U.S. House of Representatives has narrowly approved a bill to tighten rules on Chinese content in vehicles. The U.S. House of Representatives narrowly voted on Thursday to approve legislation to tighten rules limiting Chinese content in vehicles qualifying for U.S. electric vehicle tax credits. The House voted 217 to 192 to approve the bill, which… Continue reading US House passes bill targeting China that would limit EV tax credits
Author: Economic Times of India Online News
Volkswagen, IG Metall union to start talks about new labour deal a month early
Volkswagen and union IG Metall to start talks at the end of September over a new labour agreement for six of its German plants. Volkswagen and union IG Metall will start talks at the end of September over a new labour agreement for six of its German plants after a job security scheme was cancelled… Continue reading Volkswagen, IG Metall union to start talks about new labour deal a month early
Officials say regular checks will ensure better compliance in PM E-DRIVE
Centre will conduct bi-annual inspections to ensure companies getting subsidies under PM E-DRIVE scheme. The centre will conduct bi-annual inspections to ensure companies getting subsidies under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme are complying with localisation norms. This Rs 10,900 crore flagship scheme for promoting clean mobility under the… Continue reading Officials say regular checks will ensure better compliance in PM E-DRIVE
Domestic steel consumption to see 9-10 % growth in FY25: ICRA
The steel sector is going through the fastest period of growth witnessed since the global financial crisis. Domestic steel consumption is likely to witness 9-10% growth this financial year, rating agency ICRA said on Thursday. The demand for steel was robust in the first quarter of the ongoing financial year with consumption growing at a… Continue reading Domestic steel consumption to see 9-10 % growth in FY25: ICRA
Get 50% of traffic challan waived if you pay in 90 days
This provision aims to encourage citizens to clear their traffic fines promptly. Delhi transport minister Kailash Gahlot on Wednesday said govt has decided to compound certain traffic offences at 50% of the challan amount under specific sections of the Motor Vehicles Act. According to the proposal, someone can get a discount of 50% if challans… Continue reading Get 50% of traffic challan waived if you pay in 90 days
Chinese vehicle sales continue to decline for third consecutive month
Vehicle sales dropped for the third consecutive month in August. Like the real estate market, China‘s automotive sector is experiencing a significant revenue decline. Vehicle sales dropped for the third consecutive month in August, reflecting ongoing economic challenges. Data released on Tuesday shows that domestic demand for passenger and family cars has weakened due to… Continue reading Chinese vehicle sales continue to decline for third consecutive month
Indian EV Market projected to grow at over 40% CAGR till 2027: Report
The Indian Electric Vehicle (EV) market is expected to grow in the range of 35-40 per cent CAGR till the year 2027. Mumbai: The Indian Electric Vehicle (EV) market is expected to grow in the range of 35-40 % CAGR till the year 2027, according to a report on Wednesday. The report by Niveshaay, which… Continue reading Indian EV Market projected to grow at over 40% CAGR till 2027: Report
EU business lobby head says ‘enormous waste’ in Chinese EV sector
Overcapacity of Chinese electric vehicles is among the top concerns facing European firms in the country. Overcapacity of Chinese electric vehicles is among the top concerns facing European firms in the country, the president of a business lobby warned Wednesday, decrying “enormous waste” in some key sectors. The world’s number two economy is straining under… Continue reading EU business lobby head says ‘enormous waste’ in Chinese EV sector
Spanish PM urges EU to reconsider tariffs on Chinese EVs
Spanish Prime Minister Pedro Sanchez has urged the European Union to reconsider proposed import tariffs on Chinese-made electric vehicles Spanish Prime Minister Pedro Sanchez said on Wednesday the European Union should reconsider proposed import tariffs on Chinese-made electric vehicles, and urged Brussels and Beijing to find a compromise that avoids a trade war. Sanchez‘s comments… Continue reading Spanish PM urges EU to reconsider tariffs on Chinese EVs
No subsidy for cars, allocation for 2w cut drastically as more emphasis on electric buses, trucks in PM-EDrive
Updated On Sep 11, 2024 at 09:11 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals PM-EDrive scheme has also provided INR 4391 cr for procurement of 14,028 e-buses by state transport undertakings or public transport agencies; trucks have been allocated INR 500 cr. New Delhi: The government has made significant alterations… Continue reading No subsidy for cars, allocation for 2w cut drastically as more emphasis on electric buses, trucks in PM-EDrive