China and the EU have butted heads in recent years on a range of issues relating to trade, technology, human rights and national security. Beijing said Friday it had filed an appeal with the World Trade Organization (WTO) over the European Union’s imposition of additional tariffs on imports of electric vehicles from China. In July,… Continue reading China drags EU to WTO over EV tariffs
Author: Economic Times of India Online News
India saw ninefold increase in EV charging stations in last two years but why it isn’t enough
4Ws and buses require a mix of AC and DC charging solutions. India’s public electric vehicle (EV) charging infrastructure expanded nearly ninefold from 1,800 stations in February 2022 to 16,347 by March 2024. However, a recent report by Forvis Mazars warns that this growth still falls short of future needs. The report projects that by… Continue reading India saw ninefold increase in EV charging stations in last two years but why it isn’t enough
Auto parts traders in this Indian city are paying a price for Bangladesh unrest
The current instability in Bangladesh has compounded these issues, with Bhargava worried about potential losses from consignments already sent but not yet paid for. The political turmoil in Bangladesh is significantly impacting Delhi’s auto parts trade, particularly affecting markets like Kashmere Gate and Karol Bagh, which export spare parts to the neighboring country, TOI reported.… Continue reading Auto parts traders in this Indian city are paying a price for Bangladesh unrest
Greaves Cotton reports 12% revenue growth at INR 445 cr in Q1 FY25
This quarter also marked an extension of their global reach, with exports now constituting 12% of their engineering revenue, particularly to the United States and the European Union. Greaves Cotton Limited, a leading diversified engineering company in India, recorded standalone revenues of INR 445 crore for Q1 FY25, a 12% year-over-year growth. The quarterly EBITDA… Continue reading Greaves Cotton reports 12% revenue growth at INR 445 cr in Q1 FY25
Exicom to acquire industry leader Tritium; Expands global footprint in EV charging
This move broadens Exicom’s global reach and strengthens its commitment to research and development, thereby driving innovation in the EV charging industry. Exicom Tele-systems Limited, India’s largest manufacturer of electric vehicle chargers, announced today that its subsidiary, Exicom Power Solutions B.V. Netherlands, along with other step-down subsidiaries, has entered into a definitive agreement to acquire… Continue reading Exicom to acquire industry leader Tritium; Expands global footprint in EV charging
India’s EV market set to hit USD 48.6 bn by 2030; 1.32 mn EV chargers needed
India’s charging infrastructure faces unique demands due to the prevalence of 2Ws and 3Ws, which primarily use AC slow charging and battery swapping. New Delhi: India’s electric vehicle (EV) market is projected to reach USD 48.6 billion by 2030, according to a report by Forvis Mazars. This significant growth is driven by the rapid expansion… Continue reading India’s EV market set to hit USD 48.6 bn by 2030; 1.32 mn EV chargers needed
Public EV charging stations increase 9-fold in India amid robust adoption
EV sales in India tripled in the last fiscal year, particularly in the two-wheeler (2W) and three-wheeler (3W) segments. New Delhi: The number of public battery electric vehicle (BEV) charging stations in India expanded significantly from 1,800 in February 2022 to 16,347 in March this year, marking nearly a nine-fold increase, a report showed on… Continue reading Public EV charging stations increase 9-fold in India amid robust adoption
Critical minerals have emerged as drivers of modern economy: Reddy
Such minerals are in demand for the production of batteries for electric cars. The government has successfully auctioned 14 critical mineral mines. New Delhi: Coal and mines minister G Kishan Reddy on Thursday said that critical minerals have emerged as drivers of the modern economy and the Centre has ensured the country taps into this… Continue reading Critical minerals have emerged as drivers of modern economy: Reddy
Eicher Motor PAT up 20% to INR 1,101 cr in Q1 FY2025
Eicher Motors’ robust performance this quarter highlights the company’s continued growth and resilience. Eicher Motors Ltd reported its best-ever figures for total revenue, EBITDA, and Profit after Tax for the quarter ended June 30, 2024. The company achieved total revenue from operations of INR 4,393 crores, up 10%, with an EBITDA of INR 1,165 crores,… Continue reading Eicher Motor PAT up 20% to INR 1,101 cr in Q1 FY2025
Statiq joins with clean energy solutions group Gentari to boost EV charging solutions
Gentari, with its experience in clean energy solutions, supports customers’ decarbonization journeys and looks to expand its presence in India’s EV market through this collaboration. Statiq, a leading electric vehicle (EV) charging network, has partnered with Gentari Green Mobility India, a subsidiary of Gentari, to enhance interoperability and develop a robust EV charging infrastructure across… Continue reading Statiq joins with clean energy solutions group Gentari to boost EV charging solutions