MLMML also facilitated the licensing process and, in collaboration with financial institutions, extended loan opportunities to help these women. Mahindra Last Mile Mobility Limited (MLMML), started the Mahindra WE (Women Entrepreneurs) Hunnar initiative in July 2024 as part of its commitment to empowering women in the mobility sector. As part of this initiative, MLMML has… Continue reading Mahindra WE Hunnar initiative empowers women entrepreneurs in electric mobility
Author: Economic Times of India Online News
Japan’s auto lobby warns US tariffs could force production adjustments
In the event, Minister of Economy, Trade and Industry Yoji Muto failed to win any assurance from Washington that Japan would be exempt from any of the tariffs. The chief of Japan’s auto lobby warned that the potential April 2 start of auto tariffs proposed by U.S. President Donald Trump could force automakers and suppliers… Continue reading Japan’s auto lobby warns US tariffs could force production adjustments
Indian government recommends 12% temporary tax on some steel products
In December last year, the government launched an investigation to consider if it should impose a safeguard duty or a temporary tax to curtail steel imports. India has recommended a temporary tax of 12% on some steel products for 200 days, known locally as safeguard duty, in a bid to curb imports, according to a… Continue reading Indian government recommends 12% temporary tax on some steel products
16.15 lakh EVs incentivised under FAME India scheme Phase-II
The ministry also sanctioned an additional Rs 73.50 crore for the upgradation of 980 public charging stations in March 2024. Led by electric two-wheelers, the number of electric vehicles (EVs) incentivised under the FAME India scheme Phase-II reached 16,15,080 till March 11, the government said on Tuesday. While 14,28,009 electric two-wheelers received incentives, 1,64,523 electric… Continue reading 16.15 lakh EVs incentivised under FAME India scheme Phase-II
Rilox EV launches e-mobility division for electric vehicle leasing
The vehicles will be equipped with IoT technology for real-time tracking of fleet movements, vehicle health, and load capacity. Rilox EV has announced the launch of Rilox E-Mobility, a new division focused on electric vehicle (EV) leasing. Starting on April 1, 2025, the division will provide cost-effective leasing options for businesses and individuals, making electric… Continue reading Rilox EV launches e-mobility division for electric vehicle leasing
Fitch cuts rating headroom for Tata Steel, JSW Steel amid import pressures
Fitch Ratings on Tuesday reduced the rating headroom for India’s two steel giants, JSW Steel Limited and Tata Steel Limited, amid the ongoing challenges posed by cheap steel imports from China and the potential impact of aggressive tariff policies from various economies including the US. The agency, in its latest report, has said that domestic… Continue reading Fitch cuts rating headroom for Tata Steel, JSW Steel amid import pressures
Noida Authority to reclaim unused DND Flyway land amid legal tussle with NTBCL
Noida Authority has decided to take back unused land allotted to DND Flyway from Noida Toll Bridge Company Ltd (NTBCL), the concessionaire, after the Supreme Court in Dec last year ordered the road will remain toll-free. NTBCL has opposed the move, citing a 31-year contract signed in 1998 is still valid till 2029. Noida had… Continue reading Noida Authority to reclaim unused DND Flyway land amid legal tussle with NTBCL
Audio Interview| US aftermarket update: Right to repair act; supply chains; workforce shortages; and EV adoption
Ron Hesse speaks with Bill Hanvey In the 12-minute Audio Interview, Mr. Hanvey discusses these questions: With ongoing discussions around the Right to Repair Act and other regulatory changes affecting the automotive aftermarket, how is the Auto Care Association positioning itself to advocate for independent repair shops, suppliers, and consumers? The industry has faced disruptions… Continue reading Audio Interview| US aftermarket update: Right to repair act; supply chains; workforce shortages; and EV adoption
Billion Electric appoints Sanjeev Kulkarni as CEO
Sanjeev Kulkarni, CEO, Billion Electric Billion Electric Mobility (BillionE), an Indian E-Mobility-as-a-Service (eMaaS) platform, has appointed Sanjeev Kulkarni as its new CEO. The announcement was made on March 18, 2025. Kulkarni, previously the COO, brings over three decades of experience to the role and will focus on expanding Billion Electric’s eMaaS business, particularly in the… Continue reading Billion Electric appoints Sanjeev Kulkarni as CEO
Vedanta demerger: Newly demerged cos have potential to grow into $100 bn each, says Anil Agarwal
Vedanta plans to split the mining conglomerate into different businesses with a view to simplify the group’s structure and help manage its debt burden. Vedanta Ltd Chairman Anil Agarwal on Monday reaffirmed the company’s commitment to unlocking value, saying the four new companies that will emerge from the demerger, have the potential to grow into… Continue reading Vedanta demerger: Newly demerged cos have potential to grow into $100 bn each, says Anil Agarwal