The EU target is for an at least 29% share of renewable energy by 2030 or a 14.5% reduction in greenhouse gases compared with emissions that would have been created by fossil fuel use. Germany needs to go beyond the European Union’s guidance on fuels if it wants to achieve its 2045 goal of climate-neutral… Continue reading Germany’s auto industry calls for stricter climate targets for fuel suppliers
Author: Economic Times of India Online News
Rupee to ignore dovish Fed minutes; bias on downside
The Reserve Bank of India has been intervening regularly across various markets to prevent the rupee from dipping past 84. The Indian rupee is likely to open little changed on Thursday after the mostly dovish U.S. Federal Reserve minutes failed to lift Asian peers. The 1-month non-deliverable forward indicated that the rupee will open barely… Continue reading Rupee to ignore dovish Fed minutes; bias on downside
What happens next in the EU investigation into China-made EVs?
The Commission said some Chinese companies in JVs with EU automakers may receive lower planned punitive duties on Chinese-made EV imports. The European Commission published on Tuesday the draft findings of its high-profile investigation into alleged subsidies for imports of Chinese-made electric vehicles, which included some revisions to proposed punitive tariffs. The Commission published what… Continue reading What happens next in the EU investigation into China-made EVs?
Automakers engage in myth-busting campaign surrounding EV charging safety
Various local governments across the country also have announced or were considering similar measures, including moving underground EV charging facilities to above-ground locations. Automotive companies in South Korea are pushing forward with their new electric vehicle launch schedules despite public concerns over EV safety, with key players actively campaigning to debunk unsubstantiated myths surrounding safe… Continue reading Automakers engage in myth-busting campaign surrounding EV charging safety
Rupee caught between more dollar losses, importer hedging
“The last round of the dollar’s fall has been without an apparent trigger, which is never a good sign (for the U.S. currency),” a currency trader at a bank said. The Indian rupee is expected to open little changed on Wednesday as the dollar struggled in the lead up to Federal Reserve Chair Jerome Powell‘s… Continue reading Rupee caught between more dollar losses, importer hedging
Bengaluru has over 85% of state’s EV charging stations
These efforts significantly boosted consumer confidence and contributed to the surge in EV sales, exceeding 2.6 lakh units in the last two years alone. Bengaluru has emerged as the leader in the nation’s electric vehicle (EV) infrastructure, boasting the highest number of public EV charging stations in India. According to the latest report from the… Continue reading Bengaluru has over 85% of state’s EV charging stations
India’s green hydrogen push: What the government must focus on following the Union Budget
Developing a supply pipeline infrastructure in parallel could ensure that a green H2 production is not at the cost of community land dispossession in the long run. India’s 2024 Union Budget included several announcements for clean energy transition efforts. Notably, INR 600 crore (USD 72 million) was allocated to the National Green Hydrogen Mission –… Continue reading India’s green hydrogen push: What the government must focus on following the Union Budget
UAW workers at Stellantis could strike over Illinois plant reopening
UAW President Shawn Fain referred to the issue during a prime-time address at the Democratic National Convention on Monday night. The United Auto Workers union said on Monday some local units representing workers at Stellantis are preparing to file grievances and could launch a nationwide strike, accusing the automaker of not honoring production commitments. The… Continue reading UAW workers at Stellantis could strike over Illinois plant reopening
Rupee likely to underperform regional peers amid dollar’s slide
The Reserve Bank of India has in recent days been selling dollars at 83.97 to support the rupee, according to traders. The Indian rupee is expected to inch higher on Tuesday after the dollar index slumped to its lowest level in seven months, but is likely to underperform its regional peers. The 1-month non-deliverable forward… Continue reading Rupee likely to underperform regional peers amid dollar’s slide
Bajaj Auto to increase provision for deferred tax by INR 211 cr
Bajaj Auto emphasized that this adjustment is a provision in line with applicable accounting standards and the recently enacted tax change, rather than an immediate cash outflow. Bajaj Auto Ltd announced on Monday that it will need to increase its provision for deferred tax by INR 211 crore due to changes in the tax rate… Continue reading Bajaj Auto to increase provision for deferred tax by INR 211 cr