EKA Mobility formed a strategic partnership with IKEA for supply of electric delivery vans. Commercial electric vehicle maker EKA Mobility on Tuesday said it has formed a strategic partnership with Swedish furniture retailer IKEA for supply of electric delivery vans in India. Under the partnership, Eka has already delivered 10 such vehicles to IKEA, with… Continue reading EKA Mobility enters into strategic pact with IKEA for supply of EV vans in India
Author: Economic Times of India Online News
The crucial role of capacity management in speeding up auto NPD projects
The right Work In Progress (WIP) level is not a single optimal point—it is as many projects as the expert resources, who are few in most systems, can handle. What are the biggest challenges auto companies in India must overcome to stay competitive? The auto sector in India is one of the most hotly contested… Continue reading The crucial role of capacity management in speeding up auto NPD projects
Vedanta readies INR 30,000-cr war chest to pursue further deleveraging, growth
Vedanta Ltd has prepared a war chest of Rs 30,000 crore to pursue further deleveraging and growth. Anil Agarwal-led Vedanta Ltd has prepared a war chest of INR 30,000 crore with recent funds raised through a qualified institutional placement (QIP), offer for sale (OFS) and dividend to pursue further deleveraging and growth, sources said. Proceeds… Continue reading Vedanta readies INR 30,000-cr war chest to pursue further deleveraging, growth
Audio Interview: Training and Certification of North American EV Supply Equipment and Renewable Infrastructure Talent
Ron Hesse speaks with Elaina Farnsworth In the 15-minute Audio Interview, Ms. Farnsworth discusses these questions: Can you tell us a little bit about the landscape in the global market with electric vehicle supply equipment, Infrastructure. Can you speak to the importance of integrating, trained, and certified workers on multiple renewable energy sources? Can you… Continue reading Audio Interview: Training and Certification of North American EV Supply Equipment and Renewable Infrastructure Talent
Enforcement of new mining cess may increase cost pressure for steel makers: Icra
According to Icra, the recent Supreme Court ruling has brought renewed focus. The enforcement of the new mining cess by some states following the Supreme Court ruling may bring challenges for the domestic steel industry by adding to the cost pressures, according to rating agency Icra. On August 14, the Supreme Court upheld the power… Continue reading Enforcement of new mining cess may increase cost pressure for steel makers: Icra
Hero Motors in talks with German company for transmission systems JV
Hero’s pursuit of more international alliances – it already has some others for tech transfer and market access in other product categories – underlines the emerging importance of India as a global parts’ supplier. Hero Motors, which has filed a draft prospectus with markets regulator SEBI for an initial public offer, has been in talks… Continue reading Hero Motors in talks with German company for transmission systems JV
US industry seeks easing of steep Biden-Harris China tariff hikes
The decision is politically tricky. Dialing back the duties could draw criticism from Republicans that Harris will take a softer stand on China trade in a campaign where Trump has vowed to hit Chinese imports with hefty tariffs. The Biden-Harris administration this week is expected to announce final implementation plans for steep tariff increases on… Continue reading US industry seeks easing of steep Biden-Harris China tariff hikes
Rupee to rise after Powell reinforces expectations of Fed rate cut in Sept
The Sept. 6 U.S. jobs report will determine the quantum of the Fed’s rate cut next month, ING Bank said in a note. The Indian rupee is expected to rise on Monday, after U.S. Federal Reserve Chair Jerome Powell comments nearly confirmed a September rate cut, spurring a further drop in the dollar. The 1-month… Continue reading Rupee to rise after Powell reinforces expectations of Fed rate cut in Sept
RMC joins IOC to set up EV charging stns in city
This initiative is being carried out with the involvement of companies such as Tata and Ather Power, which will enable rapid charging for vehicles at various locations across the city. The Raipur Municipal Corporation (RMC) is set to undertake the development of ten fast EV charging stations in collaboration with the Public Sector Undertaking (PSU)… Continue reading RMC joins IOC to set up EV charging stns in city
Mobile app to give real-time traffic updates for hassle-free commuting in state capital
TOI first reported this initiative by the Jaipur city police on June 14. With the traffic department joining hands with a private mapping mobile application, commuters will get access to real-time updates on city traffic conditions. Speaking to TOI, DCP traffic Sri Sagar said the department had signed a memorandum of understanding (MoU) with MapmyIndia… Continue reading Mobile app to give real-time traffic updates for hassle-free commuting in state capital