The repayment term extension also comes as Chinas auto market is on track for its worst year since 2020. Automakers in China are extending repayment terms for customers to as long as eight years to woo consumers amid stagnant demand in the world’s largest auto market. Nissan’s joint venture with Dongfeng joined at least 10… Continue reading Automakers in China roll-out longer-term financing plans to spur demand
Author: Economic Times of India Online News
Drivn secures $80 mn funding from Nomura to scale commercial EV deployment in India
Electric mobility platform Drivn has secured financing commitments of up to $80 million from Japan’s Nomura to support the deployment of electric buses and trucks in India’s inter-city and heavy transport segments. The funding will back Drivn’s Phase 1 rollout plan of nearly 1,000 electric buses and trucks by Q4 FY27, with deployments set to… Continue reading Drivn secures $80 mn funding from Nomura to scale commercial EV deployment in India
Union Budget rail, EV push to reduce Delhi pollution: Manjinder Sirsa
This Union Budget marks a new phase in the countrys economic journey and reflects a farsighted vision to achieve Viksit Bharat 2047. Investments in high-speed rail corridors and promotion of electric vehicles announced in the Union Budget will play a key role in reducing pollution in the national capital while strengthening connectivity and infrastructure, Delhi… Continue reading Union Budget rail, EV push to reduce Delhi pollution: Manjinder Sirsa
India-EU trade deal could hit Nashik’s auto hub
Waje requested govt to consider PLI schemes for the wine and automobile sectors, technological upgradation to provide an advantage to the industries. MP Rajabhau Waje has expressed concerns over the proposed trade agreement between India and the European Union (EU), claiming it could adversely affect wine and automobile industries in India in general, and Nashik… Continue reading India-EU trade deal could hit Nashik’s auto hub
US tariffs continue to hit Indian steel, aluminium exports
Indias exports of these metals to the US were around $5 billion in FY25. India’s steel, aluminium, and copper sectors will continue to face steep US tariffs, as these strategic metals remain subject to US’ Sec 232 provisions tied to national security. While the reciprocal tariff on Indian goods has been reduced from 25% to… Continue reading US tariffs continue to hit Indian steel, aluminium exports
Budget push to fast-track Delhi’s infrastructure, roads get major boost
The Budget reflects a project-centric approach that prioritises roads, public services and economic stability while strengthening global confidence in India. Major infrastructure and welfare projects aimed at accelerating Delhi’s development are set to gain momentum under this Union Budget because of enhanced central support, faster execution and a long-term vision for nation building, Delhi minister… Continue reading Budget push to fast-track Delhi’s infrastructure, roads get major boost
Critical minerals EU plans to join hands with US to counter China
The memorandum suggests the EU and US explore joint critical-mineral projects and price support mechanisms. The European Union will pitch the US on a critical minerals partnership to curb China‘s influence, looking to shape the Trump administration‘s push to strike global agreements this week. The EU is prepared to sign a memorandum of understanding with… Continue reading Critical minerals EU plans to join hands with US to counter China
Future rapid rails can be modelled on Namo Bharat: Deutsche Bahn
According to Warbanoff, early integration of operators can improve long-term system performance, safety and passenger experience. Transport system operators in India should be integrated at the infrastructure development stage, especially in metro projects, a top executive at Germany’s national railway company Deutsche Bahn (DB) said. Speaking to ET, DB E.C.O Group and DB International Operations… Continue reading Future rapid rails can be modelled on Namo Bharat: Deutsche Bahn
Smaller steel players oppose mining area limit removal
The government is proposing a change in the Mines and Minerals (Development and Regulation) Act, 1957, for which it has put out a public consultation letter at the start of the year. A group of smaller steel players and associations are opposing the Centre’s proposal to remove the statutory area limits on the acquisition of… Continue reading Smaller steel players oppose mining area limit removal
South Korea’s Bitsensing launches driver-assistance system as fleets seek safety upgrades
The company has begun rolling out the system in South Korea through a pilot with Koreawide Express Group, installing the kit on its intercity and city buses, with a contract covering more than 500 buses. Bitsensing has launched an advanced driver-assistance system kit for buses and trucks, the South Korean radar startup said on Tuesday,… Continue reading South Korea’s Bitsensing launches driver-assistance system as fleets seek safety upgrades