Two-wheelers, tractors to surge with 14% and 10% CAGR through FY27: Jefferies report New Delhi: Domestic auto sector is poised for strong growth, particularly in the two-wheeler (2W) and tractor segments. Over FY24-27 (estimated), these two segments are expected to outpace the broader industry with compound annual growth rates (CAGR) of 14 % and 10… Continue reading Two-wheelers, tractors to surge with 14% and 10% CAGR through FY27: Jefferies report
Author: Economic Times of India Online News
Chrysler-parent Stellantis recalls 1.46 million vehicles worldwide
Chrysler parent Stellantis is recalling 1.46 million vehicles worldwide. Chrysler parent Stellantis said Saturday it is recalling 1.46 million vehicles worldwide due to a software malfunction in the anti-lock brake system that can increase the risk of a crash. The recall includes nearly 1.23 million Ram 1500 trucks from the 2019 and 2021-2024 model years… Continue reading Chrysler-parent Stellantis recalls 1.46 million vehicles worldwide
How AQI-like index may reduce vehicle pollution
Delhi Technological University (DTU) has conducted research on vehicle pollution. Delhi Technological University (DTU) has conducted research on vehicle pollution by testing over 2,000 private diesel and petrol vehicles and has recommended incorporating of a car’s mileage and maintenance with its overall emission health. The study stated that during the maintenance of cars, three major… Continue reading How AQI-like index may reduce vehicle pollution
Europe pauses EV shift as pricey models put off buyers
Volkswagen and Volvo this week scaled back grand ambitions to challenge Tesla and new Chinese rivals. Europe is stalling for time in the electric-car race as the region’s automakers struggle with the transition and politicians become wary of fuelling voter frustrations.Volkswagen and Volvo this week scaled back grand ambitions to challenge Tesla and new Chinese… Continue reading Europe pauses EV shift as pricey models put off buyers
China requests consultations with Canada at WTO over tariffs
Beijing on Tuesday announced it planned to start an anti-dumping investigation. China said on Friday it had requested talks with Canada at the World Trade Organization on tariffs Ottawa has imposed on its electric vehicles as well as steel and aluminum goods, the same week Beijing announced plans to probe Canadian canola imports. Beijing on… Continue reading China requests consultations with Canada at WTO over tariffs
Allow natural growth of India’s e-vehicle sector to avoid becoming ‘EV colony’ for China: GTRI
The GTRI suggested that India should focus on capturing leadership in the next phase of EVs. New Delhi : The government should allow the domestic electric vehicle sector to grow naturally without relying on incentives as it would avoid India becoming an ‘EV colony’ for China, think tank GTRI said on Friday. India faces unique… Continue reading Allow natural growth of India’s e-vehicle sector to avoid becoming ‘EV colony’ for China: GTRI
Volkswagen’s German battery plant to stay at half capacity amid cost pressures
Volkswagen’s PowerCo battery subsidiary to initially build only one production line at its Salzgitter plant in Germany. Volkswagen‘s PowerCo battery subsidiary will build just one of two planned production lines at its Salzgitter plant in Germany for now, its works council said, as the sector adjusts to slowing demand for electric vehicles. Group technology chief… Continue reading Volkswagen’s German battery plant to stay at half capacity amid cost pressures
Stellantis to invest USD 385 mn in Argentine plant
Stellantis to invest USD 385 million in its plant in the province of Cordoba, Argentina. Automaker Stellantis will invest USD 385 million in its plant in the province of Cordoba, Argentina, between 2025 and 2030, the firm’s South America head Emanuele Cappellano said on Thursday. The amount, part of the 5.6 billion euros ( USD… Continue reading Stellantis to invest USD 385 mn in Argentine plant
China’s Xi promises USD 50 billion for Africa over next three years
Xi Jinping pledged more than USD 50 billion in financing for Africa. Beijing: Chinese leader Xi Jinping pledged on Thursday more than USD 50 billion in financing for Africa over the next three years, promising to deepen cooperation in infrastructure and trade with the continent as he addressed Beijing’s biggest summit since the Covid pandemic.… Continue reading China’s Xi promises USD 50 billion for Africa over next three years
40% vehicles in Bhopal fail to comply with PUC mandate
35% to 40% of vehicles are operating without mandatory PUC checks in Bhopal. Bhopal: In Bhopal, a significant portion of vehicles, ranging from 35% to 40%, continue to operate on the roads without undergoing the mandatory Pollution Under Control (PUC) check. This alarming situation persists despite the presence of 130 PUC centres catering to a… Continue reading 40% vehicles in Bhopal fail to comply with PUC mandate