In August, the domestic tractor segment remained flat YoY with volumes coming in 5-6 %.. The domestic passenger vehicle industry volumes declined by low single digit in August 2024 as compared with August 2023, because of weak retail demand trends and higher inventory levels at the dealerships according to Kotak Institutional Equities. The report suggests… Continue reading Auto Industry sales will surge on back of improved monsoon and festive season demands
Author: Economic Times of India Online News
SC directs states to implement provision for electronically monitoring speeding vehicles
Supreme Court directed all the state govts and UTs to immediately take steps to electronically monitor speeding vehicles. New Delhi: In a bid to ensure road discipline on highways and roads, the S. A bench of Justices Abhay S Oka and Augustine George Masih directed Delhi, West Bengal, Maharashtra, Tamil Nadu, Karnataka, and Kerala to… Continue reading SC directs states to implement provision for electronically monitoring speeding vehicles
Fuel Cells: Unlocking Green Hydrogen’s versatile potential
Green hydrogen to be crucial in the global and Indian green energy transition. Green hydrogen (GH2) will be crucial in the global and Indian green energy transition. To realise the true potential of GH2, significant resources must be dedicated to boosting manufacturing capabilities to achieve the “1-1-1 cost target” (USD 1 per 1 Kilogram of… Continue reading Fuel Cells: Unlocking Green Hydrogen’s versatile potential
Delhi transport minister calls gig workers ‘Pradushan Yodha’, exhorts them to adopt EVs
Delhi Transport Minister addresses gig workers at Zomato and Blinkit event; hails delivery partners as ‘Pradushan Yodha’ New Delhi: Delhi Transport Minister Kailash Gahlot on Monday called gig workers of food delivery companies as ‘Pradushan Yodha‘ (warriors against pollution) as he spoke about the importance of electric vehicles. Addressing thousands of delivery partners, commonly known… Continue reading Delhi transport minister calls gig workers ‘Pradushan Yodha’, exhorts them to adopt EVs
Bajaj Auto reports 16% increase in wholesale in Aug
Bajaj Auto on Monday reported a 16% growth. New Delhi: Bajaj Auto on Monday reported a 16% year-on-year growth in its total vehicle wholesales, including exports at 3,97,804 units in August. The Pune-based automaker had sold 3,41,648 vehicles in August 2023, according to a company statement. Total domestic sales (including commercial vehicles) rose 24% at… Continue reading Bajaj Auto reports 16% increase in wholesale in Aug
Stocks tiptoe towards US manufacturing, jobs data
MSCI’s broadest index of Asia-Pacific shares outside Japan ticked 0.1% lower. Japan’s Nikkei rose 0.7% and S&P 500 futures were flat. The dollar has steadied along with U.S. yields as focus turns to Friday. Bond yields drifted higher on Tuesday, while currencies and Asia’s stock markets steadied as investors waited on a raft of data… Continue reading Stocks tiptoe towards US manufacturing, jobs data
Centre to track 100 toll plazas with GIS-based software to ease traffic
Centre announced to track around 100 toll plazas with GIS-based software. New Delhi: The Centre on Monday announced to track around 100 toll plazas with GIS-based software for seamless movement of traffic at national highways. The live monitoring and tracking system at the toll plazas will help to ensure free flow of traffic and a… Continue reading Centre to track 100 toll plazas with GIS-based software to ease traffic
Mahindra Auto sales register 16% growth with 43,277 SUVs in August
Mahindra Thar Roxx Mahindra & Mahindra Ltd. reported a total of 76,755 vehicle sales in August 2024, including exports. The company observed a good growth in both the commercial vehicle and utility vehicle sales. According to Veejay Nakra, President of the Automotive Division at M&M Ltd., “We sold a total of 43,277 SUVs in August,… Continue reading Mahindra Auto sales register 16% growth with 43,277 SUVs in August
Ramkrishna Forgings to invest in aluminium forging project for EV market
The company’s strategic move into aluminium forging is driven by its goal to enhance vehicle performance, fuel efficiency, and reduce environmental impact. Ramkrishna Forgings has received approval from its board of directors for an investment of INR 57.5 crore to set up an aluminium forging facility in Jamshedpur. This facility will primarily cater to the… Continue reading Ramkrishna Forgings to invest in aluminium forging project for EV market
Supratik Roy joins Marelli UM Electronics Systems as Chief Operations Officer and Senior Director
Supratik Roy Supratik Roy has joined Marelli UM Electronics Systems as Chief Operations Officer and Senior Director, effective September 2, 2024. The global leader in automotive electronics aims to advance vehicle performance and safety through innovative solutions in electronics, software, lighting, and sustainable products for electric and hybrid vehicles. ExperienceSupratik Roy brings extensive experience to… Continue reading Supratik Roy joins Marelli UM Electronics Systems as Chief Operations Officer and Senior Director