Minister of State Bhupathiraju Srinivasa Varma said that India is on track to become a USD 5 trillion economy, with the automotive sector playing a pivotal role. New Delhi: The government is committed to advancing India’s electric vehicle (EV) ecosystem, fostering local manufacturing and promoting sustainable growth, Union Minister for Heavy Industries and Steel, H.D.… Continue reading Committed to advancing India’s EV ecosystem, fostering local manufacturing: Minister
Author: Economic Times of India Online News
We need to develop our own infrastructure and make more in India: Pralhad Joshi
Apart from Bengaluru, plans are on to establish EV testing facilities in Mumbai and Kolkata as well. India is blessed with talent, manpower and potential, so we need to go forward and make more in India, Union Minister of Consumer Affairs, Food & Public Distribution and New & Renewable Energy Pralhad Joshi said on Thursday.… Continue reading We need to develop our own infrastructure and make more in India: Pralhad Joshi
A study reveals high real-world emissions in Delhi and Gurugram; urges rapid shift to zero-emission vehicles
The report’s release coincides with a recent directive from the Supreme Court of India, which aims to finalise the Automotive Industry Standard (AIS) 170 and introduce remote sensing technology in the National Capital Region. A recent study conducted as a part of the Real Urban Emissions (TRUE) Initiative has revealed that motor vehicles in Delhi… Continue reading A study reveals high real-world emissions in Delhi and Gurugram; urges rapid shift to zero-emission vehicles
Rupee’s record lows mask currency’s trade-weighted overvaluation
The rupee is hovering near 84 to a dollar, and is down 0.9% so far this year, but on a REER basis, it’s up 3.6% in seven months to July. A gauge showing the Indian rupee’s value against its key trading partners rose to the highest in more than six years in July, even as… Continue reading Rupee’s record lows mask currency’s trade-weighted overvaluation
Centre charges up EV Space with PLI approvals
Updated On Aug 23, 2024 at 08:01 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Under the PLI incentive scheme, an automaker can receive a government grant of 13-15% of the sales value of EVs during a year. The government has approved 50 out of 74 applications it got from automakers… Continue reading Centre charges up EV Space with PLI approvals
Wheels revving up for a brighter future
Automation in manufacturing at scale. Resilience in tomorrow’s supply chain. Changing consumer choices and the industry’s ear to the ground working as mantra. Evolving consumer preferences is rapidly redefining the roadmap for automobile products. Emerging regulation is adding to the complexity with traceability of input turning to be critical. With consumers increasingly opting for EVs… Continue reading Wheels revving up for a brighter future
SUN Mobility launches retrofit kits for Tata ACE vehicles in collaboration with Bluwheelz
The electric Tata ACE ensures extended vehicle life, reduced operational costs, and increased uptime. SUN Mobility launched retrofit kits for Tata ACE vehicles in collaboration with Bluwheelz. This initiative aims to convert existing Tata ACE internal combustion engine (ICE) or fixed battery vehicles to swappable electric vehicles (EVs) using SUN Mobility’s battery swapping technology. This… Continue reading SUN Mobility launches retrofit kits for Tata ACE vehicles in collaboration with Bluwheelz
Two-wheeler, car buyers will have to shell out more in Punjab
Punjab Government increases Motor Vehicle Tax New Delhi: Now buying two-wheelers and four-wheelers in Punjab will be costlier as the AAP government has increased the motor vehicle tax on them under the new tax system to recover revenue loss. The tax is on the actual cost of the vehicle, excluding taxes, an official of the… Continue reading Two-wheeler, car buyers will have to shell out more in Punjab
Taxi, auto rickshaw disruption in Delhi as drivers go on two-day strike
The 15 unions on strike represent over 400,000 taxi and auto rickshaw drivers in the national capital. Cabs and auto rickshaw services were disrupted in New Delhi on Thursday with around 15 driver unions launching a two-day strike. Cabs and auto rickshaws went off the roads with drivers protesting against falling earnings from cab aggregator… Continue reading Taxi, auto rickshaw disruption in Delhi as drivers go on two-day strike
Xiaomi Q2 revenue beats estimate, reveals auto unit sales
Xiaomi’s auto business is still operating at a loss. The unit reported an adjusted loss of 1.8 billion yuan for the quarter, with a gross profit margin of 15.4%. China’s Xiaomi Corp on Wednesday reported higher-than-expected revenue for the second quarter, revealing for the first time its auto business unit’s contribution of 6.2 billion yuan… Continue reading Xiaomi Q2 revenue beats estimate, reveals auto unit sales