Three-wheeler wholesales also showed an upward trend, rising by 5.1% to 59,073 units Y-o-Y, up from 56,204 units in July last year. Passenger vehicle wholesales in India saw a 2.5% decline year-on-year to 3,41,510 units in July, according to the Society of Indian Automobile Manufacturers (SIAM). The overall passenger vehicle dispatches from companies to dealers… Continue reading Domestic PV sales dip 2.5% to 3.41 lakh units in July, says SIAM
Author: Economic Times of India Online News
Six Sense Mobility raises seed round from Piper Serica VC
Six Sense Mobility is positioned to contribute significantly to India’s evolving mobility and transportation sector, aligning with the government’s implementation of new technologies. Smart mobility company Six Sense Mobility has successfully raised INR 6 crore in a seed round from Piper Serica VC, an angel investment firm in Mumbai. Previously, the company had received funding… Continue reading Six Sense Mobility raises seed round from Piper Serica VC
Leasing model behind Europe’s EV drive at risk of breakdown
Like Ayvens, EVs only make up about 10% of Arval’s fleet of 1.7 million vehicles. Low resale values for electric cars have pushed the leasing firms that drive Europe’s auto market to double prices over the last three years and some are threatening to quit the business altogether if regulators force them to go electric… Continue reading Leasing model behind Europe’s EV drive at risk of breakdown
CNG will help in cutting carbon footprints: Himanta
In Barak valley, the work for three CNG stations has been completed and two more are in different stages of completion, he said. Assam Chief Minister Himanta Biswa Sarma on Tuesday said Compressed Natural Gas (CNG) will help in cutting carbon footprints. Inaugurating five CNG stations in Guwahati, he said they will herald large-scale use… Continue reading CNG will help in cutting carbon footprints: Himanta
Big EV push: NMC to double charging points across city
Nagpur’s EV ecosystem has seen significant growth, with EVs accounting for 22% of new vehicle registrations in 2024, up from 1% in 2020. With a projected increase in electric vehicle penetration from 30% to 50% in two-wheelers and from 5% to 20% in four-wheelers by 2040, the Nagpur Municipal Corporation (NMC) has set goals to… Continue reading Big EV push: NMC to double charging points across city
Vedanta Aluminium appoints Luca Zipponi as CEO, Rolled Products
Luca Zipponi Vedanta Aluminium, India’s largest aluminium producer, has appointed Luca Zipponi as CEO of Rolled Products, aiming to drive growth and innovation in various sectors by leveraging his extensive experience. Zipponi, with over 30 years of expertise in leadership roles across Europe and Asia, will be responsible for overseeing operations and enhancing market leadership.… Continue reading Vedanta Aluminium appoints Luca Zipponi as CEO, Rolled Products
ETSCLC 2024: The conclave concludes with industry leaders unite together to shape the future of India’s logistics sector
The West Chapter of the Supply Chain & Logistics Conclave, scheduled to be held in Mumbai in March 2025 was also announced. New Delhi: The 4th edition of the Economic Times Supply Chain & Logistics Conclave 2024 concluded successfully at the Hyatt Regency, New Delhi, bringing together over 200 senior executives, policymakers, and industry leaders.… Continue reading ETSCLC 2024: The conclave concludes with industry leaders unite together to shape the future of India’s logistics sector
EVs are leading the way for safer two-wheelers in India
Ather’s FallSafeTM feature cuts off power supply to the motor, thus preventing the scooter from accelerating further and causing any injuries to the rider. According to the Road Accidents in India 2022 report published by the Ministry of Road Transport and Highways of India, data shows that nearly 45% of all road fatalities in India… Continue reading EVs are leading the way for safer two-wheelers in India
Audio Interview: India’s Budget: Key Highlights and Specific Announcements on the Automotive Sector
Ron Hesse speaks with Krishna Barad In the 10-minute Audio Interview, Mr. Barad discusses these questions: What are the key highlights of India’s new Budget? What is the impact on customs legislation? Can you provide a specific analysis and highlights? What are your take-aways from the Budget? [embedded content] Published On Aug 13, 2024 at… Continue reading Audio Interview: India’s Budget: Key Highlights and Specific Announcements on the Automotive Sector
Alliance with American player for African market and new products, part of newly- funded Kinetic Green’s growth strategy
Kinetic Green plans to scale up monthly production from the current 3,000 units, to 4,000 next month, and 5,000 in October. The target is to touch 8,000 units by December, or “give or take one month”. Collaboration is increasingly becoming the name of the game in the automotive industry. In yet another example, EV maker… Continue reading Alliance with American player for African market and new products, part of newly- funded Kinetic Green’s growth strategy