significant improvement in discipline among road users, including drivers. On… Continue reading Improvement in driving discipline must before hiking speed limit: Transport secy
India’s coal production surges by 5.85 %, reaches 411.62 MT so far in FY 2024-25
Coal India Limited (CIL), the major player in the coal sector, has also contributed to this growth. New Delhi [India]: The coal production in the country increased substantially during the fiscal year 2024-25, as per the Ministry of Coal. As per the ministry data on Friday, the production reached a provisional total of 411.62 million… Continue reading India’s coal production surges by 5.85 %, reaches 411.62 MT so far in FY 2024-25
China "disappointed" after EU rejects EV exports proposal
China’s commerce minister Wang Wentao will travel to Brussels next week in a last-ditch effort to stop the tariffs. China said it was “deeply disappointed” on Friday with the European Commission‘s decision to reject a minimum import price proposal aimed at warding off tariffs on Chinese electric vehicles. The European Commission, which leads the EU’s… Continue reading China "disappointed" after EU rejects EV exports proposal
Satellite-based toll system to have factory-fitted unit, phased launch
Updated On Sep 14, 2024 at 08:05 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The installation of OBUs will be checked at the time of registration, re-registration and fitness test. The govt this week set the ball rolling for toll collection based on Global Navigation Satellite System (GNSS) coupled with… Continue reading Satellite-based toll system to have factory-fitted unit, phased launch
Tata Motors to open 10 vehicle scrapping centers within a year
The vehicle scrappage initiative also fits the organisation’s larger goal of circularity, which is part of the Tata Group’s sustainability project. New Delhi: Commercial vehicle (CV) major Tata Motors, which operates five vehicle scrapping centers under its Re.Wi.Re brand, has a target to open 10 more within a year. The already operating centers work on… Continue reading Tata Motors to open 10 vehicle scrapping centers within a year
Steel Min draws up INR 23.52 lakh cr Steel decarbonisation plan
The existing steel plants in India alone are estimated to need USD 283 billion investment to become green. India will need to invest USD 283 billion (approximately INR 23.52 lakh crore) for decarbonising existing local steel production. This along with tapping Energy Efficiency Revolving Funds (EERF) and defining what should be ‘green steel’ are parts… Continue reading Steel Min draws up INR 23.52 lakh cr Steel decarbonisation plan
Ford Pro CEO, who made commercial vehicles more profitable, to retire
Ford Motor’s head of its commercial vehicle business, Ted Cannis, will retire at the end of the month. Ford Motor said on Thursday head of its highly profitable commercial vehicle business unit, Ted Cannis, would retire at the end of the month after more than 35 years with the Detroit automaker. He led Ford Pro… Continue reading Ford Pro CEO, who made commercial vehicles more profitable, to retire
German carmakers most exposed to Chinese counter-tariffs
China’s retaliatory tariffs on European electric vehicles could harm European carmakers, especially German brands. Retaliatory tariffs by China to the European Commission’s proposed additional duties of up to 38.1% on Chinese-made electric vehicles could spell trouble for European carmakers. Industry executives have warned against the tariffs, fearful of counter-tariffs or other measures which could affect… Continue reading German carmakers most exposed to Chinese counter-tariffs
Rajasthan CM holds talks with Japan ministers, seeks investment in various sectors
Rajasthan Chief Minister Bhajan Lal Sharma held talks with Ministers of the Japanese government Rajasthan Chief Minister Bhajan Lal Sharma on Thursday held talks with Ministers of the Japanese government and sought countries continued support in facilitating investments in Rajasthan. This includes holding meetings with Ishii Taku, Parliamentary Vice-Minister of Economy, Trade and Industry (METI)… Continue reading Rajasthan CM holds talks with Japan ministers, seeks investment in various sectors